Day trading is losers game

[tradin4profits]

Quote from shopster:

oiler is trying to get into Harvard so he can be a better failed trader.

s

Yea, he is just like that other clown that went to HeeeeHawvard to get that "Higher Edumacation" he claims is needed to make money. If you want to call making $1000.00 or more on 4 -5 trades before lunch losing and say that daytrading is a losers game then more power to you. By the way to all you " Higher edumacated" people on this board. Losing is the correct way to spell when you can't find where your money went. Loose is what happens when your double wide gets away from you on your way to HeeHawvard!

 

[SteveNYC]

Wouldn't recommend day gambling. Hard work. Doesn't mean it's a losers game. Just a hard game.

 

[ElectricSavant]

What?...

Thats a respectable # per post....

Remember I want that net of expenses and labor...and I am expensive! (I drive a Hummer H2).

Did I tell you that I am a real good looking heavy man?

ES

P.S. Don, I am really serious...don't read this post...just havin' some fun with the traders. I guess I will go over and RSVP.

Quote from trailman:

ES

I don't want to appear rude, but you have 15,000 posts and only seek $200 per month?!

What gives?

TM

 

[ElectricSavant]

ok...so I called a nice lady on the phone named Joyce...

so now you Bright Traders can meet me in person (Wifey says she staying at home with the animals, while I go to Vegas with some other animals) if you go to the class...don't beat me up...remember I will ban you if you hassle me! ☺

Have a nice Memorial Day weekend fellah's...

ES

 

[oilfxpro]

Quote from SteveNYC:

Wouldn't recommend day gambling. Hard work. Doesn't mean it's a losers game. Just a hard game.

E S reckons he can predict market ,order flow and direction on 1 minute basis for $200 a month ,it is that easy to trade.

He can predict where price will be in next minute ,5 minutes and days.

 

[ElectricSavant]

oiler...I can predict where you will be in just about 5 minutes ☺

I do not believe in the premise of your thread. But Hey...what do I know?...I am going to find out though..It feels good. Maybe you mean that Daytrading involves losing more trades than winning?

from what I can gather....its all about your stops. If you have a personality that allows you to accept that trading is gambling and understand that you can use probabilites in your favor...well I suppose the sky is the limit. I hear Don has 20 million at my disposal, using some schlock outfit named Goldman...something or other....errr...

We make money...thats all, thats it....it not about marrying any trade...test the waters see what develops...react.

ES

Quote from oilfxpro:

E S reckons he can predict market ,order flow and direction on 1 minute basis for $200 a month ,it is that easy to trade.

He can predict where price will be in next minute ,5 minutes and days.

 

[oilfxpro]

E S

I guess the people making serious money are the hft boys , they are trading probabilities and they are not married to any trade .They do not trade trends , but have a bias for trends in their methods.80 % of trends fail on a daily basis .

If traders are married to a trade , direction , target , entry price , exit price and instruments , they will be imposing their views on the market , views that market should work behave in to their thinking .
Unfortunately market does not behave to any one trader's views and imagination.

Unless traders trade probabilities , they will not succeed intraday.

 

[Don Bright]

Quote from ElectricSavant:

ok...so I called a nice lady on the phone named Joyce...

so now you Bright Traders can meet me in person (Wifey says she staying at home with the animals, while I go to Vegas with some other animals) if you go to the class...don't beat me up...remember I will ban you if you hassle me! ☺

Have a nice Memorial Day weekend fellah's...

ES

You'll be safe here my friend. 3 days in Vegas, what could possibly go wrong? Haven't you seen "Hangover" yet, LOL

Don

 

[logic_man]

Quote from oilfxpro:



Unless traders trade probabilities , they will not succeed intraday.

60 pages to get to this?

Seriously, is there anyone really claiming otherwise?

Even when a trader says something is "predictable", what is really being said is "the probability that this is true is not zero".

 

[shopster]

Quote from Don Bright:

You'll be safe here my friend. 3 days in Vegas, what could possibly go wrong? Haven't you seen "Hangover" yet, LOL

Don

what can go wrong........?

Italians and food on one side, guns and ammo on the other............

s