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daytrading is a zero-sum game. trading on longer timeframes, aka investing, shows the emergence of the wealth effect. The wealth effect causes distortions upwards or downwards. In 100 years, we have known only upwards wealth effect, due to technology or currency debasement. Negative wealth...

except in business your edges are not always zero-sum, it way easier that way. you can create a whole new market out of nothing.

the reason is daytrading is a zero-sum game. There will ALWAYS be losers. In a closed system where all daytraders trade against eachother and each spends 10.000 hours to learn daytrading, still you will have losers. Thats why the "business" of daytrading is crap argument and the 10.000 screen...

I hope you figured out discretionary technical analysis doesn't work. In your third example you keep buying "breakouts". Funny thing is nobody can define what a breakout it. And when they do, it's in hindsight and in certain charts. In real-time most people will fall victim to fakeouts. You need...

stoplosses are for those without a true edge.

it has to do with the wealth effect of price discovery. When price goes up or down, wealth fluctuates greatly. But not always has money changed hands. It is imaginary. while daytrading is a zero-sum game, longer term buy and hold or position trading knows an upwards bias. Just look at the...

You should also add that daytrading is a zero-sum game and very much like poker where you only win where others lose. Aka your techniques need to be better than others.

You can treat trading as a business when you treat it as science and not discretinary "art" which is pure gambling.

Jim Cramer

Tons of sings of a bounce

You finally came to your senses and tested ATH outside of regular trading hours? Good for you! The real money was never in daytrading.

I agree when you do discretionary daytrading it's dead-end, you have no skills. When you do automated which has higher chance of success, if your edges run out your programming skills are worth something. Daytrading is like poker true and tested dead-end "jobs". Most guys who play poker still...

Even though I'm not involved in this part of the discussion, I wonder why you would involve a real-life friend of yours into an internet-troll filled discussion just because of your ego of wanting to be right or wanting to be admired.

I think you have serious issues. :(

However, it is clear that the Jews made America the strongest country in the world. Their contributions to white Americans welfare is unmatched. That's at least one immigrant group that defeats the norm.

If that was true technical analysis would have been called market data analysis. Technical analysis is called technical analysis because you use indicator price etc all in a technical way. Just because you use this market data doesn't mean your way of analysis is technical. What neenisti is...

TA is putting up a chart of a stock, analyzing it by drawing lines, looking at indicators and MA's and then decide to buy or sell. I doubt Neenisti even does this according to his own posts. When TA goes into hard coded programming it's barely original fail TA anymore. I bet he doesn't even have...

I sincerely doubt you are using technical analysis. You might be using its tools like oscillators but you are not analysing the technical way, but the quant way.

TA for me = price action. And price action is always discretionary, discretionary is unreliable, so TA is unreliable. I disagree with the notions that everything that isn't FA is TA, it's more the other way around. Everything is FA that isnt TA.

Barack Obama is a republican. It's the only thing that can explain his military decisions and his bailouts for the bankers.