Except that nobody can predict the future. So it's more about admitting that there is a HUGE gambling aspect to this, and HEDGING RISK. No matter how good you think your indicator combos are, or how much you think you know about fundamentals and economic data... Nobody can predict.
If you place a trade every day that will either make or lose $5000, and you do this every trading day for one year. If you win 70% of the time, you would have made over $500,000 that year.
If you learn to be happy with 60-80% of the move then you'll be fine. There is always a bull market somewhere.
60-80% of what move? I'm more interested now in finding one thing, or maybe a handful of things, that I can trade regularly. Most likely index fund options.
Totally agree, nobody can predict. But you didn't read @nooby_mcnoob's comments carefully: He doesn't predict.
He just said another strategy using options and hedging. That's not very different from what I originally posted. Except I'm 99% sure I'm committed to bull put spreads on index fund options.