Day Trading for a Living?

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
Locked
Topic Author
targetconfusion
Posts: 39
Joined: Sun Aug 12, 2018 1:02 pm

Day Trading for a Living?

Post by targetconfusion » Wed Sep 11, 2019 3:20 pm

This will come as difficult news to this community, but according to this paper, basically nobody makes money day trading.

Available at:
https://papers.ssrn.com/sol3/papers.cfm ... id=3423101
(access requires signup but no payment)

"We observe all individuals who began to day trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms of volume in the world, and persisted for at least 300 days: 97% of them lost money, only 0.4% earned more than a bank teller (US$54 per day), and the top individual earned only US$310 per day with great risk (a standard deviation of US$2,560). Additionally, we find no evidence of learning by day trading."

User avatar
willthrill81
Posts: 12792
Joined: Thu Jan 26, 2017 3:17 pm
Location: USA

Re: Day Trading for a Living?

Post by willthrill81 » Wed Sep 11, 2019 3:22 pm

I'm not at all surprised. I've known a couple of individuals who did it for a while but then quit because they either made no money or else lost too much.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

sd323232
Posts: 109
Joined: Thu Jun 21, 2018 4:45 pm

Re: Day Trading for a Living?

Post by sd323232 » Wed Sep 11, 2019 3:28 pm

targetconfusion wrote:
Wed Sep 11, 2019 3:20 pm
This will come as difficult news to this community, but according to this paper, basically nobody makes money day trading.

Available at:
https://papers.ssrn.com/sol3/papers.cfm ... id=3423101
(access requires signup but no payment)

"We observe all individuals who began to day trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms of volume in the world, and persisted for at least 300 days: 97% of them lost money, only 0.4% earned more than a bank teller (US$54 per day), and the top individual earned only US$310 per day with great risk (a standard deviation of US$2,560). Additionally, we find no evidence of learning by day trading."
Day trading is gambling.

User avatar
dwickenh
Posts: 1718
Joined: Sun Jan 04, 2015 9:45 pm
Location: Illinois

Re: Day Trading for a Living?

Post by dwickenh » Wed Sep 11, 2019 3:32 pm

The article will not stop the few that constantly brag on how they beat the market daily with trading individual stocks, options,
puts,I and any other instrument they can name.

My take on it is that if you can score big and get out, you have a chance. The same is true of gambling, but how many really get out
before losing all they won and more.

Dan
The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people.” | — Warren Buffett

Simple Simon
Posts: 106
Joined: Sat Apr 26, 2014 4:37 am

Re: Day Trading for a Living?

Post by Simple Simon » Wed Sep 11, 2019 3:38 pm

A bunch of people buying and selling the same stuff to each other? Unsurprising that The House is the only winner.

Hockey10
Posts: 558
Joined: Wed Aug 24, 2016 12:20 pm
Location: Philadelphia suburbs

Re: Day Trading for a Living?

Post by Hockey10 » Wed Sep 11, 2019 4:01 pm

I am shocked :shock: shocked :shock: that day traders lose money. Who would have thought?

RadAudit
Posts: 3521
Joined: Mon May 26, 2008 10:20 am
Location: Second star on the right and straight on 'til morning

Re: Day Trading for a Living?

Post by RadAudit » Wed Sep 11, 2019 4:07 pm

I guess I'm showing my age. But didn't the US go through a day trading binge a few years ago? 1999 - 2000? IIRC, there were a few articles about folks shooting up day trading parlors when they found out they lost a lot of money.

Probably not an activity one would like to participate in in the presence of highly stressed individuals.
FI is the best revenge. LBYM. Invest the rest. Stay the course. - PS: The cavalry isn't coming, kids. You are on your own.

rich126
Posts: 654
Joined: Thu Mar 01, 2018 4:56 pm

Re: Day Trading for a Living?

Post by rich126 » Wed Sep 11, 2019 4:14 pm

RadAudit wrote:
Wed Sep 11, 2019 4:07 pm
I guess I'm showing my age. But didn't the US go through a day trading binge a few years ago? 1999 - 2000? IIRC, there were a few articles about folks shooting up day trading parlors when they found out they lost a lot of money.

Probably not an activity one would like to participate in in the presence of highly stressed individuals.
Yup. I knew a guy who wrote a book on day trading. I'll give you my summary "If the market is constantly going up, day trading is easy" :D

Lets just say once the crash occurred he had to get a real job.

