How is retail day trading anything but a gamble?

Discussion in 'Trading' started by kmiklas, Jun 4, 2020.

  1. speedo

    speedo

    #21     Jun 4, 2020
    Nobert likes this.
  2. SunTrader

    SunTrader

    umm 125 grand is roughly 100 times as much as qlai said. 6 figures, not 8.
     
    #22     Jun 4, 2020
  3. I don't think gambling provides any rational explanation how Dest turned his accounts into ungodly sums. Luck runs dry really quick in day trading stocks, even faster with options. If trading stocks is like swimming in rough water, Des is doing laps with saltwater crocs and sharks and has 4 45s tied around his waist. That's how much harder option trading is in my opinion. I avoid it as much as possible, he thrives in it.
     
    #23     Jun 4, 2020
    kmiklas likes this.
  4. destriero

    destriero

    Yeah, redundancy is brilliant.
     
    #24     Jun 4, 2020
  5. destriero

    destriero


    I had two edges; the first is whatever, and the second is tax-deferral. I turned $17K into $7MM over 25Y. I had taxable accounts as well, but nothing touched the organic return on my IRA. It's analogous to fasting; you don't have to count calories when you're not eating... and you can't spend money that you cannot access.

    I have nightmares about two life-events... selling my 600 BTC (from $290 DCA) too early and not funding my IRA every year. I did sell some BTC at $18,xxx.

    Also, margin-IRAs facilitated the process, but only relatively recently.
     
    #25     Jun 4, 2020
    .sigma, Orbiter, ironchef and 2 others like this.
  6. Tradex

    Tradex

    What do you mean?
     
    #26     Jun 4, 2020
  7. destriero

    destriero

    I've discussed my DCA on contributions and arrived at the $17K figure. I'd recently pegged it to 90-100K and that was simply wrong.
     
    #27     Jun 4, 2020
  8. destriero

    destriero


    That your hammers and MACD confirmation is retarded.
     
    #28     Jun 4, 2020
  9. Tradex

    Tradex

    Where did you read that, Mad Magazine?
     
    #29     Jun 4, 2020
  10. destriero

    destriero

    #30     Jun 4, 2020