Day traders pls quit while you can

Quote from JunkbondS:

Guys, there us no evidence if day traders being successful in the current market. Just claims on a message board--- seriously, there is no evidence other than the fact day traders are dropping like flies due to HFT and ever changing bots. Yeah some will win even over time, just like at the casino. But overall it's dead. Otherwise produce the evidence or stop dreaming.
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is my statement on page 5 is not enough? or we are going to slip back to old argument that it was fake\altered?
so far i have no seen ANY proof from ANYONE here, that one was able to make a steady buck off the market. regardless to the time frame.
all i see is the posts without any valid argument\evidence how one did make 400K a day..or100K..make it fucking round,and say i did make 1B a day..why not?
 
Quote from JunkbondS:

I don't need to produce the evidence. Its all around you-- where are the successful daytraders? We all know successful business people and investors but no one ever claims to have made wealth daytrading. If so, where are they outside of claims and message Board shut ins?
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Generally traders don't make enough to make it to the billionaire level, simply because there isn't that much liquidity out there.
Few years back I read an article on Yahoo that was showing the most expensive houses in the US, one belonged to a commodities trader...
What you don't realize in your simple thought, is that when you are rich, you DON'T want publicity since that makes you a target for all sorts of people with criminal intentions.
 
Quote from JunkbondS:

Where are the winners? Why do the "winners" always seem to sell education or books?

Something doesn't make sense. Produce one succesful daytrader overtime who can rival even the lowliest subway franchise owner in terms of wealth. No OPM hedgies or book selling jockeys please.
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I personally am a rather private person. This is why I enjoy trading. I really enjoy the peace and independance. Although I can not yet call myself a successful trader, if I were, I don't think I would be going around telling everybody how successful I am. I would quietly go about my business. In fact, I don't think I would chose to trade for a life time. Instead, I would make my money and then get out, invest my profits and live off of the proceeds. Once the money is made, I'd much rather get back to spending time with my wife, soon to be, new baby, and my friends. Also I'd really like to rocover my skills on the violin that I lost when I was in my early 20s as a result of an injury.

In other words, I don't think most day traders are very public people like your average successful business man. Most are rather private people who will largely conceal their accumulated wealth from the general public. Those who would make it very public are more likely to lose their money at a later date due to their ego. Much like a very vocal lottery winner will be bankrupt in a few years.

Imagine suffering through several years of losing money, and then finally getting it and making money. Would you make this very public? I wouln't. I'd be very quiet about it, and then move on to something else in my life.
 
I don't need to produce the evidence.
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PLEASE - just show me one chart covering 5 days of which it was absolutely impossible to make any money day trading..PLEASE do this.
 
It does not matter where the successful individuals are, what's more important is the environment in which money is made and that's public, so with this public material show us for god sake.
 
Quote from sheda:

PLEASE - just show me one chart covering 5 days of which it was absolutely impossible to make any money day trading..PLEASE do this.
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Huh?
Ever see a chart from a random number generator? Think you can make money from that? Looks just Like a stock chart.

Like I said, random entries can make
Money so I don't get your point
 
Quote from JunkbondS:

Huh?
Ever see a chart from a random number generator? Think you can make money from that? Looks just Like a stock chart.

Like I said, random entries can make
Money so I don't get your point
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I have nothing more to say...
 
Quote from JunkbondS:

Huh?
Ever see a chart from a random number generator? Think you can make money from that? Looks just Like a stock chart.

Like I said, random entries can make
Money so I don't get your point
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I dont day trade because I do not have the temperament or skills to do it successfully. I have tried but at present I cannot do it. Does that mean others can not do it ...ABSOLUTELY NOT!!! I am better suited to swing trading but to say day trading is gambling and impossible to make money is very narrow minded. In addition, your comments above seem to suggest you are a failed trader of whatever time frame.... Just reminds me if one of Aesops Fables where the fox could not jump up and reach the grapes on a tree and said ..."They're probably sour."

Good luck Mr. Fox.

N54_Fan
 
JunkiBondKing,

If you can't day trade and you want to learn how to do so, ask in a nice way for help here on ET and it will be given freely, as very much help was given to me and many others here when we were starting out.

If you're an accomplished trader and have proof that standard price action trading tactics don't work on an intraday basis, post your pretty pictures and explanations so all the poor misled noobs here can avoid these dangerous waters.

Otherwise, waste your keystrokes somewhere else because nothing you've posted is of any use to anyone.

Noddy
 
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