JoeRetire
Posts: 2992
Joined: Tue Jan 16, 2018 2:44 pm

Re: Day Trading for a Living?

Post by JoeRetire » Wed Sep 11, 2019 4:22 pm

sd323232 wrote:
Wed Sep 11, 2019 3:28 pm
targetconfusion wrote:
Wed Sep 11, 2019 3:20 pm
This will come as difficult news to this community, but according to this paper, basically nobody makes money day trading.

Available at:
https://papers.ssrn.com/sol3/papers.cfm ... id=3423101
(access requires signup but no payment)

"We observe all individuals who began to day trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms of volume in the world, and persisted for at least 300 days: 97% of them lost money, only 0.4% earned more than a bank teller (US$54 per day), and the top individual earned only US$310 per day with great risk (a standard deviation of US$2,560). Additionally, we find no evidence of learning by day trading."
Day trading is gambling.
And some people gamble for a living.

bhsince87
Posts: 2478
Joined: Thu Oct 03, 2013 1:08 pm

Re: Day Trading for a Living?

Post by bhsince87 » Wed Sep 11, 2019 4:22 pm

It's hard to make a profit making trading decisions every few minutes or hours, when you're up against computers making such decisions in nanoseconds.

Back in the late 90's, I told my day trading friends that I was content to be a "years trader". And it worked out much better for me!
"If ye love wealth better than liberty, the tranquility of servitude better than the animating contest of freedom, go home from us in peace." Samuel Adams

mindboggling
Posts: 291
Joined: Sat Sep 06, 2014 6:35 pm
Location: Upstate NY

Re: Day Trading for a Living?

Post by mindboggling » Wed Sep 11, 2019 4:28 pm

RadAudit wrote:
Wed Sep 11, 2019 4:07 pm


"If the market is constantly going up, day trading is easy" :D

If the market is constantly going up, buying and holding is easy, too.
In broken mathematics, We estimate our prize, --Emily Dickinson

RandomWord
Posts: 68
Joined: Tue Jun 18, 2019 1:12 pm

Re: Day Trading for a Living?

Post by RandomWord » Wed Sep 11, 2019 4:30 pm

I'm surprised that the Brazilian equity futures market is third in terms of volume in the world. How does that work? I would have thought they'd be way further down. I wonder if Brazil is just a hot spot for day traders.

sixtyforty
Posts: 355
Joined: Tue Nov 25, 2014 12:22 pm
Location: USA

Re: Day Trading for a Living?

Post by sixtyforty » Wed Sep 11, 2019 4:38 pm

Many years ago when I was interested in trading, I joined a trading competition where they gave you like $100K as starting capital (no real money was used) and three months time limit. As luck would have it, I got busy with my regular job and for two months forgot about it, not making any trades or even logging in. Then one day, I remembered about the competition and logged in to check my account. To my surprise, I was in the top 10 ! I couldn't figure it out at first but then I realized that most everyone that was trading was losing money.
"Simplicity is the ultimate sophistication" - Leonardo Da Vinci

CurlyDave
Posts: 1199
Joined: Thu Jul 28, 2016 11:37 am

Re: Day Trading for a Living?

Post by CurlyDave » Wed Sep 11, 2019 4:39 pm

bhsince87 wrote:
Wed Sep 11, 2019 4:22 pm

...Back in the late 90's, I told my day trading friends that I was content to be a "years trader". And it worked out much better for me!
For several decades I have told people that I do not know any "get rich quick" plans that work, but that I do know a surefire "get rich slowly" plan.

So far not one, out of several dozen, has taken me up on my offer to show them.

User avatar
FIREchief
Posts: 3495
Joined: Fri Aug 19, 2016 6:40 pm

Re: Day Trading for a Living?

Post by FIREchief » Wed Sep 11, 2019 4:52 pm

(deleted)
Last edited by FIREchief on Wed Sep 11, 2019 7:25 pm, edited 1 time in total.
I am not a lawyer, accountant or financial advisor. Any advice or suggestions that I may provide shall be considered for entertainment purposes only.

User avatar
FIREchief
Posts: 3495
Joined: Fri Aug 19, 2016 6:40 pm

Re: Day Trading for a Living?

Post by FIREchief » Wed Sep 11, 2019 4:53 pm

mindboggling wrote:
Wed Sep 11, 2019 4:28 pm
RadAudit wrote:
Wed Sep 11, 2019 4:07 pm


"If the market is constantly going up, day trading is easy" :D

If the market is constantly going up, buying and holding is easy, too.
Yeah, but day trading makes a person feel like they've earned it! :sharebeer
I am not a lawyer, accountant or financial advisor. Any advice or suggestions that I may provide shall be considered for entertainment purposes only.

