The brutal truth of day trading | Page 176 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The truth about trading 164 replies

Truth about trading 9 replies

Truth about online trading...Is this us also? 5 replies

Pulos Bill - The Truth About Fibonacci Trading (Attached) 4 replies

The Bonehead Trader..please be brutal!! 47 replies

Attachments: The brutal truth of day trading
Exit Attachments

The brutal truth of day trading

  • #3,501
  • Sep 3, 2021 10:24am Sep 3, 2021 10:24am
Quoting kette
{quote} YOU CAN FIND ALL MY TRADES HERE EACH ONE IS PERFECTLY CHOSEN Auction Market Theory and Market Profile
800 pages thread... you want me manually calculate your dd and profit factor etc?

"all trades" ... how do we know that "all"..?

bla bla bla.. you are not confident about your consistency therefore you cant show aggregated numbers for all your trading.
  • #3,502
  • Sep 3, 2021 10:28am Sep 3, 2021 10:28am
Quoting gepards
{quote} 800 pages thread... you want me manually calculate your dd and profit factor etc? "all trades" ... how do we know that "all"..? bla bla bla.. you are not confident about your consistency therefore you cant show aggregated numbers for all your trading.

I HAVE TO LAUGH
you are a dreamer

  • #3,503
  • Sep 3, 2021 10:34am Sep 3, 2021 10:34am
Quoting kette
{quote} I HAVE TO LAUGH you are a dreamer
here everybody can see brutal truth - people cant speak the truth. but the truth is simple - an account statement.
  • #3,504
  • Sep 3, 2021 10:38am Sep 3, 2021 10:38am
Quoting gepards
{quote} here everybody can see brutal truth - people cant speak the truth. but the truth is simple - an account statement.

jo
I can show you, only then you stop writing.
I don't want that.
We live in Germany, that's surveillance (STASI and KGB).
If that's what you're up to, you're absolutely sick, I have to write that, I'm sorry.
  • #3,505
  • Sep 3, 2021 10:39am Sep 3, 2021 10:39am
Quoting simnz
{quote} About you.
go to my profile and use the search box... type some keywords and will see something about me, what i think regarding various topics.
  • #3,506
  • Sep 3, 2021 10:46am Sep 3, 2021 10:46am
Quoting kette
{quote} jo I can show you, only then you stop writing. I don't want that. We live in Germany, that's surveillance (STASI and KGB). If that's what you're up to, you're absolutely sick, I have to write that, I'm sorry.
CIA, KGB.. now STASI.... common... then why you wrote anything here in FF? if so afraid... KGB can analyze all words you write... and paint a picture of your personality. Why expose anything then?

and you trade using Roboforex... an offshore company... not afraid when all your private data goes? all your millions of profits info...

survivor...
  • #3,507
  • Sep 3, 2021 12:18pm Sep 3, 2021 12:18pm
Quoting gepards
{quote} CIA, KGB.. now STASI.... common... then why you wrote anything here in FF? if so afraid... KGB can analyze all words you write... and paint a picture of your personality. Why expose anything then? and you trade using Roboforex... an offshore company... not afraid when all your private data goes? all your millions of profits info... survivor...

who shows his account statement here
honestly he has something on his head
you can write whatever you want you remain a dreamer
  • #3,508
  • Sep 3, 2021 7:51pm Sep 3, 2021 7:51pm
Quoting kette
who shows his account statement here honestly he has something on his head you can write whatever you want you remain a dreamer
FF rules do not require members to show the account statement to discuss and voice our opinion. Opinions with or without account statement does not make it more valid or credible. Every member has the right to have his opinion heard. Lets not change the rules.

Having said that, in specific cases where performance claims has been made then the account statement can provide validity to such claims.
Know what you trade
  • #3,509
  • Sep 3, 2021 11:06pm Sep 3, 2021 11:06pm
Quoting gepards
{quote} CIA, KGB.. now STASI.... common... then why you wrote anything here in FF? if so afraid... KGB can analyze all words you write... and paint a picture of your personality. Why expose anything then? and you trade using Roboforex... an offshore company... not afraid when all your private data goes? all your millions of profits info... survivor...
Quote
There was a man. God came to him in a dream and told: "Push that cliff". The man started to push the cliff. Every day. He tried very hard. And no results. After several years man cried on the God "Why nothing happens? It is not possible! You see the cliff is not moving at all!!!". And God replied "I didnt told you to move that cliff. I told you just push that cliff. I will move that cliff when needed. But look at your self now - how you learned discipline, how you trained your muscles. You now are a lot stronger person."

Dear gepards... that "cliff" wont move. But keep pushing.
  • #3,510
  • Sep 4, 2021 3:13am Sep 4, 2021 3:13am
Quoting kette
{quote} who shows his account statement here honestly he has something on his head you can write whatever you want you remain a dreamer
what a statement!!! "who shows his account statement here honestly he has something on his head"... wow!

fake "gurus" narrative... they convincing others that accounts stats is not needed and even not possible to show for various reasons. just keep following their advice blindly.

