when you ever work in this industry for a longer period of time you will stop believing anything people tell you and start believing only what you see on paper.
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What is the average can a day trader manage and earn on wall street?
- Thread starter tonyzhou
- Start date
well, I would never question your performance, you state it is such and I take it for face value. My point altogether was that there is no proof in public domain of recent success of day traders. However, there is such in most any other domain of financial trading whether it be high frequency, mid frequency algorithmic trading, whether it be hedge fund trading (with their myriads of different investment and trading styles), market making on the banking sell-side, among others. Just no public authentic proof of successful day trading. This cannot be argued, it is a hard fact, and if anyone wants to disprove it then please point me/us to it. There is public and audited proof that there are highly successful swing traders, or those who hold positions longer. But where is there any public record of multi-year success by any single day trader? There is not (at least not recently). And most every trader/investor portrayed even in Schwager's books holds positions overnight. The facts are not a blanket statement they are simple facts. But again, I do not question anyone's individual performance, including yours, because I do not care to be honest. I am not impressed because after all is said and done it is just a statement made by an anonymous internet user to another anonymous internet user. Truth? Fiction? Who knows thus I do not bother to figure it out. I just point out the facts.
No thats just what you believe utter bollox, stock swing traders do okay maybe 20% per year, the big money is made and lost intraday, not full scalping but fast trading, i have in all my years trading never met a swing trader in indexs or forex that is profitable, but loads of intraday traders.
Then maybe you can explain to me why most every hedge fund trader holds positions overnight rather than purely trading intraday. If day trading is so profitable why is the same approach rarely if ever employed at hedge funds? The reason, I can assure you, is certainly not only because hedge funds must trade larger positions with more market impact in order to push the needle on their return on AUM.
No thats just what you believe utter bollox, stock swing traders do okay maybe 20% per year, the big money is made and lost intraday, not full scalping but fast trading, i have in all my years trading never met a swing trader in indexs or forex that is profitable, but loads of intraday traders.
I've had series of losses, 40-50 losing trades in a row. I wouldn't give you the satisfaction with that in mind even thought my month and quarter would produce very nice returns.
This is a marathon, not a sprint.
Also, what do I have to gain by claiming to be long-term profitable? My nickname here is pretty random and barely anyone here knows my real name or even where I'm from. I do not sell any services nor seek capital. What's my motivation besides calling out the untruths?
Don't see why I should get satisfaction from what you can and can't do. What I do know is here's someone who hasn't demonstrated any ability to trade. Perhaps you'd like to explain why posting up a trade would give away your method ?
the big money is made and lost intraday, not full scalping but fast trading
Then why haven't you got big money ? If you are losing big money from intra-day, the best thing to do is stop doing intra-day. Real trading is an inventory business and not the least like playing casino. Extreme short term (intra-day) inventorying is possible only for market makers who have access to the accurate supply and demand picture.
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Then why haven't you got big money ? If you are losing big money from intra-day, the best thing to do is stop doing intra-day. Real trading is an inventory business and not the least like playing casino. Extreme short term (intra-day) inventorying is possible only for market makers who have access to the accurate supply and demand picture.
Errr because I'm not rich and it takes a while to build up, it's not an instant, I can day trade, I'm a millionaire you realise ??
Who's losing big money moron, not me, doing okay thanks, stop making shit up and posting it as facts. stick to your swing trading and making 10% per year and leave those that can to make the big $$$'s to it.
Then maybe you can explain to me why most every hedge fund trader holds positions overnight rather than purely trading intraday. If day trading is so profitable why is the same approach rarely if ever employed at hedge funds? The reason, I can assure you, is certainly not only because hedge funds must trade larger positions with more market impact in order to push the needle on their return on AUM.
Yes I should stop making money immediately from intraday because you claim the hedge funds hold over night, yeah that makes sense. what part of I make money from intraday do you not understand ??
Therefore you are WRONG!! Learn to live with it.
And stop posting using 2 different ID's, damn troll's!!
Errr because I'm not rich and it takes a while to build up, it's not an instant, I can day trade, I'm a millionaire you realise ??
Who's losing big money moron, not me, doing okay thanks, stop making shit up and posting it as facts. stick to your swing trading and making 10% per year and leave those that can to make the big $$$'s to it.
You have an account of $7600 and you have to draw from it. Therefore you don't have big money from trading.
My return on capital last month was 25%. This month I aim lower to attain the right level of risk that I want.
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You have an account of $7600 and you have to draw from it. Therefore you don't have big money from trading.
WTF are you on about you brain dead wanker.
Bet your still at school,
WTF are you on about you brain dead wanker.
Bet your still at school,
Must be getting old and forgetful:
$700 to $10300 back to $7600 currently allowing for drawings.
Anyway, what's the rage ? Bad day at the casino ?