who are we playing against as retail traders?

But at the end of the month does day trading make more money.

I know it's anecdotal but in my case it doesn't.

 

Because we don’t understand that the number of trades doesn’t matter but the number of successful trades does, this is the reason most of us fail. Even if you are making a hundred trades and 40 trades are successful out of them, you are still on the losing side.

 

Got a lot to learn.

 

I just think swing trading takes a trader too long to witness if the trading plan makes money.

Like if trader is trading daily charts, probably gets like 2 trades a week. Trading 1 minute or 5 minute charts, gets about 50 trades week.

 

I'm in this business to make money.
I'd be happy to only make a trade a month or less. I'd be really happy to find a stock that never hit a sell signal that I could hold forever. A steady trend upward with no retracement.

50 trades a week keeps you busy but are you making any money?

 

This thread is not about me making money deaddog, its about giving us retail traders logical practical simple solutions how to make money in an expedited trial and error fashion.

My opinion was simply was:

I recommend a trader trade the small/micro charts to get more trades a day/week/month to gain more experiences trading.

It is hard to get that amount of experience trading higher time frame charts. Especially if discretionary/manual trading.

 

You are playing against the algorithms implemented
by market makers to (statistically) optimize their profits.

 

Point taken.

 

Those are the people that take money from traders who sustain net losses over time. If you are winning it is very unlikely you are taking money from the professional math geeks and software engineers. Winning traders will almost certainly be competing with those math geeks and you both will be taking money from the losing traders.

 

Do they become competitors when GS tells all of its employees to vote Democrat and donate to the party?

Or when, GS becomes the investment bank of choice for most FED Chairmen?

Or when investment banks engage in front running orders ahead of our own?

Or when the top people at Citibank, Black Rock, and GS socialize with political figures at the same country clubs, and private events, getting inside information about upcoming leglislation?