most traders get whipsawed by volatility and get stopped out because they trade away from ema. the ema is where everyone is in agreement and so volatility is least-it is never non existent and if it was, it would be hell for any trader- and so stops can be fairly tight
interesting i thought the ema fmwas calculated after price? pull up a 12 month ema on the nasdaq. show me how much you missed.
Everyone who held to get SPY since inception did well Everyone who held Berkshire Hathaway since inception did well Anyone in their 20's who presses MAX and MARKET on their tax efficient retirement account figures to do well. If self-directed, suggest loading up on Berkshire Hathaway and holding
Statistically it's true in aggregate, but if you define some conditions to filter out people that never had a chance in the first place it probably looks better. Yet it remains that the main problem with DAYtrading is the many market regimes where jack shit happens that can be traded IMO... 2020 is an exceptional year in that regard. As @tiddlywinks says above, hope is not a profitable strategy.
This is a typical career progression : long term investor ---> swing trader ---> day trader --> financial freedom This is possible but probably not that common : day trader --- > swing trader --- > long term investor --> financial freedom of course, the probability of reaching financial freedom through day trading, swing trading, or LT investing is very slim ____________
This is the bitter truth. Why does the industry invite everyone to trade? Because they wants you make money? Or they wants make your money?) Most people give something useful to others and get paid for it. Its normal. But a private trader does not receive payments from other poeple for some products, he bets. Sometimes he wins, but more often he pays out of his pocket.