The brutal truth of day trading | Page 134 | Forex Factory

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The brutal truth of day trading

  • #2,661
  • Jul 31, 2021 3:46am Jul 31, 2021 3:46am
Quoting gepards
{quote} it might be true because you trade a demo account?
The correct wording would be "demo accounts", so plural.

But in all fairness, I have never ever read anyone saying or even implying that Aussi sells or intends to sell anything.

While about you I am not so sure...
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #2,662
  • Jul 31, 2021 3:59am Jul 31, 2021 3:59am
awesome room livetrader vs demo idiots
i love the smart demo traders ,let everyone post a live trade and then discuss it
  • #2,663
  • Jul 31, 2021 4:09am Jul 31, 2021 4:09am
Quoting kette
awesome room livetrader vs demo idiots i love the smart demo traders ,let everyone post a live trade and then discuss it

There's nothing wrong with Demo accounts folks,
In fact,
I recommend that for at least 12 months in using these demo account before trading a live account,
so learn to trade, it can be and is very rewarding,

This is the very first step in becoming a real trader, IMHO

Brian Dingman-two
  • #2,664
  • Jul 31, 2021 4:15am Jul 31, 2021 4:15am
Quoting Dingoman-two
{quote} There's nothing wrong with Demo accounts folks, In fact, I recommend that for at least 12 months in using these demo account before trading a live account, so learn to trade, it can be and is very rewarding, This is the very first step in becoming a real trader, IMHO Brian Dingman-two

Tout est correct, il y a un monde de différence entre un compte démo et un compte réel.
  • #2,665
  • Jul 31, 2021 4:29am Jul 31, 2021 4:29am
Quoting kette
{quote} Tout est correct, il y a un monde de différence entre un compte démo et un compte réel.
manga a mi amigo
  • #2,666
  • Jul 31, 2021 4:31am Jul 31, 2021 4:31am
Quoting Dingoman-two
{quote} manga a mi amigo
  • #2,667
  • Jul 31, 2021 4:39am Jul 31, 2021 4:39am
some satire
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  • #2,668
  • Jul 31, 2021 4:43am Jul 31, 2021 4:43am
Quoting kette
some satire {image} {image}
"A day in the life of Brian"
LOOK CLOSELY THINGS ARE NOT THE WAY THEY SEEM
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  • #2,669
  • Edited 9:16am Jul 31, 2021 4:51am | Edited 9:16am
Quoting Dingoman-two
I recommend that for at least 12 months in using these demo account before trading a live account
I recommend you to study photoshop. Then you can have 350 lot size positions on gold or claim 5-6% daily profit as well. Then you can sell some PDFs with holy grail strategies to newbies. It is much better than real trading. No risk and high gains. The only one problem here - it is scam.
Observer effect
  • #2,670
  • Jul 31, 2021 5:55am Jul 31, 2021 5:55am
I want to share something I found funny for 2 reasons -

1 - It's SO basic and yet SO accurate and true and it's hilarious BECAUSE it's so basic yet so relevant
2 - It's something hilarious you can put in front of any 'would-be' or wannabe trader or troll .............

If you can do the following exercises AND follow them, then you have a chance at learning how to trade properly .......


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Why?

Hehehehehe, because it's so sensible that it keeps the trader honest. Up is up. Down is down. Left to right. Tilt head left and tilt head right. Hihihihihihehehehehehe


Peter
Real Trading is not gambling.
  • #2,671
  • Jul 31, 2021 6:04am Jul 31, 2021 6:04am
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Oh, I laughed so hard I think I may have just peed a little !!

I'm sorry, I think it's so funny.


Peter
Real Trading is not gambling.
  • #2,672
  • Jul 31, 2021 6:14am Jul 31, 2021 6:14am
Hehehehehe ..... Here's my dedication to all those trolls and "I know betters"

Here's another way to look at it .....


Going UP !!!