User avatar
1789
Posts: 28
Joined: Fri Aug 16, 2019 3:31 pm
Location: OR

Re: Day Trading for a Living?

Post by 1789 » Wed Sep 11, 2019 5:06 pm

It is interesting to see a topic almost everyone on the forum agrees on :sharebeer

Moland
Posts: 9
Joined: Fri Sep 06, 2019 1:33 pm
Location: Wisconsin

Re: Day Trading for a Living?

Post by Moland » Wed Sep 11, 2019 5:29 pm

My brother in law lost $91,000.00 in less then a year day trading. I know another day trader who is making a living at it but can't explain how to do it, mostly by feel. He trades for about four hours and studies the markets for eight more hours per day. He built a tunnel he lays in with five screens going at once. I think he has a peanut butter jar to go to the John in. Sound like a job you would like?

pdavi21
Posts: 1188
Joined: Sat Jan 30, 2016 4:04 pm

Re: Day Trading for a Living?

Post by pdavi21 » Wed Sep 11, 2019 5:34 pm

Articles like this are misleading. The overwhelming majority lose, but this is overkill. I actually know a day trading millionaire, and I bet some of you all do too.

zztr87
Posts: 40
Joined: Sun May 08, 2016 11:01 pm

Re: Day Trading for a Living?

Post by zztr87 » Wed Sep 11, 2019 5:35 pm

FIREchief wrote:
Wed Sep 11, 2019 4:52 pm
targetconfusion wrote:
Wed Sep 11, 2019 3:20 pm
This will come as difficult news to this community, but according to this paper, basically nobody makes money day trading.
Why on earth would you think that this would be "difficult news" to the Boglehead community? Day trading is about as far away from Bogleheaded that a person can get. :confused
I think the OP was just being sarcastic.

:)

Spirit Rider
Posts: 11216
Joined: Fri Mar 02, 2007 2:39 pm

Re: Day Trading for a Living?

Post by Spirit Rider » Wed Sep 11, 2019 5:48 pm

JoeRetire wrote:
Wed Sep 11, 2019 4:22 pm
And some people gamble for a living.
And very very few of them even make a median income for a single year, let alone over any extended time period.

User avatar
whodidntante
Posts: 6153
Joined: Thu Jan 21, 2016 11:11 pm
Location: outside the echo chamber

Re: Day Trading for a Living?

Post by whodidntante » Wed Sep 11, 2019 5:52 pm

zztr87 wrote:
Wed Sep 11, 2019 5:35 pm
I think the OP was just being sarcastic.
Yes, I've noticed that this site is no good at detecting sarcasm.

User avatar
whodidntante
Posts: 6153
Joined: Thu Jan 21, 2016 11:11 pm
Location: outside the echo chamber

Re: Day Trading for a Living?

Post by whodidntante » Wed Sep 11, 2019 5:53 pm

Spirit Rider wrote:
Wed Sep 11, 2019 5:48 pm
JoeRetire wrote:
Wed Sep 11, 2019 4:22 pm
And some people gamble for a living.
And very very few of them even make a median income for a single year, let alone over any extended time period.
Possibly true, but they do make the income they make that way. :P

User avatar
FIREchief
Posts: 3495
Joined: Fri Aug 19, 2016 6:40 pm

Re: Day Trading for a Living?

Post by FIREchief » Wed Sep 11, 2019 6:09 pm

zztr87 wrote:
Wed Sep 11, 2019 5:35 pm
FIREchief wrote:
Wed Sep 11, 2019 4:52 pm
targetconfusion wrote:
Wed Sep 11, 2019 3:20 pm
This will come as difficult news to this community, but according to this paper, basically nobody makes money day trading.
Why on earth would you think that this would be "difficult news" to the Boglehead community? Day trading is about as far away from Bogleheaded that a person can get. :confused
I think the OP was just being sarcastic.

:)
:oops: Internet...... :D
I am not a lawyer, accountant or financial advisor. Any advice or suggestions that I may provide shall be considered for entertainment purposes only.

sd323232
Posts: 109
Joined: Thu Jun 21, 2018 4:45 pm

Re: Day Trading for a Living?

