Day trading is losers game

You can check trading record's/report's in real money competitons

Each month some 20 000 -50 000 competitors

One result 12 000 % per month + 25000 $ price money

from 1296 $ until 166266$ in one month + 25000 $ price money

http://media.dailyfx.com/sales/micro/kom_docs/OCT2011/octtradereport1st.pdf

some 7-8 result's in range 2000 -3000 %


http://forexforums.dailyfx.com/king-micro-trading-contest/485819-contest-winner-archive.html

But it is only game theory
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Lotto ...

Juni 2012 1809 % trading record

http://media.dailyfx.com/sales/micro/kom_docs/JUN2012/junetradereport1st.pdf
 
Quote from ssss:

You can check trading record's/report's in real money competitons

Each month some 20 000 -50 000 competitors

One result 12 000 % per month + 25000 $ price money

from 1296 $ until 166266$ in one month + 25000 $ price money

http://media.dailyfx.com/sales/micro/kom_docs/OCT2011/octtradereport1st.pdf

some 7-8 result's in range 2000 -3000 %


http://forexforums.dailyfx.com/king-micro-trading-contest/485819-contest-winner-archive.html

But it is only game theory
###################




Lotto ...

Juni 2012 1809 % trading record

http://media.dailyfx.com/sales/micro/kom_docs/JUN2012/junetradereport1st.pdf
More...


No, it's survivor bias.
 
Quote from ssss:

Retail have not any advantage

Spread
#####

Compare to casino ....

In game where gambler is dissadvantaged (lower as 50 :50)

best chance to win -low quantities (until 3-4 ) bet's with great risk
More...

If you can achieve a good hit rate of 60 to 80 % , by being very selective on trade entries and exits , there is the answer of the advantage of trader.Out of potential 50 entries , take 10 to 15 , 5 will lose money , another 7 will make enough to recover those losses , the market will give 2 trades for the profit , on average a profit of about 50 pips for 24 hour session.

I found most intraday entries almost 98 % , had no more than 50 % chance of a profit and risk reward of < than 1 .I take 20 % of the entries and hope 2 % will make up the profits , that is 2 out of 10 to 15 trades ,most of the trades make no money overall.It is frustrating to first get 8 losing trades , until you catch that winning trade at the end of the day.

Some days 10 trades make nothing overall , just one trades makes it worthwhile.This one large move will give the profits.Trend trading /breakout trading with wide stops is the same , in that the few winners make all the profit, the only problem with wide stops is you need bigger profits and huge trends and that is very rare.
 
Quote from oilfxpro:

As a retail trader , spread of 1 pip is easily covered by trading these large moves .
More...

how long have you been making money at trading currency? i'm not a jerk looking to be a jerk i'm just curious.. i've never met anyone that was a professional at trading currency that had a long track record of doing well doing it.. i'm looking to trade options on the euro
 
oilfxpro


Registered: Oct 2007
Posts: 1038

wrote ...




If you can achieve a good hit rate of 60 to 80 % ,
#################################

Don Quixote ...

http://www.youtube.com/watch?v=0EXYcG9f3Uo


Without any scientific matter ...
------------------------------------


If bet = potencial profit ,long term hit rate = 50 %
-----------------------------------------------------------------------
Example

Take case of small deviation and (!) no bid ask spread

SPY price = 139 , Retail client (Gambler) is short

with Target 138
Stop loss 140

Profit = Loss 1:1

After 10 000 attempts your hit rate with very great chance would near 50 % ( some 50.02 % or 49.98 %)






...........


oilfxpro


Registered: Oct 2007
Posts: 1038

wrote ...






by being very selective on trade entries and exits , there is the answer of the advantage of trader.Out of potential 50 entries , take 10 to 15 , 5 will lose money , another 7 will make enough to recover those losses , the market will give 2 trades for the profit , on average a profit of about 50 pips for 24 hour session.

I found most intraday entries almost 98 % , had no more than 50 % chance of a profit and risk reward of < than 1 .I take 20 % of the entries and hope 2 % will make up the profits , that is 2 out of 10 to 15 trades ,most of the trades make no money overall.It is frustrating to first get 8 losing trades , until you catch that winning trade at the end of the day.

Some days 10 trades make nothing overall , just one trades makes it worthwhile.This one large move will give the profits.Trend trading /breakout trading with wide stops is the same , in that the few winners make all the profit, the only problem with wide stops is you need bigger profits and huge trends and that is very rare.
 
Statistic


Frankfurt Stock exchange Paper money 12 week contest

http://handelsblatt.boerse-frankfur...sionid=FFE313B72134DB9D3AD543BCA0D1E257.web03

Rule -1 position not more as 10 % ,derivative not more as 10 % of Portofolio .Real time quote

15000 Competiror's

After 11 week`s
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only 33% in profit (5000 from 15000 )
####################

only 412 contestant`s from 15000 have profit more as 10%
only 95 contestant`s from 15000 have profit 30+ %
only 51 profit more as 50%
only 26 more as 75%
only 4 more as 300% (leader 860 %)
 
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