You are more likely to become a top Hollywood actor or popstar than profitable trader
- Thread starter crgarcia
- Start date
- Status
What part of "I am not a day trader" don't you understand? I will say it again. I am not a day trader.
My point was, and is, that you are making claims that aren't supported by data. I don't have to post any trades in order to make that claim, I simply posted a link to a paper which undercuts your figures on success rates. You are trying to explain away the paper as the product of some type of conspiracy, which is your right to do, but you don't put up any proof other than accusations. Think about it as if it were a court case and you are trying to prove something "beyond a reasonable doubt". You're not even close.
lol.. in the IRC chatrooms I was in traders disappeared after the other.. including me eventually.
Because if you make money in trending periuod, it doesnt mean daytrading has an edge. markets dont trend one way all the time.
There are trends every single day, in every single liquid market. You have to be more specific about what time frames you are referring to. Also, people define trend many different ways, just because the daily chart may be going sideways for weeks or months doesn't mean there aren't multiple tradeable trends intraday.
lets just say when the vix was above 30 every daytrader seemed to prove that daytrading was a sure thing. But in the long run it turns out daytrading is a losers game. The real money is in longer term trading or investing which has real factors behind its movements. Not in the trading based off luck and randomness, according to the paper caused by other losing daytraders. Which means daytraders who think they can trade are stupid, they can only trade because others cant trade? Does the conclusion of the paper even make sense? I say no.
I'm sorry but there is order within chaos...most just can't find it. You must be one of them, otherwise you wouldn't use terms like "luck" and "randomness" talking to a guy who has been trading fulltime since '98. Obviously if I have been doing this since then as my sole source of income, then there must be more to it than what you describe.
PS The vix has been below 30 a whole lot since Ive been trading and it doesn't change the game, just the volatility.
PS The vix has been below 30 a whole lot since Ive been trading and it doesn't change the game, just the volatility.
idiot indeed..who said that you need a trend, in order to make a money? for last few years i personally trade market neutral system,where trend doesn't really matter. more...if there is no trend AT ALL - believe it or not-it's even better for me. again- i did post my statements and they do confirm that i did make money regardless to market direction...only to hear from failed trader fellow loser garcia that my statements are fake..
- Status