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Poorly. Umm... unless you can see the future; then very poorly.

Many firms and people have made big money trading automated systems. However, it is possible that knowing this may not help you. Renaissance Technologies has made billions with automated trading and is in many ways one of the world's most successful hedge funds.

Sure sure.. on the surface. However, some people will no doubt have had more success trading one way or the other. Perhaps their methods are better for one direction, or perhaps there are inherent market basis one way or the other- such as shorting on uptick and the need to borrow the stock...

Have you been more successful daytrading stocks from the long side or the short side?

Day trading is a massive negative sum game. It is not close to zero sum. Commissions/fees, slippage and expenses take large amounts out of the game. As far as competition, of course you are competing against technology and pros with faster execution, better skills and knowledge of the game...

The top minds in trading, like Renaissance Technologies, disagree.

Since literally billions have been made by totally automated trading systems, you are incorrect in what you say. Totally automated systems have crushed all time frames. Renaissance Technologies is a prime example of a firm that has made billions with totally automated systems. Re Buffett. I...

You have to have an edge on your bets as well as mange your money well. Big winning professional traders, speculators, and gamblers who have stood the test of time know this. Some armchair quaterbacks or those who have gotten lucky in the short run or online trolls will say differently.

Tom Sawyer This one has the information

Tom Sawyer

Standing next to the right people when you are young and adding value. - Stand next to the smartest person in the room Add value Throw out toxic people Say "No" soon and often

Because a trader with a worthwhile edge can potentially become very wealthy. And he normally does what he likes. Unfortunately these traders rarely post on forums, and if they do they are not giving away the keys to the kingdom. However, since few people- and almost none here- are big winning...

Sounds good! Maybe we should have a thread about trading while on breaks driving Uber.

Very few The big winners mostly are too busy to post in forums The few that grace the forums are not giving out their proprietary methods thar are working "Now" Sometimes you get details of what used to work, like SOES Banditry

Not blind He has spoken of nuclear war and other mankind enders At the very, very end of the tails things may not matter The shorts may even theoretically win big, but the investors and traders may all be dead, etc

Sounds like almost a guaranteed 200 percent a year. This is a joke, right?

The way you write I can tell you do not understand the situation and that you are hopefull but not a winning trader. Please quit once you lose a preset amount. It is doubtfull you will be able to be a winning FOREX trader. Best wishes.

What you are saying makes no sense if you have a worthwhile advantage. Good poker players lose but have no second jobs. Losing poker players have "second jobs" and tell stories about how good they are at poker. The same is true for top traders in equities.

Why would you think that? ... for a retail trader with an informational disadvantage and higher spread. Clearly practice does not allow us to win in all situations in life. Have you made FOREX millions?

You are entitled to limit your thoughts on the question. However, insulting people who understand the situation better than you do, rather than trying to learn from them, may not be in your best intrest. Certainly it is rude. There are different drivers behind different bot trading programs...