Day trading for a living - Almost impossible

If a trader can pull 20% from the market year after year he or she needs to quit their 9-5 day job immediately. Not just 2 or 3 years in a row,that could be just luck, but every year for the next 30 years.
 
ironchef said:
You gave me a hard time on my old posts so I tried not to respond to your posts directly but I have to agree with you on this.

I know someone doing very well day trading TQQQ/SQQQ and is too busy to read this.

Count me as one of those who is having difficulty making day trading a real money maker.

After paper traded for over a year, though profitable on paper, I am not sure it will be profitable if I go live again or that it is scalable.

Truth is often painful.
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Thank you for an honest reply, when I started the thread I thought that I was helping newcomers to understand how difficult day trading is, I never thought that I would hit most of the residents' nerves with some simple links.

I said that I wouldn't reply to any post because I don't do day-trading so I don't feel qualify to challenge a proper response, but since the level was so low and pretty much everyone was just attacking me directly, I started replying back. The thread became a pig pond where you have to scratch 90% of the replies.

Business as usual on this forum. Hopefully someone that is thinking about to start day trading, following the never ending links you see everywhere, would think twice and balance that they might be throwing their time away.

I truly hope that someone that is actually able to make it at day trading would step in and explain what it takes to do it. But since nobody is willing to prove their records with any reference, the exercise is pointless.
 
You really don't need to be profitable for some arbitrary 2,5, or even10 years.

You really just need to stay in the game and not blow your account and be able to wait it out until your lottery ticket hits and pays you out. Then you can go for longer and play more.

Its an Infinite Game.
 
mute9003 said:
there is only a dozen world champions in boxing in different weight classes.
meanwhile there are 10000s of boxers in the game

the difference between other things that also fail and trading is that we are in the ring with mike tyson on our first day.
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The analogy between trading and sports has been made many times, but this is the best version I've seen. Excellent.
 
zghorner said:
Life is fucked because it gives us the test first and the lesson after. Opposite of how we are taught in school.
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Its by design, because there are people who will profit by you screwing up.....
Whether its the bridal industry, the 'family' law industry, the alcoholic beverage industry, or the financial services industry. They are powerful groups that want to see you fail.

You have to look out for yourself.
 
Sergio123 said:
Its by design, because there are people who will profit by you screwing up.....
Whether its the bridal industry, the 'family' law industry, the alcoholic beverage industry, or the financial services industry. They are powerful groups that want to see you fail.

You have to look out for yourself.
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So, what you’re telling us is you’ve been fukd in the ass more times then you can count. You should have invested in Jergens and Vaseline.
 
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