Is Daytrading dangerous?

biyasc · #**281** 7th December 2007, 10:28 AM

Quote:

Originally Posted by kuriako

But what about the "stress" training that Intra-day gives!
If you think that stress will give you illness, then I must have to be dead by now!

Intra-day trading improves quick decision making, emotional control, stress handling, rapid reaction(reflex), and short lived subjective pleasure and pain!!!

Being sick by overdose is one think and being trained in a DO or Die atmosphere is another thing!

Practice makes things working! Never try a 15 km run, without practicing and increasing the effort day by day!

Most people jump in to intra-day and want to be first in their marathon without any short marathon or practice or training!

Worse is running barefoot(like me working on intra-day with the worst internet connection in the world and data feed from broker forced to TA program!)

With practice, patience and personal desire, intra-day trading is the BEST MENTAL TRAINING any human being can get to improve himself mentally!

Stress is a byproduct of strain! If you are not straining yourself, then there is no place for stress!

If stress is problem for short "human time frame" then why not quarterly or yearly or decade charts!!! We will be living long enough!!!

very well said.

deepsa52 · #**282** 7th December 2007, 03:11 PM

Quote:

Originally Posted by kuriako

God gave us kidney between ears to use it! Not to sell it!

Only simple thing noted! Plotting P/E plot against time is like plotting P against Time!!!

May be a newbie thought! Corrections welcome!

Creating articifial symbols for example creating Sales change or EPS change a quarter or year ago vs now for 3000 different companies with earnings staggered across different days would mean a headache and a maintenance nightmare.

Sorry, Amibroker is not for me
Bye

ratan jain · #**283** 7th December 2007, 03:21 PM

Quote:

Originally Posted by kuriako

But what about the "stress" training that Intra-day gives!
If you think that stress will give you illness, then I must have to be dead by now!

Intra-day trading improves quick decision making, emotional control, stress handling, rapid reaction(reflex), and short lived subjective pleasure and pain!!!

Being sick by overdose is one think and being trained in a DO or Die atmosphere is another thing!

Practice makes things working! Never try a 15 km run, without practicing and increasing the effort day by day!

Most people jump in to intra-day and want to be first in their marathon without any short marathon or practice or training!

Worse is running barefoot(like me working on intra-day with the worst internet connection in the world and data feed from broker forced to TA program!)

With practice, patience and personal desire, intra-day trading is the BEST MENTAL TRAINING any human being can get to improve himself mentally!

Stress is a byproduct of strain! If you are not straining yourself, then there is no place for stress!

If stress is problem for short "human time frame" then why not quarterly or yearly or decade charts!!! We will be living long enough!!!

Kuri darling, u have started but a few months back

Lets talk to u 3 years down the line, doing intraday, with even the best setups!

Maybe u should do as I did... stop intraday

Money is good, activity level is too much
Stress is not there because I know my system, but I have to pay too much attention.

hari09omkar · #**284** 7th December 2007, 03:33 PM

Quote:

Originally Posted by ratan jain

but I have to pay too much attention.

Now what's wrong with paying too much attention,if we r pro?

kuriako · #**285** 7th December 2007, 03:43 PM

Quote:

Originally Posted by deepsa52

Creating articifial symbols for example creating Sales change or EPS change a quarter or year ago vs now for 3000 different companies with earnings staggered across different days would mean a headache and a maintenance nightmare.

Sorry, Amibroker is not for me
Bye

I guess it is not called headache !

It is always called hardwork!

If you need results, hard and smart work is needed

My humble opinion!

sudoku1 · #**286** 7th December 2007, 04:25 PM

Quote:

Originally Posted by kuriako

I guess it is not called headache !

It is always called hardwork!

If you need results, hard and smart work is needed

My humble opinion!

INTRADAY TRADAYING is akin to taking out money from someones pocket without him knowing it....if u have a skill at this hobby......its urs

CreditViolet · #**287** 7th December 2007, 04:38 PM

Quote:

Originally Posted by marcus

Don't know about dangerous or not but an interesting article by Ed Seykota comes to mind, you see Ed runs a traders tribe which I closely follow & a few years ago , 2003 to be exact one question he asked in regard to daytrading was

".. If you know a consistently profitable day trader you might encourage him to share his audited track record and method. As far as I know, none such exists."
-Ed Seykota.

One of the forum members replied saying

" So how about Martin Schwartz ?"
- TT member

And then Ed replied

"Schwartz wrote about his trading experiences in Pit Bull. As his success on Wall Street grew, he began his own fund in which he would manage other people's money as well as his own, a move he would regret. The stress of running the fund contributed to his developing pericarditis, which nearly killed him.
His doctors advised him to slow down his lifestyle, so at the age of 48, Schwartz, along with his wife and two children, moved to Florida where he took up golf and developed a daily routine that allowed him to keep trading, but at a more relaxed pace.
This is one of those rare autobiographies where the subject unintentionally portrays himself in an unfavorable light. As he grew ever richer, Schwartz became consumed with generating even more money and prestige so that he could "run with the top dogs." Inadvertently, he has written a cautionary tale on the dangers of being addicted to money and power."
- Ed Seykota

Ed seems correct for I've since learnt after Schartz recovered from his illness he has since shifted to short term trading, (read they book and understand the true reality behind the glamour)

I am nevertheless sure there will always be exceptions to the rule as the case with any rule but to find most of them at traderji (as most claim to be) is wishful thinking.

reference

What has running a fund got to do with daytrading?

http://en.wikipedia.org/wiki/Framing_(social_sciences)

CreditViolet · #**288** 7th December 2007, 04:44 PM

Quote:

Originally Posted by kuriako

I guess it is not called headache !

It is always called hardwork!

If you need results, hard and smart work is needed

My humble opinion!

He is a quant position trader, he needs everything on a platter, somebody point him to the ***** screener.

CreditViolet · #**289** 7th December 2007, 04:44 PM

Quote:

Originally Posted by sudoku1

INTRADAY TRADAYING is akin to taking out money from someones pocket without him knowing it....if u have a skill at this hobby......its urs

Here comes an avalanche of bullshyt

hari09omkar · #**290** 7th December 2007, 05:05 PM

Quote:

Originally Posted by CreditViolet

Here comes an avalanche of bullshyt

He understands that.He will prove with his next 100 threads on bulls entery-exit(nothing adult) levels.

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