Day trading is losers game

Quote from cdcaveman:

Wonder what one cares about with that much money... haha. So you lose 7 bill in theoretical value that really wasn't there. How could that bother ya when you have turned so much out of that app
More...

Ego issues can hurt even worse than actual money lost. Relates much to trading as well.
 
cornixforex

SSSS,

You won't escape.

Whatever is "many", let it be 1000 trades with average hit rate of 60% and 1:1 R/R. Would such a statistics make you sure retail trading is possible?

############


You must check contest of RTS

http://forum.rts.ru/viewforum.asp?f=13

Конкурс "Лучший частный инвестор - 2011 -2007


Winner's performed scalping , have made lot of operations ,
possible comparable with your quantities 1000


but ...

1. Specific condition of the game ( diifferent to EU,USA)
2. With very good chance winner is biased from RTS
-----------------------------------------------------------

first year contest winner was - jews
second year winner pupil of first year winner -jews
third year winner - wife of pupil
winner have connection ,which have had lower time
delay as another competitors ( by scalping decisive)
winner is related to professional scene



For non Russia resident this contest is not suited -
tax is 30 % ( compare for resident 13%)



Long term multiple year many ( 1000 + operations )
in game ,where operator (retail) have dissadvantage
----------------------------------------------------------------

have incomporable lower chance for profitability ,
if compare with small quantities of heeavy risk bet ...


That would answer for third version of your questions
 
What if say, EURUSD trader presented you a track record of consistent winning after 1000 trades?

Would be "sponsored by the broker" I guess? :D
 
cornixforex

Registered: Jan 2011
Posts: 1274



07-31-12 10:39 AM
What if say, EURUSD trader presented you a track record of consistent winning after 1000 trades?

Would be "sponsored by the broker" I guess?

###########################

...
Author presentedto you mutiple result's in real money contest's
with approx 1 000 000 attempts for 3 years

With result 12700% ,3108 % ,2800% ,2400% &

per month
#######

Is result bof your trader better ?
CFTC checked result ?
Is your operator professional ?
Is your operator ex-professional and used advantage of old relation's ?
Are relative of your operator worked/work in financial service industry ?
Did you have any criminal record ?

And another questions ,which would make great pleasure for you and your protege ...




....

You or your trader realy ready to answer this questionns and many other to CFTC or Attorney of the state ?


Fundamental -Retail sector is disadvantaged through

1. Spread
2. Margin and broker fees
3 .For some strategy connections with more high delay as by professional

Long term for great quantities of opreatiosns odds of retail
worster as 50 to 50 by payement 1:1
########################

Monte Carlo Casino make multi mln profit with odds 51.36%

by roullete by payement 1:1
 
cornixforex

Registered: Jan 2011
Posts: 1274



07-31-12 10:39 AM
What if say, EURUSD trader presented you a track record of consistent winning after 1000 trades?

Would be "sponsored by the broker" I guess?

############

Please disscus this matter with agency belov

http://www.cftc.gov/index.htm

http://www.cftc.gov/Contact/index.htm


This page lists the primary contact information for the CFTC. If you can't find what you’re looking for, please send an email to Questions@cftc.gov.

MAIN OFFICE

Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581

202-418-5000
202-418-5521, fax
202-418-5514, TTY
questions@cftc.gov
 
What an excellent example of pre-set beliefs with amazing ability to adapt any new information received from outside so that it fits those beliefs. :)
 
cornixforex

Registered: Jan 2011
Posts: 1275



07-31-12 10:52 AM
What an excellent example of pre-set beliefs with amazing ability to adapt any new information received from outside so that it fits those beliefs.
#######

Dear Sir

Please all follloving questions and statements about 66 % hit
in many 1000 operations with 1:1
send to CFTC

They would answer ...

Not forgett ,that State have Power ... not you
################################

Example

Update 3: Russ Wasendorf Sr., the founder and CEO of PFGBest, reportedly attempted to commit suicide this morning outside the corporate headquarters in rural Cedar Falls, company officials confirmed Monday afternoon.

Update 2: PFGBest had $400MM in customer segregated funds at the end of April. Is JPMorgan about to "discover" another $400 million in Q2 "profits"?
 
I don't care much to prove anything here or anywhere else. My methodology is so simple monkey could follow it and make money. :D

Trading and particularly talking with people interested in trading gives invaluable examples of how human mind operates, because circumstances of uncertainty peculiar to trading provoke classic activities such as distortion of reality etc. :)
 
1. cornixforex wrote -

Registered: Jan 2011
Posts: 1276



07-31-12 10:59 AM
I don't care much to prove anything here or anywhere else. My methodology is so simple money could follow it and make money.

Trading and particularly talking with people interested in trading gives invaluable examples of how human mind operates, because circumstances of uncertainty peculiar to trading provoke classic activities such as distortion of reality etc.

#####################################

2. Example

Update 3: Russ Wasendorf Sr., the founder and CEO of PFGBest, reportedly attempted to commit suicide this morning outside the corporate headquarters in rural Cedar Falls, company officials confirmed Monday afternoon.

Update 2: PFGBest had $400MM in customer segregated funds at the end of April. Is JPMorgan about to "discover" another $400 million in Q2 "profits"?


3.
http://www.cftc.gov/index.htm

http://www.cftc.gov/Contact/index.htm


This page lists the primary contact information for the CFTC. If you can't find what you’re looking for, please send an email to Questions@cftc.gov.

MAIN OFFICE

Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581

202-418-5000
202-418-5521, fax
202-418-5514, TTY
questions@cftc.gov



This page lists the primary contact information for the CFTC. If you can't find what you’re looking for, please send an email to Questions@cftc.gov.
 
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