Some get out too quickly, and some get out too late. You never know if you will be profitable in future, it is always a (calculated) gamble. If you could know in advance the result, 90% of "traders" would probably never have started.
I would say at least 90% greatly underestimate what it will take to become a professional trader......made worse by the bullshit hype by the self anointed "gurus".
Hello Blaze, You make very good points and I agree with all your statements. If I was profitable last 3 years I would gladly post my broker statements to inspire and encourage other day traders that it is possible. It would be very easy and simple for me to do that. And I would be bless to do it. It is not rocket science and you simply speak the truth. Day traders lose money simply because they do not have a verified trading edge(s) and noone with verified edge(s) to teach them how to find verified trading edge(s) or because the teachers themselves do not have verified edge(s). In addition, day traders do not have time to find edge(s). So they have take it day for day. And this takes a lot of time and passion. Just to inspire someone, I show my broker statement below and also show a system I am back testing with some potential edge, hopefully it pulls through and I put money on it. I am not sure while others do not this. no big deal to me. I started this account with like $5000 like a month ago. Hopefully it makes some money and I scale to XX contracts and make big money. Here is another I work on. It is on the 3 minute chart as well. I find the trade ideas by myself and never read the trading books. Just stare at the chart and test whatever I want to.
Why would anyone inspire other traders. This really isn't a commune type environment, another trader is more likely my competition than a help to me. Unless you mean inspire traders that you know will lose, but that's sinister. Besides, he was looking for verified results, that costs money. The return on that is zero unless you're looking to attract investors here. I hope the slippage or at least the spread is included because a profit factor of 1.20 is close to nothing unless it's a HF system with millions of trades a year (and it's not).
Trading needs to attract more fresh meat into this meat grinder. WSB was a huge boost to it. We should tell everyone that trading is the easiest money they will ever make.
I have to disagree with you on the inspiration point. I have tried to help other traders as I have been helped by others along the way and believe in no way does it diminish the effectiveness of a retail trader. Everyone will end up with their own variation no matter the source or quality of counsel. As an ES trader nothing I do or any retail trader I know is going to have any effect on it's movement. The big dogs in the pits had that kind of ability but the pit days are over.
ROFLMAO Did Blaze “burn out” or did he request you pick him up at the airport?? Me thinks probably the former.
The return on that is zero unless you're looking to attract investors here. i've read this part of your post and contemplated on it for quite a while. Ultimately sharing your performance on public forum is really fucking pointless unless like you said, it either enriches you with OPM or feeds this intangible ego that all of us have (some more than others) or posting for the "likes' as if it's the proverbial "good job buddy" that we crave or lack growing up lol or is it that some people actually prefer to help others even if it means disclosing their edge to others? give hope to others it's possible? for what? man..on a friday i'm getting philosophical as shit.
I agree that there's a lot of stupid bs YouTube videos about daytrading especially the last few years. I disagree re negative comments about daytrading. I've been daytrading since the late 90s and love it. I've had winning and losing years. The main thing is to learn what works and be focused on improving. my best entries today = uvxy 26.1 & 26.4 oh yeah i really fking trade