Day trading a suckers game?

There's a study showing pension funds made most of their money on holdings held between one to four years. Funds that held less than one year lost money, day trading made 1%.

 

back at desk now check ur skype

Hands up if you are a pension fund

 

Hands up if you are a consistently profitable day trader

 

proof

Not yet anyway. I'll let you know.

How would you define consistent? For that matter, how would you define day trading?

 

Consistently profitable each quarter for a couple of years. I define day trading as having to stare at the screens each day, typically in and out of positions within the same day.

 

That's reasonable. I suspect I'll get bored of day trading by that time ;-)

 

it needs super patience for day trading manually which i do not have. i choose to run robot.

 

I agree. I just can't get over the line to use a robot yet...

 

I doubt anybody who's absolutely killing it day trading is going to reply.

 

The "staring at the screens" part feels like a legit script for a Hollywood blockbuster.