Why successful and very active day trader ( 60-40 win/lose , over 100 trades a day) would ever have a losing day ? The 100+ trades makes the stats stable enough to eliminate " bad luck" factor. Can you imagine successful option's trader posting an overall loss in his last 100 trades ?
They trade with their firm's money, and they pay no or near zero commissions. Retailers who try to scalp lose. big. Damn decimalization...
WOW, that's unreal. At least in my book! My best streak was 20 something trading days in a row... WEAK!!
I happen to know a few retailers that make good money scalping, and they happen to pay a lower commission than me. Near zero commissions? My firm still has to make a living too.
So do I, the problem is that the success rate between prop (or similar) traders and retail scalpers is very skewed. The high volume multi-trader firms execute 1000s of trades each day. Costs come down. Retail traders have to do immense volume to get competing rates.