Search results

  1. galvinlee888

    How much do day traders make

    1% return each day? Starting with 1k account, you become Billionaire in less than 6 year if you compound your return. You must be one of the anonymous billionaire in ET. Btw, why you still collect the social welfare check to fund your forex micro account with bucket shop?
  2. galvinlee888

    How much do day traders make

    Sure you are...
  3. galvinlee888

    What approach should one take when starting day trading?

    Not against learning new things. The problem is the day trading hype or gold rush marketing. The day trading is clearly benefit the broker, education seller, bucket shops, signal seller, day trading website owners,market making and etc due to the way how the day trading is been structured...
  4. galvinlee888

    What approach should one take when starting day trading?

    The math in day trading is not make sense for any positive edge after you include commission + slippage. This is no different that you can't find any long term winner in roulette, even casino only has small edge in this game(< 3%).
  5. galvinlee888

    What approach should one take when starting day trading?

    There is no different between a casino and day trading. From time to time you will have a few traders that make a good money in trading(no different than lucky gamblers that make millions in the casino). The broker/educational seller/signal seller/bucket shops/trading site owner love to make a...
  6. galvinlee888

    What approach should one take when starting day trading?

    I make a comfort living from the investment/trading. In real world, you can't quit your day job if your account is less than a million, constantly look for alpha is double edge as you are increasing the chance to get blow up in the same time while you are chasing the extra few % return.
  7. galvinlee888

    What approach should one take when starting day trading?

    Active Trader = day trader ? Then My answer is i am not active trader Would you consider Soro or Carl the active trader ?
  8. galvinlee888

    What approach should one take when starting day trading?

    Not day trade. No leverage. No other income beside the money from my account :)
  9. galvinlee888

    What approach should one take when starting day trading?

    It is almost 0% if you look at long term.
  10. galvinlee888

    What approach should one take when starting day trading?

    I have Engineering background and I did work in WS before. Day trading is a no go regardless how good your engineering background is. The chart is a random. You are Engineer so you will be more convince if you do a small experiment yourself, use a random number generator (either wrote the...
  11. galvinlee888

    Why 90% of traders burn out?

    PM me, lets talk.
  12. galvinlee888

    Why 90% of traders burn out?

    This is quite a small edge with 1:1 ratio, what is the % of commission in each trade?
  13. galvinlee888

    Why 90% of traders burn out?

    I am no shame of this because English is not my first language. Shame on you to post fake fact in intenet, try to promote fake dream (aka day trading) to newbie. This is no different than trying to promote gambling in Internet.
  14. galvinlee888

    Why 90% of traders burn out?

    What is your risk/reward in your strategy?
  15. galvinlee888

    Why 90% of traders burn out?

    How much you get paid to post and promote day trading all over internet? $1for each post? You better get a job in MacDonald, at least you are doing something good to community and make you sleep better.
  16. galvinlee888

    Don't need charts, just a place to trade

    https://en.wikipedia.org/wiki/Bucket_shop_(stock_market) As defined by the U.S. Supreme Court, a bucket shop is "[a]n establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for...
  17. galvinlee888

    Don't need charts, just a place to trade

    You are looking for broker or the blood sucking bucket shop ?
  18. galvinlee888

    Trading as a hobby

    The million dollar question is how could you know in advanced if the market is going to trend, or if the trend will end soon ? This is easy to say from hint sight that but impossible in practical. A lot of smart people and super mage size institutional have tried this, and non of them ever...
  19. galvinlee888

    Trading as a hobby

    Market showed a great trend in Nov/Dec and any trend following system will make money. However, trend following/momentum strategy will loss money in side way market. Unfortunately the market is random for day trading when you add ALL of them together, and all the trend follower or revert to...
  20. galvinlee888

    Trading as a hobby

    You make most of your profit in Nov/Dec? You are trend following?
Back
Top