Well, the bots are responsible for my condition.
Are you a successful at home day trader with no other source of income who began with modest means?
- Thread starter JTrades
- Start date
Well, the bots are responsible for my condition.
it's probably not just trading he is a loser at.
Do you mean I would lose too if I run a pizza shop ?
most probably yes.
Dude learn to fucking read. He didnt say that bots destroyed him, he said bots (and other developments in the market) changed trading, its still possible to make money now, its just not as lucrative or easy anymore.
Trading, like any other business, will only get more difficult as "loopholes" and market inefficiencies disappear. I myself made nearly 7 figures in 5 years with a 20k account because I was able to repeatedly exploit a certain inefficiency in the market (which obviously doesn't exist anymore), while I'm still able to get a decent return these days I'd have to be deluded to expect the same kind of returns from this market.
Market conditions change, rules change and things like technology can directly and adversely affect human traders. Trading is simple but its not what you think it is.
Since the loops holes are no longer there, that saves you from having to prove anything then ?
As those loop holes no longer exist and no longer useful, perhaps you can tell me what those loop holes were ?
If it's delusional to make 7 figures now, what would the non-delusion figure be ?
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Interesting stories in here.......
and thought provoking...... maybe we should be clear that there is a difference between exploiting an inefficient market and simple gambling on future price direction.
I have read opinions of how the shift of trading off floors and away from human order processing and market-making to electronic markets and computer market-making have made the market more efficient.
So if trading no longer offers many opportunities to exploit inefficiency...... now it is mostly about guessing which way a market is going to go next. Because there is distinction between the two. Hmmmm.....
and thought provoking...... maybe we should be clear that there is a difference between exploiting an inefficient market and simple gambling on future price direction.
I have read opinions of how the shift of trading off floors and away from human order processing and market-making to electronic markets and computer market-making have made the market more efficient.
So if trading no longer offers many opportunities to exploit inefficiency...... now it is mostly about guessing which way a market is going to go next. Because there is distinction between the two. Hmmmm.....
Were you or are you a successful at home day trader with no other source of income who began with modest means?
It seems "modest" is not the same to all upon reading the thread. I certainly thought the successful example of the gentleman above who started with $90K as modest though it seems not all agree with that.
This thread is a fascinating combination of believability and total horseshit.
For example, here's a believable story:
trickshot : "I myself made nearly 7 figures in 5 years with a 20k account because I was able to repeatedly exploit a certain inefficiency in the market (which obviously doesn't exist anymore)..."
And here is total, stupid-beyond-measure horseshit:
Clubber Lang : "I started with 10k in March of '99. Lost $2400 my second day trading. 90% of it in my first three months. Treaded water through most of the summer then things started making sense. Made back all my losses in August, then made 160k+ from Sept-Dec..."
From $1K in June to $160+K in December. LMAO!! No need to read the rest of that fairytale.
No wonder that assclown displays his sub-teen IQ with every post.
For example, here's a believable story:
trickshot : "I myself made nearly 7 figures in 5 years with a 20k account because I was able to repeatedly exploit a certain inefficiency in the market (which obviously doesn't exist anymore)..."
And here is total, stupid-beyond-measure horseshit:
Clubber Lang : "I started with 10k in March of '99. Lost $2400 my second day trading. 90% of it in my first three months. Treaded water through most of the summer then things started making sense. Made back all my losses in August, then made 160k+ from Sept-Dec..."
From $1K in June to $160+K in December. LMAO!! No need to read the rest of that fairytale.
No wonder that assclown displays his sub-teen IQ with every post.