Yea, maybe the Irish whiskey is showing more now...LOL I have been noticing some issues though lately and some on forum have pointed it out mistakes that what I think, comes out a mess when I type it. I now type it, then reread it few times before I send a post. Doctors have ran tests, MRI too, but might be some of 22 meds I am on and all the supplements/vitamins I take that is screwing me up. So am going to reduce some supplements, one each month and try that. Am close to being in remission, so third of what I take will end. I apologize if makes no cents, haha.
One has to observe asset accumulation over decades. Many times, money is made by sitting in cash ....
Sorry to hear that. Watched my dad go down from liver cancer last year. Non-drinker, strong as a lumberjack. He was 68. We're all living on the edge, and only guests in this world
This is the quote you said ripping on day traders so don't get defensive when people respond back. Seems silly to bitch that ET is full of people jumping down your throat for not making money when you cite a bullshit statement above. I am not a daytrader but I have no doubt many make money day trading. We are not know it alls but find it childish for someone to make such a statement which they know @#$% about. If you cannot make it as a day trader then I guess no one can right? Maybe think about what you say. The market sucks for you only because you are having difficulty making money with YOUR system in this market. The overall market is up 13% in the past 2.5 months and you cannot make money as a long term trader? Please.
I'm a day trader, today is actually my best day ever. I've been breaking my profit record every a few days for weeks. I like slightly bearish market.
I'm up 10% this month with a long/short portfolio (about 2/3 long and 1/3 short). I'm in the green on almost all my longs and almost all my shorts. Blame your self, not the market.
I have no problem with people having a different viewpoint, its just your wrong interpretation of my post that is annoying. I never said no one can make money daytrading. I said most can't. I am talking about reality, in which a very small minority are long term profitable. There is even a smaller minority of traders that make a lot of money from trading, and most are trading longer time frames. You think George Soros is daytrading? Warren Buffett? David Tepper? Bruce Kovner? The only ones I know that are daytrading successfully are using HFT, like Jim Simons, And other big time successful daytrading operations are HFT run like Citadel, Virtu, Jump, Hudson River,.... What people who just start don't realize is that the more you trade, the bigger you trade, the more slippage you get and have to pay. If you are trading small size, sure you can daytrade efficiently if you have the skills, but most people here don't have those skills. And no, making money for a few months in a row dont make you a successful daytrader. If you are trading large size, HFTs will sniff out your activities and front run you. Learn about how HFTs make money off order flow before you come here claiming so many people make money daytrading.
volatile market = short term gain, short term trading... non-volatile market = watch the trend buy and hold or short and hold... either way makes money...
There's nothing wrong with venting a little. The problem, I think, is that not many people here see any problems with the current or recent market conditions, thus not understanding the rationale behind MarketOwl's complaints. I remember myself excelling during a period of heightened volatility (day trading), only to suffer tremendously when market conditions changed and I wasn't able to adapt. Specifically, we went into a period of low volatility where the market (ES) had many days of sub 10 point ranges. So, while I in the past could take a few hits (stop losses) and ride another huge winner or two, I found myself taking a few hits and then another one, without any opportunity to redeem myself. Bleeding to death by a thousand paper cuts. The correct trade on those days would pretty much be to buy the open and sell the close. But, I wasn't able to do that. Was there anything wrong with the market? Did anyone try to fuck me? HFT? The locals? The FED? The dollar? Of course not. The market just is and it certainly don't give a f**k who I am. It's just a market place which facilitates trading and allows you to buy and sell. That's all. The problem was entirely with me and my methodology. It simply wasn't good enough and I had only gained some understanding of a very limited part of the market.