My day trading days are over.

Dear Trading Friends,

good willAfter day trading going on over 25 years now, I am putting my day trading shoes away.

I simply do not have the drive, passion, and desire to continue day trading any longer.

I will be moving back into private trading and back to more of a swing and positional type of trading career from this point forward in my life.

One thing I know about trading is you can make and lose money in a very quick amount of time.  I am simply not smart enough, patient enough, or hungry enough to day trade any longer at this time in my life.

I have given this a lot of thought over the last year as I have pulled away from the public, and I am happy to say I am happy to be moving onto my next great adventure.

In the end, day trading was only a zero sum game for me.  I had really good years trading.  And I had bad years trading that emotionally took its toll on my psyche and being.  Day trading is a skill perhaps left to younger traders with less emotional baggage they carry.

From my personal experience, I know my best years as a day trader were in my later 20’s to around 43 years old.  After this point, I could feel my energy and enthusiasm waning to be in front of the computer every time the market was open.

The market as a whole has moved, in my humble opinion, from an open outcry world into the global world that perhaps requires around the clock type of an approach or a team of traders that have different times they are responsible for trading.

For instance, a team of 3 traders each working approximately 8 hours a day is feasible, if you have the right team placed together each knowing what they should or should not do at any given time.

Perhaps, I will move into more of an educational role as I get older for any day traders that want to continue in this direction.

Me, personally, will be moving into a longer term point of view in my trading utilizing a concept of wealth cycles taught by Michael Maloney.  This goes back to the Bible … there is a season for everything under the sun.

In closing, I want to wish you a very Happy and Prosperous New Year in 2013.  If I may be of any assistance, please feel free to look me up and check in on me.

 

God Bless and Good Trading to You,

David ‘Tiger’ Knight

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.

  • Johnny says:

    Can you tell me what broker you used and what fees you used as well? Need someone good and I followed you for years. Just now getting into the game and looking to get a deal on my ES trades. Any help is greatly appreciated. Happy 2013 to you as well and thank you for all the posting you have done over the years. I really enjoyed them.