Do you think this is the truth about day trading?

Discussion in 'Trading' started by Ates, Dec 9, 2020.

Do you think this is true?

  1. Yes

    59.3%
  2. No

    33.3%
  3. Not sure

    7.4%
  1. cafeole

    cafeole

    You know what trading success is. Everyone does. It is making money. Now, how much is subjective, but losing money is not success in trading.
     
    #71     Dec 10, 2020
  2. cafeole

    cafeole

    Now that is crap. There a degrees of success in normal jobs, but success is ALWAYS measured by being employable and making money. We are talking normal professions here, not something nebulous like parenting or the priesthood. If you are a successful engineer, you are employable.
     
    #72     Dec 10, 2020
    murray t turtle likes this.
  3. cafeole

    cafeole

    Exactly the same in normal professions.
     
    #73     Dec 10, 2020
  4. deaddog

    deaddog

    How do you tell if you have a good teacher at elementary and high school level?
    They are unionized and get paid by seniority. Everyone at one time or another has had a poor teacher.
     
    #74     Dec 10, 2020
  5. cafeole

    cafeole

    My definition of a success in a profession is being gainfully employed. My definition of success in trading is making the amount of money you are striving to make. Has nothing to do with anything else. I was gainfully employed as a software engineer and made, imo, good money. You might not have thought of my skills the same way my employer did, but that is not the point.
     
    #75     Dec 10, 2020
  6. tiddlywinks

    tiddlywinks


    I'm not sure what this current convo is about, but...

    Bernie Madoff was "gainfully employed".
    Russell Wassendorf was "gainfully employed".
    Insert your own favorite flim-flam con persons here.

    "gainfully employed" is not valid criteria to reckon "success". Money as a standalone is not valid criteria either.

    There are "gainfully employed" hucksters making big money in most professions, "trading" and finance are not an exception.
     
    #76     Dec 10, 2020
    padutrader likes this.
  7. cafeole

    cafeole

    This convo started because I mentioned I was a successful engineer and software developer and that I suck at day trading. My criteria of success was that I made money at my professions and lost money at trading. The conclusion was that one could be successful at one profession and not at another. It then descended into a discussion of what success means. That discussion has nothing to do with my original post. I guess this is what happens on ET.
     
    #77     Dec 10, 2020
  8. speedo

    speedo

    Inevitably what happens.
     
    #78     Dec 10, 2020
    cafeole likes this.
  9. padutrader

    padutrader

    well i can tell you trading is ridiculously easy........

    once you get it

    i used to only lose money....now i dont but it took me a decade

    determination.....winners do not quit..........
     
    Last edited: Dec 10, 2020
    #79     Dec 10, 2020
    HolyGrailSeeker likes this.
  10. Simple read of the study SAYS it all >>>>>>> A new study of day traders in Brazil <<<<<
     
    #80     Dec 10, 2020