Day trading is losers game

oilfxpro · May 20, 2012

Quote from cornixforex:

http://www.amazon.com/s/ref=sr_tc_2...47&sr=8-2-ent&field-contributor_id=B000AP7JOU

I assume Einstein was a total loser in physics that's why he had to write many books and read lectures.

Einstein was an exception , millions others losers wrote books for the money .

Typical example is trading educators selling day trading training , they post only their winning trades after the event , to impress noobs from demo accounts or $100 trades at Oanda. Take a close look at their blown accounts which they do not want the public to know.

The einstein mentors only show the winning trades , that's why they hang around bucket shops.

mm19 · May 20, 2012

Quote from cornixforex:

http://www.amazon.com/s/ref=sr_tc_2...47&sr=8-2-ent&field-contributor_id=B000AP7JOU

I assume Einstein was a total loser in physics that's why he had to write many books and read lectures.

hum... i think he was just a promoter. some english guy came up with the whole theory.

Xspurt · May 20, 2012

Quote from RebateMonkey:

Just out of curiosity, what timing software is that? Is the 20k a monthly fee or a one time fee?

Thank you.

It's a one off $20K but it's not available at the moment.

Next time he makes the offer available I'll PM you and you can check it out then.

cornix · May 20, 2012

Quote from oilfxpro:

Einstein was an exception , millions others losers wrote books for the money .

Typical example is trading educators selling day trading training , they post only their winning trades after the event , to impress noobs from demo accounts or $100 trades at Oanda. Take a close look at their blown accounts which they do not want the public to know.

The einstein mentors only show the winning trades , that's why they hang around bucket shops.

Nope, no real-time day trading calls except for those who already know enough... yet.

Keep thinking it's impossible.

oilfxpro · May 20, 2012

Quote from cornixforex:

Nope, no real-time day trading calls except for those who already know enough... yet.

Keep thinking it's impossible.

It is not impossible , but it is not possible with all known systems and methods.Until you accept it is a zero sum game and after spread a minus sum game , it is virtually impossible to be consistently profitable.Accept it is a minus sum game , then devise a system to trade probabilities and it will become possible.

cornix · May 20, 2012

Quote from oilfxpro:

It is not impossible , but it is not possible with all known systems and methods.Until you accept it is a zero sum game and after spread a minus sum game , it is virtually impossible to be consistently profitable.Accept it is a minus sum game , then devise a system to trade probabilities and it will become possible.

That's the problem of most who lose in this game. You think it's the method, not the trader.

oilfxpro · May 20, 2012

Quote from cornixforex:

That's the problem of most who lose in this game. You think it's the method, not the trader.

That is 95 % of traders , it has to do with mindset , as you say it is not the methods .......but the person's phsyche.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=236978&perpage=6&pagenumber=1

cornix · May 20, 2012

Quote from oilfxpro:

That is 95 % of traders , it has to do with mindset , as you say it is not the methods .......but the person's phsyche.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=236978&perpage=6&pagenumber=1

No different from starting any other business from scratch (failure rate of restaurants is close to 90% for example) or kind of activity which requires serious focus, a lot of work and iron discipline (failure rate of smokers trying to quit and obese people trying to lose weight are good examples).

Life is the same in all aspects of it.

oilfxpro · May 20, 2012

Quote from cornixforex:

No different from starting any other business from scratch (failure rate of restaurants is close to 90% for example) or kind of activity which requires serious focus, a lot of work and iron discipline (failure rate of smokers trying to quit and obese people trying to lose weight are good examples).

Life is the same in all aspects of it.

Even psychologists have 95 % failure rate at successfully treating patients.

traderich · May 20, 2012

This is the same with poker players, blackjack players, and 99.999% of slot players.

However, with that said, there are professional poker players, blackjack players, and even slot players, and of course day traders.

One thing I would mention is this: Uncle Sam wants everyone to report their stock trades but does not want you to report how much you gambled at the casino unless you won. Ever wonder why? It is because the government knows that even a monkey can make money in the stock market.

I had posted a log about 'my simple yet profitable trading method'. I reported EXACTLY what I do to make money and no one did it except me.

There is a new slot machine called SLOT EDGE by IGT. Look it up online. It is a skill based slot machine with a positive EV if you know how to play it. It takes practice but you can win at it. As ridiculous as it sounds, the casino actually 86's people who learn how to beat it. lol.

Cheers...