Day trading is definitely more profitable and safer than Swing / Position trading

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Old Feb 12, 2008, 12:03am   #17
 
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In one of his recent daily videos, John F Carter says the day trades pay the bills and the swing/position trades build the capital.
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Old Feb 12, 2008, 12:16am   #18
 
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Originally Posted by fibonelli View Post
In one of his recent daily videos, John F Carter says the day trades pay the bills and the swing/position trades build the capital.
I never have understood the either/or attitude that so many people seem to have . . .
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Old Feb 12, 2008, 12:48am   #19
 
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I never have understood the either/or attitude that so many people seem to have . . .
Indeed, it seems that the only thing most traders can agree on is that their method is best, an everyone else is doing it wrong.
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Old Feb 12, 2008, 9:25am   #20
 
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I never have understood the either/or attitude that so many people seem to have . . .
Different caps! Different people! What is there not to understand?
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Old Feb 15, 2008, 5:21am   #21
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Originally Posted by fibonelli View Post
In one of his recent daily videos, John F Carter says the day trades pay the bills and the swing/position trades build the capital.
Exactly right on here.

I'm divided 50% LTerm (65ema/260sma and "FrontRunners") and 50% Income (DT Emini's and Monthly Cashflowing Option strategies) and frankly I wouldnt trade without both.
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Old Feb 15, 2008, 1:45pm   #22
 
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Originally Posted by FXSCALPER2 View Post
Of course day trading is more profitable if you know what you are doing. It is too obvious. If I position trade and you day trade and we have 50% hit rate and 2:1 r:r ratio, for example, what makes a difference between our outcomes is how often we get to apply your edge, everything else being the same.
Everything else is not the same!

jj

P.S. FWIW, I both daytrade and position trade professionally so not bashing one or the other here.
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Old Feb 15, 2008, 2:26pm   #23
 
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Everything else is not the same!

jj

P.S. FWIW, I both daytrade and position trade professionally so not bashing one or the other here.
It is a mathematical fact though, isn't it? If you have an edge, clearly you make money more quickly by trading more. After all, what is the difference between trading for five years and trading for two years? Time, of course, and therefore the number of trades taken. Why do casinos want to have as many people through the door as possible? Because they have the edge and they want to apply that edge as may times as possible. Also, the effect of compounding is much more pronounced if you do it more often.
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Old Feb 15, 2008, 6:48pm   #24
 
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The situations that you are constructing favor daytrading. One can just as easily construct the situation so that long-term trading appears far superior to daytrading. This has little to do with the inherent profitability of one approach vs another or the mathematical facts. Regardless, I'm not going to get into a "thing" here with you as you seem to be getting pretty fired up about this and for me it's hard to think of a less important issue. I'm just gonna keep doing my thing and encourage you to do yours.

Happy Trading!
jj
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