How is retail day trading anything but a gamble?

Discussion in 'Trading' started by kmiklas, Jun 4, 2020.

  1. ironchef

    ironchef

    Can you name one ET day trader making six figures a day? o_O
     
    #41     Jun 4, 2020
  2. destriero

    destriero

    #42     Jun 4, 2020
    JesseJamesFinn1 likes this.
  3. Overnight

    Overnight

    If it takes them only 3 Heinekens to get sizzled enough at the bar to tell the truth, they are teetotalers. Not worth the time. Good folks to start playing poker with after you've had a 12-pack and are just getting going, while they're begging for mercy under the table and just giving away their chips.
     
    #43     Jun 4, 2020
    SunTrader likes this.
  4. Tradex

    Tradex

    #44     Jun 4, 2020
    smallfil and comagnum like this.
  5. destriero

    destriero

    #45     Jun 4, 2020
    JesseJamesFinn1 and trader99 like this.
  6. destriero

    destriero

    There is no asset class more appealing to the piker sub-class that FX. Can I earn in spot/fwd FX? No idea, but I'd take a 7-figure pay cut.
     
    #46     Jun 4, 2020
  7. Tradex

    Tradex

    Pfff... beer money.
     
    #47     Jun 4, 2020
    comagnum likes this.
  8. Overnight

    Overnight

    There is an odd irony in that statement. So traders with lots of profits should not post blotters because it seems they are bragging, and traders with lots of losses do not post blotters because they would seem humiliated.

    So who, pray tell, should and do post blotters? Just the BE guys?
     
    Last edited: Jun 4, 2020
    #48     Jun 4, 2020
  9. Tradex

    Tradex

    Not at all, there is absolutely nothing wrong with posting buy/sell signals with specific stops and targets.

    It's just the "hey look at me I am a big shot I am making big bucks and you are all just a bunch of losers" attitude that I really do not like.

    Only deeply insecure people act like that.

    Seriously, when was the last time you saw Soros or Buffet posting - and bragging about - their winnings in Internet forums like ET?
     
    #49     Jun 4, 2020
    comagnum likes this.
  10. Overnight

    Overnight



    So do you want folks to post their blotters/journals or not? Hehe.
     
    #50     Jun 4, 2020
    SunTrader likes this.