Actually my sports analogy preceded yours - see my earlier posts referencing cars and sports. Perhaps you took inspiration from me. But, it's OK. Anything I choose to give away, people are welcome to take.
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What is the average can a day trader manage and earn on wall street?
- Thread starter tonyzhou
- Start date
Actually my sports analogy preceded yours - see my earlier posts referencing cars and sports. Perhaps you took inspiration from me. But, it's OK. Anything I choose to give away, people are welcome to take.
If you keep the way you are going, you will lose. It makes no difference there might be someone else making money. Nothing proves 1% win. In forums, I observed 100% or close to it lose.
If you have your attitude then you'll never try, if you never try then failure is guaranteed.
And don't for 1 second think your Long term swing method, gives you better odds than my intraday method, cause it certainly does not, you've been mislead on that 1.
Basis I'm up 1000%, allowing for method failure and re adjusting, means nothing to you then ?? Method is sorted out, back on it when time permits. I expect to hit 20K for the end of the year.
Basis I'm up 1000%, allowing for method failure and re adjusting, means nothing to you then ??
Sure it means something. It means you are playing casino. But casino always win in the end.
Actually my sports analogy preceded yours - see my earlier posts referencing cars and sports. Perhaps you took inspiration from me. But, it's OK. Anything I choose to give away, people are welcome to take.
Touche, Experienced Joe. And quite a colourful conversation it is too.
Ok, let's start from the beginning. A question for you. Let's start making the dumb money you speak of become smart.
Question: Where does money come from?
Sure it means something. It means you are playing casino. But casino always win in the end.
No gambling, required or allowed, I simply get on short term momentum when longer term momentum is going the same way, and hop off when momentum runs out, I keep my losses tiny and still have a 65%+ win rate mainly due to micro management of the trade.
I trade at max 3% risk, my average losing trade as I kill them early is likely 1.5% area.
The money that can be made doing the above, multiple times per day soon adds up, risking 1.5% average and sometimes making 10% at times in a single trade.
Touche, Experienced Joe. And quite a colourful conversation it is too.
Ok, let's start from the beginning. A question for you. Let's start making the dumb money you speak of become smart.
Question: Where does money come from?
Allowing for all Prop Firms / Banks / Whatever making money and loads of it, the only people that are losing to fund all of there staff / offices / bonus's bla bla bla, is RETAIL.
It's a huge game, rigged against Retail, but doesn't mean the individual retail traders if there smart can't reap huge rewards from intraday trading.
Question: Where does money come from?
From the minting machine.
No gambling, required or allowed, I simply get on short term momentum when longer term momentum is going the same way, and hop off when momentum runs out, I keep my losses tiny and still have a 65%+ win rate mainly due to micro management of the trade.
I trade at max 3% risk, my average losing trade as I kill them early is likely 1.5% area.
The money that can be made doing the above, multiple times per day soon adds up, risking 1.5% average and sometimes making 10% at times in a single trade.
If your method is so good and it makes you so much money, why do you have such a strong need for other people's validation ? Is there something wrong with the method ?
From the minting machine.
The minting machine makes coins and bills/notes.
Where does money come from?
If your method is so good and it makes you so much money, why do you have such a strong need for other people's validation ? Is there something wrong with the method ?
I just don't like your, it's THIS WAY and THIS WAY only bullshit, that's your opinion fine, but it's nothing more than an opinion so stop making out so.
Especially as most of the profitable people around here are Intraday traders.