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luck is an imprecise term; variance (a poker term) or variability is much more accurate, an yes a . that's always part of the game; how a trader manages variance is skill. luck/variance: after i bought, it went up skill: as in i sold near the top of that winning TVIX trade using tape reading...

great news; https://www.interactivebrokers.com/en/index.php?f=45196 or www.ibkr.com/lite huge game-changer

NO. It was skill. I made this trade using specific technical & trade mgmt skills (I bought because it broke over specific resistance level) . Luck would've been entering & hoping for good fortune, aka gambling.

i day traded TVIX profitably today :)

my one pstv trade today = i bought a whopping 30 shares into the close at $4.04 for speculative swing trade

literally lol, thx

you guys have a refreshingly intelligent discussion going on (seriously) :)

what do you play...? I mostly play tenor sax, also keys & guitar here i am.. gotta love music :p

desktop i built myself, superfast asus mobo + 5 monitors, great for daytrading plus it looks badass lol

I use TA daily; it's how you use it that counts. For example 2 stock charts may both gap, or have a cup or ascending triangle or whatever, but the Range & volume (to choose which chart is best) are wayyy more important than basic patterns. It's all about directional volatility & risk mgmt...

great discussion, in day trading since '99 I've found: a) the MATH is a Lot more important than chart patterns/ta; b) what works best is tight stops, re-entries, scaling, improving entry/exit timing w/t&s; I often do 25-40 trades daily; trade often/small; I've done over 7,600 real-money trades...

Brilliantly written El OchoCinco re conclusion bias/sampling; you're right. I'm surprised the thread is still active. The only valid inference that could be made is sample-dependent; eg "most new brazilian futures daytraders fail". Which may be depressing to all 3 of them on the forum lol...

+1 As a former corporate statistician for a big-3 automaker, I will say a) wtf b) non-representative sample; No inference can be made between uncorrelated markets like brazilian futures vs USA NASDAQ/NYSE stock & etf day trading; apples vs oranges non-valid comparison.. plus its non-usa...

ok

ps the fact i live in colorado has nothing to do with it, lol ($6B biz here!).... I bought the bounce off support based on what i read, its going to be a big growth sector; after months of waiting for a bounce, i'm trading this one. MJ etf interesting (look at 1-year chart)

I bought small size CGC TLRY CRON on this recent bounce for swing trading; anyone else? I'd bought all 3 a week ago friday, sold tlry on recent big up day.

step 1: calculate # of shares needed for near breakeven (these still need adjusting; LABD/LABU closest): step 2: figure out traling stop/scaling strategy to produce winning daily P&L

holding steady, up over $500 today, TLRY nice 5-point run; holding UVXY TVIX, not adding for swing until up at least 2 pts; day traded in/out of TVIX today

today's a good example; i'm long from last week just 100 shares each UVXY TVIX gap up this morning; if i were in large size i'd sell partial here

great question, though I don't know re options; I trade the underlying, mostly day trading