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Nah man go live, put enough in your account to do it right and if you drop a predetermined amount go back to paper...what's $5000 just to give it a go? "As old Pat Hearne would say, you never know till you bet" - ROASO

I've read FBR but not black swan. That thread you quoted is really good I guess I missed most of it. Also, handle123s post linked by poop is insane. Good stuff, thank you.

MMT sounds like an inflation and taxation nightmare.

Now this is podracing.

i think its a solid idea basing rules on your own experience. "time is more important than price" - mark fisher

Holy fucking shit. Jackpot.

Yea the good thing is asbestos is its really only threat when in dust form and inhaled...using a heat gun to scrap the stuff up was no danger as it doesn't really vaporize/has an extremely high melting point.

No doubt that is top-tier advice. Did he post it in this thread? Maybe one day I will revisit options, "the learning curve is high" is the truest statement ever. I just have severe doubt that I will ever get it without someone holding my hand. My math is fairly weak, never took calculus...basic...

yea i don't know about that. of all the traders I have talked to...the ones with the least amount of lines and indicators had the largest net worth. An inverse correlation it seems.

well done padu, but stay on watch for the swelled head.

It was built in the late 60s...thank God the walls aren't plaster I've heard about those with wire mesh? and they sound like a nightmare. I wish they were oak but they are pine...still good grain though being so old. I have a respirator I'll wear when sanding. The kitchen and dining room were...

My man I'm the most frugal of the frugals...my grandpa says I'm so tight with money when I blink it skins my peter back. I'm not paying full price for anything lol. I already got a load of base trim for free on Facebook marketplace...doing all the sheetrock work myself and only widening one...

i abandoned intraday stuff. I can't beat it...or dont want to bad enough, either way im out. Never liked the idea of day trading to be honest but did so because i nuked my account so hard with options gambling...i felt low margin intraday futures was my best shot at a come back. It wasn't haha...

I agree with your criticism, this reply isn't a rebuttal. I just need a lot of work on everything. Moving forward some Ideas I have: - Profit targets need more data. backtesting will come in useful. I will look at setups and measure MFE to create a probability distribution. This also needs to...

nah, I bought an '09 Lambo.

tracked performance metrics after 3 weeks of trading. Really rusty at first and still getting out of intraday mentality. Not terrible so far, +12% on the account with a 1.5 PF. I need to see improved results going forward, < mediocre at this point.

Life is fucked because it gives us the test first and the lesson after. Opposite of how we are taught in school.

You can only write off losses once you close the position and it becomes realized...up to $3000 per year (additional losses carry forward and can be subtracted in subsequent years) for retails / non professional status.

I missed the entire point of this thread which is in the first sentence. "it's not a loss till you sell" is WSB teenager bullshit...it's literally a loss in your net worth even if you cant write it off yet. You become worth less when you bag hold a steady loser.

The focus should be net worth always. purchasing equity is simply exchanging the most liquid asset (one that neither appreciates nor depreciates despite inflation because it always retains its face value), into a less liquid - appreciating asset. But Net Worth remains the exact same (depending...