Funny how traders negate everything. Try posting info about successful trader(s) and no one will believe it either.
Remind me to tell all the guys I know that have been trading prop/retail (and their IRA’s) since the 90’s and worth well into 7 or lower 8 figures that “it’s impossible”. And why are you on a TRADING WEBSITE if you think it’s impossible??
No disrespect but read this sentence again, it does not make any sense at all. 1% of day traders underperform the market by 90%, hmmm.... (I am sure you meant something else but what?)
The guy is absurd. If he want's to rag on the 99.99% who sell lessons, then he's probably right But many daytraders make decent money Do you really think all the billions the Robinhoodwinked crowd loses goes only to hft and market makers ?
The idea that "long term" trading is "better" than swing or day-trading is absurd to the extreme. Give the same exact trading system and the same exact capital to 2 traders (the long term trader and the day trader) and the day-trader will ALWAYS end up with more money than the long-term trader, at the end of the year.