Proof that Day Trading is profitable?

This is a discussion on Proof that Day Trading is profitable? within the General Trading Chat forums, part of the Reception category; UPDATE: I'VE DECIDED TO KILL THIS THREAD (deleted my posts). The rest of what goes on here won't make much ...

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Old Jul 16, 2009, 11:23pm   #1
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Proof that Day Trading is profitable?

UPDATE: I'VE DECIDED TO KILL THIS THREAD (deleted my posts).

The rest of what goes on here won't make much sense. So... hit yer back button.

Alternatively, here's a daily market update from IG


Last edited by Neoripley; Jul 17, 2009 at 9:42pm.
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Old Jul 17, 2009, 1:52am   #2
 
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Need more info, I think...
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Old Jul 17, 2009, 2:16am   #3
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Need more info, I think...
Thread is dead.

Last edited by Neoripley; Jul 17, 2009 at 8:50pm.
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Old Jul 17, 2009, 7:47am   #4
 
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I wanted to keep the bets small until the strategy 'proved' itself and couldn't afford to bet something crazy like £50 per point anyway (although there are people that can I'm sure - hell, the max PER POINT is something like £1200! - but that's for the institutions I reckon).
I could be wrong, but I don't think that Goldman et al make their profits from sitting around on Interactive Brokers all day wildly punting for £1200pp. I think you'll find it's more for the Mike Ashleys of this world.
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Old Jul 17, 2009, 10:27am   #5
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I could be wrong, but I don't think that Goldman et al make their profits from sitting around on Interactive Brokers all day wildly punting for £1200pp. I think you'll find it's more for the Mike Ashleys of this world.
Nah, he's too busy scribbling on his jotter, drawing the worst away kit ever seen in the history of football...
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Old Jul 17, 2009, 10:50am   #6
 
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proof 90% lose

Forums - Here's real verifiable proof 90% lose
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Old Jul 17, 2009, 10:59am   #7
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very interesting indeed.
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Old Jul 17, 2009, 11:31am   #8
 
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very interesting indeed.
sadly yes
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Old Jul 17, 2009, 11:35am   #9
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I could be wrong, but I don't think that Goldman et al make their profits from sitting around on Interactive Brokers all day wildly punting for £1200pp. I think you'll find it's more for the Mike Ashleys of this world.
Wasn't spreadbetting originally a hedging vehicle for the institutions and other professionals when it was started in the 1970's? And only really been available to retail (private) taders for the last 10 years or so?
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Old Jul 17, 2009, 11:39am   #10
 
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No, not at all; it was in order to enable people to trade gold without buying the metal itself, since buying gold carried a large premium at the time. The '90s boom was more due to the rise of the Internet than anything else.
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