Study says Daytrading for a living is virtually impossible.

ironchef said:
Do you have statistics within your company on how profitable were your company's clients who day traded?

Thank you for your answer in advance.
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I dont to be honest and I dont want to "guesstimate" and get in trouble with regulators / compliance.....
Feel free to PM me and i wil do my best to share info I am able to.
 
Cannon_Trading said:
I dont to be honest and I dont want to "guesstimate" and get in trouble with regulators / compliance.....
Feel free to PM me and i wil do my best to share info I am able to.
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Thank you for your response. I realized this forum is not an appropriate place to talk about proprietary information.

Actually I don't need to know. My broker published/displayed a lot of data/outcomes on investing. They have platforms to facilitate and encourage frequent/day trading but never published any results/studies on day trading even though they made a lot more money from us frequent traders than the buy and hold folks.

Best wishes to you.
 
lentus said:
a lot of people think this guy is a scammer :)
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I don't think it's a customer scammer wrap, but rather that he hijacked someone else's work and then laid claim. A less scammy type of scammer? LOL IDK... Nonetheless, I think Pesavanto has some interesting setups for those interested in more esoteric studies and setups.
 
tiddlywinks said:
I don't think it's a customer scammer wrap, but rather that he hijacked someone else's work and then laid claim. A less scammy type of scammer? LOL IDK... Nonetheless, I think Pesavanto has some interesting setups for those interested in more esoteric studies and setups.
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every scammer has setups. I create a set up in the bathroom every time I go. Interested?
 
bbpp said:
The worst retail traders are a lot worse than the worst pro traders.
The best retail traders are a lot better than the best pro traders.
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What?

I know personally of a pro equity trader that makes $250 mil a year for an investment bank, 1 person alone. What you are saying does not make any sense at all. Do you think a retail trader with his $100k profit could do this better than the pro trader I know with his $250mil per year? BS.
 
traderslair said:
What?

I know personally of a pro equity trader that makes $250 mil a year for an investment bank, 1 person alone. What you are saying does not make any sense at all. Do you think a retail trader with his $100k profit could do this better than the pro trader I know with his $250mil per year? BS.
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I'm sorry, do you expect idiots on a retail forum to make sense?
 
traderslair said:
What?

I know personally of a pro equity trader that makes $250 mil a year for an investment bank, 1 person alone. What you are saying does not make any sense at all. Do you think a retail trader with his $100k profit could do this better than the pro trader I know with his $250mil per year? BS.
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There's always exceptions and that's just one person you know. I don't understand how we can completely disregard or disprove his statement off of one person you know. Also, you never said how much capital hes trading to make the $250mil a year. Lastly maybe the 100k guy makes more percentage, so who's to say he couldn't learn to trade more size?
 
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