Day trading is losers game
- Thread starter oilfxpro
- Start date
Frankly, I never trusted those fancy looking sites selling courses too, mainly because successful trading is not as easy as "buy PDF course, read it and make tons of money". Can't say I didn't buy a few systems and courses in the beginning of my trading journey, one of the brightest samples to mention was MA crossover system I bought for like $1000 back in early 2005.
It's real serious craft, which demands many many days of hard work, best if under supervision of the experienced mentor who is really motivated to make you a successful trader, not just to sell you a course and forget.
Trading costs in trading and in daytrading also are immaterial.
The gyrations of price (eg CL) provide abundant opportunities in daytrading and the trading costs to me are almost meaningless. As in anything failure or insufficient success or inadequate capabiities blind the many who will never get to the higher levels of material attainment.
However success is still there for the taking!
If you are not successful you know nothing.
The gyrations of price (eg CL) provide abundant opportunities in daytrading and the trading costs to me are almost meaningless. As in anything failure or insufficient success or inadequate capabiities blind the many who will never get to the higher levels of material attainment.
However success is still there for the taking!
Quote from Cheese:
If you are not successful you know nothing.
The gyrations of price (eg CL) provide abundant opportunities in daytrading and the trading costs to me are almost meaningless. As in anything failure or insufficient success or inadequate capabiities blind the many who will never get to the higher levels of material attainment.
However success is still there for the taking!
Indeed, retail commission for CL is how much, like $5/car/RT? That's truly negligible compared to the great moves CL regularly has.
1) I don't think anybody is consistently getting 100% returns year in and year out in the first place. If they are they are 1 in 100 million people.
2) the variability of returns /vs certainty of expenses makes #1 decidedly less attractive
Quote from halfwaythere:
Hey all, first time poster, and this thread was really quite amazing.
It's really no wonder to me why there are so many losers in the name of day trading, just look at the rampant pessimism and negative attitudes. Trade doesn't do my way? "IT MUST BE RIGGED" What a bunch of whiny girls.
I become profitable after 3 months of trading the TF. It's not rocket science, and I don't consider myself above average in intelligence.
Those who can - do. Those who can't - put there account in mine
Well good luck , I think you're gonna need it.
I read a study put out by finance professors , I believe it was the brokerage info from taiwanese market .
conclusion only 1% of day traders are consistently profitable and the more frequently you trade in general the worse your results.
Quote from Cheese:
Trading costs in trading and in daytrading also are immaterial.
If you are not successful you know nothing.
The gyrations of price (eg CL) provide abundant opportunities in daytrading and the trading costs to me are almost meaningless. As in anything failure or insufficient success or inadequate capabiities blind the many who will never get to the higher levels of material attainment.
However success is still there for the taking!
No successful business blithely ignores costs, that only happens with fools pontificating on the internet or daydreaming in mom's basement.
Quote from Cheese:
Trading costs in trading and in daytrading also are immaterial.
If you are not successful you know nothing.
The gyrations of price (eg CL) provide abundant opportunities in daytrading and the trading costs to me are almost meaningless. As in anything failure or insufficient success or inadequate capabiities blind the many who will never get to the higher levels of material attainment.
However success is still there for the taking!
When it goes wild and haywire , losses are not made ,just profits.
Hey Olix....
Do you think Scott Redler is a scam? Mike Lee? Steve Levay? Pete Renzulli? Mark Sperling? Evan Lazarus?
Check out T3. Real traders. 100% total transparency. And they offer education and mentoring.