Post by sd323232 » Wed Sep 11, 2019 6:20 pm

rich126 wrote:
Wed Sep 11, 2019 4:14 pm
RadAudit wrote:
Wed Sep 11, 2019 4:07 pm
I guess I'm showing my age. But didn't the US go through a day trading binge a few years ago? 1999 - 2000? IIRC, there were a few articles about folks shooting up day trading parlors when they found out they lost a lot of money.

Probably not an activity one would like to participate in in the presence of highly stressed individuals.
Yup. I knew a guy who wrote a book on day trading. I'll give you my summary "If the market is constantly going up, day trading is easy" :D

Lets just say once the crash occurred he had to get a real job.
Are you talking about Joey Anuff and Gary Wolf and their book dumb money? The book is my all time fav!

Small Savanna
Posts: 95
Joined: Sat Feb 09, 2019 2:27 am

Re: Day Trading for a Living?

Post by Small Savanna » Wed Sep 11, 2019 6:58 pm

This is only slightly more surprising than discovering nobody makes a living playing Bingo or buying scratch tickets.

JoeRetire
Posts: 2992
Joined: Tue Jan 16, 2018 2:44 pm

Re: Day Trading for a Living?

Post by JoeRetire » Wed Sep 11, 2019 6:59 pm

Moland wrote:
Wed Sep 11, 2019 5:29 pm
My brother in law lost $91,000.00 in less then a year day trading. I know another day trader who is making a living at it but can't explain how to do it, mostly by feel. He trades for about four hours and studies the markets for eight more hours per day. He built a tunnel he lays in with five screens going at once. I think he has a peanut butter jar to go to the John in. Sound like a job you would like?
Sounds like fun. But I don't have an empty peanut butter jar. Oh well.

JoeRetire
Posts: 2992
Joined: Tue Jan 16, 2018 2:44 pm

Re: Day Trading for a Living?

Post by JoeRetire » Wed Sep 11, 2019 7:00 pm

Spirit Rider wrote:
Wed Sep 11, 2019 5:48 pm
JoeRetire wrote:
Wed Sep 11, 2019 4:22 pm
And some people gamble for a living.
And very very few of them even make a median income for a single year, let alone over any extended time period.
I agree.

JoeRetire
Posts: 2992
Joined: Tue Jan 16, 2018 2:44 pm

Re: Day Trading for a Living?

Post by JoeRetire » Wed Sep 11, 2019 7:02 pm

Small Savanna wrote:
Wed Sep 11, 2019 6:58 pm
This is only slightly more surprising than discovering nobody makes a living playing Bingo or buying scratch tickets.
I do know a few people that work hard at it, though.

sambb
Posts: 2562
Joined: Sun Mar 10, 2013 3:31 pm

Re: Day Trading for a Living?

Post by sambb » Wed Sep 11, 2019 7:07 pm

So day trading doesnt work, but invest lump sum now because generally the market goes up most of the time...
And past performance cant indicate future results

JoeRetire
Posts: 2992
Joined: Tue Jan 16, 2018 2:44 pm

Re: Day Trading for a Living?

Post by JoeRetire » Wed Sep 11, 2019 7:24 pm

sambb wrote:
Wed Sep 11, 2019 7:07 pm
So day trading doesnt work, but invest lump sum now because generally the market goes up most of the time...
And past performance cant indicate future results
Right on all counts.

User avatar
MNGopher
Posts: 420
Joined: Tue Jun 16, 2015 1:44 pm
Location: Minnesota

Re: Day Trading for a Living?

Post by MNGopher » Wed Sep 11, 2019 7:37 pm

The way to become a millionaire day trading is to start with 2 million.

User avatar
JoMoney
Posts: 7400
Joined: Tue Jul 23, 2013 5:31 am

Re: Day Trading for a Living?

Post by JoMoney » Wed Sep 11, 2019 7:48 pm

I've known several people that 'day traded' for a living (briefly... before crashing and burning).
Some were trading stock options, others forex, some traded mean-reversion strategies some momentum/trend following, the one thing they all had in common was to make it worth their time they had to leverage it up. Even if they had some advantage in their 'trading' (and I doubt there was any legitimate advantage) the amount of leverage they were using made their demise inevitable.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

User avatar
ThereAreNoGurus
Posts: 302
Joined: Fri Jan 24, 2014 11:41 pm

Re: Day Trading for a Living?

