No day trader on this planet can make yearly profits

[SunTrader]

"I can't do it, so no one else can" yetttttttt again.

 

[wrbtrader]

Been in this game for over 25years and yes we made money day trading back in the 90's but that was as a floor trader seeing real life bid offer in the pits . We scalped and won because we could see the big orders coming through from the brokers on the phone.

In todays world Day traders might have a lucky year and show a net positive result in a year but year on year they will lose. Fact is no day trader can sustain profits year on year. I have seen traders who have a had a few year lucky streaks only to lose everything they had amassed over the year and some more in a year.

Unless you are a bot you are NOT going to beat the market day trading.

If you are a day trader stop the gambling today and either go long term or if you still fill like gambling then go to Vegas where you will have more success.

Seems like you're saying you've spent some of those 25 years trading as a floor trader.

Then at some point, you tried your hand as a day trader without giving any reason why you stopped being a floor trader.

Next, you failed at day trading although most likely you had a few year lucky streaks.

I'm curious why you stopped being a floor trader and which years were your lucky years at day trading. Also, did you trade the same trading instruments as a floor trader and then as a day trader ?

Maybe the above is rhetorical because I don't expect you to reply nor answer the above questions.

wrbtrader

 

[ironchef]

Nonsense. To think that trading randomness can be profitable. And OP did say ‘over a year’

He did say martingale. With large/unlimited capital, it should work, e.g., for Goldman and your pro boys.

 

[ironchef]

I watched him trade TSLA, it was a disaster. He just kept DCAing until it moved favorably.

If he was profitable in the end, nothing wrong, good strategy.

 

[dozu888]

He did say martingale. With large/unlimited capital, it should work, e.g., for Goldman and your pro boys.

define 'work' lol.... that is pure gambling with no positive expectancy.... I'd not call that profitable trading...

 

[ironchef]

As others I'm pretty sure do make money, maybe your just a moron ??

Be nice. Why can't you winners be a little nicer to us losers?

 

[nooby_mcnoob]

If he was profitable in the end, nothing wrong, good strategy.

Going long in a bull market isn't hard.

Here is some more information from the "not a trader" perspective:

https://www.reddit.com/r/path%3D%252Fr%252Finvesting%252Fcomments%252Fa3xy7p%252F

 

[ironchef]

Going long in a bull market isn't hard.

So everyone on ET should be printing money.

 

[nooby_mcnoob]

So everyone on ET should be printing money.

Aren't you? I use a very small amount for trading which lets me post screenshots of 20% returns at least once a week. The rest is in DRIP.

 

[nooby_mcnoob]

FWIW, here is today's

And yesterday's:

Edit: and I've tested this strategy can scale about 10x capital without much slippage.