He was right in that trading was not for him but his premise was that it's not for anyone which is as weak as it is foolish.
Dumbest fucking thread of the week. What broker costs? We trade commission free in the USA. I've been day trading stocks since 1999 and have trained thousands. Attacking daytrading is like attacking small business entrepreneurs, yes most newbies lose, so what. That simply makes it risky, not impossible. I made winning daytrades yesterday in both HTZ SQQQ. Daytrading is not for everyone... you're competing against pros. There are 9 to 5 jobs available to you. Thank goodness, because somebody's gotta flip my burgers lol. Zero fucks given. Traders, we trade. Trolls, troll.
Maybe never. I like money too much sorry. Last time I "day traded" was the 04 & 05 August, when Gold was breaking new highs very violently. On the 05 I bought ath around midday, it kept going up, and in the evening when it is time to "close my trades for the day" I just remembered "hey I am not mentally disabled" and so I stayed in and ended up exiting at 3 am GMT or so. I can't help but laugh at idiots that would actually intentionally exit a winner because "end of the day" My gosh is it dumb Sure stocks are different. Spreads are much higher and PA moves happen on much higher timeframes. If I'm going to be the best I want to make more than $300 a day with risk so big it is a guarantee I'll blow up sooner or later. I still don't get why so many noobs just randomly decide "hey let's buy and only hold for a few hours", I didn't even know this was a thing until 3 years ago, always seemed logical to me to go on a more efficient TF with the best odds & RR & lower costs. Compared to hedge funds etc I am in the 10% smallest time horizons I am very short term and STILL I am longer term than idk 90% of retail that are all day and swing traders. Did they look into it? A quick analysis and simple maths immediately show it's just so garbage... The only potential upside would be diversification over time but this only applies to statistical quant funds not "day traders" which is the name for individual investors following random strategies. RenTec has a tiny edge but they have been able to scale it to thousands of positions AND they negotiated the cheapest costs and the cheapest leverage which makes a huge difference, also a founder said their average holding period was 2 days but I know there are "daytrading" quants out there that make some profit not a ton but some, taking hundreds of trades a day. iqtest.com... I'd be worried... Sorry but I have to ignore you. It's beyond several days & exchanges and you still are stuck on understanding step 1.
I bought 30 TEAM $105 Calls at .2-.60 and sold when stock hit $109.7-112. BABA 100@.20 $310s sold $.70, CRSP $110s at .5-.1, out 1.70-2. PTON $134P cost .80-1.2 sold at 4 plus. Lost on NIO being stupid but other trades were good. Day trading after 30 years is pure luck, I did play Select Net and met Houtkin.