Comment on Mr Consistent returning incredible returns

Madan commented on 27 Dec 2013, 12:25 PM

Alex,

1. No, i don’t think daytrading is gambling. I personally know few people who successfully daytrade but eventually, they have moved into some kind of Trading education business..not sure why. So, thats why i mentioned its very difficult to see a profitable daytrader over the long run..other successful traders always have some kind of carry overs either as options strategies or plain vanilla options or just regular futures carry over.

2. I don’t average my losing position…NEVER EVER. When my SL is hit, rest assured, i am out. My cardinal rule.

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