top hollywood actor..there's maybe a few dozen max im pretty positive there are more than a few dozen profitable traders thats common sense yes 90% of people who try and trade fail BUT 99.9% of people trying to be a top actor fail and this is a fact,so how can you say something so fuckin stupid
There are hundreds of very talented people who never "make it" through no fault of their own; conversely many less-than-talented people become pop stars due to something they may not have had much control over, like their good looks or sex appeal. Conversely anyone can become a good trader if they're willing to learn. So I think you're wrong. If it's your thesis that there are no traders who stay profitable long-term, you should have stated that outright.
sorry I dont buy your bullcrap. 10 years futures day trader? Think about it, even if you traded over the past 10 years as day trader you probably hardly broke even (and why are you here anyway, you must be way too busy to watch your 6-10 screens 8-10 hours straight, everyday), in addition you must have turned into a complete wreck by now, stressed to the limit whether your positions move a point or not. Whatever you made or lost, I do not envy you the least little bit. I position trade and my life is busy enough with all the work that goes into that, but daytrading for 10 years, give me a break. You sound like as if you have reached an accomplished milestone, lol. Can I prove you are just trying to stay afloat and talk your ass? No, but can you send us your audited statements? Otherwise I suggest we both shut up (if you did not post such bs there is no need to call you out). In my over 15 years in finance and 10 years in professional bank trading environment have I not seen a single successful day trader, I heard/read of a handful(literally handful) but sorry, I dont think you are one of the those very rare breed. And please do not put me into the same camp than that OP, I dont agree with him, but at the same time I dont think you sound any smarter than him. Successful traders do not need to brag or inform about their success, they simply put in the work, period. I am just tired of this bs here, not because I love to flame, no, but because I think newbies are given such wrong impression and horrible guidance by morons like you!!!
yeah, so whats the point? Because a prick like you comes out on the net and tells people it can be done then that makes you the authority? This is a place of free speech, so also afford the freedom to others to challenge you on your ridiculous statements on which you provide zero proof. You sound like someone who never worked in a professional environment, its quite a dare to call others out of thin air "idiot losers".
nor should they be given the impression that all who claim "I am a winning day trader" are speaking the truth. 99% of all the publicized traders who have made a lot of money are swing or position traders, not day traders. I think this should help to keep things in perspective.
Well I made money as a trader and I'm a Techno Star making money when on tour and from sales of my music. So, I guess I'm the lucky one huh? Well actually, I'm not a Pop Star...so that skews the whole argument (www.sonIQuarium.com) I call bullshit. I know a lot of profitable and successful traders far more than I know successful Pop Stars and I recently had the pleasure to Meet the GAGA herself. I am now in the Private Equity World, I do make far more money now but I was profitable as a trader when I traded. So, I think is more likely one to become a Profitable Trader than a Pop Star any day. Question is, do you become the "RUSSIAN" (for those of you who understand) or do you become Vic Neiderhoffer......or do you just eak out 100k a year, which is more than what most americans make in this country ....My money is on more successful traders than POPSTARS.
an amount that covers your necessities (including family care, education...), plus your discretionary spending, plus some long-term investments, plus which overcomes in value the daily grind to stare into the tube for hours at a time, plus overcomes being alone at work...feel free to add more. If you still think your personal day trading efforts are worth it then you are successful in your own definition. What do you care what others think, look at that other dude, he day traded 10 years plus, apparently he still did not make enough to let go, despite the much more stressful and hectic life style. Something he must be getting out of it other than money ;-) I dont see it, but as long as he does that works for him.
What do you consider to be short-term? Because by my definition, I know quite a few people that fall into that category and are consistently profitable.
First of all, trading successfully for 10 years is quite an accomplishment, no matter the timeframe. I don't know tomdavis, but I am a prop trader, and I don't know ANYONE with 6 screens or anyone who stares at their screen for 8+ hours/day...except for people that work in various industries in corporate America. I have been a full-time daytrader for almost 4 years (first & only job since graduating college) and I've begun momentum trading in my long-term account. Catching momentum moves for multiple points over a period of days makes for a better lifestyle, more liquidity, bigger positions, and more $$$$$. But don't think for a second that daytrading isn't highly lucrative. You can think it isn't, but do realize that that thought is entirely for your own ignorant benefit. I know literally about 100 profitable daytraders. For every 1 of those 100, I've probably seen at least 4 or 5 people fail without ever making a dime --- which is not all that surprising since most people don't have the constitution to trade ANY timeframe profitably. If you know any good traders, than you're probably familiar with the fact that trading is rarely stressful. The only time a trader becomes stressed is if they hold a loser too long or they just don't know what the hell they're doing. If position trading takes up so much of your time, I'm guessing your procedures aren't streamlined. How, with confidence, can you double speak so easily? First you ask the guy to send you audited statements, and then a few lines later you say, "Successful traders do not need to brag or inform about their success, they simply put in the work, period." Really. You worked at a bank. Why would you know successful daytraders? I imagine that you may view us (our rumored existence that is) with condescension. The thing is, we don't really care. We live by our own rules. I wear jeans and sneakers to the office everyday. If I don't want to trade for a day, a week, a month, I can do that any time I want. I can trade from anywhere in the world that I want to trade from. Again, you worked at a bank -- in what capacity is anyone's guess. Either way I'm not here to demean your career choices. I really couldn't care less about crgarcia's opinion b/c his reputation of disgust for successful traders precedes him, so I regard his drivel as simple entertainment. But people like you that are so adamant about a lifestyle/career you clearly know absolutely nothing about I find to be....well...right at home here at ET. No. I'm not sending any statements to be validated. Why not you ask? Well as you said, "Successful traders do not need to brag or inform about their success, they simply put in the work, period." Night.