Thunderbays
Newbie
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As in any business one gets deeper involved in, to get ahead and prosper better, one has to expand our neighborhood. I have others I have taught day trade for me, as I simple don't want to trade twenty hours a day any more. I still day trade Indexes, Crude and Gold, but we day trade twenty markets, have several automated systems going. But overall, my long term stock and commodity systems give most money in most years, day trading is very expensive in terms of man hours, leasing seats, data, software, security etc. And yet for long term, one can use a chartbook, pencil and ruler as when I started.
Way too many start undercapitalized but worse uneducated, just cause you have the funds doesn't mean one should open an account, should take 1-3 years developing methods and then backtest and trade forward first. But just like people don't have discipline in their lives, they won't in their trading. Most so called gurus train others cause they can't trade themselves, otherwise they wouldn't waste their time teaching. Why teach for so little few thousands dollars when you can do so day trading each day if you are any good, but 99% are not any good. Best way to learn is read and back test. Dealing with the public is horible way to make a living, gave that up long ago when I owned a brokerage and managed money, just more fun to trade for oneself. Right?
Definitely a different focus and mindset when you have to make money grow !! You get "real creative" pretty quick ;-) Fun to be on the sharp end, as you suggest.
