Almost 80% of Private Day Traders Lose Money

Re:Almost 80% of Private Day Traders Lose Money by marcosdumay on Monday August 22, 2016 @12:43PM (#12337546)

I've tried trading on patterns for a short while.

Problem is, those patterns do exist, but they are chaotic behaviors, and transition probabilities are already priced in. So that, for a non-causal analyst looking at past data they look very reliable, but for somebody with no forward knowledge, they are useless.

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Re:Almost 80% of Private Day Traders Lose Money by shostack on Monday August 22, 2016 @04:09PM (#12339046)

How else beyond being a precog and insider trading could one have forward knowledge?

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Re:Almost 80% of Private Day Traders Lose Money by marcosdumay on Monday August 22, 2016 @06:45PM (#12339989)

By getting your data with days after the fact, and looking at the patterns with all the data graphed.

Or, in other words, the way those market analysis courses and gurus teach people to read the market. The patterns are very reliable if you ignore causality.

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Re:Almost 80% of Private Day Traders Lose Money by shostack on Monday August 22, 2016 @08:11PM (#12340345)

I might be misreading what you are saying, but how is getting data days after the fact forward knowledge?

Past performance is no guarantee of future results.

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