Quote:
Originally posted by Cynthetiq
no day trader has made as much as a normal employed trader... at least in the short life as the day trader.
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i know a few people who have set up a home office & make a living day trading, but they all have considerable pit experience.
but for the most part, i agree with cynthetiq - day trading seems to be a way for full time professionals to fleece another piece of the population. you, by yourself, have a slim chance of competing with merrill, morgan, refco, etc.......... in the long haul. they have a lot of money to pay people to stare at screens & act on them.
if you give it a go, i would recommend starting really small in size, and if you DO find a way to consistently make money, ramp the size up until you can afford to buy an island.