obesity stats:
https://www.bbc.co.uk/news/uk-41953530
example of trader performance from front page of ig.com: "79% of retail investor accounts lose money when trading spread bets and CFDs with this provider."
so those 'presumptions' turn out to be well-researched facts (you're the one making presumptions i suggest)
and you're very naive
as for my statements concerning the health impact on day traders, i have spoken to ex wall street and ex deutschebank programmers and analysts and they have told me about traders on the professional trading floors and about traders of that ilk working at home - and the bottom line is all of these traders, i have been informed, suffer from so much stress - indeed i was chatting to police and they were talking about a friend of theirs who worked in the financial sector as a trader and he too was amaaazingly stressed - the evidence is overwhelming.
anyway. back to the key to trading - ie maths. i am one of the british establishment's best mathematicians. i know what i'm doing. and you're not very cheerful. proof that trading is turning you into a miserable and unhealthy person!!!
"You are not objective and probably have a hidden agenda. Why else would you put the link in your profile?"
well actually i am creating an army of activistic hedge funds, it may take decades to reach fruition, thus i have made some key knowledge available free to the public - there is a google ad on the page, true, but if i had 1 million readers all i'd earn is 25,000 pounds, and that's pathetic. i'll make far more out of the trading method. the information is there so that we can build a movement of young, rich, strong, intelligent humans to change the world
i am on this forum because unlike some here i know that most of my knowledge came from watching and listening to what others were saying and doing on the markets, as well as some innate mathematics (since a very very young age, as i mentioned, i have been one of the british establishment's mathematical "geniuses")
you're paranoid and suspicious. trading, particularly day trading, WILL do that to you!!
"Seriously...you kids argue over more bullshit that if you put the same effort into trading that you put into defending what "edge" means or diarrhea drivel of what is a trend, you would have more free time in life and maybe make more money. Some of you have threads littered with long prose and not 1 fucking trade posted."
now you see that is a classic result of trading - a completely agitated and foul-mouthed geezer.
anyway. i find the lectures of Robert Shiller very useful. now there's a man who knows how to trade. without a god damn doubt
"if you put the same effort into trading that you put into defending what "edge" means or diarrhea drivel of what is a trend, you would have more free time in life and maybe make more money."
that's just stupid - making money out of trading is a direct result of huge loads of BRAIN WORK - brain work often benefits from discussion, argument, debate and research
putting 'effort into trading' means playing psychological games with yourself in order to basically pull out profits through verve and will power. this is all very well, a very excellent feat, well done, i've done it myself, but it is harmful and a stupid second-rate way to make money. the best way is stress free. that's a fact. and in 'our' industry that is perfectly possible, so why make yourself suffer other than because your attachment to gratification is too strong for you to be able to live through penury and trade the slow steady way which pays off in the longerterm.
oh and scat-person... i was at a privileged school in britain which is basically a banker factory. it makes bankers and traders. and i'll tell you this - all of the most intelligent students there other than a tiny tiny minority did NOT become bankers they became things like top surgeons or physics professors. most of the bankers from that school came from mediocre maths sets. that's the trading world. it's very far from being a community of the finest mathematical minds. which ought to tell you something about the most commonly used approaches - they are not really the most intelligent possible. why NOT seek what IS the most intelligent road possible? why argue and call me naive and so on? do you think i haven't suffered intensely from the stress of trading, whilst winning, and come to these conclusions like that? otherwise how or why else would i say what i say? trading is extremely tough. the only way to beat it is sheer genius. otherwise the bear eats you every time - whether you win or lose the money.
one thing i like about having (touch wood) quit day trading - i no longer hand over hour after hour to a god damn machine. i can do what i like when i like. and despite that i feel confident about making 20 to 30% per year most years of my life from here on. as for day trading, sure, it's the only way i know which may enable me, with a lot of stress and agony and time lost, to make 100% to 300% a year. the money isn't worth it. the 20 to 30% a year i get while doing little more than 15 minutes of work a year. the 300% a year i'd get while doing about 8 hours a day just about all week days... admittedly in the 8 hours all i'd do is about 10 minutes of actual work, but the machine would own my time, new trades would open every day, my attention would not be able to escape thinking about and being aware of trades, moving stops, opening new trades, etc
so in other words for NO WORK AT ALL you can get a decent 20% per annum at least, for giving up ALL YOUR WAKEFUL HOURS you can get say 10 times that. now why not enjoy life and keep the 20% rather than go for the 300%, become a schizo paranoid nut job full of bile and stress with no control over what you really do with the hours of your life? if i was day trading do you imagine i'd have been able to come here and write all this? and as for my plan to create an army of activistic hedge fund traders... how would i do that if i was busy scraping away at a graph all hours of the god damn day?
like i said, it all comes down to how good you really are at maths. most traders are slackers who want an 'easy' way out and are willing to trade their body's health for that 'easy' way out. but people like shiller are looking at how simple and powerful truths about maths and probability can be applied to the markets in a way which minimises work and maximises profit whilst ideally just eradicating the majority of risk. he does indeed suggest that value stocks are the lifeblood of a traders' profits.
anyway. happy day trading, folks. don't bust a gut, as my biology teacher used to say.
