Day trading is losers game

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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This thread was about day trading and day gambling and the odds of success .One has to trade it on support and resistance , that is confirmed support and resistance as confirmed by price action and market.

Since none of you including Jack Hershey trade real money . the thread has gone of course.

Please dont post multi billion $ Oanda demo accounts.
 
Quote from oraclewizard77:

Jack H has produced over a 1,000 pages for free. He recently called a short on open for the market that proved to be correct. Now no one likes anyone to be successful, but at least he is not going to charge you money to learn his method. 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.
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I once watched a Kama Sutra cartoon , with Kama showing his acts with his woife by aim for target in mid air on one chandelier and the missus on another chandelier.Now Jack's thousand pages can be put on less than 6 pages , a lot of words are like snake oil , a few words say a lot.
 
Quote from oilfxpro:

I once watched a Kama Sutra cartoon , with Kama showing his acts with his woife by aim for target in mid air on one chandelier and the missus on another chandelier.Now Jack's thousand pages can be put on less than 6 pages , a lot of words are like snake oil , a few words say a lot.
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Just go to the one pagers I posted on each application of PEP and code them and use the code to trade.

If you need the code corrected e mail it to me. We have techies here.
 
Only about 1 percent of traders are consistently profitable over several years, and investors who trade more frequently tend to underperform the market, according to Brad Barber, a finance professor at the UC Davis Graduate School of Management who has done extensive research on the issue.


From this one 1% professional must be subtracted


In retail sector profitability is lower as 1 %
-------------------------------------------------

This 1 % is profitable from fortune ... as in lotto ,where
from 10-100 mln operator's exist one ,which won 10-100 $


It it zero summ game ,where retail are dissadvantaged
 
Error correction

was -
-----
This 1 % is profitable from fortune ... as in lotto ,where
from 10-100 mln operator's exist one ,which won 10-100 $
must be
--------
This 1 % is profitable from fortune ... as in lotto ,where
from 10-100 mln operator's exist one ,which won 10-100 mln $


7/8 march 2007 most greatest win in lotto

U.S. Mega Millions

two players won each 190 mln $ .Chans was 1/176 mln
 
oilfxpro wrote -

....Please dont post multi billion $ Oanda demo accounts.

-------------------------------

....belov are trading record of best performer's

all real money

http://www.elitetrader.com/vb/showthread.php?threadid=247149

Corrected list of top performers with results from march 2009 (41 contest months )

first place

1.october 2011 -12725 % canada A.e 1296.08$-166226.28$
2.may 2010 - 3109 % poland A.e. 532.32 $ -17087.65$
3.dec 2009 -2931.95% china A.e. 725.24 $-21989$
4. sen.2010 -2860.58% canada A.e. 546.74$ -16186.95$
5. dec 2011 -2464.12% china A.e. 507.97$-13024$
6. maj 2011 -2116 % china A.e. 523.38$-11600.14 $
7. march 2009 -1951 % hk A.e. 961.10$-19714.24$
8..februar 2012-1918.36% china A.e. 13928$-281128$
9. jun 2012 -1809 % china A.e. 505.50$-9638.01$
10.march 2011 -1711 % macao A.e. 2122.45$-38456.03$
11.april 2009 -1703 % china A.e. 500.78$-9033.73$
12 .sent 2011 -1627 % china A.e. 502.49$-8678.72$

second place
march 2009 -1918.67% usa 2-place


CONTEST STATISTICS

I'm glad you have recently included weekly updates to the monthly KOM contests.

Another feature that I think would be fun and interesting to keep are statistics for each month's KOM competition:

1) How many active contestants are in the competition for that month.
2) What percentage of contestants made money and lost money.
3) What is the percentage range gain/loss for the overall competition

ex) There were 5,000 eligible traders.
30% Finished positive for the month.
08-16-2010 05:06 PM

http://forexforums.dailyfx.com/king...statistics.html
----------------------------

5000 *41 month march 2009 -juli 2012 = approx 205 000 attempt's

Author suspected more ( 1 mln attempts ) as each account with
more as 500 $ account equity -automatic entry
 
Quote from Bob111:

The DIY Investor

http://www.smartmoney.com/invest/stocks/from-pink-slips-to-powertrading-1344974209772/



field day for emg! :p
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More than 90% of small traders lose. They just lose!



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