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Duref Mudgins
 

Registered: Jul 2004
Posts: 854

 

08-10-12 08:47 PM

Are you a successful professional? Doctor? Dentist? Accountant? Corporate manager? At the top of your game? Considering early retirement or thinking ahead to augmenting post-retirement income? Are you highly educated? Intelligent? Sharp-witted? Street smart? Analytical? Get lots of invitations to parties? Women throw themselves at you?

Nope. Play golf. Fish. Take up tournament bridge. Or skeet shooting. You will be an abject failure at daytrading precisely because you are so successful. You already are somebody. You don't need to prove it by daytrading.

Are you a n'e'er do well? Never held a job more than two years? Your few friends are losers and outcasts just like you? Women cry when you try to be funny and laugh when you are serious? Have two or more wives under your belt? Have an addictive personality? Read the DSM-IV and all of it seems to apply to you?

Welcome, my brother, to the fraternal order of retail daytraders! You will be a stunning success! But only because you have failed so abjectly in life that this is your last desperate chance to be somebody!

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Wide Tailz
 

Registered: Sep 2011
Posts: 1515

 

08-15-12 03:25 PM


Quote from Duref Mudgins:

Are you a successful professional? ........ You will be an abject failure at daytrading precisely because you are so successful. You already are somebody. You don't need to prove it by daytrading.




Good troll, but from an engineering standpoint, I'd like to voice the outlier case...... bored by the work place (my degree is just a license to hold a desk and a middle class income), seeking the satisfaction of the kill, and a real application for all those statistical & analytical skillz they forced me to attain.......

This liberal civilization has taken the sting out of success. Daytrading involves real pain, which makes the pleasure oh so much more fulfilling.

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emg
 

Registered: Feb 2010
Posts: 5294

 

08-15-12 03:27 PM

More than 90% of small traders lose. They just lose!

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Laissez Faire
 

Registered: Sep 2010
Posts: 4153

 

08-15-12 03:27 PM


Quote from emg:

More than 90% of small traders lose. They just lose!



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Wide Tailz
 

Registered: Sep 2011
Posts: 1515

 

08-15-12 03:28 PM


Quote from emg:

More than 90% of small traders lose. They just lose!



More than 90% of the general population aren't even adults, from a psychological standpoint.

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EvOTraderV2
 

Registered: Jan 2012
Posts: 316

 

08-15-12 03:41 PM


Quote from emg:

More than 90% of small traders lose. They just lose!



95% of all small businesses fail. You're up against very well capitalized firms that can lose infinite amounts of money and be "bailed-out". for 10% to be profitable under these circumstances actually makes day-trading a good choice.

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