They all kinda do. But then they see the same things, tweet, someone else sees that and retweets - they all build crowd momentum.
Reality of Day Trading
- Thread starter smallfil
- Start date
They all kinda do. But then they see the same things, tweet, someone else sees that and retweets - they all build crowd momentum.
You take trading advice from a retard?
Do not need to take trading advice from anyone. I am a self-taught trader. More skeptical than your average trader. What advice are you talking about? The fact that she said, day traders risk huge amounts of capital to get those huge returns? That is true isn't it? That she blew up her account? That is true as well. Now, this is implied, she said she traded 10 times the normal size she trades when she blew out her account? She said she added a zero to her trading size. It also, implies she followed a risk management and position sizing method before she made the decision to suddenly, increase her trade size? Now, that is the most valuable part of the video. Now, the real retards are those who think they can trade the stockmarket without proper risk management and position sizing.
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I like the stacks of cash and the Asian gal. Where is the appropriate BLING? I am not sure what it should be? It pretty funny if you have ever tried to get over 10K in cash from a bank, never mind 100K in cash. I would like to see those notes they use for inter bank transfers. I think they are 1000 USD denominations. Sorry, just rambling and waiting for a trade to ripen.
It would be Timothy Sykes displaying bundles of cash to supposedly, inspire people. Newbie day traders lap it up and dream of scoring millions with their $1,000 or $2,000? That is not counting the Lamborghini's and mansions? He probably, makes millions off his legions of day trading students. Way more lucrative than, actually, trading the stockmarket?
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They should get a pro mountain biker, pro snowboarder, pro gamer to be examples of people who do it. Seem like a good demographic cross over.
I don't see an issue, ignore the amount up to the point where it's hard to get enough contracts, 3K to 6K is the same trades, maybe she's just good, it's just a matter of finding setups even if there 50/50 where you can make 5x's more than your risking, then repeat that a few times, then zero real risk.
She sounds too vague. I doubt she lives off daytrading and I might be wrong :-D
The reality of daytrading is that to make 5,000 drawdown or profit you can spent several days in front of your screen while when swing trading you can make the same amount and not sitting in front of your screen and doing much funnier activities like cycling, swimming, fucking, sleeping, eating ... as a daytrader you are a slave of your screen and it has to payoff otherwise you are wasting your life
The reality of daytrading is that to make 5,000 drawdown or profit you can spent several days in front of your screen while when swing trading you can make the same amount and not sitting in front of your screen and doing much funnier activities like cycling, swimming, fucking, sleeping, eating ... as a daytrader you are a slave of your screen and it has to payoff otherwise you are wasting your life
A lot of trades or a lot of leverage, or both. Either way seems like a bit of a mismatch. Akin to driving too fast in a car not built for it or too fast in poor road-weather conditions. It is possible, but not advised. In other words, one can still get to their destination, but just not so quickly and with greater certainty unharmed. But then again, there is no thrill! And that is what they are targeting right?
Day trading is not for everyone, me included. The problem is you are under pressure to make monies every single day. With Swing trading, I can take it easy as you say and not make monies every single day. I could have a week where I did not make monies, a week where I made a small amount of monies, other weeks still with a small loss of monies. And the best weeks, is when you make thousands of dollars when you close out positions. Now, that is payday and you have been rewarded by the stockmarket for your time and patience.