No, I am not, and I never will be, as I am not American. Why do some people always think that Americans are the only people on earth? At the Forbes 400 there are several people who never achieved anything,they were just lucky to be born as son/daughter of... and appeared in that way on this list. It would be interesting to compete as a daytrader against Soros. Especially because Soros is no daytrader at all. I would accept the challenge to a daytrade competition with him.
Logic and knowledge are basic and needed parts of trading. But sometimes my postings can hurt the ego of some people. Then you get non relevant reactions like "Soros... Forbes 400...", in which people try to deviate the discussion away from the real problem to nonsense like Forbes 400. In daytrading I am better than the majority (50%) of Forbes 400 celebrities, so what's the relevance of this Forbes 400 list? Most of these people even don't know what daytrading is. If your ego is hurt by a posting, it is clear that you will never become a good trader, as good traders have no ego. Ego will destroy your performance. So this posting apparently damaged somebody's ego, but to me the posting was correct. And what is more important: instead of being busy with your ego, you should read and think about what was posted. Maybe then it is possible to take advantage of it and maybe learn new things. When I started (paper) trading I had no clue what I was doing, but I tried to gether all information possible and examined it. After some attempts I believed people who said that it is imposisble to be consistent profitable, but at the same time I never gave up. I had to change my initial opinion: you can trade consistent profitable. With the emphasis on CAN. "It has nothing to do with hindsight. If it does, it means that you are not able to trade that way because you have no clue. It is not because a blind cannot see, that it does not exist. You can find areas where a trend change can happen. If you backtest this you can know with high probability what the chances are that the signal will be a good one, you can also know with high probability what the chances are that it will be a real trend, and you can even know with high probability what the chances are that a trend change is occurring as you will get a new signal. It is an eternal recurring cycle. Looking at past data can help you to find these cycles. So past data can indeed help you. You should only know how to do that. So you are the problem."
Not really hurt, maybe bewildered as to your assumptions re what other people actually know. It would not surprise me if you lectured Einstein about relativity. Continue...
I must admit that maybe the way I post might look arrogant. That's not my intention. I try to post out of my personal experience and conviction. But English is only the third language I speak, so maybe that explains why it can look like arrogant. I do not always completely understand the finesse of the language and the way sentences are formulated. I am profitable for many years now, so that means that ego is not important for me. My ego was completely destroyed the first years of my attempt to become a good trader. I made many mistakes, even very stupid ones, and I don't consider myself as very smart. But what I post is what I firmly believe in, and maybe that is interpreted as arrogant. Firm can be close to arrogant. About "your assumptions re what other people actually know.". If people speak about "hindsight" it is clear what they know, or rather what they don't know. No reason to be bewildered. I reacted on the knowledge they showed themselve. I don't make asumptions like "Forbes 400 or Soros...", I just react on what is posted.
It would be interesting to compete as a day trader against Soros. _______________________________________________________ Maybe when you come down from the crack, you could write a book about how you are the ultimate trader of all times, not Soro's. Soro's would consider 'day trading' completely ridiculous anywy.
Trend trading is still in vogue and is the proper strategy for the retail trader. The market is always trending on some time frame. Find that fractal and trade it. Reminder--in order to profit, prices must trend --
Maybe you should first learn to read and write correctly. Your writing reflects the quality of your posting... I am surely not the ultimate trader and never wrote that. I don't care what Soros thinks about intraday trading, whether he likes it or not will not change my profits. I make a multiple of what the average American makes in salary so the rest I am not interested in. Neither am I interested in what jealous people like you write. Apparently you asked Soros what the thinks about daytrading as you already know for sure his answer. You sound like Marketsurfer, he also knows all important people.
What's your style of trading? Soros is too busy managing his portfolios worth billions, why is he part of the discussion?
According to some here, I am a loser, a pretender, a faker,a papertrader, an idiot, a seller... You name it I am it. So not worth to tell here anything anymore. Killshottrader mentioned Soros, not me. By lack of arguments bashers post nonsense. I only responded.