Day trading is losers game

[oilfxpro]

Quote from SUPERIOR1:

oilfxpro the reason why you say day trading is a losers game is because you have failed to become a day trader

because you didn't go to a good college and go work for a real institution (Goldman Sachs)

because you are egotistical, because you are bad at learning

and maybe because you are not that smart,but smarts does not matter.

Don't take it as an attack. Just stop being such a dick head when there are so many people who are rich day traders. It is possible. You probably have some random day job and don't make allot of money. You run around as the antagonist for everything. Stop being this, and start being a student.

This is the type of unintelligent posts we get on e t.

 

[cornix]

Quote from oilfxpro:

This is the type of unintelligent posts we get on e t.

The question is: are you honest to yourself when reacting to this post in a certain way?

 

[Cheese]

Quote from PHOENIX TRADING:

No successful business blithely ignores costs, that only happens with fools pontificating on the internet or daydreaming in mom's basement.

You continue to miss the point. Trading costs are not ignored. They are known and are immaterial to successful trading (for example in CL). But in business in general marginal cost theory applies in which again you would have no experience.

You should try to learn what is relevant to being successful rather than exposing your inexperience. But of course no harm is done if you want to stay behind most others and prefer playing aimlessly in a fools playground like a baby. As mentioned before, if you are not successful you know nothing.

 

[mm19]

Quote from Bob111:

anyone profitable for six years straight? press 1 ... how about six years,every single month? press 2

hope you not pressing 2 ?!? if yes then average return must be at least 5% from statistics. If so, you have made 33x original.

Have you ???

i guess not as you cant compound :eek:

waste of time. better work as a programmer. you get paid better.

 

[cornix]

Being profitable every month sounds like a realistic goal for day trader.

 

[mm19]

Quote from cornixforex:

Being profitable every month sounds like a realistic goal for day trader.

everyone different. one should not leave good job for daytrading. It is harder work and unsecure pay. And health issues. Office at home fantasy gets worn out.

 

[cornix]

Quote from mm19:

everyone different. one should not leave good job for daytrading. It is harder work and unsecure pay. And health issues. Office at home fantasy gets worn out.

That I agree with. If I knew before started to trade how difficult it is, would rather do something else. Now it feels almost like fun, but objectively it's one of the hardest ways to make money.

Correction: it's one of the hardest ways to learn before you actually make consistent money.

 

[mm19]

Quote from cornixforex:

That I agree with. If I knew before started to trade how difficult it is, would rather do something else. Now it feels almost like fun, but objectively it's one of the hardest ways to make money.

Correction: it's one of the hardest ways to learn before you actually make consistent money.

well I am kind like somwewhere there too. however I decided to go for less frequency and scalability especially once i experienced health issues shortterm trading FX. I also like high % win.

I have no problem with large swing position as my odds are well tested over years.

I also keep my reasonably paid job.

 

[PHOENIX TRADING]

Quote from Cheese:

1)You continue to miss the point. 2)Trading costs are not ignored. They are known and are immaterial to successful trading (for example in CL).3) But in business in general marginal cost theory applies in which again you would have no experience.

4)You should try to learn what is relevant to being successful rather than exposing your inexperience. 5)But of course no harm is done if you want to stay behind most others and prefer playing aimlessly in a fools playground like a baby. 6)As mentioned before, if you are not successful you know nothing.

1) I'm good at that.
2) are you sure we're still talking about daytrading?
3) yeah , you know I have no experience: how?
4,5,) Wow you impress me with your condescension you must be a great trader . Please Please be my mentor.
6) still looking for the holy grail yourself eh?

 

[PHOENIX TRADING]

Quote from cornixforex:

Stupid questions don't exist. Stupid answers do.

You seem to be really upset that I picked 6 years of contiguous returns as being "consistent".

Why how many consecutive years of excess 100% returns are you claiming to have through daytrading?