Study says Daytrading for a living is virtually impossible.

Discussion in 'Trading' started by traderslair, Sep 11, 2019.

  1. Same awesome candles and harmonic patterns and fibonaccis and retracements and tops and bottoms and shoulders and what have you as all other index futures

    Screenshot_20190912-230648.png

     
    #141     Sep 12, 2019
    maxinger likes this.
  2. Dunno about Brazilian market futures, but the ETF "EWZ" is big enough to handle some size.
     
    #142     Sep 12, 2019
    maxinger and vanzandt like this.
  3. wrbtrader

    wrbtrader

    Yeah, its not available in many data programs but it is available is some. Same with brokers...most do not have it and some do have it.

    It's one of those markets that requires a trader to understand the dynamics of the economy, geo-politics and such. Thus, its influence with a lot of fundamentals and someone really shouldn't be trying to trade it with technical analysis only...nothing else.

    If a broker or charting program has it...its probably one of those expensive data package addon because of the region location.

    wrbtrader
     
    Last edited: Sep 12, 2019
    #143     Sep 12, 2019
    maxinger likes this.
  4. Turveyd

    Turveyd

    Despite some good runs, I'm starting to get that feeling.
     
    #144     Sep 12, 2019
    tenny1886 likes this.
  5. ironchef

    ironchef

    Sorry to contradict you but they actually continued to track those that still traded after one year, just that the results were not encouraging either:

    upload_2019-9-12_14-45-42.png
     
    #145     Sep 12, 2019
  6. monet

    monet

    The number of days traded above 300 days is unspecified. Chances are there's a high drop off rate.

    The study is flawed.

    It's the equivalent of studying the arithmetic ability of children, but discontinuing at age 2 and concluding 99% of children cannot do arithmetic.
     
    Last edited: Sep 12, 2019
    #146     Sep 12, 2019
    comagnum and cafeole like this.
  7. canoe

    canoe

    so they sampled a bunch of daytraders who just recently started trading and found almost everyone failed to be profitable in 1 year.

    lol. in other news, water is wet.
     
    #147     Sep 12, 2019
    KCalhoun, Seaweed, Turveyd and 2 others like this.
  8. bone

    bone

    Truthbomb
     
    #148     Sep 12, 2019
  9. Turveyd

    Turveyd

    All Studies are pretty much rubbish as the person doing generally has a bias.

    My mate who's suffered a knee injury been unable to run for 3years, believes a study that states running doesn't hurt your knees, while adding a long list of subjective exceptions which kinda proves the point it does.
     
    #149     Sep 12, 2019
  10. ironchef

    ironchef

    You are my hero. Those who can make a good living day trading full time are truly special.:thumbsup:
     
    #150     Sep 12, 2019
    tenny1886 likes this.