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Daytrading is more consistent. But the real truth is that those who make big fortunes are all longer term swing traders..Guys like Jesse Livermore, Richard Dennis, Ed Seykota etc..

How do you know the stock will stop at $130 and not go higher? And why does trader 2 enter later? If both enter at the same time and trader 1 exits earlier then trader 2 will profit much more.

Most of the time the market is not volatile enough to justify day trading. Most would lose money, there are people who can make some but IMO swing trading is the best.

Adding to losers will cause u to lose everything in the case the stock fails.

They use hidden computers to calculate the rotation of the ball before placing the bets, those can potentially give you 100% edge. 100% edge doesn't mean winning every time, it just means the expected return on your bet is double. House will notice big winners so you can't be too obvious and by...

Miniscule? You can make money a lot faster if you spot an edge in a gambling game compared to trading. In trading lets say you can make 5% a trade which could take a short time but mostly will take several days or even months. If you can exploit a 5% edge in a casino game, you can make that on...

CIS the Japanese trader who turned 30k into 200mil in 10 years is very good at video games. At the core, trading is also a "game". He likens the money to virtual points he earns.

You don't have to bet the exact number to win. Say if based on calculations the ball will land on one side of the wheel 60% of the time, from there you can bet all the numbers on that side of the wheel. It is definitely possible.

Almost 100% of roulette players fail. But there are ways to beat it from using computers to calculate the physics of the ball or taking notes of spins to find wheels with bias and exploiting them.

It depends on the volatility of the trading pair and your stop loss.

There's no definite clear answer on when it is ranging or trending. But a good gauge is too put three moving averages and if price rises above all 3 and the 3 MAs are in order it is a trending phase.

Since I'm not an active daytrader, normally I just watch YouTube while looking out for trades.

This is the equivalent of a small casino allowing unlimited betting limits. They will win and win and win. Most of the time nothing bad happens and they win but in some alternate universe a crazy billionaire decides to go all in his net worth on one roulette spin and win, then you lose.

It is not too short. But dude only averaged 8 trades a year. That means he roughly placed 48 trades. A gambler can go into a casino and still be ahead in 48 bets. You need way more than that to know if you have an edge or not.

What do you think is a good return for a day trader on a small account then? I see trading gurus like Ross Cameron, Steven Dux etc making very high returns but you yourself also said such is not sustainable or only a smalk handful can do so.. Personally, I feel swing trading is best. Day...

Just curious what do you think is a good annual return in terms of percentage?

It depends on your capital. The more you have the more you have to play long term. You dont see billionaires going in and out daily. But generally it's a few days to a few weeks for most people.

Day trading is dancing with the devil. The big money is made in the sitting.

Its undeniable that some are making big money. 100k a day for everyday isn't possible but it's possible for their biggest ever winning day.

He said he risked 60-100% per trade. Not sure how much of his total bankroll though.