Day trading is losers game
- Thread starter oilfxpro
- Start date
Quote from oilfxpro:
Don't worry ! Soon this will be my pitch on E T to sell trading education on day trading.
Quote from Ol' Yella:
And here we have it--the birth of a trading vendor.
I wonder if this is the path all vendors follow? As the old saying goes--those who can do, those who can't teach.
the path for small traders begin losing for the next 5-20 years.
Higher Education is the key to become a successful trader.
Higher Education!
I wouldn't expect emg to educate you.
He found his mba in a christmas cracker.
He found his mba in a christmas cracker.
Actually trading is not zero sum. I've been seeing that said for many years, it's easy to remember, to repeat, but it's like an urban legend, it's not true.
If a company beats earnings everybody's shares rise. That is not zero sum. Some people use futures for legitimate purposes, they buy and sell them to offset their risks in other markets. They consider taking a loss on the futures contract to be an insurance payment.
You are right, trading is not a zero sum game it has a very strong tendency towards a negative sum game because of slippage and commissions.
The shorter your holding time the greater the tendency towards the negative sum game.
Your last example is all muddled. Someone deciding to play a negative sum game (futures or insurance) as "PART" of an overall strategy does not change the nature of the game being played. one part may be a positive sum game the futures and ins part are definitely negative sum game not zero sum game.
I think Oil is asking, for the day traders here, what is your average monthly return? Its the only true measurement of comparison if your winning or losing. Everything else is just noise and babble.
Every day trader man up. What's the number.
Every day trader man up. What's the number.
Of course. But any business is what your bottom line in the end. If day trading makes you better ROC in the end of say a year than swing trading, it's the fact one can't deny. ROC is ROC, who cares how much you paid in commissions or whatever other expenses.
If swing trading makes you more than day trading, then of course, such a day trading is just stupid waste of time.