Somebody has to serve as an example of survivorship bias. Even if, or especially if, it is shit luck.
How many noobs think today's (2/3/11) post-10AM ET trade was a no-brainer? Standby. Testing 1...2...3...
Not even the banks survive in this game, Art. I hope the noobs are visiting because you, and many others, myself included are living (just) embodiments of the wholesome benefits to be gained from retail day trading. The American dream lives on...
Ah, yes, never was there a more wholesome avocation. Keeps you in the house so you don't get sick mingling with the great unwashed masses, unless your own unwashedness makes you ill. Encourages virtuous living becasue you never make enough money to get into trouble. Provides more than sufficient free time to meet interesting people on-line that you will be fortunate never to meet in person. Transforms your antisocial OCD behavior from a vice to a virtue. Truly we are a blessed subculture!
Lol! From the horses gob. Art, as my old cockney mucker used to say, 'you're as clever as arseholes'. God bless us all.
<i>That's</i> my problem. I need to learn unsuccessful chart reading. Then I'll finally be able to make money trading forex.
Yesterday here was a fine example of the trader's perfect life. Iced in for the second day. Rolling power outages. Did I have to struggle to get to work, only to be frustrated by constantly crashing computer infrastructure? No. My cable service went down, I switched to wireless. Three big battery backups. Generator if need be. Seventy gallons of gasoline. One hundred twenty pounds of propane. The only true emergency is that I am almost out of vodka. I didn't plan that backup well. Only the wife's red wines.