Proof that Day Trading is profitable?

This is a discussion on Proof that Day Trading is profitable? within the General Trading Chat forums, part of the Reception category; Possibly because the object of the thread proves nothing. Whether it is day trading or otherwise there will be consistent ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jul 17, 2009, 7:14pm   #16
rwb
Joined Jan 2005
proves nothing

Possibly because the object of the thread proves nothing.

Whether it is day trading or otherwise there will be consistent losers and consistent winners, that is the nature of the beast.

If the object is to set the day traders against the rest in terms of comparative success or failure it has already been done to death. Either could be right and neither could be wrong!

Better that we all get on with trading whatever style and those that succeed will hopefully continue to help those that don't.

Quote:
Originally Posted by Neoripley View Post
Not trying to bump the thread but looks like it's had quite a lot of views but very few replies. Would appreciate any opinion, even if you just type "It's ****e", that's ok. (Feeling a bit like a cheap whore whose putting out but can't score You won't catch anything, 'promise). I actually don't know anyone else who does this professionally so an objective opinion from any other participants would be appreciated. Otherwise this thread can die, I guess.
p.s. thanks to the posters who replied
rwb is offline   Reply With Quote
Old Jul 20, 2009, 2:48pm   #17
 
melanie911's Avatar
Joined Jun 2009
Quote:
Originally Posted by Neoripley View Post
Yeah, very interesting and Ouch! Why did they let that lot go on for so long? Even before the end of the first page they should have realised something was wrong and called a halt to their operation to take a closer look at what they were doing. Just my view.
brokers gain commissions. they never tell you you're are a looser and have to stop trading 'cause the more you trade the more they gain
__________________
"...do not trust the future..."
melanie911 is offline   Reply With Quote
Old Jul 26, 2009, 10:32pm   #18
Joined Jul 2009
ofc people win in trading,its a zero sum game,if 90% lose where do you think the rest of the money goes?
To winners.
Garbanzo is offline   Reply With Quote
Old Jul 26, 2009, 10:33pm   #19
Joined Jul 2009
Quote:
Originally Posted by melanie911 View Post
brokers gain commissions. they never tell you you're are a looser and have to stop trading 'cause the more you trade the more they gain
Not really,all genuine brokers want you to succeed a =t what you are doing.
The more money you make,the bigger your trades,the bigger their commissions.
Besides,its much cheaper than acquiring new customers.
Garbanzo is offline   Reply With Quote
Old Jul 26, 2009, 10:49pm   #20
 
MakkaPakka's Avatar
Joined Jan 2009
Quote:
Originally Posted by Garbanzo View Post
ofc people win in trading,its a zero sum game,if 90% lose where do you think the rest of the money goes?
To winners.
Its a negative sum game. Money is deducted from both winners and losers to pay for the upkeep of market infrastructure and to pay rents to the owners of same. Marginal winners can become losers because of this vig.

cheers,

MP
MakkaPakka is offline   Reply With Quote
Thanks! The following members like this post: trader_dante
Old Jul 28, 2009, 12:30am   #21
Joined Jul 2009
Quote:
Originally Posted by MakkaPakka View Post
Its a negative sum game. Money is deducted from both winners and losers to pay for the upkeep of market infrastructure and to pay rents to the owners of same. Marginal winners can become losers because of this vig.

cheers,

MP
Yes,indeed its a negative sum game but the fact that there are long term track records spanning decades of people beating the market refutes the notion that its impossible to make money in this "game".
Garbanzo is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Day trading is definitely more profitable and safer than Swing / Position trading victor123 Swing & Position Trading 75 Mar 16, 2008 6:47pm
Proof of consistently profitable day trading in the Foreign Exchange market!! TrenchantFX Forex 42 Jan 15, 2008 11:11am
Article: How to Develop a Profitable Day Trading Strategy T2W Bot Educational Resources 0 Jan 2, 2008 12:40pm
e book "Guide to Profitable Forex Day Trading" commanderco Educational Resources 1 Sep 6, 2006 7:49am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)