i didn't think many people here like any of those things. naturally. i am with chomsky, i'm here to strengthen the state and overpower corporations. i have strong links to the top of the british government, the corporations and the royal establishment. basically i am the worst nightmare of capitalists!!! and i love it. imagine. and i can day trade. what a combo. corbyn's definitely going to do that transaction tax. so the day traders WILL need to learn other ways to make money!!
the same skills i now use for trading i used to help create corbyn. without a doubt i am one of the kingmakers who started this revolution. SAME skills i use now for trading. lesson in brain-usage - it's a vital skill and can do far more for you than create trading profits. they used to mock me and my ideals, the capitalists i knew and everyone else. today i am laughing at them. i created corbyn, and look at the headless chickens run from him and try desperately to fight him off. that, dear day traders, is what a woman or man WITH A BRAIN can do. yep. making corbyn was far more of an achievement than any 'profits' made by my opponents i once watched a 'pringle' shave billions off the markets - it was a pringle corbyn ate and it signified such a damning indictment on the establishment that because of it markets tumbled yes, a mere pringle can take out this precious market too many here are slaves of!! be free!! your mind (and soul), not your wallet, is where your wealth is kept.
Whoa, buckeroo! Sounds like you might have read a book on trading at some point... then you come storming onto ET, pontificating this and that... telling us all "how it is". Calling me "naive"? That's like calling Chuck Norris a sissy. Had enough of your bilge already. ON IGNORE!!
Market wizards are DEFINITELY not day traders. But day trading is one of the simpliest way to reach financial freedom. You don't need to have Phd or a degree in whatever. You don't need to know complex things like Navier Stokes Equation, Euler's equation, The Callan Symanzik equation. Just need to know simple thing like + and -. You don't even need to know how to * or / ! You don't need hundreds of thousands of dollars to start with. You don't need to understand complex politics, complex economics. Just need common sense. ________
I just hope no new traders still on demo read this, because 100% of them will think when you say simple you mean easy. And 90% of that lot will fail.
Market wizards are not day traders. But day trading is the fastest way to reach financial freedom. At least if you are one of the rare that succeed.
3 daytraders: A makes 10% a year B makes 10% a month C makes 10% a week For A daytrading is simple For B daytrading is not so simple For C daytrading is not simple at all. So stating that daytrading is simple is at the same time right and wrong. Everything in life is simple if you put your expectations low enough. But with raising the expectations the complexity grows exponentially. The same applies for "easy".
i have been a trader since 2013, laddie boy. before that i was a network programmer building viral websites. chuck norris is an idiot and a weakling. anyone who imagines strength and might are the same thing is an idiot. how many of the best traders here would agree with your implication that only a big treasury can make a profit, that traders without huge money in their account can't succeed. that's false. and the big treasury that's might - you believe might is the answer, that's why you're angry at my words - because i advocate using brains not brawn. day trading is brawn, pure and simple. anyone here who is good at it knows that. be honest. it is brawn. anyway, ignore all you like. i'm still here on the market, i'm still here in the media, i'm still here in the background of the corridors of power. ignoring my arguments also will do no good for you - the number of (rich, successful) traders suffering intense gut problems and other related ailments as they grow older continues to rise. the number of traders i have met who are clinically obese isn't going to drop because you ignore my valid arguments and as for implying that somehow my presence on this forum is - i dunno - antagonistic or whatever - the fact is that this thread is about why, allegedly, many market wizards are not day traders, it's not about why 'day trading is the dream beautiful truth, no matter what anyone says about it' - forgive me for having a different opinion to yours. if you ignore those with different opinions to you HOW COME YOU MAKE ANY MONEY? trading comes down to objectivity and intelligence. but i forgot, you're ignoring me - you can't take the stress of being a day trader AND of listening to me rant. the combo is too much for you. because day trading makes people stressed inside. deep inside. look up, anyone here who takes me seriously enough to wonder, the stats on the composition of the content of the gut of most westerners today - traders or not - we are all living awful lives. then do proper research into the influence of stress on that biological weakness of ours - and you'll understand what i'm saying but anyway. i've made the point i was making, and very clearly, and if anyone here can gain from it they will. i'll tell you how i day trade, though, i mean what's the harm telling it here?... i'd for example take the eur/usd cross and stick it on the hourly chart; then i'd do something as simple as placing a trade in line with the direction of the previous hour, say starting at 10am each day and going on until 5pm - at the start of each hour i'd place that trade with a 10 pip stop. then at the end of the hour if it had moved over 6 pips the right way i'd lock in 2 pips. then at the next hour's end i'd lock in the price minus 10 pips, each time. and let it rise. if the trade lost in an hour i'd open a new trade in whatever direction the overall hour took. in this way i'd collect on numerous wins where the price trended hugely for a bunch of hours. that's what i'd do to day trade and from my experience so far it would work beautifully. only every single hour i'd be checking to see if i had to lock in more profits and open trades. a lot of the time the 2 pips would be all you take and you'd open another one. that's the most frustrating part of it - and if you don't do it you would, with such a method, not win. it's things like that. the irritation of having to just keep opening trades rather than allow loss to build up. it's pretty 'simple' in a way, and very very difficult to do. and i can do it. but my body can't. anyway, out of you and me, that-guy, one of us's daily efforts make us incapable of handling more than the stress already on our plate; the other one is me; the way i do it apparently means i don't mind talking to you about these matters (and looking to see what else i can learn, eg from you), the other gets annoyed all too easily!! it is the cool calm trader who gets the fat loot, (edward bernays or reinhold niebuhr, or something, vaguely paraphrased)
You probably did not realize but with this statement you loose all credibility all together. You never traded or lost big.