99% of these "championship winners" disappear again after they won, and are never heard of again. John Henry never won any competition, but he made probably 1000 times more money than you. This shows the real relevance of winning a championship or receiving a lot of stars. Did Soros win as much championships as you? Or James Simmons? Probably not, so you are much better than they are? We see that all the "nec plus ultra" is gathered on ET. Not only daytraders but also other worldfamous trading heroes.
I don't generally... and it's not for boastful purpose. Many on ET only hope they can someday achieve their goal of making a lot of money from the markets. Many say it's impossible. I don't need anyone's adoration. I only reassure that it IS possible.
There was a bit of "edge" trading international funds (the "monkey-see, monkey-do" edge), but the SEC put an end to that by making the international funds post an artificial, "estimated NAV" rather than the actual NAV. Mostly I relied upon Technical Analysis. (Yeah, I know... lots of people say TA is hokum... but they are wrong.)
I know it is possible. My general impression though (and I don't day trade) is that many folks dont know what they are up against, dont have a well tested plan and are using too much leverage. For me longer timeframes are much easier and less stressful but the new folks seem to want to day trade for the adrenalin rush and % movements. You can easily get 20% swing trading per year without the hassle of looking at a screen all day long. I am not saying day trading cannot be done, it can, but its a real hard place to start. After looking at many days of charts I may be able to make money from certain situations, perhaps 10% of the days. The other 90% would be 50:50. Just not a place I want to go.
I would say you are mostly correct. Though I've never tried it, I've always thought day trading was too much work and too iffy. Personally, I've always been a swing trader.... though I do day trade the ES with a "swing style" (as opposed to scalping) for part of my money.
You are continually commenting on things you known nothing about. JA was/is an active poster on ET. surf
Soros reads ET as do many other "famous" money managers and traders-- some post, but you would never know since you are so far removed from the loop. It's a very small world---- If you only knew how much of an assclown you are making yourself appear to be. I would suggest starting to read and learn rather than posting for awhile. surf
you obviously don't know many wealthy people. Some are humble, others are the most boisterous assclowns you ever want to meet--- it runs the spectrum, you can never tell by the way they are suppose to "act" according to books of total garbage like the "millionaire next door" nonsense. surf