again, you speak for the majority and yes nobody, me included, should fault them (the successful traders) for not wasting their time. But then again a minority either has an ingrained need to boast through providing evidence of their success or because they have this intellectual desire to pass something on of what they perceive as (non-monetary) value. You see such people on the hedge fund and banking side. You see such people on the entrepreneurial side. You see such people on the academic side. But we do not see such people on the daytrading side. So, statistically speaking, if you have not a single proof of daytraders' success one has to ask him/herself how to extrapolate from zero. I can show you public proof of successful hedge fund and bank traders. It all exists. But not of a successful day trader who for whatever reason went to the extent as to provide evidence of the ability to be successful as a day trader in 2014 (and prior years). I hope that makes the point clearer. Again, nobody asks the majority of people to prove anything. It is simply a statistical anomaly why there is hardly a single proof out there that daytraders still can reap profits over time. And I am a firm believer in sound statistical and probabilistic approaches to thinking.
I hate engaging in these mindless discussions but i just had my coffee and here's my 2 cents. Perhaps it's not a question of fear that one may reveal too much info but a question of proper motivation. What incentive is there for me to post a few trades so that even if they all turn out winners some anonymous poster can say kudos?
This subject comes up constantly on ET and over the years i've noticed that you always get the naysayers matched up against the braggers and the discussion goes nowhere. I personally know a handful of independent traders who make anywhere between 1-5m per year so 5-20k means a good day's work for them. So why not offer them let's say half of a day's work and in return ask to review their statements with matching tax returns and cleared tax payments. Surely a cleared check to the IRS is enough proof, no?
So, If after years of study you are so certain that no one makes money then why not offer proper motivation and see who comes out of hiding. But of course you won't do that because 1) you don't have the disposable income to support such inquiry and, or 2) it won't serve your hidden agenda.
