The new middle-class gambling addicts: how day trading is ruining lives

This way of earning has become dangerous for people who have signs of gambling addiction. It becomes like some roulette.

 

Hello maxinger,

And only a few day traders know what successful day trading is.

 

well. it means can bring home the bacon almost every week

 

This is the problem, not the time frame they are trading.(My bold & underline)
Day trading is the least risky because of the time you actually have your money at risk.

 

Even with a good backtest and ok from a risk of ruin calculator, can still lose it all. I found an anomaly when using a 100pt trailing stop and reverse in the NQ. The market sets traps against the most common.

 

If they weren't day-trading they'd have time to think and plan and develop their strategy and follow its rules and keep emotion under control.

While the time-frame is not the cause of their losses, it makes them unavoidable. If you like, day-trading for a new trader is like driving a car fast with no brakes: I guess it isn't the defective brakes that kills them but the speed of the impact.

 

Dude, the original post said google it. Not hard to do. Someone like you who's been on here forever, should know better. I post the archive.fo link then suddenly I get attacked for posting pay content. I'm guessing you one of those people who uses torrent to get all your movies.

 

Interesting, many people don't like both of you.

So I guess both of you are friendless.

 

Your link did not work because it was not the archive.fo link. It was the original link and behind a firewall.

 

The drawdown risk in futures seems greater than the probability, especially with a low win% and high profit factor strategy.