Originally Posted by BenJamin327

Trading Forex is a zero sum game, but trading stocks is not, as stocks have a long term upward projecting tendency

 

Originally Posted by tyson219

Eh...OP said day trading. Day trading is pretty close to zero-sum, although there is a touch of long-term trend that makes it slightly greater than zero-sum.

Actually by the time you pay the pips on the Forex its actually more of a negative-sum game.

That being said with experience you can definitely make money trading FOREX right now, especially considering how the USD has been weakening lately. It takes a lot of time to figure it out, and I def agree with another poster that said that it will make the swings of NLHE seem negligible.

If you are going to do this, get set up with a mock account, spend a good bit of time working out your strategies, learn how to analyze graphs. You can learn to do well, and you can make some money off of 10-20k starting amounts given FOREX margins of 50:1, but it is definitely a gamble.

put your roll in Harrah's imo. if their stock plummets, they've got the pentagon to bail them out.

Best part is noone even knows you have to keep at least 25k equity in your account at all times to day trade.

 

Originally Posted by gjallen1975

put your roll in Harrah's imo. if their stock plummets, they've got the pentagon to bail them out.

not publicly traded

90% of online poker players lost money. so, whats the dif?

How many of you "professionals" paid income tax on your poker annual earnings?
Too bad nobody followed the laws in their state and paid taxes. You could have sent the biggest message to legalize the game by paying the taxes. With the loss of revenue they would be helping to find a way to get the game back......Ban poker or get revenue? These days the states do not have much choice it would get voted in. That's what happened in Colorado with marijuana the taxes paid got the state hooked.

 

Originally Posted by ziptransfer

90% of online poker players lost money. so, whats the dif?

How many of you "professionals" paid income tax on your poker annual earnings?
Too bad nobody followed the laws in their state and paid taxes. You could have sent the biggest message to legalize the game by paying the taxes. With the loss of revenue they would be helping to find a way to get the game back......Ban poker or get revenue? These days the states do not have much choice it would get voted in. That's what happened in Colorado with marijuana the taxes paid got the state hooked.

So you think everyone here is cashing out hundreds of thousands of dollars via bank wire and not paying taxes? Just stop posting.

Always going to be success stories, but its a much bigger gamble than playing poker is. I have also heard of people buying lottery tickets and hitting as well. Nice job to your friend though. :)

 

Originally Posted by jeppg1111

Uncle Sam is balling outta control with my tax money, riding in Benz and Lexus, hookers and blow etc.

sick brag

You make Uncle Sam sound cool to alot of people on the board. Uncle Sam should bow his head in shame over the DOJ's actions.

 

Originally Posted by unta

pretty funny actually today I was talking to a friend I hadn't seen in a while, he started day trading august 10' with 5k and is now sitting on 550k.

Pretty hard to believe. How did he start day trading with less than 25k equity in his account?

 

Originally Posted by donkiman

So you think everyone here is cashing out hundreds of thousands of dollars via bank wire and not paying taxes? Just stop posting.

seriously

Anyway, day trading 10x harder than poker imo. I tried it a little about 5 years ago. I didn't have to depend on it to make a living, I was just doing it as a hobby and because I thought I could make a little extra money. I only started with 10K, and before I knew it, I had about 3K left, and I just invested that in some long term stocks and said screw day trading. Some people may be able to do it, but I would think it would take years of training and experience. Even then, it would still probably be tough to make a living doing it. There are obv some people who are very good at it and make a great living, but the vast majority are similar to me, and they lose.

 

Originally Posted by 56off56

wow. So many opionions, so little time.
So i can't spell *roll* or role, who cares. These days no one can. I never said that you should jump into it with eyes shut. There are courses, books, trainers and a lot of ways to make money trading. I started with a 10K RoLLL and have managed to make money. As per the fact that most people don't make money, well, that's the same in poker. There are very few who are in the positive ROI range.
with regards to making a living... well, its all relative. If you want to buy a 10,000 sq foot house, with boats and all the fricking crazy things this society makes you believe you need to show your success, then 10K is not enough, but if you want to make an average "american" income, then 10K is enough to get you started.
I started the thread because there are a lot of things out there you can do instead of grinding poker. Trading is just one of them. It was not ment to offend or redicule anyone, its amazing how sensitive some people are around here.
I don't need to spell... I have others doing it for me.

By "average American income" I'm assuming your referring to $50k/year. There is no way that you can consistently turn anywhere near a $50k/year profit with a 10k roll. I really hope no one has taken your advice.

I think right now we all are trying to find our Role at our local Micky Ds :(

One good thing about online poker being banned in the US is these kids can go back to school and at least learn to spell.

would you like fries with that sir?

 

Originally Posted by 56off56

wow. So many opionions, so little time.
So i can't spell *roll* or role, who cares. These days no one can. I never said that you should jump into it with eyes shut. There are courses, books, trainers and a lot of ways to make money trading. I started with a 10K RoLLL and have managed to make money. As per the fact that most people don't make money, well, that's the same in poker. There are very few who are in the positive ROI range.
with regards to making a living... well, its all relative. If you want to buy a 10,000 sq foot house, with boats and all the fricking crazy things this society makes you believe you need to show your success, then 10K is not enough, but if you want to make an average "american" income, then 10K is enough to get you started.
I started the thread because there are a lot of things out there you can do instead of grinding poker. Trading is just one of them. It was not ment to offend or redicule anyone, its amazing how sensitive some people are around here.
I don't need to spell... I have others doing it for me.

you dont need to spell ,you have other doing it for you, ruh roh dis cunt b guut

silver is probably the best thing going , the dollar is scary, the world is crazy,billboards in my area say the world ends this month,fox news called him usama either way he's dead,local newspaper glorified him with the biggest photo possible[willing to bet its the biggest photo they ever posted wtg stockton record ,and AP/UB gives an initial post at each log in that usa players can't play real money activities but yet we can,this must be a trick upon the feds that they're abiding buy the rules, do i care ?NO! will i get my bank wire that was authorized late black friday.......???? MYSTERY OCCURRED- they cant even transfer rakeback owed =we're flat broke ,tuff titty american players we keepn yo money............................................W ORD