Day trading is losers game

Daytrading can be quite lucrative. Daytrading
firms that are looking for deposit to let you
trade 100 shares at a clip with 1,000 "traders
in training" doing so , are probably ones to stay
clear of . A good daytrading outfit will assess
talent with either a proven track record or
with hands on training without all hidden fees .
Most so called daytraders that fail are ex employees
of some financial institution that believe just because
they were around trading desks , they can do it
without any real training . I have seen numerous
succesful traders but they are prodigies of other
successful traders who incorporated numerous
styles into their own . Simulators are good but
can be gamed , the real way to become a successful
trader is hook up with a firm who WANTS YOU TO
BE SUCCESSFUL and has a program designed to
fit your strengths and needs.
 
Quote from luckyluciano:

I could be wrong but we look at most of the big success in trading markets most are not day traders. Does market wizards have any day trader interviews?
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Marty Schwartz (MW1), Linda Bradford Raschke (MW2), Mark Cook (SMW).
 
Quote from Riffraffpatrol:

That's why u only enter on high probability, high profit potential (relative to risk...ie stop loss distance) low risk trades. It's not rocket science...
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This is a very nice set up for small profit takers with loads of trades around support and resistance.
 

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Hey just wanted to let you guys know that it's not possible to transplant a kidney. I studied for a LONG time, like two whole months, read multiple books, so you can see I really put a lot of effort into this and was very well prepared. I mean, it's not like people would study something for 10 years before they became an expert, that would be ridiculous! When would you have time for XBox and beer? Anyway, when I tried the transplant it totally didn't even work!!1 Like wtf???
 
Quote from rtr1129:

Hey just wanted to let you guys know that it's not possible to transplant a kidney. I studied for a LONG time, like two whole months, read multiple books, so you can see I really put a lot of effort into this and was very well prepared. I mean, it's not like people would study something for 10 years before they became an expert, that would be ridiculous! When would you have time for XBox and beer? Anyway, when I tried the transplant it totally didn't even work!!1 Like wtf???
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writers of books write because they can't make money from trading.Learning from 95% club of losers.
 
Quote from oilfxpro:

writers of books write because they can't make money from trading.Learning from 95% club of losers.
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Warren Buffett, Peter Lynch, George Soros, Jim Rogers
 
Quote from bigarrow:

Warren Buffett, Peter Lynch, George Soros, Jim Rogers
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Buffet ,Sorros and Jim Rogers use fundamental investing ,they really aren't traders.

Peter Lynch . any blind monkey investing /managing funds would have made money from 1977 to 1990 would have made money.Blind monkeys throwing darts on stocks made money during that era.He was not a trader , he was an investor .

http://www.investopedia.com/university/greatest/peterlynch.asp#axzz1vKDASJ4W

Traders are gamblers , these people are investors.
 
Quote from bigarrow:

Yeah good argument, Peter Lynch was just lucky.
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All these rises in the stock markets were due to the increase in money supply ,and abolishment of gold standard.Most of these rises in stock markets were the direct result of fiat money printing inflation.
 
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