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I did not know about Kelly until you mentioned it. I was online poker player, so betting sizes are in my mind in trading. Sometimes I tend to raise my bet size and that is possibly a mistake here.

Thank you, My Kelly(last 12 months) is: 41.79% , so Is it correct to use between 1/4 and 1/2 Kelly depending on the strength of the signal or pattern?

Wow thanks for yours comments: Xela: yes position sizing is part of the problem I am very aggressive I use 10% of my trading capital in each trade, I don't use margin. Day trade only. Neke: yes I am up huge last 12 months, I'm not so worried but I always try to make adjustments to the...

I daytrade stocks, last friday I had a big loss equivalent to 5% of my capital in a single day. I'm still green this month, so I do not worry too much. This has been 4 times for the last 15 months, I have analyzed my mistakes and adapted my strategy, and I keep going.

Crazy, in Latin America 60K/year = very good live

Yes is rigged, and is very profitable because of that.

that address dumped today $45million

brokers publicity and "educators" scammers help a lot

From: Barber, Lee, Odean (2010): Do Day Traders Rationally Learn About Their Ability? 80% of all day traders quit within the first two years Among all day traders, nearly 40% day trade for only one month. Within three years, only 13% continue to day trade. After five years, only 7% remain...

Bitcoin is trash, but is a tradeable trash. Traders make money from bagholders.

ok, must be a capital/trading costs ratio, sounds better if trading costs is more than 1.5% it is time to consider others brokers? or increase the capital?

not typical, he uses a huge size position vs total equity, huge risk = huge gains, but most of times will be the account wipe out for newbies. Warrior maybe has millions in the bank, so 100K account is good for gambling.

Hi, for active traders(stocks) about 150 trades/month What is a good profit/commission+fees ratio? For example: -gross profit: $5000 -commissions + fees: $750(15%) -net profit: $4250

How much money does it take to be considered "rich"? "According to research by American bank Charles Schwab, that benchmark has risen, and you now need at least $2.4 million to be considered wealthy. In its survey of Americans aged 21 to 75 the bank asked how much people felt you needed to be...

I agree, I think 30k minimum and 100k ideal.

Put the money in the bank with 2-3% anual interest, contribute each year $2000, in 30 years you will have the million. :fistbump:

Thank you, My broker says no.

I think volume is too low at 8K, maybe 6K o 5K

Hi, Can be daytrading BP(4x) used to daytrade nonmarginable securities like OTCBB?

Bitcoin tanking fast, next support? 6K/3K?