If you are a day trader with a persistent edge, are you a millionaire yet?

Are there any profitable day-traders? Probably yes.

However, very few people can day-trade successfully. Day traders make brokers rich with many costs. Brokers love day traders.

I'm a swing trader where there is less noise. I personally believe swing trading is the sweet spot between enriching the broker (day traders) and compounding benefits.
 
Blaze said:
I'm a swing trader where there is less noise. I personally believe swing trading is the sweet spot between enriching the broker (day traders) and compounding benefits.
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Full time or as a sideline?
 
I have come across two or three people on here who sound as if they are profitable day traders. It is hard to tell for sure of course, as a lot of people talk a good game, but some of them ring true to me at any rate.

I think I agree with tradex - it is easier to perhaps think you are have an edge on higher time scales simply because you make less trades and so can win for quite a while before the lack of an edge catches up with you. I suspect that few swing traders make money too, but maybe I am wrong. Trading is hard.

Lose money fast or slow, you still end up with the same amount of nothing, as poker player Amarillo Slim was credited with saying many years ago, a quote that has always stayed with me.
 
QTrader20 said:
to back test trading ideas
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ideas !!!!!!!!!!!!!!!!!!!!!!

bull and bear strength is not 'IDEA'......it is a fact.......

how on earth do you back test bull or bear strength.....you have to judge it continuously to know what trades to put
 
Tradex said:
I am warning you, any other "cute" comment like that and you will end up in my Ignore basket, I have zero tolerance for that kind of rude behavior.
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Tradex, as a nobody who probably just started trading last year, your ignore list is completely irrelevant. Sounds like your parents always told you that you're important but this is the real world and you don't matter.
 
d08 said:
Tradex, as a nobody who probably just started trading last year, your ignore list is completely irrelevant. Sounds like your parents always told you that you're important but this is the real world and you don't matter.
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Ask your psychiatrist to increase your Valium dosage, the one you are currently taking (20 mg) does not work anymore, obviously.
 
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