Why market wizards are not day traders?

(I do have one other thing, themickey, which would make all these people shit themselves in awe... actually you guys all, inadvertently, helped me calculate it, in the last 24 hours. Perhaps, mick, if the opportunity comes I'll share that with you - but most here don't deserve it - in essence it is something i have named 'the automatic daytrader' - and it's not automation, it's about one trade every few days, done in a very very weird and complex way, to the average mind's eye. the result is that it achieves the same gains as my day trading method would but it involves 0% of the work, it is amaaazingly easy. i have to thank you guys here for helping get the maths right. of course i don't suppose any of you here have any idea how you did that. but cheers. i basically will never have to work again. I am pretty fucking over the moon. I won't share it on any channel like this, though. it's worth far too much money and power to share with a bunch of self-righteous rat race slaves! You on the other hand, mickey, I like. If an opportunity comes I'll share it with you. keep your eye on tvhobo.com - both dosh.tvhobo.com and opinion.tvhobo.com - maybe in the longrun there will be a chance to teach you my final trading genius-thing. it's so fucking ace. i invented 99% of the method about 10 months ago in fact. but i had no way to really prove the maths behind it worked. my time 'talking' to the stressed daytraders here and to yourself has 100% demonstrated to me what maths is at play and why it works. plus i hadn't even tweaked that algo with the whole profit-lock-in system... i mention this purely to gloat and annoy that guy above of course. and the others like him.
 
hobothedestroyer said:
mickey, I find this video quite educational and useful - it taught me a lot:

it doesn't matter what you trade, it matters how much risk you take (or don't take).

as max keiser says (roughly): there is only volatility in the unhedged market
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Is that you, the lecturer hobo?
It's an hour long video and the lecturer started off very slowly and on basic stuff that sent me to sleep, what was the crux, do you have a quick breakdown on the key points he was attempting to convey?
I don't wish to waste an hour if it just covers basics.
 
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