Day trading is for suckers?

d08 said:
Smart to take money from idiots. By idiots I mean the Youtube viewers and by money I mean ad revenue. Record your trading, post the best days of every month, get paid.
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Never thought of this, I've had a $40K day recently. So you're saying I could get ad revenue and make that a $40K+0.03c day?
 
padutrader said:
now what...…..is he going to post a video showing how he spends it?
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He is running a chat room. I think we are in a new era of trading education. Yeah, you need to figure out for yourself who is fake and who is not. All of the above points people can argue, but does anyone argue that this was not a trade done in real time? Was it luck? Was it reckless? I have no problem with people running side businesses. I have no problems with people marketing their businesses even if they go a bit overboard to attract new clients. Bottom line - do you trade and can you teach? Very few can and even fewer care to do both. I really don't understand why everyone who is willing to teach is automatically a scam artist.

 
Day trading using really advanced techniques is not for suckers. In fact it's so hard that bad traders better stay away from leverage and stick to swinging 1 lots.............

If you don't know what the yield curve is, what index arbitrage and program trading are, or how the institutions rotate funds, what an index spread is, then you better stay away.........
 
Real Money said:
Day trading using really advanced techniques is not for suckers. In fact it's so hard that bad traders better stay away from leverage and stick to swinging 1 lots.............

If you don't know what the yield curve is, what index arbitrage and program trading are, or how the institutions rotate funds, what an index spread is, then you better stay away.........
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It is the other way round.

Day trading uses simple techniques and simple mathematics like + - * /.
capital needed is low due to its high leverage.
I have zero idea about yield curve, about index arbitrage and program trading.

I have no idea how institutions rotate funds & what index spread is.

My charts are very simple. It has no indicator. just simple candlesticks.
But I tried very very very hard.
I lost thousands and thousands and thousands of dollars,
and I took many many many years to develop my holy grail.
and I ended up with simple trading system.
 
qlai said:
I really don't understand why everyone who is willing to teach is automatically a scam artist.
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The key term is not "willing"; I don't think anyone would have a problem with that. It's whether they're able to teach what they promise (or perhaps, more precisely, what they imply.) If you wanted to make a bet on the guy in the video being able to teach you how to trade profitably, I'm sure you'd find many people here who'd be willing to fade you.
 
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