Day trading is losers game

Quote from BlueTurtle:

LOL....I know you are kidding, but here is the problem. the "$" should be left out entirely. This is why SIM is so dangerous.

You actually say "dollars" and "made money".

It's a good racket.

It should be "I got 54 banana peels today."

No difference, until you say stuff like "I could have....if real money." LOL. then the mind starts doing its thing.....

I just made 6R daytrading my sim account today.
 
Quote from cornixforex:

And if someone showed you statements audited by serious organization such as CFTC you would conclude that retail trading is possible?

No, because some people will then say the statements are faked. :)

Simply proving to someone that trading is possible will not do them any good. It's been proven to me by a couple of people but that hasn't made it any easier for me to learn how to do it. Sure, it's encouraging at first but after a while reality sets in and you realize there is no shortcut.... duplicating someone else's discretionery trades is nowhere near as easy as you'd expect it be, even if you know all their 'rules'. In the end you still have to go through the hard and frustrating process of learning to trade.

So threads like this will always be a fact of life on forums. But maybe since Oil has found a profitable method this thread can finally die off. :D
 
Quote from dv4632:

No, because some people will then say the statements are faked. :)

Simply proving to someone that trading is possible will not do them any good. It's been proven to me by a couple of people but that hasn't made it any easier for me to learn how to do it. Sure, it's encouraging at first but after a while reality sets in and you realize there is no shortcut.... duplicating someone else's discretionery trades is nowhere near as easy as you'd expect it be, even if you know all their 'rules'. In the end you still have to go through the hard and frustrating process of learning to trade.

So threads like this will always be a fact of life on forums. But maybe since Oil has found a profitable method this thread can finally die off. :D

It will all of Baron's rebuttal mob to ruin this thread.
 
But maybe since Oil has found a profitable method this thread can finally die off. :D


29 Jun 2011 – oilfxpro is a Forex Guru in the Forex Trading | MetaTrader Indicators and Expert Advisors. View oilfxpro's profile

Is this the same oilfxpro? Why were you describing your self in such a manner if you have only just come across a profitable method?
 
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

Tell this tot hat guy http://www.youtube.com/watch?v=3J60GtLVZSY&feature=plcp

LOL!
 
Quote from sheda:

Is this the same oilfxpro? Why were you describing your self in such a manner if you have only just come across a profitable method?
Do you really believe everyone on the internet is being honest about their profitability? I think you need to be more cynical. :)

Of course there are real career traders out there, but I've learned that not everyone who claims to be a player can be believed.
 
Quote from dv4632:

Do you really believe everyone on the internet is being honest about their profitability? I think you need to be more cynical. :)



Not really, just haven't come across many self proclaimed gurus who are happy enough to produce a 100 page post about the inability to trade and on page 78 claim they have finally become consistent...
 
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