No day trader on this planet can make yearly profits

In a word, noise
Better go for a run if
Go well

 

Actually I got my first signal of the day, unfortunately I was getting ready for the run. Here is the setup

 

Both short term MA's on my entry tf and the next higher (4500t) were expanding and price pulled back to close above the 9 ema, the takeout of the low of the high bar was what I call a 930 short

 

This anti-day trading thread has morphed into a solid tutorial, courtesy of Speedo.

I think usually it's the other way around - a decent trading tutorial thread transforming into an anti trading thread.

 

going lower

 

If Speedo is doing it, it can be done. It is obviously not simple.

 

Turned out to be an expensive run...it's that way sometimes.

 

You can still make money consistently trading, I have also been day trading for over 20 years. Bottom line anyone who trades based on intra day charts and such will probably get wiped out over time.

Just trade the story stocks in the first 2 hours of the day long or short depending on the news . There is so much noise that happens during the day, back in the 90’s early 2000's we traded against actual people now its mostly high-frequency algo’s. I remember when you could look at a Level 2 screen and actually have some idea of how the stock might move. Forget about that now as most of the major market makers are just hiding behind Ecn’s and big trades go off in the dark pools. The bottom line is traders must adapt, the markets now are more like a casino than ever before.

 

So, if it's impossible, how is Speedo winning. Speedo, do you think you will have to leave the futures one day because it will be impossible?