LOL no sir I will not post anything about yearly returns. Respectfully if you wish to know how I scalp then read my journal on how I scalp. If you are not interested in scalping, then don't read it. IMO anyone who is an anti-scalper is potentially leaving money on the table as is WXY with swing trading. But again, that is just my opinion (or maybe mathematical fact??) Just think deeply about the few short posts I have made in this thread as I jostle with WXY. Every man..every trader..has to do whatever floats his boat. I am not against swing trading or investing. I am just saying they are not optimizing one's capital while scalping has the potential to optimize one's capital more than swing trading or investing. It would seem to me that the HFT's do it for a reason. I probably should leave this thread now. To all the swing traders: May you have a very good year in 2025 swing trading! I really do hope all of you (as well as myself) do well in 2025. Time will tell.
To be clear - this thread is not to be understood as an encouragement to pursue day trading or even trading at all. I'm just trying to get people to fully understand why they're actually losing and what's actually required to win. Plus a suggestion for what approach I personally think is the easiest way to be able to actually make money if you're still persistent enough to continue. My general advice when I hear people who want to get into trading is to forget about it. The general problem on ET is that just like in real life I'm sure 90 % of posters are not making money or at least serious money (more than you would by just investing your money). How many fake mentors have this site had over the years? Yet, they still want to mentor other people here and hand out advice. One may question the motivation for doing so, but I suppose everyone likes admiration and followers even if it's online. Of course, doing so is potentially very harmful as there are many individuals who come on to this site who should be discouraged instead of encouraged. Instead, they waste years of their life and a lot of $$$ by following the advice of some individual who is not profitable.
Well, let's just say that unless you beat the S&P by a wide margin last year, you have no business mentoring other people or promoting day trading / scalping. What you're doing is potentially extremely harmful and NOT helpful. However, if you're actually RICH from using those methods that's different. Question is: Are you?
Alright, so what would you recommend for someone that wants to start day trading? Not for me, as I am a lost case. But someone else might be reading this thread.
What is required to win is the ability to understand price action and respond in a nano second, or having enough capital to influence price action...both of which none of you have.
Wow, wyx boy. Banter in public forums does not match reality most of the time. It is all part of the fun.