End Of A Retail's Day Trading Experiment?

Discussion in 'Trading' started by ironchef, Oct 28, 2024.

  1. "Looked through them..." :D

    There are like 500 videos on that channel.

    You might have another problem that is even worse.
    To be a trader you have to be meticulous and pay attention to details. And more importantly be able to gather meanings in definitions.

    If you see sormething and you are not willing to learn, you better do something else.

    Do you think that you have to see complex maths and research papers to find an edge?

    Memes and jokes from traders is where you have to look at.
     
    #211     Dec 29, 2024
    legionx likes this.
  2. Businessman

    Businessman

    I assuming you want your Big Mac as a meal.

    $10 a day = $3650 a year

    So you need $10000 dollar account (or notional account) and risk 1% per trade, $100. To have a chance to make $3650 a year.

    You might have to take a $1000 or higher drawdown.

    Waste of time.

    You really want to go for it and risk the whole $10,000 to make $50,000+.

    Its the same effort.
     
    Last edited: Dec 29, 2024
    #212     Dec 29, 2024
  3. #213     Dec 29, 2024
  4. ironchef

    ironchef

    Guilty.

    I looked through the first page.:vomit:
     
    #214     Dec 30, 2024
  5. ironchef

    ironchef

    #215     Dec 30, 2024
  6. ironchef

    ironchef

    I am already a lottery tickets buyer. It is called deep OTM options, single legs.

    Here, I want low stress, low risk trades.
     
    #216     Dec 30, 2024
  7. Are you selling or buying those options?
    I hope you are buying.
     
    #217     Dec 30, 2024
    ironchef likes this.
  8. ironchef

    ironchef

    Us amateur retails only buy lottery tickets. Professionals sell them.
     
    #218     Jan 3, 2025
  9. Nah, it is actually the other way around.
    Pros buy a lot more when they want to hedge.

    Look at tasty trade, a broker aimed a retailers traders, specialized in selling options.
     
    #219     Jan 3, 2025
  10. ironchef

    ironchef

    Yes, I watched Tasty Trade's strategy on YouTube back then when I started out and followed their strategy of trade often, trade small.

    Like Karen, one of their super traders, it didn't work for me.

    So this amateur reversed, did the exact opposite and started buying lottery tickets since:

    https://highline.huffingtonpost.com/articles/en/lotto-winners/

    https://www.straitstimes.com/asia/the-gambler-who-cracked-the-horse-racing-code-in-hong-kong
     
    Last edited: Jan 4, 2025
    #220     Jan 4, 2025