Day Traders - where you at?

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  • 7k USD
    Confirmed User
    • Jun 2016
    • 129
    #1

    Day Traders - where you at?

    Anyone here making $ with Day Trading Currency?
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    Tags: currency, day, traders, trading
    • AmateurFlix
      Confirmed User
      • Jul 2004
      • 7762
      #2
      never again, lol. and I broke even.

        Comment

        • 7k USD
          Confirmed User
          • Jun 2016
          • 129
          #3
          Originally posted by AmateurFlix
          never again, lol. and I broke even.


          Ah damn, but at least you didn't lose so that's good.
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            Comment

            • AmateurFlix
              Confirmed User
              • Jul 2004
              • 7762
              #4
              a friend of mine got into it and claimed to have some early success; I did plenty of research and gave it a very serious, dedicated effort for about 9 months, but I couldn't get ahead in the long term. my friend, who wound up getting so involved with it he later began coaching others, eventually quit day trading due to "the fees eating up my profits." So evidently it wasn't profitable for him either.

              I think the notion of any long term (year to year) profitability from day trading on a home pc over dial-up is just a pipe dream used to sell day trading courses. You're competing against firms with fast computers and algorithms written in C, with the hardware located as close to the trading floor as possible to minimize response times. Running TradeStation on a home pc via DSL/cable just isn't competitive.

                Comment

                • OneHungLo
                  So Fucking Banned
                  • May 2001
                  • 40906
                  #5
                  A very good friend of mine owns a forex brokerage and he would show me all these accounts and how fast the brokers would just drain them. He told me in 20 yrs he's never seen anyone make any money. They all lose. That's why when crucifissio tells me he's day trading bitcoin and making bank I just laugh.

                    Comment

                    • BaldBastard
                      Too lazy to set a custom title
                      • Jan 2001
                      • 16816
                      #6
                      I day trade HSX.com

                        Comment

                        • pimpmaster9000
                          Too lazy to set a custom title
                          • Dec 2011
                          • 26732
                          #7
                          Originally posted by OneHungLo
                          A very good friend of mine owns a forex brokerage and he would show me all these accounts and how fast the brokers would just drain them. He told me in 20 yrs he's never seen anyone make any money. They all lose. That's why when crucifissio tells me he's day trading bitcoin and making bank I just laugh.
                          And I am still looking for a nice carribean location to build my hotel...I am going to barbados soon and then to stvincent&grenadines...
                          Report a suspicious cracker: Click Here

                            Comment

                            • grzepa
                              Confirmed User
                              • Jul 2004
                              • 1263
                              #8
                              HODL not trade for me
                              Like X-ART !!

                                Comment

                                • jscott
                                  jscizzle
                                  • Feb 2001
                                  • 25415
                                  #9
                                  Originally posted by OneHungLo
                                  A very good friend of mine owns a forex brokerage and he would show me all these accounts and how fast the brokers would just drain them. He told me in 20 yrs he's never seen anyone make any money. They all lose. That's why when crucifissio tells me he's day trading bitcoin and making bank I just laugh.
                                  well that's just dumb, are you for realz?

                                  we have a few options here:

                                  1. you and/or your friends data is wrong or skewed and ya'll are absolutely retarded for believing it.

                                  2. refer to 1.

                                  If you think tough men are dangerous, wait until you see what weak men are capable of.
                                  - Jordan B. Peterson
                                  Listen to Pomp tell why is Bitcoin important

                                    Comment

                                    • Ferus
                                      Bye - Left to do stuff
                                      • Feb 2013
                                      • 4108
                                      #10
                                      Forgot currency - stick with stocks
                                      This is todays results

                                        Comment

                                        • Klen
                                          • Aug 2006
                                          • 32235
                                          #11
                                          Originally posted by jscott
                                          well that's just dumb, are you for realz?

                                          we have a few options here:

                                          1. you and/or your friends data is wrong or skewed and ya'll are absolutely retarded for believing it.

                                          2. refer to 1.

                                          Well , he is not far from true, FOREX is something where people mostly lose money. Tho, crypto is better due volatility paradox, where you can make money much faster.

                                            Comment

                                            • OneHungLo
                                              So Fucking Banned
                                              • May 2001
                                              • 40906
                                              #12
                                              Originally posted by jscott
                                              well that's just dumb, are you for realz?

                                              we have a few options here:

                                              1. you and/or your friends data is wrong or skewed and ya'll are absolutely retarded for believing it.

                                              2. refer to 1.

                                              You must be confused. I'm not talking about buying bitcoins. I like cryptos. I'm talking about FOREX trading which has crazy risks.

                                                Comment

                                                • OneHungLo
                                                  So Fucking Banned
                                                  • May 2001
                                                  • 40906
                                                  #13
                                                  Originally posted by KlenTelaris
                                                  Well , he is not far from true, FOREX is something where people mostly lose money. Tho, crypto is better due volatility paradox, where you can make money much faster.
                                                  FOREX is a losers game. Like 99% lose money and if you give them enough time that 1% will lose it too. The only people that make money are banks and brokerage firms. He just hears currency trading and thinks cryptocurrencies not realizing FOREX is the biggest market in the world trading 5 TRILLION daily.