Post by ThereAreNoGurus » Wed Sep 11, 2019 9:02 pm

There was/is a poster on this board (username gsmith, if I correctly recall) who traded for a living and published a book in 2000 titled, "How I Trade for a Living."

From the book jacket: "Gary Smith was bitten by the trading bug at the age of fourteen, and ever since he's thought of little else other than how to make a fortune as a home-based trader. He bought his first stock in 1966, when he was just a college sophomore, and then spent the next two decades unsuccessfully chasing his childhood dream."

"Finally, in 1985, nearly bankrupt and ready to quit, Gary Smith had an epiphany that changed everything--and since then he hasn't had a losing year and rarely even a losing month. His trading account has mushroomed from $2,200 to nearly $1 million..."
Trade the news and you will lose.

User avatar
Stinky
Posts: 1738
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: Day Trading for a Living?

Post by Stinky » Wed Sep 11, 2019 10:11 pm

ThereAreNoGurus wrote:
Wed Sep 11, 2019 9:02 pm
There was/is a poster on this board (username gsmith, if I correctly recall) who traded for a living and published a book in 2000 titled, "How I Trade for a Living."

From the book jacket: "Gary Smith was bitten by the trading bug at the age of fourteen, and ever since he's thought of little else other than how to make a fortune as a home-based trader. He bought his first stock in 1966, when he was just a college sophomore, and then spent the next two decades unsuccessfully chasing his childhood dream."

"Finally, in 1985, nearly bankrupt and ready to quit, Gary Smith had an epiphany that changed everything--and since then he hasn't had a losing year and rarely even a losing month. His trading account has mushroomed from $2,200 to nearly $1 million..."
From a review of Gary Smith’s book I found on line:

“The book should be seen as a classic whose advice has for the most part not survived the test of time.”

Who would have thought? :oops:
It's a GREAT day to be alive - Travis Tritt

FIREmeup
Posts: 48
Joined: Thu Jun 15, 2017 4:00 pm

Re: Day Trading for a Living?

Post by FIREmeup » Wed Sep 11, 2019 10:51 pm

I am a proprietary trader going on 13 years. Basically a day trader. The discipline needed to sit there for 7 hours a day is hard to come by. If you make a mistake you are severely punished. It has gotten harder over the years. Some people at my firm make intergenerational amounts of money. Many make a very good sum of money especially for the 6.5 hours the market is open.

There are opportunities second to second and minute to minute. Very few are successful multi day holders. Slowly over my time there nearly all traders have put their retirement money in indexes. After losing too much picking stocks for long and medium term. Long term there is no way to beat the market. Short term with a lot of determination and discipline and special tools there is money to be made. Could I replicate what I do sitting at home on Ameritrade or Vanguard? No way in the world.

I used to think I would make money at my firm then semi retire at 30 and just manage my own money. Haha.

It is toug. I had my best year then earned a 70% pay cut the following year, then another 30% paycut the following year.

At my firm I would say 10% do astronomically well. About 20% do very well. Another 20% are above average where they would be at another job and the rest are struggling.

I hate my job so much and I love it so much. And yes it is gambling 100%. I used to like gambling, playing poker and blackjack. I haven't now for 10 years, guess I do enough of it all week. My firm is very specialized and it is probably one of the top performing firms I've heard of as I've had many friends try other prop firms and when comparing notes, most have the 90 to 95% failure rate.

Northern Flicker
Posts: 4594
Joined: Fri Apr 10, 2015 12:29 am

Re: Day Trading for a Living?

Post by Northern Flicker » Wed Sep 11, 2019 11:18 pm

This will come as difficult news to this community, but according to this paper, basically nobody makes money day trading.
What is difficult about news reporting something most of us already knew?
Risk is not a guarantor of return.

User avatar
Raymond
Posts: 1426
Joined: Mon Apr 16, 2012 6:04 am

Re: Day Trading for a Living?

Post by Raymond » Thu Sep 12, 2019 12:12 am

Northern Flicker wrote:
Wed Sep 11, 2019 11:18 pm
This will come as difficult news to this community, but according to this paper, basically nobody makes money day trading.
What is difficult about news reporting something most of us already knew?
You missed the OP's sarcasm discussion a few posts up.
"Ritter, Tod und Teufel"

User avatar
ThereAreNoGurus
Posts: 302
Joined: Fri Jan 24, 2014 11:41 pm

Re: Day Trading for a Living?

