It doesn't get any better.... good pick. "One slip, .....and down the hole we fall It seems to take.... ......... no time at all A momentary lapse of reason That binds a life.... for life".
Yeah, most people are naive. They think trading are cake walk rather than a battlefield where ONLY the strongest can survive. Even for institutional traders with degree from top schools, they have all the mentor-ships, training, connections, information and technology that top firms can provide. Most of them get kicked out in couple years because they are under-performed. Only the few who really understand the market and perform survive there in the long term. If traders don't really study to understand the market and come up a working plan or strategies, which might take many many years, their odd of success in trading is really really slim in the long term. For people who don't prepare and step into the market thinking they will make a load of money soon, they will be in a real shock soon. They don't even know what hit them.
What is impossible? I say nothing: https://www.reddit.com/r/gifs/comments/6b16aa/he_doesnt_know_its_impossible/
What he said is probably true for 95% of the people reading it; not so many forum posts on subjective topics like this achieve higher validity than that (and I'm saying that as someone who daytrades for a living).
Trading has to be one of the easiest businesses to enter. All it takes is some capital. "Day trading" search results on Youtube = 8,900,000 videos. "Day Trading" Google search = 22,200,000 results. There is a lot of disinformation out there. Thousands of shysters willing to sell a newby their red light/green light trading system for a "small" one time payment. Hundreds of subscription "trading rooms" you can join for a monthly fee. Scammers taking existing indicators and renaming them for sale. Scroll through some of the Youtube video titles. 4,200 dollars in five minutes per day! People using our indicator have a virtual ATM! Daytrading for 8000 dollars in 25 minutes! Is it any wonder there is an extremely high failure rate?
Those titles are not misleading at all. -- But I agree those kind of titles usually attract the average, ill-prepared trader to the game who are ultimately doomed for failure. Easy come, easy go. Everything is a double-edged sword $4000 is only a 20% return on a 20K trading account. Assuming you go all in that return is not that far-fetched. Those kind of % returns are not that absurd or out of place in the options world. I must imagine though that more than 99% of traders would salivate for only a tiny fraction of that return. ET...EliteTesticles, or EliteTentacles is more fitting.
I think what they're saying is reloading your account is the easy part, making money from day trading is the hard part...but understand the angle you're coming from.
Point and clik is not daytrading. But you know that. Truetype doesn't believe in day trading so he was being sarcastic by implying to daytrade you just sit there like a dipstick and point and clik. As if you don't have to have any brains to day trade. And have a regular job to keep shoveling money into ones dipstick account! In other words, he was denigrating day trading and day traders. He was belittling people like you and myself. So I pulled a "Donald" and hit back. LOL. However, i was mostly joking around with a word play on his name...truetype.."why don't you go type something that is true"....ROFL...
@Handle you said; "THE most risky endeavor cause of what you average on each trade and what you risking on each trade is for me always inverse than on long term trades. Now I know it wrong compared to the masses who day trade and scalp, risking over 4 points tying to make 1-2 points in ES" Are you saying here that the masses risk 4 points to make 1-2 points and that is wrong or that you risk 4 points to make 1-2 and that is right?