[OsbourneCox]

What are people's thoughts about this article?

http://wallstcheatsheet.com/trading/...dead/?p=20096/

[Kiwi]

Its another religious argument. My belief is true and you are going to hell.

The funniest thing is that at this moment in history he concludes: you should all buy and hold.

He points out some inefficiencies that have died and one approach that hasn't. Then, despite that he says its all dead. It's like the low end "News;" how do you sell newspapers and tv to the peasants: blood, fear, controversy.



Edit: LMAO; I googled him. He started real trading in October 2009. He's a 20+ year old lawyer who writes a good fable. No more need be said.

[SIUYA]

from his article...
"In today’s market, traders now have to be both right about direction and have conviction in the direction at the same time."

so whats new?

[BlowFish]

Yes day trading is so last decade unless you are High Frequency Trading (HFT), in and out a thousand times a pico second you are doomed

[jim380]

Is it true that day trading used to be easier?

[syswizard]

Originally Posted by jim380 »

Is it true that day trading used to be easier?

Back in 2000, the intraday swings in the Nasdaq were tremendous...sometimes 200 points. More importantly, these swings were "smooth"....thus making it very easy to hold without worry. Traders could make 2-3k in one trade.

Today, it's much choppier thanks to HFT. It's very easy to get "rattled out" of your position only to see it go back to your original direction.

[huracan]

There will always be day traders - and some will be successful. Is day trading difficult? You bet. Will some firms exit the space? Of course. Has the author of the article ever day traded? I doubt it.

[BrianE]

I don't know if it's dead, but it sure seems to be a tough way to make a living.