Do you think this is the truth about day trading?

[padutrader]

if you look at your accounts trading costs n fees as a whole and reduce those by 90% i bet a majority of dayvtraders would be net positive.

YOU ARE DAMN RIGHT

add slippage to that

 

[padutrader]

most traders get whipsawed by volatility and get stopped out because they trade away from ema.

the ema is where everyone is in agreement and so volatility is least-it is never non existent and if it was, it would be hell for any trader- and so stops can be fairly tight

 

[tradeking007yahoo]

interesting i thought the ema fmwas calculated after price? pull up a 12 month ema on the nasdaq. show me how much you missed.

 

[777]

How many people managed to bring home the bacon by investing? Very few !!!
How many people managed to bring home the bacon by doing swing trading? Very few !!!
How many people managed to bring home the bacon by day trading? Very few !!!

Who are those who made it?
Those are the people who have great passion and work very very hard
to be in the top 1% category.

So stop thinking day trading is the worst of the worst !!!!
the writer is probably some lazy trader who just spends a few minutes a day staring at the computer to trade.
You need to stare at the computer for many many many hours a day !!!
And you need to spend thousands and thousands of hours to develop the holy grail. If you just spend a few hours only, it wouldn't work.

What is the bottom line?
Whether you are investing, doing swing or day trading,
you have to sweat blood in order to be successful.

Everyone who held to get SPY since inception did well

Everyone who held Berkshire Hathaway since inception did well

Anyone in their 20's who presses MAX and MARKET on their tax efficient retirement account figures to do well. If self-directed, suggest loading up on Berkshire Hathaway and holding

 

[TimMykes]

interesting i thought the ema fmwas calculated after price? pull up a 12 month ema on the nasdaq. show me how much you missed.

hes talking about the 30 second ema

 

[TimMykes]

Everyone who held to get SPY since inception did well

Everyone who held Berkshire Hathaway since inception did well

Anyone in their 20's who presses MAX and MARKET on their tax efficient retirement account figures to do well. If self-directed, suggest loading up on Berkshire Hathaway and holding

a very bold call. you're a real swinga

 

[tiddlywinks]

Everyone who held to get SPY since inception did well

Everyone who held Berkshire Hathaway since inception did well

Anyone in their 20's who presses MAX and MARKET on their tax efficient retirement account figures to do well. If self-directed, suggest loading up on Berkshire Hathaway and holding

Hungry and homeless while waiting.

Hope has been debunked as a profitable strategy.

 

[Snuskpelle]

Statistically it's true in aggregate, but if you define some conditions to filter out people that never had a chance in the first place it probably looks better.

Yet it remains that the main problem with DAYtrading is the many market regimes where jack shit happens that can be traded IMO... 2020 is an exceptional year in that regard.

As @tiddlywinks says above, hope is not a profitable strategy.

 

[maxinger]

This is a typical career progression :
long term investor ---> swing trader ---> day trader --> financial freedom


This is possible but probably not that common :
day trader --- > swing trader --- > long term investor --> financial freedom



of course, the probability of reaching financial freedom through

day trading,
swing trading, or
LT investing

is very slim

____________

 

[7UP]

I have just seen this article. What do you think?

This is the bitter truth.
Why does the industry invite everyone to trade? Because they wants you make money? Or they wants make your money?) Most people give something useful to others and get paid for it. Its normal. But a private trader does not receive payments from other poeple for some products, he bets. Sometimes he wins, but more often he pays out of his pocket.