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Aaaaaaand ...... going down ....


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..... And always to the left on the chart. AND within a closed system of observation and evaluation AND within a controlled environment AND on a self propelled self gyrating momentum move.

Hehehehe, aaaaah some people ...... I dunno !!!


Enjoy


Peter
Real Trading is not gambling.
  • #2,673
  • Jul 31, 2021 6:15am Jul 31, 2021 6:15am
You talkin' to ME??!!!

Yeah I have a sense of humor ........ I'm OLD not DEAD !!!!!!
Real Trading is not gambling.
  • #2,674
  • Jul 31, 2021 8:04am Jul 31, 2021 8:04am
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  • #2,675
  • Jul 31, 2021 8:12am Jul 31, 2021 8:12am
Quoting ryuryu
{quote} I recommend you to study photoshop. Then you can have 350 lot size positions on gold or clain 5-6% daily profit as well. Then you can sell some PDFs with holy grail strategies to newbies. It is much better than real trading. No risk and high gains. The only one problem here - it is scam.

This is coming from someone who would not know a pin bar from a teacup,
No more time-wasting with you sport
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  • #2,676
  • Jul 31, 2021 8:16am Jul 31, 2021 8:16am
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  • #2,677
  • Jul 31, 2021 9:14am Jul 31, 2021 9:14am
Quoting Dingoman-two
{quote} A real trader can call the direction of his or her trade, as well as picking their limits, I see you have the bullshit computer's doing it for you, What are you too stupid to use your brain or what, "IT APPEARS IT COULD BE SO"???? {image}
Need some brains to code automated systems which are profitable.
  • #2,678
  • Jul 31, 2021 9:18am Jul 31, 2021 9:18am
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  • #2,679
  • Jul 31, 2021 11:01am Jul 31, 2021 11:01am
Quoting joyny
{quote} Need some brains to code automated systems which are profitable.
Not sure where this discussion of brutal truth of day trading has gone to now. Just I believe both algo and manual trading (day trading or not) can be profitable when done right.

Some say trading is like business. You can use algo with rigid calculations to compile your market research data into meaningful forecast and pick the right niche market to reap profit. However, on the other hand, sales skills are also a path to successful business by negotiating good deals with the customers. Sales skills are much more complicated and flexible, and need adjustment of strategy for each customer. So far the current AI and computer technology cannot fully reproduce what a sales can do.

I believe market is chaotic but not random (these two words have very different meanings to unpredictability). So a trader can use algo trading to take maximum advantage of the non-randomness or discretionary, manual trading to reduce loss due to the chaotic nature of the market by human interpretation level that current algo cannot surpass (like differentiating a cup-and-handle from a simple 3-leg swing, try code an EA that can do that)

But the main topic of this thread is about day trading. I mostly day trade and occasionally swing trade and I don’t see a difference, so far.
  • #2,680
  • Jul 31, 2021 11:52am Jul 31, 2021 11:52am
Quoting Dingoman-two
{quote} A real trader can call the direction of his or her trade, as well as picking their limits, I see you have the bullshit computer's doing it for you, What are you too stupid to use your brain or what, "IT APPEARS IT COULD BE SO"???? {image}
why do manual if that can be automated? I have now more than 100 automated systems working simultaneously on n accounts. I am like a bank that employs 100 traders. Each EA I develop/setup can be treated as 1 trader. In that way, I diversify risks. But manual trader is only 1 entity and no risks diversification possible.

Every EA I made has a solid history and I can calculate risks. I have time to develop new EAs while everything works automatically - so I leverage my time what is my most valuable asset.

"Rich people sell results, poor people sell their time". By trading automatic I "sell results" (did some work for the development of strategy, then replicate that in automatic mode and no more time investment needed to get results). With manual trading you exploit some strategy and spending your time to do that... so you invest time to earn some money. If you stop investing your time - you earn nothing. So manual traders sell their time - not an effective approach.
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