Post by ThereAreNoGurus » Thu Sep 12, 2019 12:36 am

Stinky wrote:
Wed Sep 11, 2019 10:11 pm
ThereAreNoGurus wrote:
Wed Sep 11, 2019 9:02 pm
There was/is a poster on this board (username gsmith, if I correctly recall) who traded for a living and published a book in 2000 titled, "How I Trade for a Living."

From the book jacket: "Gary Smith was bitten by the trading bug at the age of fourteen, and ever since he's thought of little else other than how to make a fortune as a home-based trader. He bought his first stock in 1966, when he was just a college sophomore, and then spent the next two decades unsuccessfully chasing his childhood dream."

"Finally, in 1985, nearly bankrupt and ready to quit, Gary Smith had an epiphany that changed everything--and since then he hasn't had a losing year and rarely even a losing month. His trading account has mushroomed from $2,200 to nearly $1 million..."
From a review of Gary Smith’s book I found on line:

“The book should be seen as a classic whose advice has for the most part not survived the test of time.”

Who would have thought? :oops:
haha... but, but... "for the most part..." so maybe there is still hope! :D
Trade the news and you will lose.

Northern Flicker
Posts: 4594
Joined: Fri Apr 10, 2015 12:29 am

Re: Day Trading for a Living?

Post by Northern Flicker » Thu Sep 12, 2019 12:37 am

Raymond wrote:
Thu Sep 12, 2019 12:12 am
Northern Flicker wrote:
Wed Sep 11, 2019 11:18 pm
This will come as difficult news to this community, but according to this paper, basically nobody makes money day trading.
What is difficult about news reporting something most of us already knew?
You missed the OP's sarcasm discussion a few posts up.
I don’t see any other postings by the OP in this thread.
Risk is not a guarantor of return.

User avatar
4nursebee
Posts: 1307
Joined: Sun Apr 01, 2012 7:56 am
Location: US

Re: Day Trading for a Living?

Post by 4nursebee » Thu Sep 12, 2019 2:56 am

Is this thread actionable?
Is there any point in discussing this?
4nursebee

User avatar
TomatoTomahto
Posts: 9247
Joined: Mon Apr 11, 2011 1:48 pm

Re: Day Trading for a Living?

Post by TomatoTomahto » Thu Sep 12, 2019 5:03 am

FIREmeup wrote:
Wed Sep 11, 2019 10:51 pm
At my firm I would say 10% do astronomically well. About 20% do very well. Another 20% are above average where they would be at another job and the rest are struggling.

I hate my job so much and I love it so much. And yes it is gambling 100%. I used to like gambling, playing poker and blackjack. I haven't now for 10 years, guess I do enough of it all week. My firm is very specialized and it is probably one of the top performing firms I've heard of as I've had many friends try other prop firms and when comparing notes, most have the 90 to 95% failure rate.
@FIREmeup, to the extent you feel comfortable, are you willing to expand your description of the job? I think it’s fascinating.
Okay, I get it; I won't be political or controversial. The Earth is flat.

wootwoot
Posts: 377
Joined: Tue Jan 27, 2009 7:37 pm

Re: Day Trading for a Living?

Post by wootwoot » Thu Sep 12, 2019 5:06 am

4nursebee wrote:
Thu Sep 12, 2019 2:56 am
Is this thread actionable?
Is there any point in discussing this?
Maybe if you're interested in getting into the high stakes of the Brazilian equity futures market... This study is so narrowly focused I also question what value it brings to a discussion.

User avatar
oldcomputerguy
Moderator
Posts: 5631
Joined: Sun Nov 22, 2015 6:50 am
Location: In the middle of five acres of woods in East Tennessee

Re: Day Trading for a Living?

Post by oldcomputerguy » Thu Sep 12, 2019 5:40 am

This topic has run its course (topic exhausted) and has been locked. See Locked Topics:
Moderators or site admins may lock a topic (set it so no more replies may be added) when a violation of posting policy has occurred. Occasionally, even if there are no overt violations of posting policy, a topic (or thread) will reach a point where the information content of the discussion has been essentially exhausted and further replies are much more likely to cause distress to the community than add anything of value.
"I’ve come around to this: If you’re dumb, surround yourself with smart people; and if you’re smart, surround yourself with smart people who disagree with you." (Aaron Sorkin)

User avatar
LadyGeek
Site Admin
Posts: 56458
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: Day Trading for a Living?

Post by LadyGeek » Thu Sep 12, 2019 12:26 pm

Upon further review, this thread will remain locked - discussion is not productive, derailed in several directions.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

Locked