Study says Daytrading for a living is virtually impossible.

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

  1. speedo

    speedo

    Could it be that surf, put on his latest disguise and slithered back it?
     
    #61     Sep 11, 2019
  2. TheBigShort

    TheBigShort

    Speedo, enjoy it all you want, you have not made a dime trading. I am simply stating chart reading is a waste of time. You develop 0 skills in doing so. Hour after hour, you are staring at a picture. I would rather not see people go down that route (or they might end up like you and I would not wish that upon anyone).

    Instead, people would be better off looking for value opportunities, in a relative or absolute term.

    Ps. I was talking about moving the world forward (helping humanity was a bad way to say it). For example, Robert Engle has given a lot back to the finance community. Imagine he wasted his life staring at chart patterns...

    I actually have a suit in my profile pic! I guess I fall in the later category :D
     
    #62     Sep 11, 2019
  3. speedo

    speedo

    My life has been a delusion, thanks for wising me up Shorty :D:rolleyes:
     
    #63     Sep 11, 2019
    beginner66 likes this.
  4. krugman25

    krugman25 Guest

    Yes, you certainly do
     
    #64     Sep 11, 2019
    speedo likes this.
  5. Overnight

    Overnight

    Is there a cheeseburger in a Maserati pic? All greasing up the steering wheel? Yes, that would be him.
     
    #65     Sep 11, 2019
    speedo likes this.
  6. speedo

    speedo

    I want to see a pic of his wrist to see if there is a Swiss knockoff on it :D
     
    #66     Sep 11, 2019
  7. Totally agree. I think there is this perception that outsiders think day trading is easy and they can learn it by reading just a couple of books and off to Tahiti they go. So when people new to the profession fail they think that this is a crock of crap and no can succeed at it.
     
    #67     Sep 11, 2019
    maxinger likes this.
  8. maxinger

    maxinger


    right mister.
    the journey to be a successful day trader is extremely difficult and perhaps deadly.

    it might cause us to lose our property,
    strain our relationship,
    lose tons of money through trading
    and at times, lives could be lost.

    only very few can make it.
     
    #68     Sep 11, 2019
  9. Don't forget the pink shirt! :D

    p20.png
     
    #69     Sep 11, 2019
  10. Overnight

    Overnight

    The way you typed that reminded me of the old Discovery.com commercials.

    (Sorry, I see cadence in typing.)

     
    #70     Sep 11, 2019
    remogul92 likes this.