Day Trading for a Living?

Post by alexhutcheson » Wed, Sep 11, 2019, 4:36 PM UTC

amluto wrote: post #144

dav1app wrote: post #117

They have a reason to make that article: there is a lot of companies fooling the Brazilian people over this. I'm a Brazilian software developer for the financial market. I also made some financial courses on the same university that the authors. Brazilian stock exchange market has exploded in the last years and most of my friends decided to 'work' as traders. None of them with prior knowledge or experience in the mar…

> One interesting thing: they normally sell the course with a private platform to trade the stocks included. I believe that they use that platform to collect data and operate against the traders that use that platform. They know the strategy that they are going to use (because they teach them), so it is easy to operate against. You’re assuming a complex strategy is needed when a simple one can easily suffice: simply…

Post by JackFr » Wed, Sep 11, 2019, 4:38 PM UTC

melling wrote: post #61

flatline wrote: post #47

Earlier quoted context omitted.

I know people who made millions day trading commodities, for no one in that cohort to have made any real money over two years is surprising to the point of disbelief. This may be something particular to the Brazilian exchange.

I’ve noticed a lot of successful traders trade commodities versus equities. What makes commodities easier to trade? Ed Seykota has been doing it for decades: https://en.m.wikipedia.org/wiki/Ed_Seykota

Post by debatem1 » Wed, Sep 11, 2019, 4:42 PM UTC

alexhutcheson wrote: post #161

amluto wrote: post #144

Earlier quoted context omitted.

> One interesting thing: they normally sell the course with a private platform to trade the stocks included. I believe that they use that platform to collect data and operate against the traders that use that platform. They know the strategy that they are going to use (because they teach them), so it is easy to operate against. You’re assuming a complex strategy is needed when a simple one can easily suffice: simply…

A business using this approach is called a Bucket Shop - it's both fairly well-known and explicitly illegal in most places: https://en.wikipedia.org/wiki/Bucket_shop_(stock_market)

Post by C4K3 » Wed, Sep 11, 2019, 4:49 PM UTC

amluto wrote: post #144

dav1app wrote: post #117

They have a reason to make that article: there is a lot of companies fooling the Brazilian people over this. I'm a Brazilian software developer for the financial market. I also made some financial courses on the same university that the authors. Brazilian stock exchange market has exploded in the last years and most of my friends decided to 'work' as traders. None of them with prior knowledge or experience in the mar…

> One interesting thing: they normally sell the course with a private platform to trade the stocks included. I believe that they use that platform to collect data and operate against the traders that use that platform. They know the strategy that they are going to use (because they teach them), so it is easy to operate against. You’re assuming a complex strategy is needed when a simple one can easily suffice: simply…

Post by rongenre » Wed, Sep 11, 2019, 4:50 PM UTC

aphextim wrote: post #138

brk wrote: post #45

Earlier quoted context omitted.

Where is $20,000 ‘livable’? Savings or not, I don’t know of many places where you could live on a net income of ~$1,300/mo. what do you do for medical benefits alone in that income bracket?

Upper Michigan: If you have $20,000 you get MI Health plan, essentially free healthcare in the poor income bracket (for now anyway unless it gets taken away, sign up where you get food stamps). Rent on a 2 bedroom apartment, as long as you are not in the "big" city of Marquette should be $400-$500. Heck when I was younger we 'rented' an entire 5 bedroom house, two story with basement for $950 (split 4 ways with roomm…