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  1. L

    If you are a day trader with a persistent edge, are you a millionaire yet?

    Stop posting bullshit then. :thumbsup: If after reading 400 books on trading, you’re still trying to trade 5 min candles, then what exactly is it that you have learned? You have an edge in predicting what the next 5 min print is? What is that source of edge? An indicator using time volume and...
  2. L

    If you are a day trader with a persistent edge, are you a millionaire yet?

    Well geez you must be super rich then. If all the info is in the price then you’re assuming strong form efficient market hypothesis, and therefore, your 5 min charts are random and cannot be a source of persistent returns. Which one is it lol.
  3. L

    Source for Consensus Economic Forecasts

    If you’re serious about trading, get meta stock Xenith. It’s a retail version of Refinitiv Eikon and is 99/mo. They have consensus data for economic indicators.
  4. L

    If you are a day trader with a persistent edge, are you a millionaire yet?

    Can you quantify your success? How much of your trading profits would you attribute to technical analysis? Be honest... Professional investors and traders do not use technical analysis like retail does. Reviewing a chart, or taking a look at the volume profile before a trade is part of due...
  5. L

    If you are a day trader with a persistent edge, are you a millionaire yet?

    Low 7 figures here. Not a “day trader”, though. Edge is beta timing and security selection. Worked in the industry for 8+ years (sell side & buy side risk taking roles). If your goal is to make money, retail chart strategies don’t work and you shouldn’t waste your time with them. The vast...
  6. L

    From Goldman Sachs intern to Europe's top trader, in six years

    Credit is actually a great place for hedge funds. It's a much cleaner dynamic since there is less noise in the price (random day traders/retail people).
  7. L

    Dollar Rally: what asset class would benefit the most?

    Yep I misread the question.
  8. L

    Dollar Rally: what asset class would benefit the most?

    From an strategy standpoint, US equities would benefit, especially companies that import intermediate goods. Consumer discretionary (retail and food), domestic-facing industrials, regional banks, etc. are some good sectors.
  9. L

    Markets face a toxic future as inflation fears grow

    Jesus what an asinine article.
  10. L

    Just got off the phone with a guy that does a lot of construction type stuff...

    Open interest for current month lumber futures is about 34% below last month, just another FYI. The drivers of higher lumber price (housing & renovation on the demand side, closed sawmills on the supply side) don't seem so hot. Devin Stockfish, CEO of Weyerhaeuser, just said "I don't think...
  11. L

    Why is Blackrock buying every single family house they can find, paying 20-50% above asking price?

    How about you define what you mean by high inflation? Do you mean an average of 2-3% over the next 10 years? Something greater? And what do you think is going to drive inflation? Shocks to supply or to demand?
  12. L

    Another boring covered call I did yesterday...Apple

    because the return you are getting is from being short vol...you are literally selling low...
  13. L

    Just got off the phone with a guy that does a lot of construction type stuff...

    Uhh, this is old news. Also, this is not a very analytical take on the inflation situation. FYI, lumber futures are down 30% since their peak last month. Elevated lumber was driven by a big boost to demand (for housing) and supply shock caused by sawmill issues (shut down), tariffs on Canadian...
  14. L

    to destriero (and all others that can help)

    @JSOP a classic case of Dunning-Kruger. You might be trading stuff you learned on tasty trade, but Tao and Dest are skilled professionals, and are on a completely different level. If I were you I’d try to learn as much from them as possible.
  15. L

    You guys REALLY need to be more analytical like me...

    Not sure why you feel the need to be misogynistic… :confused:
  16. L

    The race to 10 MM

    I’m down
  17. L

    Using MAE and MFE in trade strategies

    I'm skeptical of any trading strategy pitched to retail traders lol.
  18. L

    Using MAE and MFE in trade strategies

    Can't you just use a term like drawdowns, etc.?
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