If a trader trades pairs, futures or options spreads, basis, inter and intra-market correlations, and all other manner of hedged 'delta-neutral' -type positions, you will never have the kinds of days that your flat price friends will have from time-to-time. And that's a double-edged sword that cuts both ways. Accept it and move on. Why do you think LTCM was so wildly over-leveraged? To get Soros-like returns for their investors. But you have a true strategy... you have an 'edge'. You have a very specific set of requirements for taking a trade, and you minimize your risk. And most traders don't have that, despite what they think. Most flat-price equity traders these days would kill for $120K in net income per year. That's a great living by any white-collar standard. So grind out that $500 per day and take anything extra as gravy. With that kind of attitude, you'll be surpised what you can take from the markets. Trust me on this one.
actually, that statement right there is complete BS. it's true that, if you daytrade, you do attempt to make that particular day a winner -- ie, you are obviously not attempting to lose money on any one day but if you are gonna tailor the way you trade just to make it easier for you to be able to make some money every day, i regard that as a complete loser's game. and the reason that is that, over the long run, by being so insistent on making it every day, you won't make as much as if you were prepared to make less, or, (gulp) even lose, on the worse days. (and i'm not talking about psychology here -- i'm referring to the long run expectancy of the methods)
you can't make money every day, or every week, or every month. Every newbie thinks they can make money every month and their unrealistic expectations are fed by shysters all the time. Eventually they learn or go broke, or just give up.
great attempts...no fills... one serious fake out... chillin' ok...finally. made the quota. they're still pushin'... cya this was a study in not losing my cool. man did i leave serious chips on the table.
Just because you can't do it doesn't mean it can't be done. I sit with guys who are net positive EVERY single day and I'm getting there. Keep your unfounded generalities to yourself.
PERIOD! I have been working my ass off... trying to catch as much as possible without getting my head handed to me on any large sudden reversal. These are the moves that make a year! And the epitome of great trading for any position trader on this board... would be to ride it back down... from the next reversal top... Probably gotta be early again; and then add on. But it will be there... 90% certain. Just keep stalking. G'luck bros. ETs... Iceman