Day Trading Is A Dead End Job

Quote from oilfxpro:


Negative expectancy based on statistics and probabilities and countless studies.
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Answer is in your comment. IF you see a satistical bias to one side and that is Unprofitable ........ it means....... to be profitable.... one needs to flip sides.....
 
Quote from jokepie:

Answer is in your comment. IF you see a satistical bias to one side and that is Unprofitable ........ it means....... to be profitable.... one needs to flip sides.....
More...

Statistical bias means...an exploitable edge. if its statistically significant.
 
As someone who used to own a business, I can tell you that being an entrepreneur is much harder than trading. Trading you are competing against the market. It's very hard, no argument.

With a business, you competing against any number of businesses, taxes, regulations, all the problems with employees, customers, maintaining cash flow, and on and on. If you think starting a business is a panacea, well good luck to you!
 
Guys, trading is NOT HARD once you understand what you are doing and HOW to approach the mkts. Until then, its a seriously dangerous place to play.
 
Quote from WS_MJH:

As someone who used to own a business, I can tell you that being an entrepreneur is much harder than trading. Trading you are competing against the market. It's very hard, no argument.

With a business, you competing against any number of businesses, taxes, regulations, all the problems with employees, customers, maintaining cash flow, and on and on. If you think starting a business is a panacea, well good luck to you!
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Absolutely wrong.

In a business you can easily be the most creative and smartest guy in your business. You can easily dominate your niche. Not so in the market-- the smartest people in earth are your competition. I have run businesses for 30 years and still do. I can state unequivocally that there is no comparison to trading. It is by a large magnitude much more difficult.
 
Quote from Fireplace:

Guys, trading is NOT HARD once you understand what you are doing and HOW to approach the mkts. Until then, its a seriously dangerous place to play.
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Wrong again. Maybe you can eek out a subsitence living in a 3rd tier Midwestern economy. Without major capital and ever changing adaptation you willforeverbe in the middle to lower class even if wildly fortunate.
Y
 
Quote from Dalmation:

Wrong again. Maybe you can eek out a subsitence living in a 3rd tier Midwestern economy. Without major capital and ever changing adaptation you willforeverbe in the middle to lower class even if wildly fortunate.
Y
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I feel bad that you have failed or lost hope.
 
Quote from jokepie:

Answer is in your comment. IF you see a satistical bias to one side and that is Unprofitable ........ it means....... to be profitable.... one needs to flip sides.....
More...


No, this is incorrect. A forex broker ran a contest where you win by losing the most amount of money. Guess what, the losers still lost by winning this time.

You can't fade a failure and find success.
 
Bro, I've been doing this for over 12 years, day in and day out. I think I know what is possible in this business. I live very well, in one of the most expensive areas on the east coast.

It's not a bragging issue, it's an issue to dispel all the negativity.

Quote from Dalmation:

Wrong again. Maybe you can eek out a subsitence living in a 3rd tier Midwestern economy. Without major capital and ever changing adaptation you willforeverbe in the middle to lower class even if wildly fortunate.
Y
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