Reality for an Individual Trader

[marketsurfer]

Wow, this guy keeps dropping revelations. I didn't know that there are no successful full-time retail day traders. So not a single person here trades for a living independently? If that's true, then why would anyone buy your book?

The book is not about day trading.

 

[Xela]

I'm not saying it's illegal... just that's it's stupid.

And then trading on your phone, claiming that you will make 100% /month... while probably on a sim-account.... then opening (also 10k) an account with Nadex, trading binaries???

That makes it even more stupid, assuming this is even real to begin with.

This - exactly so.

(Nadex is owned by a bucketshop and pays people to mention/promote them in trading forums.)

 

[carl0215]

The reality for an individual trader is there are hacks lurking on trading sites..beware. Hacks that create multiple aliases to hammer home that trading is impossible. Then come back as a big fat white knight to save the day with a trading system that's not a trading system that's TA but it's not TA. But TA is statistics so statistics are TA?

 

[bone]

If a retail trader can stay away from higher frequency trading strategies I personally believe there's no reason that he or she cannot be successful. Especially if that trader has sound position management rules.

My belief is that electronic markets have enhanced retail opportunities for traders who choose to compete outside the high frequency domain.

 

[chartman]

I am interested in trading commodity futures, but I question whether it is realistic for an individual investor to compete with pro traders who have decades of experience. I have a genuine interest in this investment vehicle and not interested in a get rich quick scheme. I am willing to put in the time and hard work to educate myself. However, I don't want to be naive when it comes to thinking I or anyone who hasn't worked as a professional trader on the inside can be profitable in the long run.

Any feedback would be appreciated.

There is one truism that you need to be aware of from the start of your trading. Don't expect some one to give you advice that will make you a successful trader. If they know anything worthwhile you can be assured you will be the very last person on earth they will share it with.

 

[learner2007]

There is one truism that you need to be aware of from the start of your trading. Don't expect some one to give you advice that will make you a successful trader. If they know anything worthwhile you can be assured you will be the very last person on earth they will share it with.

It's not really fair to the OP to discourage him from taking any and all advice. True, he may not receive those closely guarded secrets that have been handed down from father to son throughout the ages. But as a beginner he may benefit from basic advice he may receive here, in books or elsewhere. Hopefully, even regarding basic advice, he and others like the OP will be able to recognize sound advice from that given by those talking through their hats.

 

[Xela]

Don't expect some one to give you advice that will make you a successful trader.

I'm glad nobody told me that, when I started (just in case I'd believed it: it would have made my learning-process impossible) ... and it would take away a lot of the value of forums, if it were true.

 

[Buy1Sell2]

There is one truism that you need to be aware of from the start of your trading. Don't expect some one to give you advice that will make you a successful trader. If they know anything worthwhile you can be assured you will be the very last person on earth they will share it with.

FALSE

 

[chartman]

FALSE

UNLESS THEY HAVE BOOK OR SURE TO MAKE MONEY COURSE TO SELL!!!

 

[bone]

UNLESS THEY HAVE BOOK OR SURE TO MAKE MONEY COURSE TO SELL!!!

Well, based upon on a quick overview of your own posts your admonition holds water - not much at all about trading. Strangely enough you know quite a bit about credit card policy.