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How long did you day trade that you know for sure what are practical issues of day trading? Do you claim there are no day traders on this forum making 100% ROC per year?

How do you know that? Do you have comprehensive stats showing average IQ and level of understanding of risk and probabilities among day traders as well as comprehensive stats about what % of those who talk about it on forums are pretenders and/or marketers?

Why is the risk of failure inherently greater in the case of more frequent trading? What if day trader places less % of his capital on the risk every time and is exposed to market for much shorter time, even in this case day trading is more risky? And remember, we are comparing two already...

Did you just claim that ALL day traders, scalpers and HFT traders are dumb noobs who have no knowledge of probabilities and costs?

Absolutely serious. Same question to you: what do you think is the reason people trade more frequently, when they could speculate intermediate-term with monthly/weekly charts only and play golf the rest of time?

Let's make it cost of 80% / 20% of gross revenue: if business #1 has net profit of 100% and business #2 has net profit of 25%, which one would you choose? Why do you think people day trade, scalp and even HFT? What's their reasoning?

Let's take an example of two trading businesses: #1 has monthly trading cost expenses of say 50% of the profit and net ROC of say 100% per year. #2 has monthly trading cost expenses of 10% of the profit and net ROC of 25% per year. Which one would you prefer to run?

What a comprehensive list of pricks who prevent 95% of wannabe traders become rich overnight. Sure world would be so much nicer without them, everyone would make a fortune trading and poverty would cease to exist. :D

So you are like Robin Hood, struggling to prevent newbies from trying to day trade and losing? :D

What makes you think that article is "decent" and is worth attention? P. S. True about 98% of B. S. on forums too... But don't fall prey to common fallacy - faith in what's written/talked about in the media. In reality it's usually no better than any other B. S. just packed better and...

So true... If in someone's terms 80% trends fail it means just one: that person's ability to spot trends (as opposed to just quick directional swings) is very poor. A perfect example of a real intraday trend was last Friday in Euro.

No it does. If system is not purely mechanical it means successful trading of it may demand a certain set of skills or secondary observations which if lack in the equation lead to a disaster. When saying "T/A" do you mean "purely mechanical T/A" or all T/A, including it's usage as one of the...

Were all those systems initially constructed as purely mechanical and named such by their authors?

Think about it: if 80% of trends fail, it means market generally does what? Right, ranges... So now what stops you from day trading reversals based on this valuable information, huh? :) P. S. Actually intraday trends are just as great as multi-day trends, they indeed happen not often, but...

H&S are worth the try... If they work, fine, if they don't... it's a FLAG, reverse and stay further with the trend... No rocket science. :)

You're so desperate to find TA method that works, aren't you, brother Oily? :)

Now as you opened my eyes, I will stop day trading right now... no, wait, now is Sunday, OK, tomorrow... no, wait, tomorrow is a holiday and I don't trade anyway.... oh well... Some day. :D

R.R. is right, don't rely on anyone else showing you "holy grail". Just watch the markets closely, try to really understand what happens there fundamentally and technically and over time you'll see recurring patterns, which you will KNOW work, not have to trust someone else saying "his" patterns...

Yep. Patterns after all are patterns of human psychology, not some magical "working" curves. And human psychology barely changed (if at all) during at least a few thousands of years so far (not sure what was before that due to absense of documented historical evidence, but guess it was still the...

For some people staring @ charts and trading itself is great fun, I know at least one person who is approaching 70 and trades for decades (profitably), he could retire long time ago, but keeps day trading, saying it's such a great game! Definition of "fun" as well as "boring" is very...