ok now with the fed outta the way, i bought very small size (<$500ish/position for most) in these, most of which have my favorite price action play, eg ending at 2dhigh: ACB AMC AMZN CLVS COIN DIS DKNG LABU MJ NFLX PTON PYPL SCO SHOP SNAP SPCE TLRY its pure price action; i martingale scale in at eod 2d highs, scale out at 2dlows
Big ass volume came in , we took the 3.50's exit. Prob in play again tomorrow was gonna post this earlier but got distracted
Individual companies are too erratic to play, and master and understand and predict. You are basically throwing a dozen or two dozen fishing nets...all over the ocean....and just hoping....to randomly reel in Something, Anything. Doing that is not very precise and professional, and rather sloppy and messy. I don't know, but if I were a teacher/Guru....I would only preach to master the broad market index, S&P, Dow, charts.
I understand your point, but I carefully chose these based on specific patterns. Large range on 1 year chart, 2day high breakout today etc
I mainly now trade using automation, it scans options on stocks and futures. Because of hundreds of options are very erratic based on underlying, system produces more signals than I have funds on some days. I stopped calling signals 2 decades ago, didn't make sense to collect grand a month when I could throw on few more ES and collect much more than a grand. Stopped trading for others as well, happier to make 100% than 20%. It was a time period where trading got insanely boring. Rather be bored than deal with people. Haaaaa
%% Depends\ really depends on skill of manager + starting date. CANT really predict any market or ETF\index; SDOW usually is an underperformer against SPY inverse, but not all the time. IT wasnt worth my time, over the year$ to do single stocks , but I'm not WON[William O Neil\
People can certainly be strange, weird, dumb, emotional, incompetent, not ideal, etc etc etc. etc It's virtually impossible to teach and help everyone out there. 99.2% of a random population will be basically failures for one reason or another. As a teacher or Guru or whatever....I wouldn't want to waste my time, my life, my efforts, trying to turn a turd of a human being into a champion trader.
You are correct for most part, 99.2% will never get to a level of Dr Michael Burry , Navinder Singh Sarao, Elon Musk and others. We all evolve in life, one day I spent afternoon/evening with a trader who was going down wrong path, four years in trading and he knew so little. He had to get rid of drinking and smoking if he wanted to work with me. It's been long three years, he still has another year to smooth out rough edges, but he has evolved into good day trader and options as well. He now has winning weeks in day trading and as good as me in options. My concepts of trading are difficult cause they not written in books much if at all, but I have much patience even though I am Autistic. I see much of people follow ruts in life, won't think outside the box, so how can they ever make a killing in the markets when they over stay their welcome?