The intraday is a casino

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

  1. TTT

    TTT

    Simply what happens to me is that I am not smart enough.
    For this game you have to be very, very, very, very smart.
    Even so, being very, very, very smart, the market will always have a random component where intelligence is useless.
     
    #51     Dec 20, 2018
    Onra likes this.
  2. TTT

    TTT

    Simplemelike
    Test in real and then you tell me.:rolleyes:
     
    #52     Dec 20, 2018
  3. qlai

    qlai

    If you are concerned with not loosing lots of money, I think intraday is your BEST choice as a trading style to master. Directional options may be a good choice as well. Do not do any trading(not talking about investing) that involves overnight risk. One day you will wake up with big losses. Don't get lulled by the long low volatility bull run, this is not the norm. The longer the timeframe, the larger the drawdowns, the longer the recovery time, and the least confidence, imho. You need to be well capitalized to play that properly.

    BTW, the machines are NOT taking your "children's bread." Why are you even trading with bread money anyway?

    Good luck.
     
    #53     Dec 20, 2018
  4. vin2018

    vin2018

    Yes, it is like casino.
     
    #54     Dec 20, 2018
  5. zdreg

    zdreg

    In life there is not much difference between whether you get bad luck or good luck. it is what you do with that luck that makes all the difference in the end.

    lots of luck, TTT
     
    Last edited: Dec 20, 2018
    #55     Dec 20, 2018
  6. Both inter/intra are profitable.
     
    #56     Dec 20, 2018
  7. I am a day trader and it is not a casino, its a system. If you are blessed to have the knowledge and understand the setups then it's highly successful.
     
    #57     Dec 22, 2018
    KCalhoun likes this.
  8. Overnight

    Overnight

    Er, yeah, those times ended a couple months ago. They be over. Maybe you have not heard, but the long low volatility bull market is kaput?
     
    #58     Dec 28, 2018
  9. Oh, I'm already tired of these casinos because they are constantly cheating. I also used to go to the casino, but when I found out that my favorite casino has a website, I started playing no download casino slots online. I feel the same atmosphere only online. I played in this online casino for a couple of months and won about 25,000 dollars and I had no problems with this site, and the money was withdrawn very easily. So if you are looking for a good online casino then you need to play here.
     
    #59     Nov 9, 2019
  10. KCalhoun

    KCalhoun

    Yes it's like a casino -- if you're inexperienced.

    if you're experienced, it's more like playing poker vs fish/donks, knowing pot odds & having an edge & using risk mgmt the right way
     
    #60     Nov 9, 2019