Do you think this is the truth about day trading?

Discussion in 'Trading' started by Ates, Dec 9, 2020.

Do you think this is true?

  1. Yes

    59.3%
  2. No

    33.3%
  3. Not sure

    7.4%
  1. speedo

    speedo

    Evidently you do.
     
    #21     Dec 9, 2020
  2. TimMykes

    TimMykes

    not sure why im not a billionaire trading against the millions or turkeys out there

    was in a room on youtube where the mod bought AI on the way up at 104 , it hit 109 and halted

    I told them would be back under 100 in seconds on the reopen

    BOOM right back down <100

    when i actually see traders do their thing in realtime, its almost always an amateur show
     
    #22     Dec 9, 2020
  3. TimMykes

    TimMykes

    no mr 6000 useless posts, i meant i dont read the article.
     
    #23     Dec 9, 2020
  4. TimMykes

    TimMykes

    upload_2020-12-9_12-12-7.png

    that turkey bought 104 , and prob didnt sell on the pop

    98 now
     
    #24     Dec 9, 2020
    Math_Wiz likes this.
  5. TimMykes

    TimMykes

    DASH , lol this will be fun
     
    #25     Dec 9, 2020
  6. blink18

    blink18

    Survivorship bias.
     
    #26     Dec 9, 2020
  7. speedo

    speedo

    You read my 6000 posts over 17 years, I'm flattered,
     
    #27     Dec 9, 2020
    comagnum and bone like this.
  8. vanzandt

    vanzandt

    I know why I'm not:

    [​IMG]

    I've gotten better though.:rolleyes:
     
    #28     Dec 9, 2020
  9. newwurldmn

    newwurldmn

    i disagree.

    Other professions have a high certainty of success. That is if you do the right things the right way, you have a 95%+ chance you will be at least moderately successful.

    Trading has a very high degree of randomness. That is if you do the right things the right way, you only improve your chance of being successful modestly (if you are lucky to over 50%)

    Also, Investing is very different from trading. Its probably as difficult to beat the market on a risk adjusted basis as it is for a trading account to beat the risk free rate; however, its much easier for an investor to earn a positive return compared to a trader because investments pay dividends and the economy is always improving.
     
    #29     Dec 9, 2020
    Poljot, Nobert, canoe and 1 other person like this.
  10. speedo

    speedo

    Yes but most of those other professions have significant barriers to entry along the way, formal education, grades, degrees, certifications, licenses etc. With trading, slam some dinero into an account and instant "trader". Will "success" be random for the unprepared?...Damn straight!
     
    Last edited: Dec 9, 2020
    #30     Dec 9, 2020