lol that guy’s laugh
Hey guys got this great piece of meme DD, thought you all would appreciate it. I’m going all in on pepes.
I just love it when people talk about investing their ‘shekels’ … lol always makes me chuckle
Ahhh. So I am reminded… bund traders are only a subset of weirdo.
You don’t like the bund? 
^
Isaiah can you go back to ACE. This new persons is weirding me out
On Monday last week I officially quit trading. I closed my accounts and put my capital in an IRA. For 2 years I dedicated 20-30 hours a week to live sessions, back testing and technique building. I studied price action, classic TA, DOM based order flow, volume analysis, and product based statistics. I came up with many discretionary and non discretionary strategies. They all failed and/or presented evidence for not being rationally valid.
This being said, although I am completely jaded myself when it comes to the prospect of being a profitable day trader, I believe there are some weirdos who actually make it work. What I have learned ( proven even!) is that intraday markets are random noise. All use of statistics or indicators are just ways to trick yourself into thinking you understand what is happening when really none of it has a valid edge in reality.
The folks who make it work are a mix of those delusional enough to drink their own cool aid… but also experienced enough to let their screen time give them an edge based in instinct. Either that or they had the capital to martingale out of everything or run enough non correlated algos to hedge out the draw downs. I have the experience, but not the delusion or the capital. I could not see the forest through the trees… I failed.
But at lest my efforts were mostly demo… so I got out of the game with most my capital 
Did you have fun too??? 
It was fun when I came up with a new technique… so much hope and potential! I loved that part… coming up with theories, testing them… troubleshooting… etc. That would last couple weeks until losses and cognitive dissonance set in 
The actual trading I hated! I am risk adverse and didn’t like it when it was time to roll the dice. Very uncomfortable for me.
welcome back
Day trading is a ****** cult. But I feel like I earned my spot, here in the purgatory that is water cooler.
Shit 
… you people are a breath of fresh air.
Im gonna go read about Turds latest version of woke-ness, and yeaa’s reasonable rebuttal. I wanna see what corner PA has shoved women in this week (because biology!) Has Greenman washed his towel? Who is slaying more… nerdy or ace? Has SCB bumped the snake thread this week? Is the atush still having some sort if drunken meltdown? BS, Ohai, STL, S2K, kRNYC, MLA…etc… igor and hashtag… 
i do know 1 day trading strategy.
so i have looked at 800 cos. of 800 cos, 200 are good cos. of the 200 good cos. maybe 50 are hsitorically good value.
anyways of the 50, i follow 30 religiously. like read every news, follow price/volume.
anyways a day trading strategy i noticed when price is signififcnatly up or down and volume is extremely high. when volume is high and price is down, it is usually a good time to buy. and vice versa.
i have a gf. so i have only slayed 1 ytd.
Welcome back! Glad you learned fast without much collateral damage. What’s the plan job wise now?
one of us! one of us!
and yes, i can’t imagine day trading working well in a HFT world. HFT don’t really play in illiquid stocks/markets. this is where I think the meat is now. the only problem is that a day trade could turn into a week trade and it doesn’t pay enough to do it full time.
ever notice how most markets always try to contradict the scriptures 
Good for you two to be here, this place is a fucking sausage fest
Thanks KR!
Last summer, when trading was not going well, I started making plans for myself in case it did not pan out. I had decided that if by this spring, it still did not look good, that I would push trading into the background and take serious steps to get back into the athletic industry. Well, in November I got ahead of the game and started seeking out coaching positions. I ended up getting an assistant coaching role with the distance runners on the track team at a local university. So I am already ahead of my plans. I will continue to to purse that industry where things have always come the easiest for me. I was never meant for the financial industry… it was a version of me that I wanted but was not the reality of who I am.
As jaded as I am right now, I can say the futures space is a pretty fair playing field for the dedicated well funded retail trader. You just gotta be the right kind of person to pursue it and it won’t be easy. HFT, the brokers…bla bla bla… that was not the problem. The futures market is transparent and fair. HFT works on a time frame smaller than retail traders need to worry about. I did not see that as an issue really. The problem was me… not unfairness. Now as for products where the broker is on the other side of the trade or where the market is less transparent and/or less liquid (stocks, options, FX…other derivatives) , I can see how the retail trader can get taken advantage of. That is another story.
first mention, yessssss!