What the world's greatest trader says about daytrading

[Joab]

Simple:

Just be one of the 5%

PTJ is my hero, thanks for the link it was a great read.

 

[NYOBScalper]

Quote from rcanfiel:

Statistics is a well-supported field. Your statement that 75% of most are werong is the thing that is unsupported.

Unless of course, you intend to prove this?

I doubt he can, seeing that 97.3% of all ET poss cannot be validated statistically.

 

[cd23]

gidyup see attachment

 

[El OchoCinco]

Quote from rcanfiel:

Statistics is a well-supported field. Your statement that 75% of most are wrong is the thing that is unsupported.

Unless of course, you intend to prove this?

Only someone as dense as you would miss the obvious joke I purposely put into my post. 99.99% of all people reading it would have got it. The other .01% take the short bus.


P.S. how embarrassing for you lol.

 

[epiktetos]

Quote from optioncoach:

Only someone as dense as you would miss the obvious joke I purposely put into my post. 99.99% of all people reading it would have got it. The other .01% take the short bus.


P.S. how embarrassing for you lol.

 

[piezoe]

Quote from cashmoney69:

I'm serious, washington needs to make brokers caugh up the numbers on how many people close out their accounts from their 1st year so people can see past the bullshit. NO ONE knows the real number because there's been no official report, and if so let me see it.

That's really an excellent point cash. We don't really know, do we, what the real statistics are.

I also want to add that there is a tremendous advantage to day trading, viz., you are out at the end of the trading day, and when you're out, you are not at risk! Day trading rocks!

 

[piezoe]

Quote from timcar:

In the William O Neil's book he says about DayTrading "most investors will lose money day trading" and "the minor daily fluctuations are harder to predict and there is not enough profit potential to offset the commissions you generate therefore losses must occur."
...

In the same book he also recommends against investing in the stocks of foreign companies. O'Neil is a fossil. Time to update the reading list.