LMFAO HAHAHAHAHAHAHHAHAAHHAHAHAH lol hahahahahaha that is funnyyyyyyyyyyyyyyyyyyy I agree. AI, BI, SI, FI, GI, Jim Simons, BI, JI, MIT, EI, Donald Trump, Obama AI, QI, ABCI, KI, PI........and whatever else I anyone can think of that makes the market complicated. I welcomed them ALL. I do not care, Just please let me X to XXX ES contracts order get filled and CME, please do not shut down the ES market PLEASE PLEASE. That is all I care about.
Hello Laissez Faire, When I am clicking buy and sell button manually, I never think about AI. AI damn sure can not help me make money trading ES, that is for sure.
True. If you go into a casino and place your bet on red, the odds are unchanged. Similarly the expected return for taking risk and carry the market portfolio is the same. I pursue a different path.
Yes, lacking conditional probability. I know a guy who plays basic strategy in 21. I met him at Bellagio. He told me that he martingales out to 10 losses and leaves the table when he's up 100-unit bets. We went out drinking and he was open to learning Revere APC. We spent a few hours at the airport lounge going through single deck counts. The guy's memory is that of a Alz's patient. He gave up frustrated and we sat there discussing crypto. He mentioned being a large buyer of Solana (happy week for him) and he showed me his crypto wallet. Dude had 8-9MM in his cbase wallet and just under $31MM in checking. Guy has made $25-50MM martingaling with basic strat in 21 and roulette. He's semi-famous and his success can be independently verified.
If the OP is a day trader he will be given 4:1 intraday buying power which means he will only need 125k of his "own money" which doesn't sound like a problem at all for the OP. And he said he is trading futures and as I understand it futures brokers are even more generous with leverage( I dont trade futures myself).
I started investing/trading using these tools : The most I could calculate was MA5 moving average. In those days, bollinger band, RSI, macd, slow/fast stochastics .... were still not invented. Also, Computers were still not invented.
lol I seriously want this exchange archived for posterity so I am not going to respond further on this thread. GL to to @jdesey with the career change and I wish you all the best. Feel free to hit me up for any advice, but I am in the vol-space.
been full time trading for 2.5 years now, and by full time i mean one hour a month, the rest is at leasure or in the real world living