stupidtrader journey to riches

Discussion in 'Journals' started by stupidtrader, Sep 29, 2024.

  1. wow , now we talking.just 21 points to double your account?I didn’t know it was so easy to make 100% , just 21 points. In this case 100% a year is easy peasy in relaxing trading small size
     
    #51     Sep 30, 2024
    Sekiyo likes this.
  2. Why is that? Is there something that i don’t understand? Market is 50-50% minus small commission, so just small edge should make you profitable, unless if you totally dumb i guess
     
    #52     Sep 30, 2024
  3. Coin Flip

    Coin Flip

    Yes, a small edge will make you profitable, but everyone is competing for those small edges.

    Always remember who is on the other side of your trades, its not noobs since they blowup in a day.

    You are trading against Goldman Sachs algos and Morgan Stanley bots.
     
    #53     Sep 30, 2024
  4. You dont need to compete for any edge or look for one, remember market is either buy or sellz, just guess direction and uou set, should not be that hard.
    No one is on the other side , i am not a hedge fun.
    Those bots are probably just scalping pennies, so they don’t prevent you from anything
    I am really puzzled now why majority fails, its look so easy to become wealthy in just few years
    To bad i dont have extra money for deposit at ghe moment or time due to my full time job
     
    #54     Sep 30, 2024
  5. Sekiyo

    Sekiyo

    Most fail because they sell when the market is going up and buy when the market is going down.

    Pretty stupid isn’t it ?
     
    #55     Sep 30, 2024
  6. Coin Flip

    Coin Flip

    Too much talk. You said you have $5,000, Fund your futures account and start daytrading.
     
    #56     Sep 30, 2024
    Sekiyo likes this.
  7. I am working day time full time job,use of phone is prohibited on the job, unfortunately not possible at the moment
     
    #57     Sep 30, 2024
  8. lol, can you be that unlucky. It’s not even funny.
     
    #58     Sep 30, 2024
  9. p0box4

    p0box4

    There are multiple reasons why you are setup to fail: money is scarce, you have no system and you said yourself you are too lazy for the boring stuff, you want to trade from a phone while at work, your expectations are unrealistic, ...

    Think about it, if it was that easy to make 100% return per year then why isn't everyone rich already? Especially since a lot of people are willing to put in a lot more work then you are, yet still don't succeed.
     
    #59     Sep 30, 2024
  10. Yeah i think my expectations are unrealistic, here i agree now,i cant trade from phone while at work. I need to be in front of big monitors in my own condo full time.
    People fail i think because they over complicate, information overload , confusion
     
    #60     Sep 30, 2024