You are more likely to become a top Hollywood actor or popstar than profitable trader
- Thread starter crgarcia
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exactly. what would be incentive for such move? it seems to me that asia and crgarcia having a problems to undestand this simple thing, that been repeated in this thread many times. why do i have to proof(i actually did,but they ignore it for whatever reason, i guess IB statement is not good enough for them
) something to somebody i dont' know and don't even want to know? why to i have spend my time and money to get audited records? wtf?guys like Garcia need to hold onto the notion that something isn't possible since THEY failed at it. So, by requesting all this documentation, they know that almost no one will go through all the trouble to prove it to them. And, when someone does offer (like schizo) garcia just pretends he doesn't see the post.
really? How come there are tons of documented stories on longer-term momentum traders, but nothing on day traders......
So, according to your analysis, only day traders shun fame and prefer to work in anonymity and spend all their free time with family. Long-term and position traders do not pursue such life style. Very interesting. To me it sounds more like the life style of most day traders suck big time, glued to the screen, health deteriorating, too scared/afraid to admit their "profession" in public. I dont see any other arguments that make more sense to explain why there is next to no documented case of successful day traders but tons about highly successful position traders. Please help me understand....
So, according to your analysis, only day traders shun fame and prefer to work in anonymity and spend all their free time with family. Long-term and position traders do not pursue such life style. Very interesting. To me it sounds more like the life style of most day traders suck big time, glued to the screen, health deteriorating, too scared/afraid to admit their "profession" in public. I dont see any other arguments that make more sense to explain why there is next to no documented case of successful day traders but tons about highly successful position traders. Please help me understand....
if you read more about what I wrote then you would have seen that the bet was not my original point, nor proof. I am wondering why there is virtually zero proof out there that day traders can strike it rich while many position traders made hundreds of millions if not billions. You can hide as much as you like behind questionable arguments but I am almost certain the true answer leads to something very similar that I am already having in mind... but I wanna be open and hear your take of the story...
Quote from Bob111:
exactly. what would be incentive for such move? it seems to me that asia and crgarcia having a problems to undestand this simple thing, that been repeated in this thread many times. why do i have to proof(i actually did,but they ignore it for whatever reason, i guess IB statement is not good enough for them
there are simply a lot less of them, that's all. most successful day traders gradually widen their time frame to fit a better lifestyle. however, if you start at a large time frame it will usually lengthen the learning curve as you are not taking or managing as many trades or are at the screen as much as day traders are.
They are few and far between but we do exist. Those who have been at it for many years and have 7 figure savings know just how rare they are and how unlikely it would be for another to repeat their performance. It's a very tough business.
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