by DayTrader007 » Fri May 03, 2019 7:28 pm
Aaaaand a while ago I stopped day-trading.
I'm no authority but it's not like it used to be twenty years ago.
I thing the lone trader has no chance now, with all the big players out to get you.
I think "they" have algorithms to "randomize" everything to an extent that no amount of technical analysis or momentum trading works anymore.
Furthermore in Canada we are hobbled by brokers bought by banks and monopolies that give you less and less data.
One such "trader friendly" broker used to give market maker ID with Level 2 quotes. Not anymore.
The big banks lobbied whoever makes the laws so now we are "protected" by not allowing US brokers to do business in Canada.
SHAME ON YOU BIG CANADIAN BANKS!
So anyway, I think it's impossible to reliably make money on the stock market long term.
Aaaaand a while ago I stopped day-trading.
I'm no authority but it's not like it used to be twenty years ago.
I thing the lone trader has no chance now, with all the big players out to get you.
I think "they" have algorithms to "randomize" everything to an extent that no amount of technical analysis or momentum trading works anymore.
Furthermore in Canada we are hobbled by brokers bought by banks and monopolies that give you less and less data.
One such "trader friendly" broker used to give market maker ID with Level 2 quotes. Not anymore.
The big banks lobbied whoever makes the laws so now we are "protected" by not allowing US brokers to do business in Canada.
SHAME ON YOU BIG CANADIAN BANKS!
So anyway, I think it's impossible to reliably make money on the stock market long term.