I challenged daytraders to show their stats. nothing.

here an explanation of fake "gurus":

when a potential employee comes to me and tells "I have 10 years experience in ..." wow. cool. right? nope... not in real-life business. in real life when you talk with a potential employee you ask what exactly he did/accomplished. What project did? What clients helped what exactly problems he is capable of solving and how. this is important and not "10 years experience"... 1-year of experience but capabilities to solve problems is more valuable. accomplished results are more important than "experience"... experience of what? post screenshots in FF of good trades and hide bad trades?

when fake "gurus" post screenshots with some winning trades... and they refuse to show some evidence of consistency... you know that color red means "attention" in most cases... warning of possible danger. So be very careful when reading anything such fake red-diamonded wrote.

newbies - read my posts. I wrote how to trade stocks. And you can see my results so far. Do not follow red diamonds - they know nothing about consistent profits. all they can do is throw at you some screenshots with good trades (and hide bad trades) - they make a false impression that they are "gurus". and at the end, they sell some indicator or courses.. in their private groups.

Honest red diamonds (who sell nothing) - if you cant show in TE anything consistent. here is advice - create a new profile and start from the beginning as a newbie. this is a good solution how to get rid of that "red diamond" problem. when you have "guru" status - you can't afford to ask stupid questions. But it is essential not to be afraid to ask any question when you want to learn something. So that red diamond is making bad for your growth. let aside your ego and re-start. only 1% will hear this advice.. be that 1%

proud to be a newbie!!
  • #3,511
  • Sep 4, 2021 3:24am Sep 4, 2021 3:24am
Quoting gepards
Honest red diamonds (who sell nothing) - if you cant show in TE anything consistent. here is advice - create a new profile and start from the beginning as a newbie. this is a good solution how to get rid of that "red diamond" problem. when you have "guru" status - you can't afford to ask stupid questions. But it is essential not to be afraid to ask any question when you want to learn something. So that red diamond is making bad for your growth. let aside your ego and re-start. only 1% will hear this advice.. be that 1% proud to be...
I was accused of creating a new profile - it was made an issue. Possible scammer sell pdf...

I was also accused of writing so much too soon on forum..... supposedly to earn my red diamond.

I think zero about that red diamond.

I judge the quality of a members post by the factual contents.

And yes I am the proud perennial newbie that start in this forex business today.
So, sorry I have no long term account statement to show you.
Know what you trade
  • #3,512
  • Sep 4, 2021 4:08am Sep 4, 2021 4:08am
Quoting BWilliam
{quote} I was accused of creating a new profile - it was made an issue. Possible scammer sell pdf... I was also accused of writing so much too soon on forum..... supposedly to earn my red diamond. I think zero about that red diamond. I judge the quality of a members post by the factual contents. And yes I am the proud perennial newbie that start in this forex business today. So, sorry I have no long term account statement to show you.
would be nice feature in FF if possible to choose "Not show any diamond".

at this moment you can write in signature something pointing that you are not "guru".. for example "Newbie. Not guru. Don't care red diamond".

I follow you because you are honest
  • #3,513
  • Sep 4, 2021 4:50am Sep 4, 2021 4:50am
Quoting gepards
{quote} what a statement!!! "who shows his account statement here honestly he has something on his head"... wow! fake "gurus" narrative... they convincing others that accounts stats is not needed and even not possible to show for various reasons. just keep following their advice blindly. I challenged daytraders to show their stats. nothing. here an explanation of fake "gurus": when a potential employee comes to me and tells "I have 10 years experience in ..." wow. cool. right? nope... not in real-life business. in real life when you talk with a...

honestly
you are the biggest weirdo in ff
what are you asking for statistics,you are sick in the head
you remain a dreamer
have a nice weekend

so here you come,you comedian
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ulle.png Size: 215 KB
Click to Enlarge Name: btc.png Size: 218 KB
Click to Enlarge Name: btc (1).png Size: 191 KB
Click to Enlarge Name: A-share-trader-laughs-in-front-of-the-German-share-price-index-DAX-board-at-the.jpg Size: 141 KB
Click to Enlarge Name: fgh.png Size: 82 KB
  • #3,514
  • Sep 4, 2021 5:11am Sep 4, 2021 5:11am
Quoting kette
{quote} honestly you are the biggest weirdo in ff what are you asking for statistics,you are sick in the head you remain a dreamer have a nice weekend so here you come,you comedian {image} {image} {image} {image} {image}
Quoting kette
{quote} https://atas.net/de/ my.clusterdelta.com/en/ https://www.sierrachart.com/ https://demo.ampfutures.com/quantower
All those links cost some money.

kette advocates a volumes trading strategy. And show no evidence about consistent results at least for 3 months. Only some screenshots with positive days results. Not honest.

