Day trading is losers game

Discussion in 'Trading' started by oilfxpro, May 17, 2011.

  1. cornix

    cornix

    Ego issues can hurt even worse than actual money lost. Relates much to trading as well.
     
    #631     Jul 31, 2012
  2. ssss

    ssss

    cornixforex

    SSSS,

    You won't escape.

    Whatever is "many", let it be 1000 trades with average hit rate of 60% and 1:1 R/R. Would such a statistics make you sure retail trading is possible?

    ############


    You must check contest of RTS

    http://forum.rts.ru/viewforum.asp?f=13

    Конкурс "Лучший частный инвестор - 2011 -2007


    Winner's performed scalping , have made lot of operations ,
    possible comparable with your quantities 1000


    but ...

    1. Specific condition of the game ( diifferent to EU,USA)
    2. With very good chance winner is biased from RTS
    -----------------------------------------------------------

    first year contest winner was - jews
    second year winner pupil of first year winner -jews
    third year winner - wife of pupil
    winner have connection ,which have had lower time
    delay as another competitors ( by scalping decisive)
    winner is related to professional scene



    For non Russia resident this contest is not suited -
    tax is 30 % ( compare for resident 13%)



    Long term multiple year many ( 1000 + operations )
    in game ,where operator (retail) have dissadvantage
    ----------------------------------------------------------------

    have incomporable lower chance for profitability ,
    if compare with small quantities of heeavy risk bet ...


    That would answer for third version of your questions
     
    #632     Jul 31, 2012
  3. cornix

    cornix

    What if say, EURUSD trader presented you a track record of consistent winning after 1000 trades?

    Would be "sponsored by the broker" I guess? :D
     
    #633     Jul 31, 2012
  4. ssss

    ssss

    cornixforex

    Registered: Jan 2011
    Posts: 1274



    07-31-12 10:39 AM
    What if say, EURUSD trader presented you a track record of consistent winning after 1000 trades?

    Would be "sponsored by the broker" I guess?

    ###########################

    ...
    Author presentedto you mutiple result's in real money contest's
    with approx 1 000 000 attempts for 3 years

    With result 12700% ,3108 % ,2800% ,2400% &

    per month
    #######

    Is result bof your trader better ?
    CFTC checked result ?
    Is your operator professional ?
    Is your operator ex-professional and used advantage of old relation's ?
    Are relative of your operator worked/work in financial service industry ?
    Did you have any criminal record ?

    And another questions ,which would make great pleasure for you and your protege ...




    ....

    You or your trader realy ready to answer this questionns and many other to CFTC or Attorney of the state ?


    Fundamental -Retail sector is disadvantaged through

    1. Spread
    2. Margin and broker fees
    3 .For some strategy connections with more high delay as by professional

    Long term for great quantities of opreatiosns odds of retail
    worster as 50 to 50 by payement 1:1
    ########################

    Monte Carlo Casino make multi mln profit with odds 51.36%

    by roullete by payement 1:1
     
    #634     Jul 31, 2012
  5. ssss

    ssss

    cornixforex

    Registered: Jan 2011
    Posts: 1274



    07-31-12 10:39 AM
    What if say, EURUSD trader presented you a track record of consistent winning after 1000 trades?

    Would be "sponsored by the broker" I guess?

    ############

    Please disscus this matter with agency belov

    http://www.cftc.gov/index.htm

    http://www.cftc.gov/Contact/index.htm


    This page lists the primary contact information for the CFTC. If you can't find what you’re looking for, please send an email to Questions@cftc.gov.

    MAIN OFFICE

    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21st Street, NW
    Washington, DC 20581

    202-418-5000
    202-418-5521, fax
    202-418-5514, TTY
    questions@cftc.gov
     
    #635     Jul 31, 2012
  6. cornix

    cornix

    What an excellent example of pre-set beliefs with amazing ability to adapt any new information received from outside so that it fits those beliefs. :)
     
    #636     Jul 31, 2012
  7. ssss

    ssss

    cornixforex

    Registered: Jan 2011
    Posts: 1275



    07-31-12 10:52 AM
    What an excellent example of pre-set beliefs with amazing ability to adapt any new information received from outside so that it fits those beliefs.
    #######

    Dear Sir

    Please all follloving questions and statements about 66 % hit
    in many 1000 operations with 1:1
    send to CFTC

    They would answer ...

    Not forgett ,that State have Power ... not you
    ################################

    Example

    Update 3: Russ Wasendorf Sr., the founder and CEO of PFGBest, reportedly attempted to commit suicide this morning outside the corporate headquarters in rural Cedar Falls, company officials confirmed Monday afternoon.

    Update 2: PFGBest had $400MM in customer segregated funds at the end of April. Is JPMorgan about to "discover" another $400 million in Q2 "profits"?
     
    #637     Jul 31, 2012
  8. cornix

    cornix

    I don't care much to prove anything here or anywhere else. My methodology is so simple monkey could follow it and make money. :D

    Trading and particularly talking with people interested in trading gives invaluable examples of how human mind operates, because circumstances of uncertainty peculiar to trading provoke classic activities such as distortion of reality etc. :)
     
    #638     Jul 31, 2012
  9. ssss

    ssss

    This page lists the primary contact information for the CFTC. If you can't find what you’re looking for, please send an email to Questions@cftc.gov.
     
    #639     Jul 31, 2012
  10. ssss

    ssss

    1. cornixforex wrote -

    Registered: Jan 2011
    Posts: 1276



    07-31-12 10:59 AM
    I don't care much to prove anything here or anywhere else. My methodology is so simple money could follow it and make money.

    Trading and particularly talking with people interested in trading gives invaluable examples of how human mind operates, because circumstances of uncertainty peculiar to trading provoke classic activities such as distortion of reality etc.

    #####################################

    2. Example

    Update 3: Russ Wasendorf Sr., the founder and CEO of PFGBest, reportedly attempted to commit suicide this morning outside the corporate headquarters in rural Cedar Falls, company officials confirmed Monday afternoon.

    Update 2: PFGBest had $400MM in customer segregated funds at the end of April. Is JPMorgan about to "discover" another $400 million in Q2 "profits"?


    3.
    http://www.cftc.gov/index.htm

    http://www.cftc.gov/Contact/index.htm


    This page lists the primary contact information for the CFTC. If you can't find what you’re looking for, please send an email to Questions@cftc.gov.

    MAIN OFFICE

    Commodity Futures Trading Commission
    Three Lafayette Centre
    1155 21st Street, NW
    Washington, DC 20581

    202-418-5000
    202-418-5521, fax
    202-418-5514, TTY
    questions@cftc.gov



    This page lists the primary contact information for the CFTC. If you can't find what you’re looking for, please send an email to Questions@cftc.gov.
     
    #640     Jul 31, 2012