Very Quick Question

Racer

Senior member
2,666 30
I don't trade for a hobby and I trade long term and I do mind losing over time!
I swing trade... e.g. 400 points on the Dow or 10 to 20%+ on a share
 

Racer

Senior member
2,666 30
Incidentally, I have daytraded, several years ago now, when the vol and momentum was there, but it is too stressful an occupation for little reward.
 

stevet

Established member
917 5
racer

as long as you can tuck away 6 figures each year - and can keep this up - year in year out from trading the way you describe - you are onto a winner - i tend to be a bit negative on this point as i have personally never met anyone capable of this - and most professionals who intraday trade always get burnt on longer term holdings ( they'd love to not have to work all day long) - so well done - and all power to you!
 

Racer

Senior member
2,666 30
But isn't it true that most traders (around 95%), either day or longer term, lose money. So it isn't really a question of the type of trading.
 

stevet

Established member
917 5
Racer

all professionals trade intra-day - you might keep specific types of spread trades on for longer - but the bulk of profesional trading is intra-day

there are a lot of facts around like the 95% thing - but no one has ever come up with the basis for the fact!

i guess that 99.99% lose money spreadbetting - but i only know that from what spreadbetting companies say - dont know it for sure - so there's another unsupported fact for you

there are a lot of funds - mutual and pension - low risk funds - that are down 20/30/50% - but again - only what i am told - dont have the p&ls

but i do know for sure that there a lot of intra-day traders making 4, 5 6, figures a day
 
 
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