Brutal truth - do not buy any indicator. Trade stocks. See when a good company stock price drops X% - go BUY. Observe stocks, see what X% is reasonable. Maybe 5%, maybe 15% - depends on stock. No indicators are needed. Very simple. Go use finviz.com to filter out stocks to trade. Trade only SP500 stocks with trading volumes > 1 mil. No hidden magic here.

see kette? this previous statement? this is how truth looks like.

See my manual trading account results so far. See my manual trades in this thread (before entry and after exits posts). This is the truth. Your screenshots... not the truth. You show only what you want and hey... you never have losing trade? Why not show the account report for 3 months to see dd % and profit factor?

Instead, you bully me and throw n pics with some good trades... we all have some good trades to show... the only reasonable truth about consistency is account report. so hard to accept that?
  • #3,515
  • Sep 4, 2021 5:18am Sep 4, 2021 5:18am
The brutal truth about day trading is that it is GAMBLING. Use all the statistical measures and See for yourself. As long as you accept and understand that and use a gambler's mentality, you may have a slim chance!
  • #3,516
  • Sep 4, 2021 5:29am Sep 4, 2021 5:29am
Quoting Zeus20
The brutal truth about day trading is that it is GAMBLING. Use all the statistical measures and See for yourself. As long as you accept and understand that and use a gambler's mentality, you may have a slim chance!
Hi Zeus,

which statistics are you talking about exactly? I day trade forex and so far do not see the performance worse than value trading (for stocks) of mine and friends I know doing that. However that is for 1 person, and no way reflect the situation of day trading as a whole

if you are referring to statistics of day traders as a population, there are some discussed by the thread OP in earlier pages which I also participated. My question to him was the lack of statistics for non-day traders to compare. To date there is no further supporting information to prove the “brutal truth”.

thanks
  • #3,517
  • Sep 4, 2021 5:36am Sep 4, 2021 5:36am
Quoting Zeus20
The brutal truth about day trading is that it is GAMBLING. Use all the statistical measures and See for yourself. As long as you accept and understand that and use a gambler's mentality, you may have a slim chance!
TBH almost every actions we do in trading and life are Gambling.

because the definitive meaning of the word gambling is, quote from dictionary, “betting something of value in exchange of something more valuable, via an event with uncertainty”

One party I think is not Gambling in Forex market is A-book brokers feeding on commissions. All parties that execute the trades (banks, swing traders, day traders) are Gambling unless someone has the “holy grail” 100% winning strategy.

just my thought
  • #3,518
  • Sep 4, 2021 5:40am Sep 4, 2021 5:40am
Quoting tommydoginti
{quote} Hi Zeus, which statistics are you talking about exactly? I day trade forex and so far do not see the performance worse than value trading (for stocks) of mine and friends I know doing that. However that is for 1 person, and no way reflect the situation of day trading as a whole if you are referring to statistics of day traders as a population, there are some discussed by the thread OP in earlier pages which I also participated. My question to him was the lack of statistics for non-day traders to compare. To date there is no further supporting...
Read his history post.

Quoting tommydoginti
{quote} TBH almost every actions we do in trading and life are Gambling. because the definitive meaning of the word gambling is, quote from dictionary, “betting something of value in exchange of something more valuable, via an event with uncertainty” One party I think is not Gambling in Forex market is A-book brokers feeding on commissions. All parties that execute the trades (banks, swing traders, day traders) are Gambling unless someone has the “holy grail” 100% winning strategy. just my thought
We know forex trading is gambling.

Why is it wrong for those of us who don't want to gamble seek the holy grail?
Know what you trade
  • #3,519
  • Sep 4, 2021 5:45am Sep 4, 2021 5:45am
Quoting tommydoginti
{quote} TBH almost every actions we do in trading and life are Gambling. because the definitive meaning of the word gambling is, quote from dictionary, “betting something of value in exchange of something more valuable, via an event with uncertainty” One party I think is not Gambling in Forex market is A-book brokers feeding on commissions. All parties that execute the trades (banks, swing traders, day traders) are Gambling unless someone has the “holy grail” 100% winning strategy. just my thought
like your point that all life is gambling. That's truth.

for example, when you try to engage in any relationship - you gamble. because at the beginning you don't know what personality have person you communicate with. then time shows. the same with projects.. you never know what pitfalls will be on the road of any project development. still, you make some budget evaluations based on the previous expierence.

it is possible to gamble and get some positive results.
  • #3,520
  • Sep 4, 2021 5:48am Sep 4, 2021 5:48am
Quoting gepards
it is possible to gamble and get some positive results.
Reduce the uncertainty content.

Don't ask me how.
The member with 90+ winrate has the secret sauce.
Know what you trade
3 traders viewing now