All, I've been away. Alot has changed since when I was in my heyday. Is it still doable, or is it 100% bs, instead of just 85%, like it was when I roamed the Street as my former self? ...meant to add a poll...
these days its either bull or shit. Burnt a few times being a bear. still doable, but i don't have the mileage to comment concretely.
chasinfla, Yes, it is doable and it is not 100% BS. Traders are making money, you just have to take action.
it is unclear whether there is sarc. if you are a good trader you will adjust to narrower spreads. if not you will grumble how much easier it was in the good ole days.
Let's look at Amazon's avg price rage from the same time of year in 1999 & compare to present. Right chart: AMZN 5min 4-23-2019, Left chart: AMZN 5min 4-23-1999 avg % chg 10 bars (orange) = 0.13% on both charts avg % chg 100 bars (gold) = 0.12% on both charts * no difference in avg intraday price range from 1999 to present Commisions are far less now than in 1999 - you be the judge if day trading is dead, I think it depends on the trader.
It's doable, it's kinda hard, but not when you've got the solution to over come, which might take a decade or 2. Give it a try don't bet the house, the wife maybe, but not the house!!