Hello SunTrader, Exactly, and if do long term trading, you get rich at 60 and you may pass away at 68. Long term trading takes too long to see if you will get rich. Too much risk of loss opportunity. Day trading far much better to do.
Lol. If I had a crystal ball to settle the bet, I would bet you are a losing day trader. And I would bet if you pressed Market and Max on your 401K account for thirty or more years you would be big winner. If your retirement account is self-directed, you would buy Berkshire Hathaway every month. Do you even personally know a day trader who has made money over a ten year period who you could have coffee with? I am sure you personally know many successful 401K holders. ___ Day Trading: The frictional costs, the algos, favorable rules for high frequency trading firms such as adverse fill selection for retail traders, and slower information flow are tough nuts to crack for all but 'perhaps" a tiny, tiny, tiny group.
Please don't interpret this as being critical as it is just a sincere question as to where you are now. In prior threads you admit that you are paper trading and I admire your determination to get it done. Where are you now? Have you found something that works for you or are you still refining in the demo account?