Day trading for a living - Almost impossible

mute9003 said:
then who is day trading all these stocks every day?
and how is ross cameron fous are making their money trading?
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machines mostly.

and I would bet anything Ross makes more money from traders buying his products/services than from actual trading.

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oshjdf said:
Cost of entry for trading regardless of day/swing trading is low. The number of people who have edge is low. The size of the edge and significant capital + savings are required to make a living from trading.

It's not a surprise most people have failed to become a profitable trader, let alone make a living from trading.
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It is like saying it is almost impossible to make money playing basketball.

Millions play but only a few hundreds play for a living.
 
Yes it IS IMPOSSIBLE if

  • You lack discipline under pressure.
  • You can't separate your ego-self worth and making or losing money.
  • You don't put in the required time or don't think you need to because you are "special".
  • You rationalize your short coming with blame.
  • You have a flat or negative learning curve.
  • You are undercapitalized in money or time or tools.
Most of us who have survived, can tell, based on the words and posts, who has the grit, who has a chance to develop it and those who are really, really, really, far off and will probably not make it.

OP is in the really far off zone. Not really really, really, far off, but just really far off.

We try to help, but merciless pound the those with attitude that think they have even earned the right to comment on others accomplishments without due respect.

Day trading is definitely doable, but so is winning the Tour de France.

Day trading is like the ThunderDome.
 
Just a friendly reminder that not a single one of you wankers has proved that is profitable at day trading.

Thanks for showing up anyway. So we can label you.
 
Drawdown Addict said:
Just a friendly reminder that not a single one of you wankers has proved that is profitable at day trading.

Thanks for showing up anyway. So we can label you.
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95% of the day traders can't make it.

So stop looking for proof day trading is profitable.

Instead look for proof day trading is unprofitable.
To do that, you open a trading account with $1 million.
Then go and day trade.
The account will go to zero.


And stop wanking for proof that day trading is profitable
 
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