At every rally (I've only witnessed 2003 before this) these "retaildaytrader" types come out to teach others how it's done -- more often than not a year later they are very defensive and much more cautious regarding the statements they make. I doubt this time it's any different.
Hi Dustin, I has been watching ur thread and decide to asksome question. I am a trader with a little bit experence . I has been traded from 2006 until now and i did not make any money at all . Kept loosing from year to year .I tried to learn but it seem very hard to trade during the day .Do u have any idea for me to learn .Plese give some advice , I appreciate if u can help me an idea if not no problem . I kept watching all the thread. Thanks
dear sir no need to read ET just learn to read the order flow of various markets in various time frames learn to listen to the music of the market the best traders can do all this and more www.youtube.com/watch?v=_8yGGtVKrD8
You Sir, are an idiot. I know Dustin personally and he's one of the few here who actually know what they're talking about and can actually 'walk the walk'. As for your advice he change his style. He's been in the game 10+ years. You don't think he's had to adapt a time or two? Who do think will still be trading 10 years from now? You or him? Here's some advice for you. You'll learn more with your ears open than you will with your mouth open.
I don't know if this year is more difficult or easier than previous years for other people. As far as I am concerned, I lost less this year than last year. So I think this year is easier than last year. Everybody is entitled to his/her opinion.
Hey Red_Ink... I sent you a PM a week or so ago...Just want to make sure you see it, in case you do not check them often. Many thanks for your advice
I agree with Dustin and a few others and i don't think it's a coincendence volume in equity firms have fallen off a cliff. For some of the newer traders here, this is a cool link about some of the issues we're dealing with in the market: www.defendtrading.com
Just to be clear, you're talking about swing trading stocks (I think)? Considering how many time frames, instruments and trading styles there are, I don't think sweeping generalizations about this being a good or bad time for trading are very helpful.
The government has basically ruined the capital markets through all the inverventions backstops that no one can make any prediction about anything. Due to the lack of volume the downside risk is massive. Gold is a example of a rise on very little liquidity. up then down and no bounce
Couldn't agree more. This was a seemingly sudden change (back in the early summer, can't remember exactly). I am used to getting my face ripped off, when it happens, in the morning and being able to scratch back throughout the day. No way anymore, i'm just not good enough yet. Then again I haven't traded in little more than a month, but I'm hearing things are a little better recently.