Day trading is losers game

Why did you decide my intention is propaganda? :)

My intention is not to let distortion of reality happen.

I got what you mean. And agree about 90%+ losing. Now tell me, what % of athletes who try to make a career in sports become Olympic winners? No need for exact numbers, just how do you think, what % approximately.
 
cornixforex

Registered: Jan 2011
Posts: 1281



07-31-12 01:38 PM
I changed the question because it's not important how many is "many", whatever you find large enough sample.

Did I understand you right, that you admit: among all retail traders there can be some who are consistently profitable after making many (thousands) of trades?

1. Very limited quantities of retail operators ,which play
Game with odds funamental lower as 50 % ( Dissadvantage)
with payement 1:1


can be profitable after long amount of operations

Ground Very high quantities of all operators - 100 mln

2. Profitability of this very limited quantities of retail operator's
in Game with dissadvantage

is the matter of Fortune ,Game theory
#########################

not the professionalism
###############

Professional - that is VP by Goldman Sachs
###########################

28-30 years old , 1-1.5 mln $ p.a.


3. In game with dissadvantage result of profitable operators ,which
make low quantities of operations with high risk is better

as result of profitable operators with high quantities of operations


That is full correlated with statistic of real money contest of FXCM

Approx 1 mln man -attempts for 3 years

5 best results (from 2400% until 12700 % per month)
related mostly to one operation with movement 1000 pips or 100 $ XAU/USD
 
Quote from oraclewizard77:

Jack H has produced over a 1,000 pages for free. ... However, it takes time to read over 1,000 pages and most don't want to put in the effort or time to become a good trader.
More...
Oh yeah??? :D :D :D

Look at how many of his followers spending years to learn and yet never become a profitable trader. It is a hard truth.

Why so?

Simple. Some flaws in his thought process and some missing pieces in his methodology.
 
cornixforex

Registered: Jan 2011
Posts: 1282



07-31-12 01:44 PM
Why did you decide my intention is propaganda?

My intention is not to let distortion of reality happen.

I got what you mean. And agree about 90%+ losing. Now tell me, what % of athletes who try to make a career in sports become Olympic winners? No need for exact numbers, just how do you think, what % approximately.

#########

Please provide any relevant information ,verified from CFTC

about retail operator with 1000 operations hit ratio 60%
by payement 1:1
 
What makes you think there are as many retail traders as 100M people? And among those, how do you think, what is the probability of someone being just "lucky" having say 60% win rate with 1:1 R/R after thousands of trades happened during years?
 
Quote from ssss:

cornixforex

Registered: Jan 2011
Posts: 1282



07-31-12 01:44 PM
Why did you decide my intention is propaganda?

My intention is not to let distortion of reality happen.

I got what you mean. And agree about 90%+ losing. Now tell me, what % of athletes who try to make a career in sports become Olympic winners? No need for exact numbers, just how do you think, what % approximately.

#########

Please provide any relevant information ,verified from CFTC

about retail operator with 1000 operations hit ratio 60%
by payement 1:1
More...

I never said I will provide it to you. I only ASKED QUESTIONS. :)

Now, you didn't answer my question about athletes. You don't like athletes? Let's try different question: many % of young guys who try to create a rock/pop band become rock/pop stars? :p
 
Quote from Paddler:

Oh yeah??? :D :D :D

Look at how many of his followers spending years to learn and yet never become a profitable trader. It is a hard truth.

Why so?

Simple. Some flaws in his thought process and some missing pieces in his methodology.
More...

It looks to me Jack just over complicates trading way too much.
 
cornixforex

Registered: Jan 2011
Posts: 1284



07-31-12 01:53 PM
What makes you think there are as many retail traders as 100M people? And among those, how do you think, what is the probability of someone being just "lucky" having say 60% win rate with 1:1 R/R after thousands of trades happened during years?

#########

Check FXCM real money contest

3 years = 36 month

Each account with more as 500 $ automaticaly entry

50 000 accounts *36 month = approx 1 mln attempts
#################################

85-90 % all forex account are loosed

Exist no any winner with 1000 operations
############################


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

That is result of winner with most quantities of operations

China- 1627.14% Survey / Trade Report (.xls version)
http://media.dailyfx.com/sales/micro/kom_docs/SEP2011/septradereport1st.pdf

He is not the best and not in top 5
That is not 1000 operations ,lower ...
 
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