Hello everybody. Iâve been actively trading on and off for the past 6 years without much long term success, mostly using momentum based strategies. My lack of success and my recent reading of the book, âA Random Walk Down Wall Streetâ have cast some serious doubts in my mind about how feasible it is to be successful as an individual day trader. By successful I mean consistently beating the market by a significant margin to make it worthwhile. In the book the author is very critical of the ability technical analysis to produce any information useful for beating the market. Not only that, but he says that there is no momentum in the stock market, that it is only an illusion that the market moves in trends. Apparently he has scientific tests to prove his statements. He also claims that fundamental analysis is basically useless as well, as is the market is pretty efficient. Since a lot of day trading strategies are based on following the trend or other technical indicators, Iâm wondering how you guys here feel about this book and these statements and whether anyone here has been consistently successful using momentum or technical analysis in their trading and if not what sort of techniques and strategies are traders who consistently make money are using? I donât want to give up on day trading just yet, unless it is truely a futile pursuit. How many here have been successful in the long term as day traders? Thank you for the wonderful forum.