Reality of Day Trading

[SimpleMeLike]

You are wasting your time trying to convince traders that they are doing things wrong. Just like I'd be wasting my time trying to convince you that your biases are incorrect.

Let traders do their thing. They'll figure it out soon enough. No one here is going to change their $2because of what you or I post.

I agree with deaddog here. Let traders trade however they want to and take whatever risk they want to. Watching youtube videos does not help. Trading the charts is all I want to do

If someone thinks they can turn $1000 into $1,000,000 let me them try

My current goal is to turn $2000 into $1,000,000 in 2 years from trading.

I am not doing this for peanuts.

 

[deaddog]

My current goal is to turn $2000 into $1,000,000 in 2 years from trading.

I am not doing this for peanuts.

The problem is even if you accomplish your goal it is so unreasonable that no one will believe you.

 

[SimpleMeLike]

The problem is even if you accomplish your goal it is so unreasonable that no one will believe you.

I do not care if anyone believes me. I will not tell anyone once I meet my goal.

There is nothing to tell.

Traders bragging is bullshitting.

 

[deaddog]

I do not care if anyone believes me. I will not tell anyone once I meet my goal.

There is nothing to tell.

Traders bragging is bullshitting.

Why bother to post a goal then?
Even the goal sounds like bragging to me.

 

[ChipShotTrader]

Why bother to post a goal then?
Even the goal sounds like bragging to me.

Why such negativity! It can be done, for sure. You have to be an incredible trader, with a solid decade of experience under your belt, and fully capitalized. Your trading account should have a minimum of USD $200,000, and yes, his goal can be accomplished. I know it can...

 

[deaddog]

Why such negativity! It can be done, for sure. You have to be an incredible trader, with a solid decade of experience under your belt, and fully capitalized. Your trading account should have a minimum of USD $200,000, and yes, his goal can be accomplished. I know it can...

I didn't say it couldn't be done, just that if it was done no one here would believe it.
Well maybe you would but most of us wouldn't.

 

[Turveyd]

I agree with deaddog here. Let traders trade however they want to and take whatever risk they want to. Watching youtube videos does not help. Trading the charts is all I want to do

If someone thinks they can turn $1000 into $1,000,000 let me them try

My current goal is to turn $2000 into $1,000,000 in 2 years from trading.

I am not doing this for peanuts.

Get Rich, Retire before the Trading drives you CRAZY!!!!

I just want to hit +$1000 per day every day, is that too much too ask, never get to 50K even, might get hit by a bus at any time money unspent will go negatively for my high score, Game Over, your high score is!!!

 

[wrbtrader]

Too many traders dream of turning that $1,000, $2,000 or even $5,000 into a cool million in no time flat. Before, I burst that bubble. Just watch this video of Humbled Trader tell it how it is. No BS, just how daytrading works and how much you can realistically, make or lose day trading. Whether you day trade or not is your decision however, know the risks and not only the huge rewards you dream up in your head.

Moral of the Story

She mistakenly (admitted) she pays too much attention to the profits of others being posted online and the result was that it impacted her psychologically.

Nothing new about that but it is a constant problem with all these social media formats. People get trick into abandoning their risk management in an effort to compete with those other anonymous traders posting big profits.

I bet she's still following trade alerts by others.

She comes across as someone that should stay away from social media involving her trading...its obviously impacting her social life.

wrbtrader

 

[virtusa]

I didn't say it couldn't be done, just that if it was done no one here would believe it.
Well maybe you would but most of us wouldn't.

Those who can do that will first of all never post it here as they are too smart for that. Why should they post? To be called all kind of names?
My personal experience is that the better I trade the less I post about it on ET.
I am not interested in what is possible or not, just interested in what I can make.

Why should a daytrader be a slave of his screen and sit all day in front of it? If you are good you make in 2-3 hours time more than an average monthly salary, daytrading the ES. If I would be working fulltime I would be a slave, and I would make much less than I do now.

Swing traders need full margin (in futures); a daytrader can use big leverage. Because of the leverage the daytrader does not have to trade the whole day to beat the swingtrader.
The daytrader also never has overnight risk. Each evening the money is in the bank.

Only problem is that being a successful daytrader is for most people never achievable.

 

[ChipShotTrader]

I didn't say it couldn't be done, just that if it was done no one here would believe it.
Well maybe you would but most of us wouldn't.

So!!! He is just short $198,000, cash, and the other "stuff". He can do it!!!

@SimpleMeLike You can do it!

YOU CAN DO IT!