What % of daytraders losses come from trading commissions?
- Thread starter crgarcia
- Start date
on losing days i would say 50% goes to the broker ~_~
i got tight stops so losses don't kill me as badly as the broker does
i got tight stops so losses don't kill me as badly as the broker does
Quote from Fireplace:
Remember when Garcia bragged that he only came here once or twice every few weeks? LOL he's here EVERYDAY now!
Thank my new cell phone w/internet and Email.
They won't change because brokers always get a fresh supply of naive idiots that get into frequent trading.
All traders fail and quit without posting (or even admitting) their losses.
If all those that failed shared their experiences, much fewer fools would enroll into frequent trading.
No you aren't.
You are nothing but a broker shill trying to lure naive fools into frequent trading with your fictitious phony account statements.
Real words from a real daytrader, not a broker shill.
50%?
Even my 25% estimate was on the low side.
i beg to differ
in any business when your expenses exceed your revenue that leads to losses. so expenses and losses while not the same, are highly correlated.
it is my belief that shorter term traders have more consistency in their profits and losses. a longer term trader may be exposed to more risks and larger swings in their P/L.
it is not anyone's right to say which is better than the other as it is personal preference in the level of risk aversion and comfort that leads one to choose their own method.
let us not criticize and accuse failure blindly.
let the P/L be the judge...
i agree with this..but it's hard to argue with some random schmuck,who not only refuse to provide any information about his trading,but also refuse accept the truth, accusing me in falsifying my own statements.
i can't argue with this fucker..sure, i have nothing else to do,but alter some random statements and post it on ET. and i'm in this business on ET since 2002..yep..garcia-i can repeat this one more time-why would do that? i have no obligation to proof anything to you. get this through your fucking brainless head..
one more time-can you answer on this question?->
garcia-i have question for you-why IRS does not treat commissions as a loss, like you do?
Yes, I do day trade and have been doing so since 1996 - my sole source of income.
A shill? For whom? I don't push any broker not do I mention who I trade through.
You seem to be an incredibly unhappy person. If you failed at trading that's your issue. I couldn't be happier with the freedom I have each and every day.
