Having said that there are defintiely "inefficencies" that happen that can be exploited. It's not a ssytem or T.A. as such but "loopholes" to exploit.
As for things like breakouts, Turtles trading system, Moving averages etc..LOL What a joke!
Darkhorses:
It's clear you are too good for us on this forum and despite your very best efforts we are simply not in your league....
Why spend so much time here with us peasents? Why not go? (please )
:p
Be careful. Funny things can happen in life in 20 years.....don't get so blind sided by money (as it sems you are) you get railroaded along the way!
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Not yet. Give it twenty years or so... and will do.
Good grief!
You know for this all knowing professional money manager/trader/t**t.....you do spend a hell of a lot of time on an Internet forum spieling B*S* out.
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My goal is to have it all -- to make an...
I haven't met any day traders....have you?
So all hte guys doing it full time with mortgages and familes....what have they been doing?
I'd prefer to listen to them than some troll who makes posts like this and really has no idea!
So in your world ther eis no such thign as...
I didn't say I was doing it... I was saying can it be done.
I am presuomng day trading can't go too high....where that high is i do not know
I am pretty surprised day trading at 70% is considered High though..... I wasn't thinking 70% EVERY year or 4.5% EVERY month obviously but I was...
did i hear right?
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I am looking to achieve a minimum 30% return with a maximum 30% DD.
Sometimes though you have to think "what's the easier path to take"
EG an oil trader with say Glencore.......any more "stressful" than day trading form home? One makes $100k per annum the other millions.
So..chose a good path.
the one big thing that pees me off about finance jobs are they are all in London (UK) and that's a place i would not live. Seriosuly you'd need £100k pa. to get bye there. (all those jobs offerign £25k in London.....it can't be done)
Not a place I want to bring my family up in.
So it...
Nah that's B*S*. Why so much? How many "jobs" pay $200k+ Get real.
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Yeah right. Below are some stats from the latest census. I would say a home-based trader making between 100K and 200K annually is nothing...
^^ I love the simplicity of it all ^^
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I have been traded stocks and as of last week, I had a cumulative return of 140%...
I thought there wa s structure where less than 15 you could avoid al lthe B*S* (money grabbers) that goes with managing O.P.M.?
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when managing 10 peoples money, your fixed costs get relatively high...
and 4.5%/month may or may not be gambling
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And if drawdowns are less than 4% per month?
I used HF 15% as an example. and intra day trading drawdowns are much lower than end of day In my experience.
So it basically comes dowen to overheads do not economically allow for this?
But for the small trader/Investor it's still more profitable.
how on earth can you lose all your capital "day trading"?
It's about the lowest drawdown method there is. No overnight "gap" risk.
And you have risk paramaters in right?