I still have to know a daytrader who makes money in the long run...

I wouldn't put my money into anything with a shorter life span than me, and the whole notion of long-term investing is laughable, in my opinion. Keeping money current in a guaranteed investment vehicle is one thing, but expecting it to grow when it's out of your control is foolish, again, in my opinion. I am sure there are exceptions.

Success.

 

What an asinine statement of a thread.

 

germantrader: there are investment vehicles like real estate that can yield you a lot of % yoy. just think of buying a 100K euro apartment that you then rent it for 2K / month and you have a 24% return on your investment yoy. buy 5 or 6 of those and you are financially free so to speak and live off rent money without having to trade for a living.... trading for a living is not such a viable goal after all... you wouldn't want this routine day and day out for the rest of your life, do you?

 

Pips?
You mean Forex Spot?

You have 99.99% of losing money with Forex Spot.
If you don't lose by your own, your broker will "help" you lose.

Google about bucketing.

 

Where are these 100k apartments yielding 24k per annum?

 

Didn't we go through this before Crgarcia on a different thread. I am not in the mood of rehashing old arguments today. If Forex Spot is not for you, cool, do you and I will do me. Thanks for the unsolicited advise as always

 

Come on, I see them all the time on TV. Don't you watch the late-night informercials? I certainly do when trading globex at 3:00 am....

 

http://www.youtube.com/watch?v=iQNdi-fRExc

 

I invested in real estate. I gained 10% per year averaged over 20 years, including tax benefits. That is a shit return. 24% is one hell of a return for real estate, unknown in America year-over-year for that period of time. Congratulations on such a great return! But even 24% is a poor return for a trader.

Trading for a living? Have been for 8 years now. Why wouldn't I want a career where I:

1. Have the option of going to work today or not;
2. Taking a week off to travel, without trading along the way;
3. Taking a week off to travel, trading along the way;
4. Work without a boss except me;
5. Make a long weekend if I feel the urge;
6. Get paid whenever I feel the urge;

on and on...

Why would I want to commute and punch a clock in someone else's office? Unless you're geared for being a slave and not a trader. In which case, you belong outside of ET.

 

you obviously have never done this longterm yourself. Some of us have, and we know it doesn't work this way.