I was wondering if you guys can profit consistently doing Day Trading or Scalping?
I you don't mind maybe vote in a poll I've made
Instead I refer to a big research, which was made back when daytrading became common.
A FEW got rich/earned good.
MOST LOST in the LONG run.
I earned rather good myself at trading at big GAPS between buy and sell in some rather small companies so most profesional brokers didn't bother about them. I had the first positions at BOTH sides at SAME time, except when I find to many or to few. That was is a share, which I had a bunch invested for LONG time, so I liked them based on FA. So I DIDN'T do as normal daytraders, who ONLY look at TA. This made my risk much smaller.
Since then it have BECOME MUCH HARDER by big traders have installed COMPUTERS to handle such, so there are no such simple to use gaps anymore. AND they have installed them JUST BESIDE stock markets to become some milliseconds faster than opponents. So there are no chance to beat their speed for common traders anymore...
Since then have Forex become popular among daytraders. There traders have an extra MINUS, because companies (=shares) EARN money in average, while currencies can't do anything else than break even... Minus brokers fees, so them who sure earn are the brokers
Edit: Don't trust the result in a "volontary" poll (=when only a few of the total answers) because most who lost don't tell it