Long-term "trading" works, if you catch the right bus. 10 grand into that stock at beginning of 1998 would have you over 7 million by now, not even including dividends. I'll never get over that one, heh.
buy and holding the right names is no secret. thats worked for 100 years. if its so easy, where are your millions
Wtf don't you understand? Perhaps 1% of day traders make 0.1x what the S&P makes. 99% of day gamblers in Taiwan are retail, most of the last 1% are corporations. They all lose money obviously. http://faculty.haas.berkeley.edu/odean/papers/Day Traders/Day Trading and Learning 110217.pdf Professional day gamblers all losing money in 1999, some "make money" just by chance, the average is negative, it's just a normal distribution and I am suuuuure the lucky ones in the green think it's because of talent. https://www.tandfonline.com/doi/abs/10.2469/faj.v59.n6.2578 Institutional (bank) day trading makes no money http://www.tickbytickdata.com/filea...0606-MendeMenkhoff-ProfSpecIntraDayFxTrad.pdf Brazilian day gamblers make 0 money https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101 Moves in any market last much longer than hours, so from the start day gamblers are stupid. Retail day gamblers are not analysing TBs of data and coming up with stat arb with minimal fees. They are coming up with a random opinion and using idiotic random TA which when one understands the market is ridiculous. I can eyeball a daily chart and tell you immediately if a MACD+EMA strategy will work or not, but for some reason retail traders are clueless. I never heard of day traders that made money outside of the odd clown that makes a whooping 300 bucks a day with over 2k standard dev. The regulators keep bringing restrictions to save all the monkeys for themselves. I hope they don't end up banning FX & Stocks to retail entirely (some have tried... Philippines, SA) but only ban day gambling. Lmao day gambling turns a 3RR strategy into a 2RR. Day gambling misses out on all the big winners. Intentionally day gambling is like intentionally asking your boss to send you 10% of your daily salary every day rather than 100% at the end of the month, and expect to come out ahead after paying all the bills. Intentionally day gambling is like intentionally hitting your nuts against the door.
Well between the day gamblers and the course sellers, I actually prefer to watch the day gamblers tbh. 1) They are more entertaining. Face it, trading is boring. You need laughter once in a while to keep you going especially when you are losing in the market yourself. 2) They are free not asking one cent from you in return. and 3) They put their $$ where their mouth is and show you the real stuff. And they have the self-consciousness to disappear when they failed unlike the course sellers where they charge you money, tons of it many times for something that doesn't work and they know that it doesn't work (because if it does they will be doing it themselves and will not bother to teach it) but still continue to peddle it to people for money with no shame. Free entertainment vs. borderline scams? I will take free entertainment any time.
Spot on! Everyone here being so serious and calling each other names. This group is stupid..... that group are retards....... everyone loses....... thumb suck statistics thrown around with reckless abandon......... I laugh every single day on this forum. Its the best.
Use brain. Science is a bunch of nonsense and yes there is a replication crisis. Virtually all of today sience is bullshit, climate change is scientifically absurd for example. But EVIDENCE is not BS. When they look at AN ENTIRE COUNTRY and cannot find a single day trader that makes money it's not hard to figure out... No day traders make money. They look at the entire country. Not sure what more you want. And I really have to lower myself for you people looking at them all is ridiculous because we know what they do and only people that do not understand the market need that. There are no magical super opportunity on lower timeframes. Only incomplete trends and much lower reward to risk because of spreads. It is inferior. I am thankful for day traders because they contantly provide us with a good dose of laughter. The financial world is patiently waiting on their branch with a big smile as day traders and "investors" rush into the market in 2020. Quants & hedge funds made record profits. Dumb day gamblers made huge losses buying "cheap $1 Oil" for example, and some traders from small firms made hundreds of millions from this. I myself made big %% from the contango. Thank you day traders and robinhood & tik tok "investors".
The VAST MAJORITY in any field is unprofitable (so they need to go 9/5), nobody said day trading is easy ? What is your point ? That there are NO profitable day traders on this planet ?
Blaming failures on external circumstances absolves one of accountability and responsibility. "I failed so it can't be done." Thousands of traders make their living as day traders, do you think they are lining up to show anonymous trolls their Income Statements? Winners acknowledge their failures, learn from them and persevere. Losers blame them for their lot in life.