Hello cityboy12, Ignore these guys here at ET. They are influential, but they bullshit alot sometimes. You offered some good stuff think about. Thanks
Seems like some stockbrokers go bust..some trading firms go bust...some portfolio managers go bust...seems like I faintly remember such things...ROFLMAO PS. now price drivers....well that is a horse of a different color...they are guaranteed...they just disappear for a while and then return back even more colorful....
Day trading is hard and many traders do fail at it because: They are lazy entitled babies who think there is a shortcut to mastering a skill. They are trying to day trade from their other job's office and get completely distracted. If I have other business going on I shut the screens off as I know you cannot trade distracted. Very few dedicate all day to the craft, they think they can do it part time with little respect and make money. They are fucktarded. Many have no actual skill in analyzing charts and rely on indicators as a magic tool to tell them when to buy and sell and get chopped to shit. They have no discipline to sit there day in and day out and focus. They blame the market for their lack of discipline. Extremely poor money management skills and end up blowing out their piker account. They research and pay for other people's systems instead of developing their own. They trade the wrong instrument for their skill, knowledge and risk tolerance. If they fail a few times they try to validate their failure by claiming it cannot be done and bitch and moan rather than work harder. If it were easy everyone would be doing it. Most fail because of reasons above and they never correct their mistakes. Failure breeds failure. Studies on day trading are bullshit that can be detroyed by anyone with even Statistics 101 course/background. If you rely on a study of day trading to make a claim, you are proving to the rest of us why you fail because you fall under many of the categories above.
I very much doubt these people are "influential" in any sense other than in the narrow context of this forum?
1.Trade right way consistently....true..AND nothing truer has ever been said on ET 2. Trade with right risk/reward...oops that one (the concept ..that is) can be thrown in the air like a tin can and shot with a 22 rifle 3. Emotions...mine yes...yours or anyone elses I could care less...