The intraday is a casino

Discussion in 'Index Futures' started by TTT, Dec 18, 2018.

  1. TTT

    TTT

    Someone agrees?
     
    ElectricSavant likes this.
  2. tomorton

    tomorton

    Yes.
     
  3. tomorton

    tomorton

    Yes, but......

    Actually I am experimenting for about a week now with short-term entry orders set after the close just based on the day's high or low. Where these are triggered over-night and run me into a position which is not aligned with a strong trend, I am looking to exit on Day 1.

    But for new traders, day-trading as traditionally recognised is just too difficult for them to profit from and their real mistake isn't running their losers and cutting their winners or risking too much capital or being under-funded, its choosing day-trading.
     
  4. d08

    d08

    It's as much a casino as swing.
     
  5. TTT

    TTT

    :vomit:
    I am on strike.
    If the high-frequency machines do not let me earn my living ... very well, then let them fight each other.
    I will not let them steal my children's bread.
     
    solidme, clockwork71 and REDP1800 like this.
  6. nickynoes

    nickynoes

    It's not, lots of successful traders trade intraday.
     
  7. TTT

    TTT

    How many ...... 0.00000000001%? The machines?
     
  8. d08

    d08

    Were you trying to do discretionary trading on HFT timeframes? You should post a video on Youtube of yourself doing this, I'd watch that.
     
    Alpha Trader likes this.
  9. TTT

    TTT

    No one can trade as HFT due to commissions. The game is lost long before we start.
     
  10. wrbtrader

    wrbtrader

    You have too many posts at this forum that intraday trading is can not be successful and then too many posts about how "easy" intraday trading is.

    Now you're on the "casino" theme.

    What's going on with you ?

    You're starting to look like when you lose money intraday trading...you attack it. Then when you making money intraday...you praise how easy it is.

    Funny thing is while you're doing all of that contradiction...you also stated you're a profitable trader but not via intraday.

    I'm starting to think the problem is you...not the type of trading.

    P.S. There are retail algorithm traders at this forum...some of them have stated they're successful. You should comb thru the algorithm threads at this forum to see whom they are. You may get more traction with your strange messages about "no one can trade as HFT due to commissions" if you post that message at the below algorithm/automated thread.

    https://www.elitetrader.com/et/forums/automated-trading.48/

    There only needs to be just "one" so that "no one" becomes a false statement. :D

    wrbtrader
     
    Last edited: Dec 18, 2018
    #10     Dec 18, 2018
    yc47ib, soulfire, Snuskpelle and 2 others like this.