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| Discuss Is Daytrading dangerous? at the Risk & Money Management within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by newbee Thanks newbee Just want to finish up on this thread, I ... |
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#251
3rd December 2007, 09:48 PM
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Re: Is Daytrading dangerous?
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 Just want to finish up on this thread, I have new projects to take care of so this will be my last reply here for some time. All I would say is being a short-term trader has to do with taking what the market has to offer. Most of these 'fundamental' and long-term investors have already made up their mind on what the market is going to offer. If you go to the Equities section, there are wild guesses going on everyday and people who are locked into predictions. If someone goes into daytrading with the same mentality as in 'this is where the market will be because I read it in DalalStreet' you will soon join the 95% statistics club. It takes years of watching, testing and losing money for any style of trading, no trading-style comes with a built in warranty where you will end up being profitable. The journey is always long and if you want a warranty, buy a toaster. 
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#252
3rd December 2007, 10:49 PM
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Re: Is Daytrading dangerous?
warranty
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#253
4th December 2007, 10:47 PM
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Re: Is Daytrading dangerous?
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#255
4th December 2007, 11:00 PM
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Re: Is Daytrading dangerous?
what is this 95% statistics? strange that so called traders constatntly quote these statistics to say this is dangerous...that is bad...you will drown etc etc. do you say that only 0.5% doctors succeed? or 0.001% lawyers get a case? then why this traders. imagine, tomorrow, you deposit some money and get a license to prectice law or medicine...then millions of indians will be eligible. and these will be your stats. in reality u have entrance exams and fixed seats and entry qualifications. imagine if trading had the same criteria like medicine, will that figure remain 95%? will the potato seller and milk man think of buying stocks on their own "research" hoping to be a millionaire? if they go belly up, do you really consider that another TRADER has failed?
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#256
5th December 2007, 01:29 AM
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Re: Is Daytrading dangerous?
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Wishing you all the best on your endeavours,and we all look fwd to your return to regular posting. Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..."
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#257
5th December 2007, 01:30 AM
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Re: Is Daytrading dangerous?
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Saint
__________________
"You cannot change the direction of the wind,but you CAN adjust your sail..."
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#258
5th December 2007, 10:21 AM
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Re: Is Daytrading dangerous?
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#259
5th December 2007, 10:26 AM
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Re: Is Daytrading dangerous?
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#260
5th December 2007, 10:33 AM
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Re: Is Daytrading dangerous?
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