The intraday is a casino

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

  1. Wheezooo

    Wheezooo

    Funny, my addiction to trading began when I was eleven, but it was standing at the craps table when I was sixteen, that I determined with specificity what I wanted to do when I grew up... be the house!
     
    #91     Dec 13, 2019
    tzachi likes this.
  2. It's not a casino if you can trade off 1 min chart and follow the trend. The market usually has some momentum in one direction and if you can consistently detect the start of a trend and get in you will profit over long time.
     
    #92     Dec 13, 2019
    murray t turtle likes this.
  3. %%
    I like 5 hour chart$, MERC 4Hi;
    but I seldom day=trade. I remember in school I looked all around my typing class, about 80% good looking girls.TO GET good typing grades , had to be fast and accurate; so I did not do grade ''a''. LOL. If I have to move fast; I want to shoot ducks like Paul tudor Jones or shotgun shoot doVes.LOL.
    I cant think of a harder way to make a million bucks/short term trade; investing in the stock market can make millions , do it long enough. I hand drew a hand chart on my last DEC daytrade=slower than a printer. LOL-LOL/true:D:D,:caution::caution::caution:,:caution::caution::caution::caution::caution::caution::caution::caution: INtra=day is not a casino; card count + win in Vegas + see hoW far you get..............................................................May want to trade a few times off investment profits; may not!!
     
    #93     Dec 14, 2019
    vanzandt and ElectricSavant like this.
  4. wrbtrader

    wrbtrader

    For most but not for some.

    Yesterday was my first time outside by myself after a recent surgery. I almost got hit by a car crossing the street. If someone had asked me at that moment if walking across the street was like a casino...

    I would have said YES. :(

    wrbtrader
     
    #94     Dec 17, 2019
    murray t turtle likes this.

  5. I hope your daughter has a husband to fund her trading losses by that time.

    Not sure how you backtested this, but when I do it shows only 2019 YTD is profitable near 1 pt per day on average. 2018 was four times less profitable and so was 2012. All other years between 2009 and 2019 were showing losses.

    Am I missing something or did you only backtest last year/last 12 months?
     
    #95     Dec 20, 2019
    murray t turtle and Evgeniy like this.
  6. Overnight

    Overnight

    50 whole points on the ES? That was your biggest drawdown on a swing on the ES? Guffaw. That's $2500.

    The hell yer on about.
     
    #96     Dec 21, 2019
    murray t turtle likes this.
  7. Yes, I see it due to their principles of the game. It's obvious that they are a gamble game, and more specifically - casinos. I'm an old gamble guys who started playing these bad games in 80's and I can say for sure that I'm a professional. My advice to everyone is that is in not so easy playing there as everybody thinks because it is an art)) Now I've started playing on clubvip777 not because I need money but because of it is like a drug for me and I already can't leave without it.
     
    #97     Jun 11, 2020
  8. Nice casino!
     
    #98     Mar 24, 2021
    murray t turtle likes this.
  9. %%
    Ed Sekota said intraday is a slot machine + thats why he does eod/end of day.
    Great quote , but i dont trade slot machines + when he made that comment comissions were much HIGHER/LOL......................................................................................:D:D:D:D:D:D:D [Edit not an ad for day ttrades or slot machines ]
     
    #99     Mar 24, 2021
    Nobert likes this.
  10. %%
    OK;
    IF you trade10 stocks or 10 ETfs /most likely\you would trade better if you checked or checklisted 10 things.[Like price, volume, 52 week hi /low 50dma price,50dma volume=0k thats 7 or 8,close enough /LOL So 80 things+
     
    #100     Mar 24, 2021