Day trading is for suckers?

Discussion in 'Trading' started by qlai, Nov 20, 2019.

  1. Never thought of this, I've had a $40K day recently. So you're saying I could get ad revenue and make that a $40K+0.03c day?
     
    #21     Nov 21, 2019
    JesseJamesFinn1 and qlai like this.
  2. qlai

    qlai

    He is running a chat room. I think we are in a new era of trading education. Yeah, you need to figure out for yourself who is fake and who is not. All of the above points people can argue, but does anyone argue that this was not a trade done in real time? Was it luck? Was it reckless? I have no problem with people running side businesses. I have no problems with people marketing their businesses even if they go a bit overboard to attract new clients. Bottom line - do you trade and can you teach? Very few can and even fewer care to do both. I really don't understand why everyone who is willing to teach is automatically a scam artist.

     
    #22     Nov 21, 2019
  3. Real Money

    Real Money

    Day trading using really advanced techniques is not for suckers. In fact it's so hard that bad traders better stay away from leverage and stick to swinging 1 lots.............

    If you don't know what the yield curve is, what index arbitrage and program trading are, or how the institutions rotate funds, what an index spread is, then you better stay away.........
     
    #23     Nov 21, 2019
  4. maxinger

    maxinger


    It is the other way round.

    Day trading uses simple techniques and simple mathematics like + - * /.
    capital needed is low due to its high leverage.
    I have zero idea about yield curve, about index arbitrage and program trading.

    I have no idea how institutions rotate funds & what index spread is.

    My charts are very simple. It has no indicator. just simple candlesticks.
    But I tried very very very hard.
    I lost thousands and thousands and thousands of dollars,
    and I took many many many years to develop my holy grail.
    and I ended up with simple trading system.
     
    #24     Nov 21, 2019
    orbit23, Glitch, qlai and 2 others like this.
  5. Real Money

    Real Money

    That's because you are a master trader Max! You have traded when ES was 1800!
     
    #25     Nov 21, 2019
  6. The key term is not "willing"; I don't think anyone would have a problem with that. It's whether they're able to teach what they promise (or perhaps, more precisely, what they imply.) If you wanted to make a bet on the guy in the video being able to teach you how to trade profitably, I'm sure you'd find many people here who'd be willing to fade you.
     
    #26     Nov 21, 2019
    Erv Jus Soli likes this.
  7. kandlekid

    kandlekid

    How does a stock go from $17 to $108 in two days? Reminds me of the dot com days.
     
    #27     Nov 21, 2019
  8. Real Money

    Real Money

    #28     Nov 21, 2019
  9. kandlekid

    kandlekid

    Triples is $51. Incredible short squeeze? I don't think so, 194K shares short vs 9M float.
     
    #29     Nov 21, 2019
  10. Real Money

    Real Money

    The stock rallied in the pre-market and opened near $36.00, tripled in active trading.....
     
    #30     Nov 21, 2019