You will lose more in the stock market than in a casino

most people are attracted to day trading because they are grossly undercapitalized

when you are undercapitalized you have to go for knockouts to make it worth your while

when you go for knockouts you open yourself up to be knocked out

and so most get knocked out eventually
 
failure rates are revealing and often hidden: only 86 of the original SP500 are listed; all others failed and were removed. Just recently Harley-Davidson Inc and Nordstrom Inc. If still include the ROI on SP500 would be -4008%.
Even DOW swaps out weak (GE) for strong (Walmart); Amgen and Honeywell were added to the Dow, replacing Exxon-Mobil, Pfizer and Raytheon Technologies.
 
Last edited:
zdreg said:
What percentage became successful in other fields after leaving day trading?
More...
Those that moved to the fast food industry were rapidly promoted; especially those who came to work every day!! :)
 
deaddog said:
Those that moved to the fast food industry were rapidly promoted; especially those who came to work every day!! :)
More...
Pray tell what is the difference between flipping burgers and flipping stocks?
 
deaddog said:
Flipping burgers you get paid every day. Flipping stocks not so much.
More...
There is no difference between flipping burgers and flipping stock. "If you can't take the heat, stay out of kitchen."
 
Last edited:
derektrader said:
You can lose more in the stock market than you would lose more in a casino.
Why ? A casino doesnt give 4-1 margin. Serioulsly, ive seen more guys lose their life savings playing the stock market opposed to gambling. The stock market can convince you its not gambling but it is. Particularly day trading.
They always say 95% of daytraders fail. I think its higher but lets assume 95% is true. What other occupation offers odds such as that? Engineering, chemist, sales, IT, consuging, mechanics, contractors, software engineers, banker?? None !!!! How many times does a daytrader say “ i should of stuck to my discipline, i need to refine my strategy”? They are always thinking they are so close to being successful, its right around the corner but it never is. The thought that daytrading is some kind of legitimate occupation is what keeps people constantly getting loans in order to stay in the market. Bad move, the money will go quick!
The only other occupation that comes close to the failure rate of day trading is maybe a hollywood actor or becoming a famous rock star.
More...
there are some day trading bots I have found that do exceptionally well at day trading futures:
 
You must log in or register to reply here.
Back
Top