So you are a consistent PROFITABLE trader for more than 5 years ??
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Can Short Term Trading Be More Profitable Than Long Term
- Thread starter Fundlord
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So you are a consistent PROFITABLE trader for more than 5 years ??
Apparently profitable traders don't exist. At least not at ET.
If I say i am losing everybody will agree, if I say that I make some money everybody says it is impossible.
So posing you question is useless.
But you still did not proof that slippage and commission take away all profits.
I daytrade already much longer than 5 years, my first orders had to be given by phone, orders trough internet did not exist yet. E mini did even not exist at that time. If I would be losing I would not survive that long.
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[QUOTconfirm my susi am nobody, post: 4109917, member: 477969"]Apparently profitable traders don't exist. At least not at ET.
If I say i am losing everybody will agree, if I say that I make some money everybody says it is impossible.
So posing you question is useless.
But you still did not proof that slippage and commission take away all profits.
I daytrade already much longer than 5 years, my first orders had to be given by phone, orders trough internet did not exist yet. E mini did even not exist at that time. If I would be losing I would not survive that long.[/QUOTE]
This confirm my suspection if you are consistent profitable or not.
The OP already provide you a link with mathematics proof that commission and slipage create negative expectation for day trading.
Good luck for your trading aventure.
If I say i am losing everybody will agree, if I say that I make some money everybody says it is impossible.
So posing you question is useless.
But you still did not proof that slippage and commission take away all profits.
I daytrade already much longer than 5 years, my first orders had to be given by phone, orders trough internet did not exist yet. E mini did even not exist at that time. If I would be losing I would not survive that long.[/QUOTE]
This confirm my suspection if you are consistent profitable or not.
The OP already provide you a link with mathematics proof that commission and slipage create negative expectation for day trading.
Good luck for your trading aventure.
The OP hasn't posted to this thread since he began it, and no such link was provided.
Very poor answer. I understand now why you are not successful in trading.
There was NEVER a link posted.
The least you should do is see if YOUR trading is negative. But you prefer to copy what others say without any minor (healthy) suspicion. You don't even check if what others tell you applies to you. I never take what others say automatically for granted, I do at least a checkup. You make statements on what others say, no not even that, you just copy them. I make statements on my own experience. I think I can only analyze my own experience. Because that are the only REAL FACTS that I have.
You should post your trades and show that there was nothing left in profit. The next step would be to check if your trade was good or not and then, AND ONLY AFTER THAT we should analyze slippage and commission. If you can only make 50$ in a trade, then the problem is not slippage or commission, the problem is then that your trades are lousy.
I try to give real arguments to proof my point. Would appreciate it if you would at least do an effort to do the same, instead of posting meaningless reactions. I show statistics that are based on REAL information that you can check. The statistic below proof that in at least 75-80% of any day you can make good money. If you cannot you are the problem.
The link is from this gentleman (id: Sergio) in one of the post, cited from price action lab@
www.priceactionlab.com/Blog/2013/11/frequent-retail-forex-trading-is-a-losing-negative-sum-game
www.priceactionlab.com/Blog/2013/11/some-intraday-futures-trading-realities/
Please continue with your winning and CONSISTENT day trade, all the best.
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I do read this website since he produces interesting stats, but doesn't the first line about "20,000 random long/short" make you pause? With random entries, what do you expect? You really don't need to read the rest of the article when you know the entry criteria is random.
Well, as I stated before: you only need money to trade, intelligence, being able to read plain english language, independant thinking .... is not needed. That results in people who post nonsense.
Thanks for your help to demonstrate this.
And I even doubt if Galvinlee actually trades. I hope for him/her he/she is not.
Well, as I stated before: you only need money to trade, intelligence, being able to read plain english language, independant thinking .... is not needed. That results in people who post nonsense.
Thanks for your help to demonstrate this.
And I even doubt if Galvinlee actually trades. I hope for him/her he/she is not.
May I add : psychology , and God forbid "spirituality" , is absolutely not needed either.
Be proud, boastful, arrogant, full of mockeries as one does not need as much "luck" as possible.
Just put in as much cash as you can : and trade your way to ????
He is just a child that keep losing money and never give up, and need to come to this forum to vent his anger against the market. As I said, I wish him all the best with his "day trade".
If day trade is profitable, the institutional (GS, MS) already make all the monies in the world and not sure why they leave the money on the table to "I am nobody"