No day trader on this planet can make yearly profits

Discussion in 'Trading' started by teewoods, Nov 13, 2019.

  1. SunTrader

    SunTrader

    "I can't do it, so no one else can" yetttttttt again.
     
    #41     Nov 13, 2019
    VPhantom and d08 like this.
  2. wrbtrader

    wrbtrader

    Seems like you're saying you've spent some of those 25 years trading as a floor trader.

    Then at some point, you tried your hand as a day trader without giving any reason why you stopped being a floor trader.

    Next, you failed at day trading although most likely you had a few year lucky streaks.

    I'm curious why you stopped being a floor trader and which years were your lucky years at day trading. Also, did you trade the same trading instruments as a floor trader and then as a day trader ?

    Maybe the above is rhetorical because I don't expect you to reply nor answer the above questions.

    wrbtrader
     
    Last edited: Nov 13, 2019
    #42     Nov 13, 2019
  3. ironchef

    ironchef

    He did say martingale. With large/unlimited capital, it should work, e.g., for Goldman and your pro boys.
     
    #43     Nov 13, 2019
  4. ironchef

    ironchef

    If he was profitable in the end, nothing wrong, good strategy.
     
    #44     Nov 13, 2019
    _eug_ likes this.
  5. dozu888

    dozu888

    define 'work' lol.... that is pure gambling with no positive expectancy.... I'd not call that profitable trading...
     
    #45     Nov 13, 2019
  6. ironchef

    ironchef

    Be nice. Why can't you winners be a little nicer to us losers? :p
     
    #46     Nov 13, 2019
    SunTrader likes this.
  7. Going long in a bull market isn't hard.

    Here is some more information from the "not a trader" perspective:
     
    #47     Nov 13, 2019
  8. ironchef

    ironchef

    So everyone on ET should be printing money.o_O
     
    #48     Nov 13, 2019
  9. Aren't you? I use a very small amount for trading which lets me post screenshots of 20% returns at least once a week. The rest is in DRIP.
     
    #49     Nov 13, 2019
  10. FWIW, here is today's upload_2019-11-13_15-8-36.png

    And yesterday's: EJMDi6kWkAATkHq.png

    Edit: and I've tested this strategy can scale about 10x capital without much slippage.
     
    #50     Nov 13, 2019
    ironchef likes this.