Retail Daytrading

[KMeriwetherD]

@Charlie_Work

@KMeriwetherD

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…

first mention, yessssss!

missed you dear.

Did you read “Skin in the Game” yet?

[anon47629474]

@KMeriwetherD

missed you dear.

Did you read “Skin in the Game” yet?

we missed your sanity and general positive, can-do attitude.not sure I’ll read taleb’s latest. The name sort of says it all doesn’t it? I’ve long held that belief anyway. Although he always has some really great nuggets of wisdom let me know if it’s worth the read

Nowadays I spend most of my free time meditating since the key to all the knowledge in the universe lies within - how’s that for crazy?!

[birdman12345]

cw cant read anything but 4chan and reddit

[igor555]

[krnyc2008]

@KMeriwetherD

@krnyc2008

@KMeriwetherD

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

Welcome back! Glad you learned fast without much collateral damage. What’s the plan job wise now?

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.

Good for you!

[Yayyywork]

@Charlie_Work

@KMeriwetherD

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…

first mention, yessssss!

is “yeaa” me? lol but wow nice to see KMD again - sorry to hear your trading didnt work out but dont worry you are far from the only one!

[anon47629474]

Yo KMD! Since you will no longer be spending hours staring at technicals, this could be a great opportunity to become a woke bro. You could be my woke bro-tege!

[Yayyywork]

lol brotege sounds like something barney would say in how i met your mother - nice word

[KMeriwetherD]

@Charlie_Work

Yo KMD! Since you will no longer be spending hours staring at technicals, this could be a great opportunity to become a woke bro. You could be my woke bro-tege!

I just left one cult… and you want me to join another one

[anon47629474]

@KMeriwetherD

@Charlie_Work

Yo KMD! Since you will no longer be spending hours staring at technicals, this could be a great opportunity to become a woke bro. You could be my woke bro-tege!

I just left one cult… and you want me to join another one

think about it, you could be one of the _ Founding Members _. That’s way better than a simple recruit.

[rawraw]

She may be more woke than you already

[Sweep_the_Leg]

@Charlie_Work

@KMeriwetherD

@Charlie_Work

Yo KMD! Since you will no longer be spending hours staring at technicals, this could be a great opportunity to become a woke bro. You could be my woke bro-tege!

I just left one cult… and you want me to join another one

think about it, you could be one of the _ Founding Members _. That’s way better than a simple recruit.

I understand now. Being woke is working for a multi-level marketing company.

[birdman12345]

[igor555]

birdman the savage, poor turd asleep

[KMeriwetherD]

@Charlie_Work

@KMeriwetherD

@Charlie_Work

Yo KMD! Since you will no longer be spending hours staring at technicals, this could be a great opportunity to become a woke bro. You could be my woke bro-tege!

I just left one cult… and you want me to join another one

think about it, you could be one of the _ Founding Members _. That’s way better than a simple recruit.

Well I was a stripper who passed L1 with no finance background and I did get out of day trading with most of my capital still intact…

…

If I perform one more miracle, it would make me something like a messiah, I guess

[anon47629474]

from what I know about you, you appear to be the type that’s ‘not from around here’.

[KMeriwetherD]

www.amazon.com/gp/aw/d/0099427869/ref=mp_s_a_1_1?ie=UTF8&qid=1521770985&sr=8-1&pi=AC_SX236_SY340_FMwebp_QL65&keywords=illusion

You ever read this, CW?

If not, its short. Give it a go.

[anon47629474]

No. is it like a how-to manual for founding a cult? Well if it’s short maybe I’ll give it a go.

[GorillaNerd]

Allocating capital is doing God’s work!