                                                  Day trading anything is hard. If it was easy, casinos wouldn't be in business.

                                                    Comment

                                                    • pornguy
                                                      Too lazy to set a custom title
                                                      • Mar 2003
                                                      • 62912
                                                      #14
                                                      Money trading is a long term thing to really profit. Not a day thing.

                                                      And you need a large amount that you can risk. Im talking 100K or more.
                                                      PornGuy skype me pornguy_epic

                                                      AmateurDough The Hottes Shemales online!
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                                                        Comment

                                                        • 7k USD
                                                          Confirmed User
                                                          • Jun 2016
                                                          • 129
                                                          #15
                                                          Originally posted by AmateurFlix
                                                          a friend of mine got into it and claimed to have some early success; I did plenty of research and gave it a very serious, dedicated effort for about 9 months, but I couldn't get ahead in the long term. my friend, who wound up getting so involved with it he later began coaching others, eventually quit day trading due to "the fees eating up my profits." So evidently it wasn't profitable for him either.

                                                          I think the notion of any long term (year to year) profitability from day trading on a home pc over dial-up is just a pipe dream used to sell day trading courses. You're competing against firms with fast computers and algorithms written in C, with the hardware located as close to the trading floor as possible to minimize response times. Running TradeStation on a home pc via DSL/cable just isn't competitive.

                                                          similar experience from my friend, 6 figures+, long term 1.5+ year no profits still not ahead. About your guy - you know what they say
                                                          Those who can do. Those who can't teach.
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                                                            Comment

                                                            • 7k USD
                                                              Confirmed User
                                                              • Jun 2016
                                                              • 129
                                                              #16
                                                              Originally posted by OneHungLo
                                                              A very good friend of mine owns a forex brokerage and he would show me all these accounts and how fast the brokers would just drain them. He told me in 20 yrs he's never seen anyone make any money. They all lose. That's why when crucifissio tells me he's day trading bitcoin and making bank I just laugh.


                                                              crazy
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                                                              Click here sign up & contact me to make more $ !

                                                                Comment

                                                                • Ferus
                                                                  Bye - Left to do stuff
                                                                  • Feb 2013
                                                                  • 4108
                                                                  #17
                                                                  Originally posted by pornguy
                                                                  Money trading is a long term thing to really profit. Not a day thing.

                                                                  And you need a large amount that you can risk. Im talking 100K or more.

                                                                  WTF are you talking about? Currency shifts maybe 5% over long times, and that is a LOSS.

                                                                  Currency = daytrade
                                                                  Stock = Long + daytrade
                                                                  Options = Long + daytrade
                                                                  Bonds = long

                                                                    Comment

                                                                    • AmateurFlix
                                                                      Confirmed User
                                                                      • Jul 2004
                                                                      • 7762
                                                                      #18
                                                                      Originally posted by Ferus
                                                                      WTF are you talking about? Currency shifts maybe 5% over long times, and that is a LOSS.

                                                                      Currency = daytrade
                                                                      Stock = Long + daytrade
                                                                      Options = Long + daytrade
                                                                      Bonds = long
                                                                      some people do longer term currency trades - days, weeks, months etc. It's not unheard of. I doubt if many are holding for longer than that, or if they are more likely not on margin at a brokerage but just in a bank account somewhere.

                                                                        Comment

                                                                        • OneHungLo
                                                                          So Fucking Banned
                                                                          • May 2001
                                                                          • 40906
                                                                          #19
                                                                          Originally posted by AmateurFlix
                                                                          some people do longer term currency trades - days, weeks, months etc. It's not unheard of. I doubt if many are holding for longer than that, or if they are more likely not on margin at a brokerage but just in a bank account somewhere.
                                                                          Yeah they have currency options and agricultural options (corn, soybeans, soybean oil, soybean meal) etc.

                                                                            Comment

                                                                            • Ferus
                                                                              Bye - Left to do stuff
                                                                              • Feb 2013
                                                                              • 4108
                                                                              #20
                                                                              Originally posted by AmateurFlix
                                                                              some people do longer term currency trades - days, weeks, months etc. It's not unheard of. I doubt if many are holding for longer than that, or if they are more likely not on margin at a brokerage but just in a bank account somewhere.
                                                                              Might not be unheard of, but its the dumbest way you could possibly invest

                                                                                Comment

                                                                                • pornguy
                                                                                  Too lazy to set a custom title
                                                                                  • Mar 2003
                                                                                  • 62912
                                                                                  #21
                                                                                  Originally posted by Ferus
                                                                                  WTF are you talking about? Currency shifts maybe 5% over long times, and that is a LOSS.

