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  1. T

    Will algos&AI take over? Is discretionary trading coming to an end?

    lol, no it was a shot at everyone else on these boards, myself included.
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    Will algos&AI take over? Is discretionary trading coming to an end?

    I appreciate it vanzandt, it's pretty ridiculous of tommcginnis to expect us people on these boards to understand big words like that.
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    What's everyone using for hardware these days? Is everyone using laptops by now?

    lol. Now a days the simplest of truths and logic...turn out to be the best humor....
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    Study says Daytrading for a living is virtually impossible.

    There's always exceptions and that's just one person you know. I don't understand how we can completely disregard or disprove his statement off of one person you know. Also, you never said how much capital hes trading to make the $250mil a year. Lastly maybe the 100k guy makes more...
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    What's everyone using for hardware these days? Is everyone using laptops by now?

    Thank you for backing me up, I thought people we're going to look down on my lack of hardware as being too outdated.
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    What's everyone using for hardware these days? Is everyone using laptops by now?

    I use a microwave and a tin can with string attached to it in order to connect to the internet. Not very fast, but frankly it's a pretty big savings on the bills
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    Study says Daytrading for a living is virtually impossible.

    There's no actual statistics that I have, but I have the same experiences as he's describing.
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    How To Read Chart

    This is good and mainly all correct information. Still without people having an effective measurement of supply and demand or way to know when / where accumulation and distribution zones are its not going to help them a lot, but at least you're giving people a starting point. Only thing I...
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    Study says Daytrading for a living is virtually impossible.

    I mean yes it's the case in some scenarios. I just don't understand why everyone uses 50% bench mark. You do understand there's ways to have edges above 50% correct? A lot of what you say is true, but you're also leaning way too hard to the other side. Just to be clear I do...
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    Tell me why averaging down is a bad idea .

    Sure, no argument there. It's way worse to average down if you're not a top tier trader, have no edge and no plan. That will be a disaster.
  11. T

    Tell me why averaging down is a bad idea .

    Okay, I appreciate the time you took.
  12. T

    Tell me why averaging down is a bad idea .

    Well that's kind of my point... if trading is more akin to gambling and a roulette wheel to the individual , than I guess it doesn't matter either way. But some people do have edges in the market, whatever that may be. So, if you have an edge and price dips some and that edge hasn't changed...
  13. T

    Tell me why averaging down is a bad idea .

    Furthermore if we both buy a contract at 3000 but price goes to 2995.00 and I buy another, I now have two at 2997.50.... if prices goes to 3010 you now have 2 at 3005.00..... I have a 7.50 point better average than you. So, if it's just 50/50 anyways I am ahead. Or am I suppose to...
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    Tell me why averaging down is a bad idea .

    In what world do you magically start up +10 points? This is what I don't get. You pick the starting point AND you ask a yes or no question. lol Positions start at 0, not up 10 points automatically. You still won't answer how you buy your initial contract or how you determine to exit...
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    Tell me why averaging down is a bad idea .

    Sorry but that is just factually incorrect. If you scroll up I did indeed answer your question and than did a follow up behind that.
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    Tell me why averaging down is a bad idea .

    Thanks for your time and replies, but you just repeated the same exact question without responding to anything I said. It's actually very odd or if you're trolling, well done you got me. Enjoy your weekend.
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    Where to meet high-IQ traders and investors?

    It could just be you have lower emotional intelligence. I do understand you stated since you have a high intelligence quotient, that you feel it made you short cut other areas... both could be true at the same time. Maybe the distinction doesn't really matter, but for example if I was...
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    Tell me why averaging down is a bad idea .

    I understand, but unless I am misreading or doing a poor job of interpreting what people are saying. It seems most are correlating all averaging down as random or an inherently bad thing to do. Seems I am doing a poor job of explaining that, that isn't always the case.
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    Tell me why averaging down is a bad idea .

    [ Sorry for so many edits in last post. I should of finished it out but I started hit enter than wanted to add a lot. Yes, that is a world of difference in that alone. If we say it's 50/50 and we agree there's no edge when initially buying or at any point. Than I wouldn't try to...
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    Tell me why averaging down is a bad idea .

    Okay, if you're telling me you're just an extremely mentally strong trader. Than I understand. If not I still don't understand because unless you're just randomly buying a contract, than you would be using some type of metric to initially buy the contract... right? some type of...
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