Reality of Day Trading

Discussion in 'Trading' started by smallfil, Aug 20, 2020.

  1. Stockboy

    Stockboy

    thanks Sommi., Ill just have to take your word for it tho :O)
     
    #61     Aug 25, 2020
  2. Nobert

    Nobert

    The reality is, if you want the truth, you collect the data yourself, on what works and what doesn't & you don't take advice from someone who spins on a steel bar and makes more from affiliate (that's my guess) links than from the actual craft itself.

    I doubt that there is lots of correlation with higher intelligence and passion for dancing (specifically that type of dancing), cmon, look at that marketing in thumb. Selling a trading cup.
    Background full of charts.

    It's like em people selling t-shirts (cups as well). Easy come easy go. None of them is going to be next Musk neither next Icahn.

    aff.png

    All of this just screams - average IQ.

    I wouldn't suggest anyone, to paint their view of reality, based on the opinions of someone like that, as mentioned before, you need to & you must, for your own benefit, to experience yourself, that which works and what doesn't.

    Even if she said, : ,,Day traders are making $100 per day'' . So what. Look at the wealthiest people in the world, and see how many of those, are playing this game.

    Ain't gonna find musicians, athletes, doctors & pole dancers in there. It's the -

    Market players, that rules.


    And that fact alone, should be enough of encouragement to find out the ,,reality'' , yourself.
     
    Last edited: Aug 25, 2020
    #62     Aug 25, 2020
    NoahA and Turveyd like this.
  3. Turveyd

    Turveyd

    Day Trading was going well, but then somethings changed, either the market or my self confidence to take smart trades, not sure which.

    Back in Demo Rehab, having a tune up!

    Sure can lose money 3x's faster than make it, especially if you take a few losses personally and go hard after revenge LOL

    Got a new well old plan, that seems to fit the conditions better.

    Day Trading, will and can get you rich but for 99.7% of us, it'll just drive us crazy.
     
    #63     Aug 25, 2020
    Fonz, comagnum and Nobert like this.
  4. heispark

    heispark

  5. anyone have the understanding of Elliot Wave ??
     
    #65     Aug 26, 2020
  6. Turveyd

    Turveyd

    It's only visible after the fact, only way to make money is to Teach it, and because it's subjective there is no come back, when they can't repeat it. *

    * Some very good traders likely think there using it profitably, but there really just very good traders, you can make $$$'s from a coin flip if you exit right after all.
     
    #66     Aug 26, 2020