Day Trading for a Living? - page 12.

Wilhelm

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Quote from: pooya87 on September 15, 2019, 10:43:59 PM

just because some research says a big percentage of those who are doing day trading are losing money it doesn't mean it is like that if you start doing it! basically if anybody starts trading in any form correctly without greed and being over emotional, the results will be positive for them. the problem is that most people doing day-trading are not "trading" they are instead "gambling" and the result for gamblers is never good no matter what they do. that is something these studies never look into.

That’s the problem..... greed is why they want to do day trading..... trading on weekly charts is better for most...

pooya87

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just because some research says a big percentage of those who are doing day trading are losing money it doesn't mean it is like that if you start doing it! basically if anybody starts trading in any form correctly without greed and being over emotional, the results will be positive for them. the problem is that most people doing day-trading are not "trading" they are instead "gambling" and the result for gamblers is never good no matter what they do. that is something these studies never look into.

BitcoinHunt3r

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Leading Crypto Sports Betting & Casino Platform

I never can do day trading. Because sometime i lose and only a few times get profit. Maybe i will trade like usually traders did. Like it is ok to hold until get profit although not aim daily profit. Actually to manage my mental is really hard. But will be harder if i aim and make target daily and push it. Maybe it is right when people said that each person have their own strategy in trading.

figmentofmyass

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Quote from: Wilhelm on September 15, 2019, 11:02:29 AM

Want to make money sell TA Wink

in a gold rush, sell shovels! Tongue

paid TA/signal groups are seriously a money printing machine. i considered running one 2 years ago but decided against it. it would just feel too grimy because even if you're on the up and up, most subscribers won't get nearly the value they are paying. and that's simply because most people aren't cut out for trading---both emotionally and in terms of analytical/probability skills.

romero121

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Day trading for a living is possible with users who holds good sum of funds in the wallet. Even if loss is experienced it should not affect his living. It is always a good choice to go into day trading once you've got the savings to meet all your lifetime needs. Very few get lucky to earn out of trading with very small investments. What we see in terms of percentage is based on statical data. When there is more than 90%?people experiencing loss how to choose it an option as an earning source for living.

target

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You will have to monitor the charts every time for this but certainly doable since a lot claimed to be good at it. You can make money out of it with leverage so with just a few cents of price dips and spikes, you can live and spend a hundred dollars a day without financial problems in the future. This has been done by few Forex traders who now lives in some other countries relying to their trading skills.

LimLims

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Quote from: Febo on September 15, 2019, 09:56:06 AM

Is day trading for a living your dream job? Get another one – study says 97% of day traders lose money.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101

Only 0.4% earned more than a bank teller.

You can thank me latter.

Yeah agree with you.
Many of the traders make losses when they think to earn more with less fraction of time.
And those who are making huge money with it, they already have a huge amount of bankroll.
For them losses will be very small and they can easily recover from it.
Nevertheless let's wish all the best for all thr traders.
May the fortune be with them.

Wilhelm

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It is true that most lose. An exchange told me it was more like 89%. But then again winning some and making a living is a big difference...
The thing is that it is a probability game that goes against your gut instinct.
Want to make money sell TA Wink

Febo

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Is day trading for a living your dream job? Get another one – study says 97% of day traders lose money.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101

Only 0.4% earned more than a bank teller.

You can thank me latter.

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