Day trading is losers game

Quote from logic_man:

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".
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Can we close this DEBATE. totally irrelevant. and highly irritating.
Any game can be a loosing game if you dont understand the rules of the game. even if you learn the rules, dont make you good at the game. Takes experience to be good. even then you cant be the best on a sustained basis if you are not gifted.
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Quote from ElectricSavant:

I hear Don has 20 million at my disposal, using some schlock outfit named Goldman.

We make money...thats all, thats it....it not about marrying any trade...test the waters see what develops...react.......ES
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the Savant goes up the mountain to meet the Grail of daytrade.

do we have a film crew on hand for this.

will the results be posted on " the tube "

please advise.

s


:D
 
Quote from jokepie:

Can we close this DEBATE. totally irrelevant. and highly irritating.
Any game can be a loosing game if you dont understand the rules of the game. even if you learn the rules, dont make you good at the game. Takes experience to be good. even then you cant be the best on a sustained basis if you are not gifted.
...
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time to shove off to a new port of call, jokester.

have a nice trip.

s
 
Quote from ElectricSavant:

I have got to get out of the Forex trap that I am in...They will never let me make money...........
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M,

who are " they ".........?

the market selected to trade should have no bearing on the results

the space between your ears is fully responsible for the outcome to date. get that under control or you will still be drifting with the rest of the unwashed masses.

cheers,

s

:cool:
 
Quote from shopster:

the Savant goes up the mountain to meet the Grail of daytrade.

do we have a film crew on hand for this.

will the results be posted on " the tube "

please advise.

s


:D
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Savant ends up as a E T Gigolo on $ 5 a blow , he would make $200 in a day.
 
This is the punch .

I have finally devised a day trading system that does work , but it uses discretion It is a combination of ranging ,trending and random noise trading where direction gambling (betting) is done only on formation of major trend trend lines of 15m + , and trading major intra day support and resistance.Stops are wider and trading is done on probabilities of stop sizes getting hit less frequently.There is no marrying to positions , as trades are taken on both sides .It also involves some gambling position sizing etc.

Day trading is mostly betting on unknown outcome , it is going to the casino and throwing your money on the table , with tight stops which get taken out very frequently and losses mount.

Most gamblers get addicted to wins , but market gives non anticipated results frequently to make addicted losers.Using junk science called t/a does not help.
 
You guys are funny...

I will leave the posts...(you seem very adept and readily imaginitive in blow and backside, which is not my interest)

I must say that the decade that Don Bright has been here I have not read any complaints about him.

He bends over backwards to help out a trader and to bring him along. I have seen it time and time again. Now I can say that he proves it with actions. I now have personal knowledge of his ethics and those of you associated with Bright Trading consider yourselves lucky..

Ok this posterboy will shut-up. Carry-on with your ES jokes...don't worry you will not get banned...give it your best shot...I consider you all my friends...well maybe not that charlatan oiler...hehe just kidding.

ES
 
Quote from oilfxpro:

There are so many threads negative about day trading , it was time to ask why is there no successful day trader in the popularity of George Sorros , Jim Symons etc.

Trading is a zero sum game and day trading is a negative sum game.The only people making money out of it is brokers.

If it was profitable to day trade , brokers would hire people to trade with broker's capital.

A few internet marketeers are selling motoring , under the guise of successful day trading , but these are just scams.

http://www.elitetrader.com/vb/showthread.php?threadid=220707

http://www.elitetrader.com/vb/showthread.php?threadid=220676

http://www.elitetrader.com/vb/showthread.php?threadid=218977

http://www.elitetrader.com/vb/showthread.php?s=&threadid=220513

http://www.elitetrader.com/vb/showthread.php?s=&threadid=218160
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I BEG TO DIFFER ... YOU GET OUT OF IT
WHAT YOU PUT INTO IT ... PROPER
PLANNING AND LOW EXPECTATIONS
ALONG WITH SUPPORT SYSTEM CAN
CREATE A GOOD DAY TRADER WITH
PROFITS
 
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