Search results

The less you trade the more profitable you are at the end of the day. If you are a full time trader, you feel the need to justify going in and out daily to be "productive". Sadly. most of the time the price movements does not justify going in and out all the time. It is not that day trading is...

I going to quote you and give you benefit of a doubt and use the extremes. So you are saying someone with $999,999 in their account can make $100,000 per day "easily"? I have no doubt that yeah you can make 100k in a day with that money if you yolo your money, you can make double or triple even...

Take a break and re-analyze or just do something else entirely. Also, you can cut bet sizes so that you will be less effected. There's one trader who always cut his bet size into half after every losing trade. He said he does so even of it means placing the bare min to trade. And he doubles...

How is day trading scalable? You need a 8 figure account to make 6 figures easy a day. Swing trading and investing is scalable day trading not so.

I believe bitcoin gains will be lesser and lesser. Not saying it will crash to zero but it won't grow as fast. Certain altcoins will replicate bitcoins growth and maybe even overtake it eventually.

Scaling up. While technically it is the correct thing to do it gets to a point where one loss can be a whole years normal working salary. It will f up your confidence. I think it is better to play smaller once you reach a bigger portfolio for health sake.

Has anyone tried to get a larger sampling size by say tweaking a few parameters of your trading strategy so that you can have a larger sampling size? Does this count or will it defeat the purpose of having a sampling size? For e.g using a 1 period MA and a 5 period MA and also a 2 period MA...

I swing trade primarily and find that volume is only good for day trading and for longer term trades it bares little to no influence. Some of the parabolic breakthroughs are when volume are very low before increasing, it's similar to the Bollinger Bands squeeze where you get it contracting and...

Binance is the biggest exchange and the best imo.

They got the bulk of their net worth through stocks, So in a way it's also through investing. At that point their money is too big to trade. Elon Musk made USD $140 billion in 2020 through Tesla stocks. Which other job pays that well?

Trading done properly is really the most profitable job in the world. Nothing beats it.

There is an optimal or close to optimal strategy. No one is going to reveal anything to you because such a strategy is priceless.

Don't diversify unless you want normal kind of passive returns. Just learn to trade 1 ticker and then once you master it then you can trade more...

If you have wisdom you can generate wealth. If you have wealth without wisdom you will lose it all..

Investing beats trading for like 90% of the generation population since only 10% of traders are profitable. Those 10% earn way more than those investors though since the earn the profits of the 90% losers (minus comms from the platform) and a select few traders make insane amounts of money (7 or...

Once you reach a certain level, it becomes very easy almost like printing money. So I say the pain and sweat for a few years to master it is worth it.

A successful week should look like this..

I beg to defer. The value of bitcoin lies in the number of users. Therefore forking it or creating new bitcoin clones is useless since it's not the same user base. It's like why Facebook or Instagram has value when literally anyone can create a similar clone.

All fiat currencies eventually collapse.

It's not a myth. It's just that you are over thinking it and your short term losses are giving the illusion it doesn't work. But everyone has to trade in a way they are in tune with. If you are a scalper/day trader and aiming for high percentage plays then by all means trade that way.