Why not sweep? I have all the buying power I need with professional leverage. I can't speak about trading. I don't know my win/loss ratio or average win. I am just a monkey who trades news/stories stocks. I am a self admitted idiot that just bangs away reading the tape/specialist.
=============== More accurately measured in years, sure some [say 20%] are profitable in 6 months; but thats barely enough time for a major trend change, so they may or may not even be profitable in 7 months. If you told your bank or mortgage co you are profitable because you did it 6 months; see what they say. Hint, it takes more time than 6 mo. One et poster said why wont people give me a straight answer; some say months to be profitable ,some say 10 years??????? Told him you got a straight answer, both are /could be correct; it just wasnt the answer you were looking for Daytrading is harder, thats why most money isnt made daytrading; because takes time for trends to be friend, put on a king size position, takes time for overnite gaps.
i make a million dollars a day.....now all run and say i know guy who makes a million dollars a day daytrading..........wow.....then there is th eguy who says i make 200/day datrading....wow.....see how easily money is made on the forums.........don't do it and u r better off unless u have proven to be one who dares to be different......... 5 years is average learning curve for normal guys.....smart guys take 10 .........
i tel you something and go write it on your wall. There is no such thing as getting laid with chicks you just met. It just doesn't exist. No 'player' is ever successful. The only way you'll ever have sex with an actual female, is to put a ring on her finger, and make a life long commitment. Otherwise, forget it. Now, I may be a high school freshman who's never even gotten to first base, but I KNOW it can't be done....
WOW........tell me more.......the wisdom is overflowing........5 years is good time frame for becoming successful day trader in eminis////
Many who aims for 1% consistent rate a day usually hold on to their losses and lose 10% easily, with capital tied up until they are forced to sell to cut loss.
Movement of stocks are both up and down . Plenty of movements everyday. Are you sure you can be in the right direction of the move more than 50% of the time ? you can be right 90% of the time with a gain of 1 percent each time, but the other 10% wrong, if you don't get out on time, you probably wipe out all your gain plus some on the negative side. That's how people lose money.
Since someone mentioned this link: http://www.trading-naked.com/paul_rotter.htm I'll take an excerpt out: "he had to work hard to make it. he blew up in the beginning of his career, which was painful but also educational - he learned his lesson and with lots of research, seeking improvement all the time, he became the man." Someone else mentioned it's like going to a Private university paying $35K a year for your education. Me personally, it takes me 7 years to learn to be calm, cool, collected. Those who start should have a back up plan to replenish once the fund runs out. Sometimes, I ponder, if everybody is a winner in this life, everybody would be on a beach 6 months out of a year. Who'd be working ?