I am not really trying to do anything, just curious and don't fully understand what's going on I guess. You're very active here on these boards even after this post, so either you're still looking for something or you're really bored? Or maybe there's another reason I am over looking? If you're trying to day trade in the classical sense, don't think this forum is going to be of much assistance. Even of the few successful people here, most of them are just using account size(position size), time and the natural bullish bias of major US equities as their edge to turn a profit. It doesn't matter if they indeed are making 25% returns per year, it isn't going to help you learn to day trade unless at minimum they are willing to sit down and run you through what a profitable week looks like from start to finish. Even than it depends on how heavily they are relying on the above mentioned things, it still may not even help you that much. I am genuinely not being a smart ass when I say this, but there has to be some bugs you haven't worked out or else you wouldn't be making a post completely capitulating to the markets and giving up day trading. If you don't want me posting on your thread though let me know and I'll never make another post again.
Man he was down that amount but turned it around towards the end and was posting a gain of like $15k. Maybe he is making good money and honestly I hope it's true. The dude has been at it a while now he deserves some returns.
You got me all wrong man I took no offense at all. I welcome you to post on all my threads. and I agree that there must be some issues...no way in hell I as a losing trader would claim otherwise. but my post was mainly saying that I've gotten over the rudimentary/common beginner mistakes like letting PnL affect your execution ability. I know something(s) is/are missing, no doubt. But that's also not what I wanted this thread to be about. But even still I appreciate your interest is trying to help, I am grateful to all of ET in a big way.
Welp going by start-is-ticks, if there's a thousand traders in a room, only a handful will escape with the loot, the rest of the mob will get cleaned out, that's why.
Very insightful, this and the post on context. We often confused been elite with a bull market. In a raging bull market everyone is elite. Almost any system will turn a net profit. I actually simulated it with a price chart consisted of a significant drift term + GBM.
Hello NoahA, Of course I feel ok buddy. I feel great, awesome. I did not have a losing day trading this month. Feels good making money man.
One thing I can tell you, no one pays money for algos, they either try to appropriate them or build themselves, as after all, how hard can it be, as for the amounts you allocate 20% of net worth to the financial markets, which makes $220k capital a millionaire, if you allocate more than 20% you expose yourself to massive losses like 60% drawdowns, funny how it works, and the markets are more than happy to rinse and repeat if you don't learn your lesson. There's nothing complicated about going down to $90k, it's the markets working as they should, $220k is based on millionaire capital who generate 15-20% per year successfully, at least more often than not, the losses are simply exposing $220k to the markets targeting 25% instead of $80k targeting 7-10% which would likely be around 20% of net worth at affluent level not HNW level.
Oligarchs are buying farmland, and look at that glorious long term up trend on cattle futures! I already have enough land for a herd, if California relents on its fart ban plans.