And another day trader bites the dust

themickey said:
It takes smarts, discipline, experience and money to set up something and the ability to trade a method the crowd have not even dreamt about. I'm convinced it can be done but not easy and those who do it, they shut their f**ckn mouths, not a peep.
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"Exactly. the crowd have not even dreamt about" That is the classic definition of an outlier.
 
MrRenev said:
Garage Day Trader was another of these day gamblers flaunting his great success on youtube & twitter.
He had "a great system" and "only green months". People were saying it was only a matter of time...
Aaaaaaand it's gone :D All of it. He vanished. Every social account wiped out, every video gone of youtube, he just vanished.

Don't every trade in any site or room where:
1. you cannot see trades start to finish
2. where they do not post a detailed truthful track record
3. where they do not generate profits >$50K per year net.

As there are 2108 rooms (see the video: The 5 reasons Futures Traders Fail (
) and you will be back on track. Try looking at this bot: I am in that room everyday and it is a hoot:
.
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MrRenev said:
Garen Phillips, known for his video "How I learned To Day Trade In A Week"
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Man changed approach :

Capture+_2020-10-16-01-38-25~2.png


Butsuccess secret is still the same -
it can't take longer than a week.
 
Remind me to tell all the guys I know that have been trading prop/retail (and their IRA’s) since the 90’s and worth well into 7 or lower 8 figures that “it’s impossible”.

And why are you on a TRADING WEBSITE if you think it’s impossible??
 
MrRenev said:
Sure, I'd be willing to believe 1% of them [day-traders] manage to underperform the market by 90% but I wouldn't call that success.
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No disrespect but read this sentence again, it does not make any sense at all.

1% of day traders underperform the market by 90%, hmmm....
(I am sure you meant something else but what?)
 
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Clubber Lang said:
Remind me to tell all the guys I know that have been trading prop/retail (and their IRA’s) since the 90’s and worth well into 7 or lower 8 figures that “it’s impossible”.

And why are you on a TRADING WEBSITE if you think it’s impossible??
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The guy is absurd. If he want's to rag on the 99.99% who sell lessons, then he's probably right
But many daytraders make decent money

Do you really think all the billions the Robinhoodwinked crowd loses goes only to hft and market makers ?
 
TimMykes said:
But many daytraders make decent money
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The idea that "long term" trading is "better" than swing or day-trading is absurd to the extreme.

Give the same exact trading system and the same exact capital to 2 traders (the long term trader and the day trader) and the day-trader will ALWAYS end up with more money than the long-term trader, at the end of the year.
 
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