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so basically youre using a stop as a way to exit. youre system is like this, it goes long, but if market drops 10 points, then long idea was bad and doesnt work. sure you can have this type of system. but what is your exit criteria then. if market overbought? then why exit at random 10 points...

so your system worked but you had a stop in place so you got out even though the system didnt stop working. and in the end the system worked but you got your ass handed cuz of volatility. suunds to me stops arent that great after all. u just use them to curb volatility, but they do nothing...

You can look at this another way. Jesse Livermore used stops. He bankrupted 4 times. What does this tell you? Basically if you need to use stops, you are overleveraged and stops dont matter, you will be bankrupted at least once. Second: stops dont protect in reality against bankruptcy...

FAKE I have seen like 50 of these news articles and none worked out.

my strategy of choice is frontrunning. Already up 100% for the year.

Stoploss is for the newbies. Pros dont use stops. Your system either works or it dont. if it dont, get out. U dont need stops to tell you when to get out. if u need stops at all even a disaster stop, you overleveraged.

Successful accounts keep going, but 90% unsuccesful are churned newbies. That's the discrepancy. The statistics lie in this case.

bitcoins is free botnet

it is the red states who eat the most taxes, they tax the least but get the most subsidies. About 2 times more on average. so ur wrong to blame democrat. you forget republicans havent changed ways, while democrats is tax lots spend alot, republicans are tax less spend alot.. both pathways are...

The best edge is frontrunning. I'm up 100% in a few months with it. But with higher leverage I can get it to 200% next year.

traders who trade from home are indeed tacky. they usually are very frugal so they can have more money in trading account. girls don't like extreme frugalness. plus trade from home have no stories to tell about their work. boring. i feel for daytraders. but it their own darn fault for falling...

pros don't daytrade and use reasonable leverage. also they don't use discretionary trading.

What you are describing is not a career. It is for most intents and purposes a hobby. A career would be if you took steps to start portfolio managing for a fund.

Both daytrading and poker are zero-sum. If poker is gambling, so is daytrading.

Because one is scalable and the other one isnt

The wealth effect is both upwards as downwards. Longer terms can profit both ways from the wealth effect. However in history with the DOW going from 100 to 10000, it seems the upwards wealth effect is stronger than the downwards wealth effect. In any case, Buying at the top does not invalidate...

daytraders don´t take advantage of the wealth effect, like longer/term traders do. longer terms are mostly long. Why? to take advantage of the wealth effect. this is also a common misconception. there is scientific research that clearly shows that daytraders seem to not profit from longer...

the reason longer term trading `works` is the wealth effect. read my earlier posts I have explained what it is. wealth effect in itself, it also a form of perception.

this is a common misconception. In poker, when both participants commit 10.000 hours, still only one will win. 10.000 hours does not equal win.

GS at $135, do you have insider information?