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lol, glad it's 4/1

The answer to whether that trade made sense would depend on your risk profile, your target RR, and conviction. As described, that trade sucked on all three points (at least so far).

If you're going to watch like 10 to 100 streamed porn movies at the same time as trading, that upgrade makes kind of sense.

lololol I needed something to cheer up my evening, thanks.

So one might wonder then how representative that is of the whole population. My hunch is "not at all" given that approximately half of the US population owns no stocks whatsoever. As for a sample of people responding to a fintwit poll? Absolutely, the median respondent has no other use for the...

China being China.

Thanks for the thanks! I confess the above was my simple "aha" moment that turned trading from a completely scary random thing into something resembling a business. I might have been overly harsh on the group chat (though I'm not fond of trading education in general). We're social creatures...

Depends on the reference point (base capital), guess the DD is more like 100% * ((0.47 * 1.22) - 1) using your numbers. On main topic, I would (hypothetically) trust Plotkin more with my capital now than previously. Doubt he ever wants to get this humiliated again.

Trash thread title, please make a descriptive title that doesn't pollute with opinion.

"Meaningless" is harsh, it literally shows more information. I would show both charts to someone unfamiliar with QQQ/TQQQ and/or leverage... Both charts in tandem help explaining how TQQQ turned out a changing investment for some people in hindsight, but carries certain risks. The zoom in on the...

Pretty much, I gave up on him years ago. It doesn't matter what anyone (including himself) says, he will go back to doing the stuff he does because... void. He's not going to change.

Ex-ante. ;)

It sorta does, in aggregate if nothing else. E.g. traders that place their stops too narrowly are collectively preyed upon.

Musk is rejoicing he gets to fight another battle with SEC I bet.

Agree on everything. Yeah I didn't do the math either. To be fair I was just covering my ass for a potential "Oanda is just an expensive bucketshop!"-retort.

Your statement is ambiguous, my best guess is you mean 4x leverage on $4000 rather than $4000 nominal: 4000 * 4 = 16000 dollar nominal position size in total (hence allocate $8000 to each pair) (as leverage of total account: 16000 / 5000 = 3.2x leverage) Now, to find a matching lot size for so...

You should probably be more specific about what you want to trade and why to get a useful answer.

To formulate a trading strategy based on that chart alone, I would have to immediately get into special cases of "trend above upper band", "trend below lower band" and "bounce between bands". And then when I had coded that, I am pretty sure it would fail horribly out of sample. I guess you use...

Yepp telling someone to stay unhedged short in GME here is like saying "go kill yourself".

wtf, why short GME? Anyway, my condolences...