But, I don't want to become a top Hollywood actor or popstar.... http://souonecanobee.files.wordpress.com/2009/04/waa-cry-baby21.jpg <*)))><
1) If you understand the mechanics of trading, you will realize, being profitable from a technical aspect on a long timeframe (weekly) is the same method as being profitable on a short timeframe(minutes). 2) The only difference is the risk/reward, A daytrader probably will be trading more, more trades, less reward, a little less risk. Of course you can be a profitable daytrader, that is without question. You can do much more then 20% daytrading. More like 200%++ 3) Liquidity issues: There are some people who would opt out of contiouslly daytrading, because daytrading has a "limit" on liquidity. To go over 5000 shares becomes your cap on 90% of the shares out there. When you make enough money you tend to want your complete trading capital in play, you can't daytrade it. Then you move onto a longer timeframe. 4) Daytraders focus on "inplay" stocks, these have liquidity cap issues of 5000 shares as well, trying to buy sell more then 5000 shares can get you a bad fill. 5) Idiot. In the end, asiaprop = idiot who doesn't understand how trading works.
No deal, what is your real problem schizo? You can send me some name, some address and then when I try to contact you to verify the given name and address matches with someone at ET who claims such track record you get all agitated? Why is that? I mean you already gave your full name and address away? Your argument of privacy makes zero sense. People generally are much more weary about giving away their name and address than the phone number, but you seem to have completely different issues (and maybe agendas?).
dude, you are going quite overboard making the same dumb assumptions than a whole bunch of other people. a) I never got an MBA and never claimed so. I received a Master's in a technical discipline. b) I never added more requirements. It just starts to strike me VERY ODD that you can send me your name and contact address but get all upset and mad when being asked for the phone number to verify your stated name and address. That is what I find funny. c) The documents will be signed through lawyers at the escrow company. I invite you again to pick the escrow company of your choice so that you do not accuse me further of tilting the game in my favor. d) Whether I work in the corporate world or not could not be less important for you. It really does not matter to you. Thus, I recommend you try not to make yourself look even more suspicious than you already sound with your phone number scare. Lets be honest for a second, you have so far delivered NOTHING that could be verified. Anybody can send a fake name and made-up address. Please dont pretend you have done anything YET that requires action on my part.
really? Thats funny coming from someone apparently based in the country that shook the financial world just two years ago, and since then does nothing better than printing paper tigers and trying to bs the world in order to maintain its credibility to repay debt. A country where most consumers dont even know how to spell the word "savings" because every extra cent burns a hole into their pockets. Where government, businesses, and consumers are so deep in debt that the only way this machinery is kept going is by bullshitting the world into believing that the government and its citizens are actually good for their credit. Which collateral? Your marketing gimmicks and words? Sounds like to me that even a signed contract and promises mean nothing when the shit really starts hitting the fan, and it will eventually hit the fan. Lets count the score AFTER the debt is repaid.
You said in 2) that the only difference is the risk/reward. So, which has the higher risk reward? And if you claim that flattening positions intra-day will result in a more favorable risk/reward then please explain why not a single bank or hedge fund employs day traders, they should force all their traders to flatten the book before going home. Could it be that the trading heads have not done their statistical homework while Coolweb, Schizo, and Ghost seem to precisely know that day trading spots higher risk/reward ratios than any other form of trading? (if those 3 figures dont think so then why do they pursue something that they think is subpar to other methods?). P.S.: You are displaying your total lack of knowledge (as usual): Your 5000 share limit is a completely arbitrary number because it means NOTHING. It all depends on your traded notional vs. the notional volume that has been transacted. Any of your arguments in your post make ZERO sense.
Let's hear what country you're from you anonymous coward. Maybe instead of changing your username to asiaprick, you should change it to asiapussy.
Schizo/ Ghost, could you please make up your mind whether you want to pursue this or not. I need your full contact information (including phone number) which we can handle in PM, as I have already done with Schizo's alleged real name and address. This is not adding anything to this bet but a necessary requirement for my own protection. I am the one who pays up in case I lose the bet, you guys stand to lose nothing. So I think its most reasonable to give me the chance to personally contact you to verify your identity. I am tired of arguing back and forth about something very obvious. If you cannot submit your contact info then say so clearly. But I am not willing to carry on with a pathetic debate about the exchange of the most basic contact information. I had time for this during the past weekend but I am too busy for this during the week. Please CLEARLY state where you stand. Thanks.