Intraday trading - Is there someone that really earns? | Forex Factory

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Intraday trading - Is there someone that really earns?

  • #1
  • First Post: Mar 3, 2015 3:02pm Mar 3, 2015 3:02pm
Hi guys,
I see a lot of long term trader that earn good money with many different system but exist trader who earn in intraday? I've never seen one... Its a coincidence or its the truth
Sorry for my bad english
  • #2
  • Mar 3, 2015 3:34pm Mar 3, 2015 3:34pm
you said saw a lot of long term trader earn good money. can you please give an example? dont mention soros or buffet.

and what do u mean by long term or intraday?

thanks bro, its interesting topic.
we don't predict, we only ride
  • #3
  • Mar 3, 2015 4:36pm Mar 3, 2015 4:36pm
Well, by Intraday trading I believe you are talking about day trading.. in that case, I have come across several people who say they are day traders for life (that's their career) I have also come across others who say they have become millionaires day trading. So I guess, yes, it can be done, but with the right strategy. As for long -term traders as you say, I hope you are not talking about the likes of Warren Buffett or Carl Icahn. Those are typically value investors and do not care much about day trading.
  • #4
  • Mar 4, 2015 2:56am Mar 4, 2015 2:56am
In my opinion, if you want to get the most out of an account, small or large, one should day trade / scalp. I never got used to long term trading but i can say that scalping is quite profitable for an experienced trader; on the other hand, day trading is also profitable. Being it long term or short term trading, trading profitable is dependent on experience of the trader. For your question: yes, there definetely are traders that are doing good and very good day trading. As once a good trader here on the forum said, a good and profitable system is comprised of entry, exit, money management, psychology; there cannot be one missing as the entire system would fail at least over a longer period of time. You must decide for yourself which one is more suitable for you, daytrading or longterm trading, but if you know what you are doing there are profits in both types of trading.
  • #5
  • Mar 4, 2015 6:24am Mar 4, 2015 6:24am
Quoting simitch
Hi guys, I see a lot of long term trader that earn good money with many different system
I see very few amateur traders who do that.

Quoting simitch
but exist trader who earn in intraday? I've never seen one...
Yes; there are thousands, working for hedge funds, investment banks and countless other financial institutions, in most of the world's capital cities. All of these places employ some proprietary intraday traders who never hold an open position overnight.

Quoting simitch
Its a coincidence
Your observations stem from the limitations of your own experience.
  • #6
  • Mar 4, 2015 6:33am Mar 4, 2015 6:33am
Quoting simitch
Hi guys, I see a lot of long term trader that earn good money with many different system but exist trader who earn in intraday? I've never seen one... Its a coincidence or its the truth Sorry for my bad english
http://www.forexfactory.com/showthread.php?t=506246
fortis fortuna adiuvat
  • #7
  • Mar 4, 2015 11:47am Mar 4, 2015 11:47am
Yes i'm talking just for my experience and for people that i know. But normally, same in the forum, i'll see a lot of long-medium term profitable strategy and a lot of scalping/intraday losers method.

Quoting deltaone
{quote} http://www.forexfactory.com/showthread.php?t=506246
Delta are the people in this thread really earning money? I can see a lot of good trades but normally in the forum most of the people don't send the losing trade XD
  • #8
  • Mar 4, 2015 12:01pm Mar 4, 2015 12:01pm
Quoting simitch
Yes i'm talking just for my experience and for people that i know. But normally, same in the forum, i'll see a lot of long-medium term profitable strategy and a lot of scalping/intraday losers method. {quote} Delta are the people in this thread really earning money? I can see a lot of good trades but normally in the forum most of the people don't send the losing trade XD
i think there are some. daytrading is my main business: i post my wins, i post my losses. entry, sl, tp. scan my 3,191 posts
fortis fortuna adiuvat
  • #9
  • Mar 4, 2015 3:18pm Mar 4, 2015 3:18pm
Quoting deltaone
{quote} i think there are some. daytrading is my main business: i post my wins, i post my losses. entry, sl, tp. scan my 3,191 posts
Yes i saw you post in the thread, and i see that you earn lot of money. Lucky you!
I'm trying to make daytrading my main business like you but i'm lost in this lot of strategies and i don't distinguish the winning strategies from the those losers and this is the purpose of the thread, now i know that daytrading it's not a scam if you do it properly.
  • #10
  • Mar 4, 2015 8:21pm Mar 4, 2015 8:21pm
What is the best way to practice intraday trading? Is there anyone who does it continuously through the day, say for 12hrs? A friend of mine focuses only on the first two hours in the morning and the last two hours in before markets close (NY time). Personally, I tried it and found that trading in the middle of the day provides more calm and it is easy to apply technical analysis. Just a thought.
  • #11
  • Mar 5, 2015 7:49am Mar 5, 2015 7:49am
Quoting moonshot
What is the best way to practice intraday trading? Is there anyone who does it continuously through the day, say for 12hrs? A friend of mine focuses only on the first two hours in the morning and the last two hours in before markets close (NY time). Personally, I tried it and found that trading in the middle of the day provides more calm and it is easy to apply technical analysis. Just a thought.
On my trading days, I sometimes do 7-8 hours.

I find the most convenient and productive time to be around 1.00 - 4.30pm UK time, when both London and New York are "open"..
  • #12
  • Mar 5, 2015 7:56am Mar 5, 2015 7:56am
It is not necessary to be 12 hours in front of the screen unless you have the time and you are a new trader. Best time to trade in my opinion is from london open to new york almost close time, with the really best times when both are open and overlapping. For example i trade around 2-3 hours a day during london or new york open. Sometimes is better to focus your trading when volatility is larger than in ranging markets.
  • #13
  • Mar 28, 2015 1:39pm Mar 28, 2015 1:39pm
There are many traders who make their living day trading. Most do not have time to post here as they are focussed on their day job - trading - and posting distracts. Make no mistake mastering intraday trading is a job, it is full time, and until you really master it it is probably the hardest thing you will ever do. I suggest you read Deltaones thread as linked above and then read Islanders works as he has been good enough to share his knowledge along the way. His thread with Medici is one of the few threads I have found that really discuss day trading and demonstrate how to succeed. Read as much as you can of these, then get loads of screen time practicing. When you finally go live do it with micro lots only. After three months of proven and consistent profits you can start to consider increasing your lot sizes. Not before. The reason people do this type of trading is simple, if you can consistently make even 2% return you will double your account size very two months roughly. The key is consistent performance - only achieved through experience.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #14
  • Last Post: Mar 28, 2015 2:29pm Mar 28, 2015 2:29pm
Quoting mark72
It is not necessary to be 12 hours in front of the screen unless you have the time and you are a new trader. Best time to trade in my opinion is from london open to new york almost close time, with the really best times when both are open and overlapping. For example i trade around 2-3 hours a day during london or new york open. Sometimes is better to focus your trading when volatility is larger than in ranging markets.
Yeah, like news-packed New York open. Better than that there's no such thing (apart FOMC of course)
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