Do you think this is the truth about day trading?

[TimMykes]

proof of how ripped I am and how bad most traders are

GLSI up $40 a share to 130 JUST since my post here. 15 minutes ago Tried to help ya

only up 2300% today

how much you get ?

i sold 1/2 my shares

will watch for the rest for a good exit

 

[TimMykes]

ps , if you can prove your account blew up shorting GLSI , we can arrange a bailout

 

[TimMykes]

got out thet rest at 158 area

massive win

I just posted a $65 move here live

just a taste of what a real trader can achieve

 

[TimMykes]

also tells me none of you got on the GLSI train today when we all got the word

You have to trade the right stonk. Thats the key . And not get too greedy, 2000% was enuf for me.

 

[TimMykes]

GLSI just reopened at 90

my exits were , pristeen.

and posted live

just a small sample of what skilled daytrading looks like. i realize its rare to see it in action, but you just did

 

[Arnie]

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.

This is a good point. The shorter your time frame the more noise you deal with. Add to that tight stops, that are more likely to get taken out on shorter time frames, and more in commissions since you are trading more often, and you have a tough row to hoe.

My trading became much more consistent, profitable an enjoyable once I took a longer view at it. Most of my trades are days and weeks long.

Some people approach it like any other endeavor...study, work hard, and you will be successful. But this isn't an exact science.

 

[TimMykes]

 

[TimMykes]

This is a good point. The shorter your time frame the more noise you deal with. Add to that tight stops, that are more likely to get taken out on shorter time frames, and more in commissions since you are trading more often, and you have a tough row to hoe.

My trading became much more consistent, profitable an enjoyable once I took a longer view at it. Most of my trades are days and weeks long.

Some people approach it like any other endeavor...study, work hard, and you will be successful. But this isn't an exact science.

i make a nice living trading against slow holders

 

[TimMykes]

This is the kind of nitwit I trade against , seen on the tos platform. I mint money vs guys like this

 

[TimMykes]

50 now , lol, my live exits , epic

of course, no one was caught holding this absurd bag in the 150 area. betya cant find a single admit.
maybe one guy in Wisconsin