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There is such a strategy, its called "adapting".

Didn't you read my post earlier? I said I also daytrade, but only when market conditions favor daytrading i.e 2008, 2020. Any decent daytrader would have printed money last year, its clear that neke's outsized gains in 2008/2009 was pure luck since he failed to capitalize on what was one of the...

My point is it took you forever to realise you didn't have an edge, 35% return over 10 years is puny relative to the time that was wasted on trading. I think deep down you probably know that you were just lucky with the 17500% gains from 2004 - 2011, between the insane martingale and fading...

I wouldn't be surprised because I too daytrade (when market conditions are great for daytrading), its dumb to aim to make consistent money everyday though, the market is not an ATM machine that dispenses money on demand, most traders don't realise this and this is why they fail.

A whole year? Try 10 years. I think he would have done far better if he had just stuck his money in the SPY since 2011. Trading (any sort) for consistently outsized gains over a long period of time is extremely difficult, most can't even beat the market.

Longer term approach doesn't work for everyone, some traders have trouble holding on to a position even if its only for a couple of days.

Only a fool/amateur would try to make 10k a day with 450k capital, thats a 50% monthly return or over 600% return a year, you'd have to take on an incredible amount of risk to achieve that. Daytrading is not impossible, I've been at it for over a decade now, I make a very comfortable living...

Some market conditions favor day trades, others favor longer time frames. A good trader knows how to adapt to market conditions, there is no best time frame for profit maximization.

It is tough because it leaves no room for error. There are daydreamers here who think they can average 1% a day (thats ~250% a year btw), the reality is its nearly impossible to generate such returns on a consistent basis, and consistency is key to long term survival. 30-50% annual ROI is more...

What he said.

Diving into something that one isn't familiar with can be disastrous, imagine trading CL without the knowledge that inventory numbers are released every wed at 1030...

Yeah but most traders only trade 1-2 products, it takes time to know a product, not advisable to run around chasing something just because its moving.

I too doubled my (7 figure) account in the last 2 years, any decent trader should have been printing money during this time of great volatility. I've always said that volatility is a trader's best friend, your profit potential is limited by trading range, and range is always much greater when...

IB should count themselves lucky, this thing could have bankrupted them easily.

You've gone off on a tangent here. The issue is not with the margin requirements, it would have been more than adequate if IB's system was working properly, it wouldn't have allowed Shah to trade 212 cars at $30 margin each when exchange margin was a few hundred times that. This could all have...

This is not a risk management issue, its a technology issue, IB was incapable of displaying negative prices.

IB is 99% responsible for the guy's losses (the one who bought 212 cars at 0.01), WTI had already gone negative but their crappy platform was still displaying bid/ask at 0.00/0.01. This shouldnt have happened, the trades at 0.01 shouldnt have even gone thru, IB is not a bucket shop so who were...

You wouldnt be asking such a dumb question if you traded ES during the recent meltdown.

That was before we had circuit breakers.

Exactly. 8k margin for a product that can sometimes more than 8 points overnight or even intraday isn't much while 36k margin for ES is just dumb, since when has ES ever come remotely close to moving 720 pts in a day? Never? This just goes to show that IB doesn't know what they are doing, their...