Rom wrote:If I said something completely wrong ask them to explain what is completely wrong about what I said.
Where did I accuse you of saying anything completely wrong?
The comments you made are obviously based on your own experiences & beliefs.
Just because one or more people believe something can't be achieved, doesn’t mean it can't.
Rom wrote:Remember, 95% of traders loose.
95% of which type of trader?
new entrants?…intermediates?…retail?….institutional turned retail?….system traders?….discretionary traders?….traders who follow a well tested, disciplined structure?….
where’s the evidence of this 95% figure that relates to the sub-structures of the above groups?
Rom wrote:Remember swingtrading strategies has most of the winners.
Where's the evidence to support the comment that swing traders experience greater & more consistent profitability than day traders?
Our experience (when manning the desks at NewEdge) says otherwise.
Rom wrote:What we are left with is a couple of percents that are making money on daytrading.
How do you know what percentage are regularly returning consistent profits via daytrading strategies & models?….
I’ll give you an example of why & how that comment falls flat on it's face:
I work in an office with 17 other traders, 13 of which have never posted on any public trading forum at all, yet they all possess models/strategies that at some point during a typical trading month directly involves day trading.
They've all been here for a minimum of 4 years (8 of them in excess of 9 years) & all are extremely high achievers.
How would you include them in that 2% club if you didn't know anything about their regular trading activity??
And how would you determine the percentage ratio from all the other hundreds of intermediate & experienced traders who don't contribute to public boards or trade via retail accounts?
Rom wrote:Remember, brokers make most of their money on casino style traders.
Most brokers make their money via the difference in the spread costs they receive & pass on to their customer base & from their proprietary desk activities.
Inexperienced, ill-disciplined & clueless individuals who think they know what they’re doing also add to the brokers profit line, but that’s been the case for years & will continue to be going forward.
They’re not traders, they’re gamblers with no clue or no hope of ever making money betting on financial markets.
Rom wrote:Remember, casino style traders love simple systems, they hate homework.
Who says day traders don’t do their homework?….you’re generalizing again. where’s your evidence that professional day traders don’t research & analyze their structure?
Rom wrote:Real stuff does not sell very well
What's real stuff??