"stock picks not being allowed on this thread"
I hav'nt posted RT Calls here.
"I do 15-20 trades a day"
Are you in a RT Chatroom?
I visited a Daytrading Broker in my city when I opened my 1st daytrading account years ago & they had about 50 computers set up so their clients that wanted to could use them to trade. I watched them for while & they told me some there make 700 trades a day. That is "DAYTRADING". These guys that say they buy in the am & sell in the pm are SWING TRADING, they just don't know it yet.
"survival and ongoing profits year in and year out are how I measure successful traders"
Most daytrading, or should I say swing trading, is boring, taking fractional profits most of time, but a few times a year I get turned on to a GOOG, RIMM, etc. My biggest score in the shortest amount of time was YHOO during the bubble days, 6 or 7 years ago it was down 50 points intraday on a rumor, the very rt chatroom i'm still using began posting realtime buys on YHOO at $140, I bot when the gurus in that room posted their buys, held for 1 hour and sold at $180, 40 point profit holding a little less than 1 hour.
You know, my entire concept of of TRADING was revamped the very instant I took that profit. I may not ever make that large of score again, but I did it once and the room I'm still using has that play in their logs going all the way back to 1998 when the room got started.
I play the same way today I played that YHOO call, I just take a lot less profit because the markets are trading in a narrow range. Remember the bubble days when the DOW would trade up 300 one day & down 400 the next, those were the best trading days. These days, if I get ahead .25 playing the QQQQ I feel like I stole something. |
