Why Do Most Day Traders Fail?

Discussion in 'Trading' started by DarkerthanDarc, May 20, 2025.

  1. I wouldn't praise Richard Dennis too much. He kind of sounds like a one-hit wonder based on his Career/Wikipedia page. All of his trading strategies failed or delivered no real gains after his initial early successes. His Turtles also later essentially failed.

    Alot of these huge trading success stories fizzle out. They were simply the right guy, at the right time, for the right success opportunity to happen in that time
     
    #81     May 23, 2025
  2. Good Evening sridhga,

    Yes, I will teach you. It is simple, yet robust:

    Step 1: Open your preferred trading chart at 8:30am central time

    Step 2: Click Buy or Sell Button until your Account PNL for the day shows green $X.XX to $X,XXX,XXX everyday of the week.

    Step 3: Stop and Quit trading when your Broker Account Balance is over +$7,000,000 dollars.

    Step 4: Do not do anything else in the world but step 1 and 2.

    Here is your trading Policy you must follow to be ES Trading Master.


    GET 3 GIRLFRIENDS OR 3 BOYFRIENDS.
    DO NOT WORK HARD LEARNING TRADE.
    DO NOT TRY TO LEARN TRADING.
    DO NOT READ BOOKS ABOUT TRADING.
    DO NOT ASK ANYONE ANY QUESTIONS ABOUT HOW TO TRADE.
    DO NOT WATCH YOUTUBE ABOUT TRADING.
    DO NOT POST ANY QUESTIONS ON ET WEBSITE ASKING ANYONE QUESTIONS ABOUT TRADING.
    DO NOT READ ANY BOOKS ABOUT TRADING.
    DO NOT TRY TO LEARN TRADING EVER EVER EVER.
    DO NOT WORK HARD TRYING TO LEARN TRADING.
    DO NOT SEARCH ANYTHING ABOUT TRADING ONLINE
    DO NOT BACK TEST ANY TRADING IDEAS
    DO NOT PROGRAM ANYTHING ABOUT TRADING
    DO NOT SEEK TRADING ALGOS
    DO NOT JOURAL NOTHING ABOUT YOUR TRADING
    DO NOT CHECK YOUR STATS ABOUT TRADING
    DO NOT READ ANY ANY ANY BOOKS ABOUT TRADING.
    DO NOT ASK ANYONE FOR HELP ABOUT TRADING.
    DO NOT REVIEW YOUR TRADES AFTER 3:30PM
    FIND HOBBY OUTSIDE OF TRADING

    DO NOT SEARCH ANYTHING ABOUT TRADING ONLINE
    DO NOT BACK TEST ANY TRADING IDEAS
    DO NOT READ ANY WEBSITE MATERIAL ABOUT TRADING
    DO NOT THINK ABOUT TRADING PAST 3:30PM
    DO NOT BUY ANY TRADING COURSES ABOUT DAY TRADING
    DO NOT SEARCH FOR A TRADING EDGE
    DO NOT THINK ABOUT A STUPID ASS TRADING EDGE
    DO NOT HAVE TRADING RULES
    DO NOT USE RISK MANAGMENT.
    DO NOT WORK HARD IN TRADING. DO NOT WORK HARD IN TRADING.


    At 3:00pm when the ES Market close, listen to songs everyday



     
    Last edited: May 24, 2025
    #82     May 24, 2025
    sridhga likes this.
  3. Hello LionsWarthogsMillions,

    I already helped @sridhga and @Sekiyo
    https://www.elitetrader.com/et/threads/why-do-most-day-traders-fail.384678/page-9#post-6136144
     
    Last edited: May 24, 2025
    #83     May 24, 2025
  4. #84     May 24, 2025
    taowave and SimpleMeLike like this.
  5. Hello LionsWarthogsMillions,

    I do not know what logic, depth, quality, substance mean and most importantly I DO NOT want to know what that means. Sounds like ALOT of hard work, and I HATE working hard.

    What I post to @sridhga is what made me an ES Futures Trading Master.
     
    #85     May 24, 2025
  6. Click click clicky clicky....That's all it takes to become a Trading success, ES Master....Well, I hope to read about you one day on a news website saying you made a glorious amount of money from the market,
     
    #86     May 24, 2025
    SimpleMeLike likes this.
  7. Hello LionsWarthogsMillions,

    Have read any news website, books, Youtube content about any current ES Futures Master Millionaire trader in your entire life?
     
    #87     May 24, 2025
  8. Well, no I haven't, actually. But you could be the First, if you make a splash for yourself making a lake of money trading the ES Master Trader Millionaire Program:confused:

    One Day....People might be talking about SimpleMeLike in the same sentence paragraph as Jesse Livermore, Richard Dennis, Dan Zanger, Japanese traders CIS and BNF,:confused:
     
    Last edited: May 24, 2025
    #88     May 24, 2025
  9. Sekiyo

    Sekiyo

    #89     May 24, 2025
    spy and SimpleMeLike like this.
  10. nitrene

    nitrene

    This is very true in my experience. I believe in the Genetics theory of life. You can learn to paint better but you can't become van Gogh.

    I was a Chemistry major in college and I used to tutor other students in Organic Chemistry (I got 3 A+ in three classes I took). It is very hard to tutor people who aren't good at understanding chemistry mechanisms. You have to think like them & if you a natural at it, it is difficult. I did have some success in tutoring other students but it is their thinking process you have to change. That is a slow process.

    [I once got the highest grade on the finals for Chemistry 120B Organic Chemistry without even studying for it. I had a 113 points (out of 130) on a midterm where the average was 17.]
     
    #90     May 24, 2025