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  1. David's faith

    Who is more profitable?

    The short term guys have the interest advantage. Lets say you make 0.5% on average every day means you will double your capital way faster then a swing trader or an investor ever could.
  2. David's faith

    pattern day trader rule is a joke that must be cancelled

    People shouldn't be allowed to trade at all without having sat in front of the charts at least 1000 hours (or statistics or whatever floats a boat but the amount of work should be no less). Usually when you sign up for a broker account you have to lie in order to get markets access (have been...
  3. David's faith

    Trading with +$3M in funding

    Great results. Keep it up. (I don't judge about the prop thing, just the results).
  4. David's faith

    Any traders here used to work for professional prop firms (think DRW, SIG) and now just trade a PA?

    Its such a shame. Trading is like carrying your very own ATM with you. I never understand how people just deny the work and fail. A efing carriable ATM. Is it really not worth the effort?
  5. David's faith

    Any traders here used to work for professional prop firms (think DRW, SIG) and now just trade a PA?

    You don't have to trade like brooks. You have to learn the definition of trends, candles closing, patterns etc. That the market has different behaviour during diferrent hours of the day, beeakouts fakeouts, how to trade trading ranges, how to see them coming, he ditches into risk management...
  6. David's faith

    Any traders here used to work for professional prop firms (think DRW, SIG) and now just trade a PA?

    You find an edge by studying the markets sincerely. Sit in front of your charts 4 days a week, 3 weeks a month for half a year and it will come to you. I promiss. To make this exercise more prospectful study chart patterns and trends with Al Brooks trading course and also note down where price...
  7. David's faith

    Burry's QQQ/SPY Puts

    Burry is bearish since forever. Even was in 2020. Hes past his best times I think.
  8. David's faith

    Would you teach your kid Scalping?

    Scalping is amongst the hardest types of trading, I'd rather teach him speculating / swing trading first
  9. David's faith

    Turbo learner? ChatGPT is getting worse and worse in different disciplines

    Yes. But if you consider that to be an issue - every pharamaceutical company has to share their secrets with auditors, every enterprise has to share their books with KPMG and co, why not share your code with another software if it is not allowed to use it for learning or able to share it? Trust...
  10. David's faith

    Turbo learner? ChatGPT is getting worse and worse in different disciplines

    I say it will make coders and others more productive by reducing repetitive work but also provide solutions they did not think of. Think about bugs, performance and security in programming. Usually concepts are developed, then coded, then checked for bugs and security and then the code gets...
  11. David's faith

    Turbo learner? ChatGPT is getting worse and worse in different disciplines

    AI will not replace most humans, humans who don't use AI will be replaced thou
  12. David's faith

    Bye bye ASML & TSMC! China now makes its own lithography machines

    I'm not American or deeply convinced pro west, I just have a deep hatred for what China is doing. This is not a dick length thing. PS i am not religious, check my profile nor am I having a closeted view. You know what they do with all that wealth that they accumulate? Build tofu dreg buildings...
  13. David's faith

    Germany in upcoming winter... :-)

    Gas reserves are full, supply comes in from Norway at a bigger level this year then last year but also from the US. They won't freeze. Maybe they will suffer again from high prices and therefore inflation but not in the same dimensions.
  14. David's faith

    Bye bye ASML & TSMC! China now makes its own lithography machines

    Watch ATV China or Serpentza on YouTube, after you watched it you will no longer assume anything positive about China. They collect oil from the sewers and use it for cooking just to save a few cents, all while the water they drink is so polluted there are villages where EVERYBODY living there...
  15. David's faith

    UPS drivers average 170k?

    Divided by 5 is what you get per year I think.
  16. David's faith

    Does Trickle-Down Economics Actually Work?

    There is no middle class. You are either wage slave or upper class (meaning can afford to live from capital income alone).
  17. David's faith

    The Money Supply Has Shrunk For Eight Months In a Row

    True wealth is creates in bear markets, when prices are cheap and free capital to chase them is scarce
  18. David's faith

    Warner Bros movie 'Barbie' ticket sales top $1 billion ?

    vulnarable optimistic joyful women got rare in movies in the last few years due to feminism worked into every single brand. From Hulk to Ghostbusters, "MEN" in black and Star Wars, absolutely all of them "empower women", make women laughably hard and men surrounding them pittiful losers, and...
  19. David's faith

    BRICS currency

    If they trade no longer in USD they will also have to sell treasuries. Enough demand for dollars breaking away to make dogecoin very precious. Thing is - you will sell it for dollars. So you gain nothing at all.
  20. David's faith

    BRICS currency

    On August 22 BRICS meeting will likely define a new currency. It is said to be the end of the Dollar reign era. How come, there is no thread about it already? It is maybe the most impactful date of this decade? Bus. summary: The new currency will be most likely backed by gold of which every...
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