Do you think this is the truth about day trading?

[speedo]

i dont even read garbage like this anymore

Evidently you do.

 

[TimMykes]

not sure why im not a billionaire trading against the millions or turkeys out there

was in a room on youtube where the mod bought AI on the way up at 104 , it hit 109 and halted

I told them would be back under 100 in seconds on the reopen

BOOM right back down <100

when i actually see traders do their thing in realtime, its almost always an amateur show

 

[TimMykes]

Evidently you do.

no mr 6000 useless posts, i meant i dont read the article.

 

[TimMykes]

that turkey bought 104 , and prob didnt sell on the pop

98 now

 

[TimMykes]

DASH , lol this will be fun

 

[blink18]

I bought my first stock over 40 years ago, so I have been doing this for sometime. The only individuals I know personally who retired with a million plus from investing were those who bought shares of companies at their IPO's or shortly thereafter, then they continued buying shares up to a certain point, the company's did well for 20 to 40 years and still existed after that amount of time. Otherwise most had very mediocre returns or just outright lost money investing.

Survivorship bias.

 

[speedo]

no mr 6000 useless posts, i meant i dont read the article.

You read my 6000 posts over 17 years, I'm flattered,

 

[vanzandt]

not sure why im not a billionaire trading against the millions or turkeys out there

I know why I'm not:

I've gotten better though.

 

[newwurldmn]

The people who fail at day trading would likely fail at many demanding professions taking serious effort and preparation and practiced with patience, discipline, focus and courage.

i disagree.

Other professions have a high certainty of success. That is if you do the right things the right way, you have a 95%+ chance you will be at least moderately successful.

Trading has a very high degree of randomness. That is if you do the right things the right way, you only improve your chance of being successful modestly (if you are lucky to over 50%)

Also, Investing is very different from trading. Its probably as difficult to beat the market on a risk adjusted basis as it is for a trading account to beat the risk free rate; however, its much easier for an investor to earn a positive return compared to a trader because investments pay dividends and the economy is always improving.

 

[speedo]

i disagree.

Other professions have a high certainty of success. That is if you do the right things the right way, you have a 95%+ chance you will be at least moderately successful.

Trading has a very high degree of randomness. That is if you do the right things the right way, you only improve your chance of being successful modestly (if you are lucky to over 50%)

Yes but most of those other professions have significant barriers to entry along the way, formal education, grades, degrees, certifications, licenses etc. With trading, slam some dinero into an account and instant "trader". Will "success" be random for the unprepared?...Damn straight!