Your notions are completely FULL OF CRAP! Assuming you actually believe what you posted, you'd be better off looking for something other than the markets to achieve financial success.
Very well thought argumentation with in particular alot of facts and definitely no emotions. How many years of your life did you waste chasing a mirage?
Another day, another demoralization thread.
*Yawn*.
No man this is a moralization thread. If that much of the competition are dumb enough to be day gamblers it means it's really not that hard to make money, only requires outsmarting donkeys. Plus it's always fun to laugh at the brokers milk cows.
there are some day trading bots I have found that do exceptionally well at day trading futures:
And here we have it
Your great success example is Dean Handley. This guy's trading room guy was charged by the CFTC for fraud (and the whole business with it).
"The CFTC’s complaint alleges that, as a result of the fraudulent solicitation scheme, the defendants received approximately $1.3 million in subscription fees from more than 300 members located in the United States and other countries."
"Falsely claiming that Jousef’s “live” trades were profitable when in fact Jousef never executed any live trades in the “live trading room,” much less profitable ones;"
Jousef is (allegedly) his partner in crime.
https://www.cftc.gov/PressRoom/PressReleases/8006-19
Maybe right, should of just spent my money on hookers and given up many years ago, but where is the fun in that, ohhh yeah hookers, damn it!!
Roulette / Casino's don't allow winners other than the odd blip, so unless you have a huge win pretty soon, you've got no chance.
Roulette has more odd blips than day trading. That tells alot. And also data has shown that there was no learning with day trading: day traders are not more successful with more experience, actually they do worse as time goes by. The results of studies clearly show it is gambling but with worse odds.
Of course what we call day traders are not market makers (duh) or stat arb quants, they make money.
They are all in my journal, listed here in the journal section. Dr. Dean Handey is just as selective as Dr. Emmett Moore. Biased BS.
Yes, he is so selective, the day gambling "guides" he selects get charged with fraud and the CFTC claims they never took one of their troll trades let alone made a profit.
Some retail day traders make money: the penny stock pump and dump scams. Buy then send signal to victims, then sell to them. In Forex there is no pump and dump like this, therefore not a single retail day trader makes money other than the odd blip of luck (normal distribution) and luck always runs out.