Research on day trading

JackRab said:
When are people going to stop saying it's a game... when you treat it as a game, and say I won x ... you will treat it as a gamble...

It's work... you earn money... treat my work with respect!
More...

Some people are good at games, treating it as a game you want to win, stops the overthinking that real and money on the line creates, might not work for you, but others?

Markets are CHAOS makes for a hard game to win, a game I often consider giving up, but been so close to making it so many times, it will keep sucking me back in.

I mastered day/swing trading stocks 15years back, sadly 25k rule put me out, FX and indexs just dont work the same, to day tradey.

Only solution is raise 25k++++ get back into stocks, no time soon :(
 
ironchef said:
Most of you said that the majority of day traders lost money, and here is an article that quoted some statistics:

http://www.marketwatch.com/story/th...a-profit-are-lower-than-you-expect-2016-08-19

which said 80% of day traders were unprofitable after a year and only 1.6% were profitable net of fee.

On the other hand there is this article:

http://www.cdx3investor.com/ns/articles/apr08_day_trader_research.pdf



Since:



The second article made some sense to me since day trading is more or less a zero sum game, so if most day traders are trading against one another the # of wins and losses must approximately equal.

Their conclusion:



And here is what really counts:



The one group we do not want to trade with is market makers, no one beats them in this game!

And to you professionals here, don't show your disdains towards us small mom and pop traders, you need us to pay your bills.:)
More...

Day trading stocks is not close to being a zero sum game and that is one key reason so few people have been able to make a good living doing it.

In a zero sum game, if one player loses a dollar another player (or the other players collectively) must have won a dollar.

In daytrading, an extremely large amount of money leaves the game in the form of slippage and trading costs, like commissions.

_____

Here is an example of a zero sum game vs a non zero sum game.

A Zero-sum: In a poker game of tough but not equal players, the best player should have a small edge.

B. Minus-sum: In a poker game of tough but not equal players where a very high percentage is taken out of each pot and given to the person hosting the game, it is possible that ALL players have a disadvantage and that all players will lose in the long run.

NOTE: Some minus-sum games are beatable and some are not.

Poker games with a huge rake are not beatable (at least honestly). Daytrading stocks is beatable and the strongest algos are making very big money.

Bonus Tip: stay away from binary options.
 
Last edited:
Turveyd said:
I mastered day/swing trading stocks 15years back, sadly 25k rule put me out, FX and indexs just dont work the same, to day tradey.

Only solution is raise 25k++++ get back into stocks, no time soon
More...

you mastered day/swing trading stocks but never made 25K??? one of the toptraders on ET and stopped because you don't have 25K to trade. you must be stupid to post such a statement. :wtf:
 
schweiz said:
you mastered day/swing trading stocks but never made 25K??? one of the toptraders on ET and stopped because you don't have 25K to trade. you must be stupid to post such a statement. :wtf:
More...
Funny thing is, IMHO this describes many ET members lol...o_O
 
Turveyd said:
Some people are good at games, treating it as a game you want to win, stops the overthinking that real and money on the line creates, might not work for you, but others?

Markets are CHAOS makes for a hard game to win, a game I often consider giving up, but been so close to making it so many times, it will keep sucking me back in.

I mastered day/swing trading stocks 15years back, sadly 25k rule put me out, FX and indexs just dont work the same, to day tradey.

Only solution is raise 25k++++ get back into stocks, no time soon :(
More...
I appreciate an honest person.

Best of luck to you.
 
Turveyd said:
Markets are CHAOS makes for a hard game to win, a game I often consider giving up, but been so close to making it so many times, it will keep sucking me back in.
More...
that was my experience too when i started. chaos, numerous times having the idea that finally it would work, then failure and back to reality and start over again. being sucked in again is a good sign as it means you are interested and motivated. just know when you really have to give up as eternal fighting without any objective results is useless.
remember:many failures are the result of giving up just before a breakthrough.
difficulty is to know when to continue or when to stop...

PS: tried to use the word "automatical" to please Vandervoort, but found no place where to put it. LOL.
 
Turveyd said:
Very few around, nearly gave up recently, trying a different tactic, if that fails then almost definetely time to quit.

Life, never easy
More...

I really do not know how to say it.

You have changed tactics over and over and over.
What if the real problems is not about tactics, but about psychology/"spirituality" ?
May be you just have just one very little issue that'd be sorted and suddenly your trading
would be very good.

Please, if you stop the trading because of failing , just realise that it is because you refused
to sort your own psychology/"spirituality".

Also 25k is not very much : you could make it within 2-4 months.

I am now working with a very losing trader.
After psy/"spirituality" coaching, 3 months managed to go from $3k to $60k,
then blew it all up in 1 day because the person did not want to be asked
by his demanding family any pennies ( yep that can be a reason to give all back, when the family starts to be nice because they saw some accounts statements). Obviously, no way, we'll let the trader give up : we are
stepping up and tuning better the psy/"spirituality".

Feel free to argue.

Disclaimer : I do not coach for money, just a way to give back, as I believe in coaching.
 
Last edited:
smallStops said:
I really do not know how to say it.

You have changed tactics over and over and over.
What if the real problems is not about tactics, but about psychology/"spirituality" ?
May be you just have just one very little issue that'd be sorted and suddenly your trading
would be very good.

Please, if you stop the trading because of failing , just realise that it is because you refused
to sort your own psychology/"spirituality".

Also 25k is not very much : you could make it within 2-4 months.

I am now working with a very losing trader.
After psy/"spirituality" coaching, 3 months managed to go from $3k to $60k,
then blew it all up in 1 day because the person did not want to be asked
by his demanding family any pennies ( yep that can be a reason to give all back, when the family starts to be nice because they saw some accounts statements). Obviously, no way, we'll let the trader give up : we are
stepping up and tuning better the psy/"spirituality".

Feel free to argue.

Disclaimer : I do not coach for money, just a way to give back, as I believe in coaching.
More...

I was profitable for over a year $700 turned into just over $10,000 at the high before losing the plot sadly.

Pyschology isnt the issue, its a method that fits the current news led crazy market conditions which are crazy extreme, what with Trumpy and NKorea trading blows, the stupidity of brexit.

New method 100% win rate so far in 3weeks, so looking good, sadly only 1 trade lol

Main issue too damn busy, running a business, riding bikes, kids, falling apart ex's, womanising, why trying to go more intraday swing longer holds.
 
You must log in or register to reply here.
Back
Top