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Totally true and agreed. Most people will see at least 1 supercycle(if not more) in their lifetime. Internet stocks in 1999-2000. Go super long. Then got out. U.S. real estate 2002-2006 Vancour, Shanghai, Toronto RE Cryptos 2013 to January 2018. I wished I had gotten in earlier. I got in...

I'm not the reddit poster. But his type of thinking is pretty rampant in quantitative trading/investment. In a former life(long time ago), I worked with colleagues who has PhD, multiple masters from top Ivy School who knows math, physics, compsci, and finance pretty well. Though not implicitly...

Made $14.8K on NQ trading sim. Just to see if it's possible. Today is a trendy day so I'm comfortable loading the boat for testing and seeing what's possible. Before I was just sim trading 5 lots. Today significantly more.

Another good day on sim all using 5 lots, which is not a crazy amount. Intraday: NQ $964: Good except I closed all 4 lots and kept 1. Then I let it ride. It went against me like crazy then finally came back. Bad! Bad! Next time time close everything out at once. ZW $241: Perfect daytrade. In...

I'm at 80% accuracy, but that's illusory. The reason the 80% accuracy is illusory is because sometimes I let a loser run longer than I should. If I cut losses faster I will probably be at 60%-65% accuracy and make a killing! It's not a Holy Grail or anything. But so far on sim account I'm making...

It's not all peachy. You have to trade the right instruments. I make money when I trade NQ, ZW, NG, CL, etc. But I lose money every single time when I trade GC. Thinking it will bounce higher. It does go up a little then say fool ya! Then goes back down. Very frustrating. On days when I don't...

HUH?? Did you read my posts????? I said to papertrade/sim trade first. That's why I simtrade 10 lots. Real account only 1 lot. But if you are not there yet then continue to simtrade until you got your edge down. Then use real account.

When a team of top SEALs were training to kill Osama bin Laden, do you think they were thinking of this is fake and simulated? We can just do whatever we want. It's no big deal. We will get him. No way! They built an entire replica of the compound where he was staying in Pakistan. They rehearsed...

In my case, I just real trade and sim trade a few hours in the morning. The rest of the day I have to attend to my other non-trading business/work/etc. For me, the goal of papertrading is to master the entry, exits, and risk management. It's not just a game to play. I papertrade as closely as I...

Totally agreed. I want to practice, practice, and practice so much that these good trading habits become so natural and instinctive that I know exactly what to do it each and every time. It's automatic behavior. Once you have it down, then money will roll in non-stop. Patience grasshopper.

Made $2.4K trading 10 lots on sim account since the open. Practice. Practice. On my real account I'm only trading 1 lots. Until I'm superconfident then I'll scale up in the real account. Been average way above $1K a day for a month now. You need size if you want to scalp for reasonable profits...

Yes, it's possible. But you have to expand the way you trade. Don't be a tickhound(trading for 1 tick). Very tiring and difficult. Look at CL. Just using 6:30AM PST/9:30AM EST open there was like a 2 point move! On one lot that's $2K. On 2 lots that's $4K. I'm not saying you would be able to...

I totally agreed. Here's my personal theory. These guys work in i-banking but they themselves are NOT traders. But it still means they get paid pretty well but not as well as traders. So they used their sizable bonuses and savings and bought cryptos in the early days. They got lucky and made...

https://www.bloomberg.com/news/articles/2018-05-30/traders-with-pockets-full-of-cryptocurrencies-quit-wall-street Whether cryptocurrencies and the technology that powers them will reshape the financial system remains to be seen. What’s not in doubt is their ability to transform the career paths...

I noticed the same. Over and over and over. To be fair, I used to be like that years ago then I wisened up. You read some people kept buying even as the stock breaks a $1. Hoping that it will turn around make them a fortune. Then the stock delisted. Even after news of impending delisting, some...

That's exactly my point. If he's only trading SPY then institutions can just get that exposure by buying low cost index funds. Unless he's saying he has excellent market-timing skills, which most institutions don't believe is possible to do consistently. Stock picking skills are different than...

Read below. Very sobering. Especially Tom Costello, Chief Executive Officer at Clairety Inc. (2017-present) answer. This is so true. But it doesn't mean you can't make money with it. It's not just of large scale institutional interest. You can trade it for yourself and make some money from it...

Every strategy has "capacity" issues. Even big hedge funds can't scale infinitely. https://www.elitetrader.com/et/threads/make-1-million-from-100.323366/#post-4697552

To clarify, I'm NOT heavy scalping. As I've written on ET on separate thread, I'm NOT micro-scalping. I trade off 1 min and 5 min charts. That's hardly heavy scalping. But you can still trade 10s of RTs a day off 1min and 5min charts. So my hold time is not seconds but minutes. So plenty of...

This is so true. Working in tech you can readily make low to mid six figures and just put in low cost index funds for the long run. I think a lot of people who are attracted to active trading sees it as a challenge. A game of sorts to beat and master. The best of both worlds is to keep your...