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  1. galvinlee888

    Is manual day trading dead?

    Market conditions change after the big crash and volatility take a long break, Jess's strategy no longer work in that market conditions.
  2. galvinlee888

    technical analysis dax signal

    IF you can predict the direction (up, down or sideway) or volatility correctly (or "right" in most time), you definitely have the edge and can live rich forever. The problem is NO ONE can do this consistently in long term, not retail traders, not institutional traders. This is the reason why...
  3. galvinlee888

    technical analysis dax signal

    Your strategy (long/short DAX cash future, hedge the expose by shorting deep in the money options in opposite direction, set the Stop loss using OTM option ) will work well in the range bound market due to decay in theta. With DAX no longer in range bound, LOL...
  4. galvinlee888

    Is manual day trading dead?

    Not a very good example, as non of the retail traders (especially those with 2K account with bucket shop) can mimic Renaissance portfolio, indeed, you can't even do this with 10 millions dollar account. The only exception is Trading Education Buyer, he seems have make his billions by trading DAX...
  5. galvinlee888

    Is manual day trading dead?

    Sure you are.
  6. galvinlee888

    Is manual day trading dead?

    Try his approach in today market, you will be another best customer to your broker
  7. galvinlee888

    Is manual day trading dead?

    Lol, do you really believe a retail trader that barely graduated from the local community college, with a 5k accout (or even worst, 2k accout with a spread betting bucket shop), paying retail commissions and slippage, without access to the OTC market, have no clue on real Math and can't...
  8. galvinlee888

    Trading FOREX for a living - my strategy

    Smell fishy here. It won't be long before he start to mention his "intention" to manage OP $$ for a fees. Same old trick, different people (or may be same people with different ID) LOL
  9. galvinlee888

    Karen the Supertrader - TastyTrade Hybrid Experiment

    We should stop balking at Bobby. He will make 50% to ~135% on his capital before blow up. This is a simple math and sometime I just wonder why no one actually " get it". May be most of the so called "Elite trader" here just a third grade high school or community college student ? See my...
  10. galvinlee888

    Is it possible to win in one trade? Or are we supposed to lose 9/10 times

    Forget about those teach or suggest you on TA, chart, trade management, treat trading as business and etc BS that will bring you profit inlong term. There is zero edge in those approach Just answer yourself a simple question, what is your risk /reward ratio and slippage + commussion in...
  11. galvinlee888

    How to protect my position?

    Option (long put in your case) will help if you buy it before the crash. It is aka car insurance, you only buy it before the accident happen. My advice to you is in future if you are in profit when you long stock, you can either close the position with profit or you can lock in the profit with...
  12. galvinlee888

    Finland to experiment with basic income

    Really? Do you ever worked in WS before? Do you know what is their average working hours each week? Do you really believe other professional really contribute to economy? Look at those so called professional that work in corporate world, they spend most of their working hours on office...
  13. galvinlee888

    Why do people trade iron condors

    Short Vol with iron condor around earning is not something new, same question, what is you winning rate so far ? 1/3 ? What is the overall cost (Slippage + commission) ? Note: You are not the only one that ever worked as "financial strategy" in Fortune 500, indeed, I can tell you I don't like...
  14. galvinlee888

    Why do people trade iron condors

    Now I see, the 1227% ROI is assume you will WIN ALL the trades for the whole year. You have to take into account your losing trades, which will be quite high a probability to happen in your IC consider the % of the premium you collected. There is no free lunch in the market, ask yourself who is...
  15. galvinlee888

    Why do people trade iron condors

    Can't see the image you attach here, you want to PM me ?
  16. galvinlee888

    One Dollar Trader

    Lol, you *just* register with ET for less than 10 days? What is your previous ET login that been banned? I hope you don't have any short tetm memory on this.
  17. galvinlee888

    One Dollar Trader

    Here yo go again, another scam thread that try to show others that he somehow find the edge in the market without detailing with any proof, the ultimate goal is to get others (mainly the amateur) to "invest" in his strategy so that he can collect fees/profit sharing before the account blow...
  18. galvinlee888

    Why do people trade iron condors

    I am interest in how you come out with 'above 100% ROI"? If you are using some vendor options probability calculator to arrive to this number (100% ROI) , please provide the risk/reward, probability of success, cost (slippage + commission) in this particular trade.
  19. galvinlee888

    The best investing advice you've ever recieved

    100 % agreed. I have no issue to use a small portion (<0.1%) of your account to day trade as hobby and know the money will gone eventually. The remaining 99.9% of the account should stay in investment. The problem is for those that have big account (> $1 million) will not day trade as they are...
  20. galvinlee888

    The best investing advice you've ever recieved

    Leverage with small money is a gurantee for blow up eventually. Day trading is one of the biggest scam in human history, but it is no different than gambling or lottery in human history.
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