What the world's greatest trader says about daytrading

Simple:

Just be one of the 5%

PTJ is my hero, thanks for the link it was a great read.

 

I doubt he can, seeing that 97.3% of all ET poss cannot be validated statistically.

 

gidyup see attachment

 

Only someone as dense as you would miss the obvious joke I purposely put into my post. 99.99% of all people reading it would have got it. The other .01% take the short bus.


P.S. how embarrassing for you lol.

 

That's really an excellent point cash. We don't really know, do we, what the real statistics are.

I also want to add that there is a tremendous advantage to day trading, viz., you are out at the end of the trading day, and when you're out, you are not at risk! Day trading rocks!

 

In the same book he also recommends against investing in the stocks of foreign companies. O'Neil is a fossil. Time to update the reading list.