What is the average can a day trader manage and earn on wall street?

[AnnaG]

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.

Turveyd, you make a good point.

Retail traders can be smart in how they approach the markets.

The biggest challenge here is moving away from the myth of the 'untouchability' of the financial markets by us mere mortals; moving beyond so much of the misguided and regurgitated publications that abound; and actually showing the basic odds of success/failure that the retail trader is presented with.

Once this information is presented properly, retail traders will have a better chance of moving forward.

One thing I know is that there are some restaurants I would not go to for a meal because I know I can cook better at home. There is no reason why the same cannot apply to trading.

 

[ExperiencedJoe]

The minting machine makes coins and bills/notes.

Where does money come from?

I give up, where does it come from ? Has it got something to do with sports ?

 

[Turveyd]

Turveyd, you make a good point.

Retail traders can be smart in how they approach the markets.

The biggest challenge here is moving away from the myth of the 'untouchability' of the financial markets by us mere mortals; moving beyond so much of the misguided and regurgitated publications that abound; and actually showing the basic odds of success/failure that the retail trader is presented with.

Once this information is presented properly, retail traders will have a better chance of moving forward.

One thing I know is that there are some restaurants I would not go to for a meal because I know I can cook better at home. There is no reason why the same cannot apply to trading.

The markets are clever ( well the big boys that run it ), they know where retails SL's will be, they know if they jump the market up 5 pts quick retail will jump on it, they know how to move it in such a way that will make us lose.

Retail traders are all pretty much doing the same thing, why they get the OMG I lost again, feels like it's out to get me, why can't I get a break feeling, there targetting retail and your trading like all other retail traders pretty much.

So to profit, all you need to do is, the opposite of what you'd of done as a newbie.

 

[ExperiencedJoe]

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.

Just because you don't like it doesn't change what is true.

What profitable people ? Last time I asked, you didn't know any.

 

[AnnaG]

I give up, where does it come from ? Has it got something to do with sports ?

You seem to give up too soon. I'd much rather you try harder to answer the question than for me to give you the answer. This way you will respect it more.

I'll make it multiple choice, it's much easier reducing the infinite possibilities down to a few, or two.

Which came first, energy or money?

 

[Turveyd]

Just because you don't like it doesn't change what is true.

What profitable people ? Last time I asked, you didn't know any.

Just because your a negative moron, also doesn't make you right.

There are a few around ET, you'd never believe them so don't bother.

 

[ExperiencedJoe]

You seem to give up too soon. I'd much rather you try harder to answer the question than for me to give you the answer. This way you will respect it more.

I'll make it multiple choice, it's much easier reducing the infinite possibilities down to a few, or two.

Which came first, energy or money?

I always give up quickly on riddles because I was never good with them.

Energy or money ? Hmmm, for a sprinter, she would have to apply the energy first to win the gold medal, With the medal comes the commercial sponsorships. So I guess energy come first. But before she's a good sprinter, she would have to pay for training and access to sporting facilities. She would even have to pay for an entrance fee to the sporting event where she will win the medal. So I guess money comes first.

 

[AnnaG]

The markets are clever ( well the big boys that run it ), they know where retails SL's will be, they know if they jump the market up 5 pts quick retail will jump on it, they know how to move it in such a way that will make us lose.

Retail traders are all pretty much doing the same thing, why they get the OMG I lost again, feels like it's out to get me, why can't I get a break feeling, there targetting retail and your trading like all other retail traders pretty much.

So to profit, all you need to do is, the opposite of what you'd of done as a newbie.

Also, there is only so much by which the big boys can artificially move the market before it becomes too obvious. If it can be shown that this is tantamount to targeted manipulation then it doesn't really put them in a good light. And essentially, they are making a rod for their own back.

If they have any natural intelligence, they will eventually have to face up to the fact that they exist because individuals put their hard-earned pay into pension funds and the like. They are superchargers, and they must respect the engine.

 

[ExperiencedJoe]

Just because your a negative moron, also doesn't make you right.

There are a few around ET, you'd never believe them so don't bother.

I will believe anyone who demonstrates trading abilities.

 

[Turveyd]

Also, there is only so much by which the big boys can artificially move the market before it becomes too obvious. If it can be shown that this is tantamount to targeted manipulation then it doesn't really put them in a good light. And essentially, they are making a rod for their own back.

If they have any natural intelligence, they will eventually have to face up to the fact that they exist because individuals put their hard-earned pay into pension funds and the like. They are superchargers, and they must respect the engine.

They can create short term spikes, that's there main, enough to hit a SL or make people think the market is going to run up without them, before reversing.