It sure is, but the question is: do you currently day trade or not? Just one example of common sense applied please, of solving liquidity problem on a given market without changing the trading style and the market traded itself.
I have a proprietary day trading method which I am trying to implement.It eliminates many day trading problems Firstly you don't trade manipulated illiquid markets , secondly you use high liquidity markets like eur/usd.
Does "trying to implement" mean that you are still struggling to succeed in day trading? Do you believe theoretically one can day trade EURUSD to billions of net profit? What do you believe is the maximum order size executed in spot FX without significant slippage?
That is an excellent article which sums up the profitability of day trading and odds of success.Everything in the article is unbiased, and it states all the truths.
...and at the same time you admit that you struggle to profitably day trade for 5 years already, simultaneously calling day traders "dumb" and having "no knowledge about probability etc." in the thread started by yourself and named "day trading is a losers game"... Think I'm starting to understand your "common sense".
Tell me what do you know about the overall probabilities of day trading and odds of being successful?I want a simple concise opinion .
I believe average probability of a retail newbie to succeed at day trading is like 1-5%, provided she/he does it all alone without any luck of getting real help from some experienced person. With good help, this chance increases significantly and depends mostly on the degree of dedication of the "student" and qualities of the "mentor". Have no exact stats to prove it, that's my subjective estimation after 7+ years of trading. But there is another very interesting statistics: of all people who try to lose weight, more than 90% fail to achieve their goal consistently. Hint, hint (where the problem lies ).
A few internet marketeers are selling mentoring , under the guise of successful day trading , but these are just scams.
No, I didn't hint that. By the way, I got very lucky myself to get even more than one quasi-mentor who never charged me a penny. So not all people who post on the forums are scams.