Is Daytrading difficult or impossible ?

[Overnight]

Yes, I stopped reading this guy's posts (B1S2) several weeks ago, I believe he is clueless, his posts are just adding noise.
Sorry about being brutal but telling it as I see it.

I *think* I understand what B1S2 is trying to say here...

1. Successful day trading is the easiest endeavor to undertake...Yes, it is. All it takes is a few thousand bucks in a live broker account, and a trading platform. That is an easier endeavor to undertake than a trip to the summit of Mount Everest.

2. We undertake day trading to be successful...That is the goal.

3. But most folks fail at being successful doing it.

If that is your meaning, B1S2, you did not intone your meaning properly. Stop with the word games. Just say what you mean. Ug.

 

[digitalnomad]

Yes, I stopped reading this guy's posts (B1S2) several weeks ago, I believe he is clueless, his posts are just adding noise.
Sorry about being brutal but telling it as I see it.

Clueless no doubt. He should change his forum name to HalfDeck.

 

[Buy1Sell2]

I *think* I understand what B1S2 is trying to say here...

1. Successful day trading is the easiest endeavor to undertake...Yes, it is. All it takes is a few thousand bucks in a live broker account, and a trading platform. That is an easier endeavor to undertake than a trip to the summit of Mount Everest.

2. We undertake day trading to be successful...That is the goal.

3. But most folks fail at being successful doing it.

If that is your meaning, B1S2, let us know.

No. This is not what I meant. When I used the word Successful, I meant that the day trader makes money, not just opens an account.

 

[Overnight]

No. This is not what I meant. When I used the word Successful, I meant that the day trader makes money, not just opens an account.

Then please interpolate the following, so us less logical circuits of the system can understand what you are saying...

...Successful day trading is one the easiest endeavors one can undertake. --Most day traders will not be successful.

So you are saying that successful day trading is easy. But most day traders will not be successful because successful day trading is not easy. Error! Not logical!

 

[Buy1Sell2]

Then please interpolate the following, so us less logical circuits of the system can understand what you are saying...



So you are saying that successful day trading is easy. But most day traders will not be successful because successful day trading is not easy. Error! Not logical!

The explanation lies directly before you. Can you see it? Ask yourself "If successful day trading is easy (which it is), why would it be that most day traders will not be successful?". The reason stands firmly within your grasp.---Izzy

 

[comagnum]

Less is more in trading. Those that can be patient and wait for their specific setups have a distinctive advantage. And I mean waiting for weeks to even months at times. A lot of traders that preserved or expanded their capital during the dot.com crash went broke trading the long, flat, whipsaw, market conditions as the bear carved out a bottom. A seasoned trader learns how to determine when the time is favorable for their strategy to have an edge, the rest of the time they stay out.

 

[SoesWasBetter]

Gotta better one

Or the account is closed by the margin clerk

 

[ironchef]

Less is more in trading. Those that can be patient and wait for their specific setups have a distinctive advantage. And I mean waiting for weeks to even months at times. A lot of traders that preserved or expanded their capital during the dot.com crash went broke trading the long, flat, whipsaw, market conditions as the bear carved out a bottom. A seasoned trader learns how to determine when the time is favorable for their strategy to have an edge, the rest of the time they stay out.

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What you said make sense but it is like timing the market. Most said it is almost impossible?

 

[Buy1Sell2]

Less is more in trading. Those that can be patient and wait for their specific setups have a distinctive advantage. And I mean waiting for weeks to even months at times. A lot of traders that preserved or expanded their capital during the dot.com crash went broke trading the long, flat, whipsaw, market conditions as the bear carved out a bottom. A seasoned trader learns how to determine when the time is favorable for their strategy to have an edge, the rest of the time they stay out.

View attachment 175538

Excellent posting. This is certainly part of the solution to the enigma that overnight is experiencing.

 

[Joe_D]

This discussion keeps coming up on ET. To those of us who trade for a living, the question is silly. The answer is....daytrading is difficult. There are many endeavors which are more difficult, becoming an astronaut is more difficult, transplanting a kidney is more difficult, making the Olympics is more difficult as is becoming fluent in 6 languages, playing Paganini flawlessly by sight reading, becoming a Grand Master in a martial art etc etc.

People who aspire to these kinds of things don't come to anonymous online forums to ask if these things are possible, they set their goals and get to work. They (we) may fail but the surest way of not succeeding is to not try.

I don't encourage to get into this as most will not do what it takes but I will not discourage anyone who understands the difficulty and goes forth anyway.

I leave you with this...

It ought to be obvious to you with 1600 posts by now - with just about 20 posts I am reeling in shock that its already clear this place is a

Might as well make the best of it for death comes to us all

Cheers