[ArturiusX]

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Also, my experience is irrelevant, not because its non-existant, but because I'm putting forth theory and reason, and you're acting like a dogmatic follower. Your cite of people failing is a logic fallacy. Would you like me to point out which one? my experience is irrelevant, not because its non-existant, but because I'm putting forth theory and reason

Why are you two SO insistant?

You just answered your own questions...as "YES IT IS IN THEORY" that it is profitable over time.It also is in theory I could survive a jump from a 50 story building...but the consequences/results are highly unfavorable to me

Why would someone trying to HELP,having been in this business for 15+ years that has NEVER seen any more than a handful of DT'ers make any decent $$$$,be called a liar or mis-leading?

Being hit with this these "in theory" responses are a bunch of BS,so why not back up your case with cold hard facts/data/P+L .....thus proving me wrong?

Your last sentance sums it up..."my experience is irrelevent",most likely because it is either negligible or NON-existent

You sound like some computer geek/nerd about to get his MBA,doctorate,.... trying "prove" your thoery with a bunch of computer strategy babble....GOOD LUCK

How old are you BTW,and how long you been daytrading to support your "theories"(this is not some thesis for Christs sake)?

What platform do you use?

Who do you clear through?

Do you have access to Level lll by any chance(or are you using E-trades Level ll...lol?


Are you using a T-1 or T-3 line (as speed is EVERYTHING in intra-day trading)....or are you using a cable modem or better yet DSL?

What sqwawk do you subscribe to,to hear your "streaming news"....as I am SURE you cant overcome the "miniscule costs as you put it",nor have access to the almost $1000 per desk/monthly Bloomie costs.I am not even sure they sell to non-trading desks anymore?

And again quoting you..."i could prove what I am thinking"...WTF is that supposed mean?

Prove to me in $$$$$DOLLAR GAINS...not the thinking of "I shoulda,woulda,coulda,type trading" or some "paper trade" theory that works just like that..ON PAPER

They certainly dont work when introduced into the REAL TIME bid/ask of the market over time.

The MM's are there to make money my friend...the easiest pickings ARE the DT'ers!

I'll start with these basics ....before I really make you look a fool,side stepping EVERY direct question you have put forth with verbal non-sense?

GEEEEZ..you are thick headed!

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You should work on your grammar and sentence structure. It gives me, and probably other people, quite a headache.

Using your building jumping analogy, I'd crunch the numbers to do with the physics, I'd evaluate the environment, and I'd make assessment of the risk vs reward. If a rich backer told me I could have 10 million dollars, and using my system I determined that I'd survive with only two broken legs and a broken hip, giving me 4 weeks in hospital + a $30000 medical bill, its in my best interests to take the jump. Of course, your analogy is silly, because we're throwing death into the equation. The worst I can lose in trading is my initial input, assuming I'm liquidated if a margin call comes around.

I'm 24, I've been working in banking and for different firms since I graduated high school, one gig was with a trading firm part time while I was at university. After I graduated, I moved to a bank, I day traded part time on the side (as an Australian, the market opens at 11:30pm, so I could trade the open and still get a good nights rest). I pretty much immerse myself in all the mechanics.

At the moment for a platform, I use esignal, with some nicely coded scripts from a CS friend of mine. I'm learning java as we speak, hopefully I can start adding some of my own flair to the programming instead of outsourcing [img]/images/graemlins/wink.gif[/img]

I also use a program called marketdelta, which is a beautiful volume analysis software package. At first, it was information overload, but after tweaking the program I've found it to be very powerful, especially when you give it a specific task.

I don't use e-trade, I use mirus futures as my broker. I don't trade stocks, only futures.

I use a 2mb connection with a back up dsl line. Speed however, isn't everything for my style of trading. I don't work the spreads. I usually have a 10-20 second window with my trades, I find.

I just get my news from yahoo (just a list of economic data coming out). I read about 20 blogs a day, getting a feel for different news coming out. My system doesn't really have anything to do with news though. I just make sure I'm not blindsided by some economic announcement while I'm taking a position.

Bid/ask spread is very small for index futures. I'm not sure why beating the spread would be an issue, since the market is so liquid (most of the reason why I trade it).

Also, you seem very very angry. I've done nothing but answer a variety of questions. I could post my trades real time to you, show you my entry, exits and profits for the day. Would that prove it to you? Which is exactly my point; anything I do would just be written off as 'luck'. I could make a movie of my trading, and it'd be irrelevant to changing your views.

By the way, your views that day traders don't make money because you were in a firm that saw so many bust is a fallacy. Fallacy of the Consequent, and the fallacy of appeal to probability.

1. Observed Day traders play the market
2. Observed Day traders lose money
3. Therefore, all day traders must lose money.

The fact that you haven't even asked me anything remotely to do with my system (even though I gave you enough subtle hints), pretty much proves that you're just an outsider who hasn't really done any research into anything, apart from observed statistics. You can not dispute this.