Partially automated, mostly the mathematical part of the analysis. Trades are done discretionary within the rules of math. Age has nothing to do with it. Some people are at the age of 30 already too old, while others at 60 still have the drive and energy to continue. It also depends of the intensity that the trades ask from the trader. Do you have to be concentrated from the opening till the close, do you have to do a lot of discretionary thinking, are your entries not good resulting in a lot of stress because the trade goes far and long in an open loss or not... All these things can eat a lot of energy and result in a burnout, or a blackout. The more relax you are the longer you can continue as a daytrader.
Credibility and background. Large institutions want to see that the manager got experience at related roles in the finance industry, at one or multiple firms. Maybe family offices and high net worth individuals are more lax.
I remember when I was trading full time, vacations were hard. I was an independent option MM so I always had inventory. I had to reduce my risk for 2 to 3 trading days, then not make money for a week and the cost of the vacation. When it was slow, the last thing I wanted to do was not make money for two weeks and pay to go away. When work was busy, it was hard to walk away because I was do well. The reality is you have to take time off. You need it and so does your family.
Yeah, I am not generating enough income for day trading to be my full time job. I have no issues admitting to that. I think you're taking any potential sense of frustration in my post incorrectly. It seems you think I am mad or frustrated because I can't make it. That isn't the case, while I wish I was a lot further along than I am. Not really unhappy at all with the results I've been having lately. Just get's old seeing people mislead others. Also, I know quite a few successful day traders and for a couple of them it is their primary source of income. Not really seeing where you're directly disagreeing with anything I said... just looks like you're trying to give me lessons that I don't need or already know, maybe someone else will benefit from that though. As far as you quoting me. You're post does come off to me as if I hit a nerve somewhere in you, not saying it's a big one. But your post does read just a tad bit weird like you're slightly coming at me in an odd way or again like I hit a nerve, but maybe that's just me. So, I still think that quote applies more to you, than me. Again just my opinion it's fine if we differ. At any rate that's excellent that you have done well. I am sorry if what I said offended you or struck a nerve. Have a good trading week and trade well
@virtusa oh man... I really don't want to get into a debate but I just caught something you said that really makes no sense. Like what do you mean the 20 % that I mentioned? Like you do realize other people mentioned it first and I was just saying if you ONLY make 20% as a day trader you can starve..... yet you're quoting me and talking to me like I don't know that's a very low amount for a skilled day trader to make when that was my entire point? Like what are you talking about? I am genuinely not following you.
If someone actually figures out a edge, a good trader will be able to spot it without a long period of testing. Most con men backtest , then pray a forward test works by luck so they can sell their worthless crap to the sucker There, now go to it
My post wasn't abotu guarantees. Those are investors EXPECTATIONS. And then the game begins whether you can convince them to meet those expectations.