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Ok stick to your charts and losing money.

That wasn’t proof that I’m profitable or have an edge, it’s proof that I’m not trading 5k and pretending to be some whiz. Almost everyone on this forum made money on AMC, it’s also not proof that you have an edge. What’s funny is that I systematically started to buy AMC (reopening play), but...

If you are long beta over a longer timeframe, which is pretty much what you’re doing + a momentum overlay, then you can be quite profitable and don’t need to worry about how robust your process is. You don’t need an edge to build wealth because you are carried by the positive (long term) skew...

You have one strategy that’s ran since 2018, and your other two strategies either started on 4/2020 or at the beginning of this year. That’s not real proof. As of last Friday:

I didn’t say you can’t trade with leverage, or fx, or can’t be profitable day trading. What I’m saying is that you can’t be profitable as a day trader by just looking at charts. In fact, looking at price should come later in your decision making process.

The reality is that he does not have an edge. Unless he’s an HFT sniffing orders or just trading momentum, I can almost guarantee that his cumulative pnl is negative and that his win loss ratio is low. And even if he was profitable, the likelihood of him beating a beta version of the strategy is...

So what’s your edge and why aren’t you a millionaire from your day trades then?

Are you joking?

What is your edge and what explains why it persists?

So what’s your edge then? If price was all you needed, why is al brooks trying to sell books instead of being a famous hedge fund manager?

Do you know enough about econ to make that claim lol? Also, not sure if you understood what I said. Strong form efficient market hypothesis: all information is baked into the price. There is no advantage in any analysis, stock prices move in random walks. Semi-strong efficient market: most...

Mosaic theory is really just a research process. My analytical edge comes from pairing that with macro factors and research. I trade catalysts or thematic trends— from 2 days to a few quarters; possible to hold a company long term if the macro regime supports it. I do occasionally make intraday...

You are confusing elegance with simplicity. Trading is not simple. Good trading is elegant.

Valuation is misunderstood by most market participants (even many fund managers/analysts). This is because the driver of multiples (valuation itself) is macro-driven (and most analysts, and many fund managers, are micro focused). You can't look at today's multiple and make a judgement on value...

It was hyperbole.

By the way, I ran backtests on the strategy for both the last year and 2018 (just to add to sample). 2020 2018 Anyway, I'm happy you have a style that works for you. But I think it's bad form to tell people that you can easily make money by looking at a 5 min chart and volume, click buy...

Beta refers to the systematic risk and return. For example, assume you are defining momentum as "stock price today > stock price 5 days" (or whatever lookback period -- which refers to the amount of data you compare the current price against). Assume you are also adding a volume filter: "volume...

so: 1) you're not day trading and 2) you are trading momentum. Have you compared the returns of a portfolio comprised of momentum stocks to your ex-post returns? If your ex-post returns of your PA is less than the beta, then you are not even able to effectively harvest the beta of momentum...

Ok, thanks for that lesson. Not sure you know enough about fundamentals given your ta background. In any case, I trade via mosaic theory, which is not easy to do from home (or even with a pod).

Which is contrary to “100% price action based”. While I don’t think @deaddog has bad intentions, spouting this stuff is going to give false hope to people thinking that all they need is a chart and some capital lol. Just be honest and realistic - trading is very hard, there are many variables...