If you are a day trader with a persistent edge, are you a millionaire yet?

Discussion in 'Trading' started by Blitzjoker, Oct 24, 2020.

  1. Blaze

    Blaze

    Are there any profitable day-traders? Probably yes.

    However, very few people can day-trade successfully. Day traders make brokers rich with many costs. Brokers love day traders.

    I'm a swing trader where there is less noise. I personally believe swing trading is the sweet spot between enriching the broker (day traders) and compounding benefits.
     
    #181     Jun 30, 2021
    comagnum likes this.
  2. deaddog

    deaddog

    Full time or as a sideline?
     
    #182     Jun 30, 2021
  3. Blitzjoker

    Blitzjoker

    I have come across two or three people on here who sound as if they are profitable day traders. It is hard to tell for sure of course, as a lot of people talk a good game, but some of them ring true to me at any rate.

    I think I agree with tradex - it is easier to perhaps think you are have an edge on higher time scales simply because you make less trades and so can win for quite a while before the lack of an edge catches up with you. I suspect that few swing traders make money too, but maybe I am wrong. Trading is hard.

    Lose money fast or slow, you still end up with the same amount of nothing, as poker player Amarillo Slim was credited with saying many years ago, a quote that has always stayed with me.
     
    #183     Jun 30, 2021
  4. Blaze

    Blaze

    Trading is a side hustle for me. I am the proverbial retail trader. So far so good.
     
    #184     Jun 30, 2021
  5. themickey

    themickey

    Losing slow is like paying for entertainment. :)
     
    #185     Jun 30, 2021
  6. padutrader

    padutrader

    yes if i did not eat or spend on electricity health or play golf i would have had 40 million by now
     
    #186     Jun 30, 2021
  7. padutrader

    padutrader

    ideas !!!!!!!!!!!!!!!!!!!!!!

    bull and bear strength is not 'IDEA'......it is a fact.......

    how on earth do you back test bull or bear strength.....you have to judge it continuously to know what trades to put
     
    #187     Jun 30, 2021
  8. d08

    d08

    Tradex, as a nobody who probably just started trading last year, your ignore list is completely irrelevant. Sounds like your parents always told you that you're important but this is the real world and you don't matter.
     
    #188     Jun 30, 2021
  9. padutrader

    padutrader

    how much capital do you need to trade 1500 contracts......

    he was filthy rich why the hell would you trade

    sounds like Mark is good story teller
     
    #189     Jun 30, 2021
  10. Tradex

    Tradex

    Ask your psychiatrist to increase your Valium dosage, the one you are currently taking (20 mg) does not work anymore, obviously.
     
    Last edited: Jun 30, 2021
    #190     Jun 30, 2021