to schizo,
of course I trade, but I don't day trade because it's not for me and I couldn't do it BUT would love to meet someone who can.
Consistent is someone who makes money, year after year after year. When there are bad years obviously there are going to be some, the losses are small enough to keep on trading and make a living by trading.
Quote from schizo:
So sorry if I came across that way but you conveniently forget that the title of this thread wasn't exactly inviting towards daytraders.
If you find both daytrading and investing as scams, just what the hell is your point? Do you even trade?
Just what is your definition of "consistent" anyway? Do you even have a barometer to measure whether one is consistently successful?
Have I misunderstood your otherwise good intentions? If so, reply to the above questions first.
to austinp
quitter ? I have been trading full time/professionally for 5 years and plan to trade as long as I can.
what motivates YOU to invest precious time (on a Saturday, no less) and to reply and to assume whatever is that you like to assume ?
What do I get out of it ? I enjoy and makes me smile to see so many people who really think they can day trade because I am on the other side. It sounds arrogant but it is not. Guess what ? Keep on trying to PREDICT THE MARKET and/or by catching tops and bottoms and expect to make a lot of money really fast IS ARROGANT.
Quote from austinp:
speaking of "there must be a reason"...
what motivates you or any failed (aka quitter) trader to invest precious time (on a Saturday, no less) telling complete strangers on an anonymous message board that the topic of interest to them is impossible.
In other words, what do you personally get for stating that trading is impossible on a trading forum? What's the emotional payoff for you? You cannot trade, no big deal. Lots of others can't cut it, either. But what do you personally get out of being here any more at all?
to Arthur Deco,
just stating the facts, NEVER met one succesful day trader
Quote from Arthur Deco:
I have never seen a poster start a thread like this who wasn't clueless about daytrading.
to cheese,
there are winners in this business, but are the vast majority of winners day traders ? Persistence is important, totally agree, but it takes much more than that.
Quote from Cheese:
Your spectrum would not include the winners in this business. Day trading is not for anyone of the many with a weak mind or a weak personality or both. But that cannot be a surprise in any assessment of the endeavour usually required to achieve top success in most arenas of commercial or professional activity.
In the context of this thread let me quote again the famous words of President Calvin Coolidge: "Nothing in the world can take the place of persistence. [...] 
to TrueProp,
obviously, after all succesful day traders are not becoming more popular
Quote from TrueProp:
I guess you need to try to become more social.
to bat1,
yes I totally failed as a matter of fact I didn't even try day trading, that's OK
Would rather make trades where there are more chances to make money. Also the other trades are easier to deal with psycologically and that's important to do well in the market.
Quote from bat1:
So you failed,
and now you think everyone else is a failure
to Mercor,
please elaborate
Quote from Mercor:
Not sure why you believe a cycle of the Moon will help your positions?
