You will lose more in the stock market than in a casino

Discussion in 'Trading' started by derektrader, Oct 7, 2020.

  1. Turveyd

    Turveyd

    Maybe right, should of just spent my money on hookers and given up many years ago, but where is the fun in that, ohhh yeah hookers, damn it!!

    Roulette / Casino's don't allow winners other than the odd blip, so unless you have a huge win pretty soon, you've got no chance.
     
    #31     Oct 7, 2020
  2. Overnight

    Overnight

    Dr. Dean Handey? AHAHAHHA! The guy is a fraud. Ask him to show you his losing days, like he asks every site he reviews. He's the anti-reviewer/charlatan.
     
    #32     Oct 7, 2020
  3. Dazz

    Dazz

    not true; the video is of TTP and I am in TTP room every day with 200+ other traders and those bots blow the doors off of profitability; I do not see you there and since you are ignorant of TTP, you will not have an opinion. And while you are at it Overnight, why not point out your publications and videos that help traders? Maybe post your losing days to enlighten us?
     
    #33     Oct 7, 2020
  4. Trader Curt

    Trader Curt

    I think just having the name "Day trader" is a curse. The markets aren't bullish every day. It's easy to make a winning trade as a daytrader when the market is bullish, what do you do when the markets are bearish? A lot of them trade stocks they know nothing about. Why would you put your hard earned money into something that has the potential to drop like a sack of rocks? But this is their strategy of "How to make money"

    So stupid...
     
    #34     Oct 7, 2020
  5. Overnight

    Overnight


    They are all in my journal, listed here in the journal section. Dr. Dean Handey is just as selective as Dr. Emmett Moore. Biased BS.
     
    #35     Oct 7, 2020
  6. Dazz

    Dazz

    the bots I trade make huge profits on Mon, pretty good on Wed and Fri, not so good on Tues and disastrous on Thur - over the last 30 weeks. So Tues and Thru is soh.
     
    #36     Oct 7, 2020
    Trader Curt likes this.
  7. Dazz

    Dazz

    post your journal, post your publications, post your videos Overnight - go ahead - waiting. I suspect when you are dragged out into the light of day there will be Overnothing.
     
    Last edited: Oct 7, 2020
    #37     Oct 7, 2020
  8. MrRenev

    MrRenev

    Very well thought argumentation with in particular alot of facts and definitely no emotions. How many years of your life did you waste chasing a mirage?


    No man this is a moralization thread. If that much of the competition are dumb enough to be day gamblers it means it's really not that hard to make money, only requires outsmarting donkeys. Plus it's always fun to laugh at the brokers milk cows.


    And here we have it :rolleyes:

    Your great success example is Dean Handley. This guy's trading room guy was charged by the CFTC for fraud (and the whole business with it).

    "The CFTC’s complaint alleges that, as a result of the fraudulent solicitation scheme, the defendants received approximately $1.3 million in subscription fees from more than 300 members located in the United States and other countries."

    "Falsely claiming that Jousef’s “live” trades were profitable when in fact Jousef never executed any live trades in the “live trading room,” much less profitable ones;"

    Jousef is (allegedly) his partner in crime.

    https://www.cftc.gov/PressRoom/PressReleases/8006-19


    Roulette has more odd blips than day trading. That tells alot. And also data has shown that there was no learning with day trading: day traders are not more successful with more experience, actually they do worse as time goes by. The results of studies clearly show it is gambling but with worse odds.

    Of course what we call day traders are not market makers (duh) or stat arb quants, they make money.


    Yes, he is so selective, the day gambling "guides" he selects get charged with fraud and the CFTC claims they never took one of their troll trades let alone made a profit.

    Some retail day traders make money: the penny stock pump and dump scams. Buy then send signal to victims, then sell to them. In Forex there is no pump and dump like this, therefore not a single retail day trader makes money other than the odd blip of luck (normal distribution) and luck always runs out.
     
    #38     Oct 7, 2020
  9. Overnight

    Overnight

    *sighs* Do you not read, man? Re-read what I typed?

    They are all in my journal, listed here in the journal section.

     
    #39     Oct 7, 2020
  10. Overnight

    Overnight

    Did the bright colourful colours help bring your attention to what I typed, @Dazz ?
     
    #40     Oct 7, 2020