First of all if you people cant figure it out, Dazz = "Dr." Dean Hadley.
I knew it the first time I ever spoke to him and went into his post history and then watched the Hadley videos on YT.
Anyway, I find threads like these funny. "Day traders cant be profitable" yet there are a good amount of people doing it. I am part of a small FB group that is linked to a "well known" course out there. These people will post trades - on their own accord. Not asking to "follow them" or anything like that, just showing what their results are. Trading in Bonds, Oil, Gold - whatever. Posting their loses, etc. Showing it can be done, and they havent been trading for upteen years.
The problem is the majority of people, even those in this thread, are a bunch of idiots when it comes to a lot of things. You might think you are smart or understand day trading or any other subject, but when I see some of yalls typing and you dont know the difference between your/you're it is a "tell" on your intelligence. Not that you have to be particularly smart to day trade, but it helps when it comes to objectivity.
People in these "studies" (most people dont even know how to read a study properly and almost anyone can post a study on some subject) are the average population. The average population are a bunch of retards. Sad but true.
Im part of a "for rent" place on FB for my city. You wouldnt believe how many people take others word for renting a house and then show up with inspection stickers posted on the property saying the house cannot be lived in. And its more than one person being scammed by the same dude.
Most people day trading are morons who, like was said earlier, want to get rich quick. Not understanding that you can get rich quick after you get understanding. And understanding something comes with some time. Ive had a lot of careers in my short time on earth and every single one I had to learn OJT. And the more complex ones, for example Locksmithing, took a year or 2 to be as good as someone doing 10+ years. But I know what Im doing when I learn something new, its the same cycle. Not know shit, take in a whole bunch of info, try to sort through the info, ask tons of questions, understand more the more I do it, become an expert in a short amount of time. It is possible to cram years worth of knowledge down to a few years if you are diligent/a zealot about what you are wanting to learn.
Trading is like learning a new language. And i can tell you from experience that learning a new language is difficult and requires time everyday to repeat and learn the basics the best you can.
Most day traders around here fail because of their ego. And while I dont think you should take in the opinions or ideas of everyone, you should realize that there is *possibly* someone out there smarter than you are that knows what they are doing more than you. Thats where being objective comes in. And if you cant be objective with yourself you definitely wont be objective when it comes to the markets. Just like most people are morons, most people like to lie to themselves about their abilities.
Time doesnt guarantee a fuckin thing. You can be an idiot and do something for 10 years and still be a fuckin idiot. Just look at the people who drive everyday. This is a simple task they do day in and day out for decades and still cant get it right.
It is no different when it comes to trading or any other task/occupation. There is just more at stake when trading and it requires less major fuck ups, which can be mitigated to a large extent.
But hey, Ill wait to see another one of these threads next week.