                                                                                  Currency = daytrade
                                                                                  Stock = Long + daytrade
                                                                                  Options = Long + daytrade
                                                                                  Bonds = long
                                                                                  If you have an investment of 100K or more you can make some money in a day. if you dont you cant. you need to sit and wait for a big drop or a big gain. Thats in the weeks and months range not hours and minutes.

                                                                                  For instance.

                                                                                  today the mexican peso

                                                                                  Day Low
                                                                                  19.4106

                                                                                  Day High.
                                                                                  19.4146

                                                                                  See that HUGE day difference?? No you dont.

                                                                                  Now look at the year

                                                                                  Low
                                                                                  18.5033

                                                                                  high
                                                                                  20.6574

                                                                                  that is a huge difference. With that, you made bank.
                                                                                  PornGuy skype me pornguy_epic

                                                                                  AmateurDough The Hottes Shemales online!
                                                                                  TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!

                                                                                    Comment

                                                                                    • ilnjscb
                                                                                      Confirmed User
                                                                                      • Jun 2009
                                                                                      • 8974
                                                                                      #22
                                                                                      I love volatility trading, but you must be able to sit at the box all day and keep cool - I can't do it.

                                                                                        Comment

                                                                                        • Ferus
                                                                                          Bye - Left to do stuff
                                                                                          • Feb 2013
                                                                                          • 4108
                                                                                          #23
                                                                                          Originally posted by pornguy
                                                                                          If you have an investment of 100K or more you can make some money in a day. if you dont you cant. you need to sit and wait for a big drop or a big gain. Thats in the weeks and months range not hours and minutes.

                                                                                          For instance.

                                                                                          today the mexican peso

                                                                                          Day Low
                                                                                          19.4106

                                                                                          Day High.
                                                                                          19.4146

                                                                                          See that HUGE day difference?? No you dont.

                                                                                          Now look at the year

                                                                                          Low
                                                                                          18.5033

                                                                                          high
                                                                                          20.6574

                                                                                          that is a huge difference. With that, you made bank.
                                                                                          WTF? 10% a year if you are lucky.. How can you call that huge? Most pensionfunds here pay you more than that, at NO risk. Unless you can make at least 30%, you should not be in the game

                                                                                            Comment

                                                                                            • AmateurFlix
                                                                                              Confirmed User
                                                                                              • Jul 2004
                                                                                              • 7762
                                                                                              #24
                                                                                              Originally posted by Ferus
                                                                                              10% a year if you are lucky.. How can you call that huge? Most pensionfunds here pay you more than that, at NO risk.
                                                                                              where on earth are you located? if true, that is a fantastic yield!

                                                                                                Comment

                                                                                                • Ferus
                                                                                                  Bye - Left to do stuff
                                                                                                  • Feb 2013
                                                                                                  • 4108
                                                                                                  #25
                                                                                                  Originally posted by AmateurFlix
                                                                                                  where on earth are you located? if true, that is a fantastic yield!
                                                                                                  Denmark. Company called Sampension is the best with an average of 12+ a year

                                                                                                    Comment

                                                                                                    • pornguy
                                                                                                      Too lazy to set a custom title
                                                                                                      • Mar 2003
                                                                                                      • 62912
                                                                                                      #26
                                                                                                      Originally posted by Ferus
                                                                                                      WTF? 10% a year if you are lucky.. How can you call that huge? Most pensionfunds here pay you more than that, at NO risk. Unless you can make at least 30%, you should not be in the game
                                                                                                      Invest half a million or more.

                                                                                                      thats what I was saying to begin with. These guys putting in 1k even 5k its not worth it. You need to move big money to make it.
                                                                                                      PornGuy skype me pornguy_epic

                                                                                                      AmateurDough The Hottes Shemales online!
                                                                                                      TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME!

                                                                                                        Comment

                                                                                                        • Ferus
                                                                                                          Bye - Left to do stuff
                                                                                                          • Feb 2013
                                                                                                          • 4108
                                                                                                          #27
                                                                                                          Originally posted by pornguy
                                                                                                          Invest half a million or more.

                                                                                                          thats what I was saying to begin with. These guys putting in 1k even 5k its not worth it. You need to move big money to make it.
                                                                                                          Again, it nothing. Pensionfunds pay more than that.

                                                                                                            Comment

                                                                                                            • CaptainHowdy
                                                                                                              Too lazy to set a custom title
                                                                                                              • Dec 2004
                                                                                                              • 94744
                                                                                                              #28
                                                                                                              I'm just a day dreamer . . .

                                                                                                                Comment

                                                                                                                • SpeedoDave
                                                                                                                  Confirmed User
                                                                                                                  • Sep 2003
                                                                                                                  • 354
                                                                                                                  #29
                                                                                                                  I have a mate in Sydney who does it for a living (with one of the big banks).

                                                                                                                  I'm an options trader myself - love it.

                                                                                                                  Dave
                                                                                                                  I feel old since I started SpeedoFetish.com back in 2001.

                                                                                                                    Comment

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