Can anyone be my trading mentor? (short term trading)

[themickey]

No one serious is running an algo jumping on breakouts lol. At the higher frequencies you're doing market making or trying to scoop the fill on a whale. For the latter, that sort of analysis is conducted across venues (e.g. share hit on BATS, sweep every other exchange and sell basket immediately).

As for me being a retail trader, I'm totally ignorant of those concepts, I lack the data, tools and education.
The best I can do with my limited resources is my own form of TA which has cost me countless hours of figuring out.

 

[poopy]

The forest for the trees... Looking at closing volume as somehow significant w/o knowing the closing imbalances that contribute to it and that are exploitable. Volume is not causal.

 

[longandshort]

As for me being a retail trader, I'm totally ignorant of those concepts, I lack the data, tools and education.
The best I can do with my limited resources is my own form of TA which has cost me countless hours of figuring out.

Buy and hold probably a better roi.

 

[themickey]

Buy and hold probably a better roi.

We don't know the future, we can speculate.
4-5 years ago, lithium stocks were hot, EV, solar panel batteries, drones, electric bicycles, battery powered tools, lawn mowers......

If you bought and held lithium stocks to now, your ass has been completely been reamed out.

 

[longandshort]

We don't know the future, we can speculate.
4-5 years ago, lithium stocks were hot, EV, solar panel batteries, drones, electric bicycles, battery powered tools, lawn mowers......

If you bought and held lithium stocks to now, your ass has been completely been reamed out.

Right but if you just bought and held the index that’s better than trying to buy stocks using technical analysis.

 

[themickey]

Right but if you just bought and held the index that’s better than trying to buy stocks using technical analysis.

There is no lithium index.
There's mining indexes, they too have underperfomed.
Buying technology index for example, yes, a good result.

But my point was, lithium appeared to be nigh on invinsible as a commodity bet for a buy and hold.
Oh boy....

 

[SURVIVOR]

Anchored VWAP, MACD and Fibonacci is not going to work out for you.

University and going for an actual job in the industry or alternatively some other entrepreneurial pursuit should be your main plan, not trading on your own as a retail trader. A realistic timeline for you to have a chance at becoming a successful retail trader on your own is ten years minimum with a huge amount of work to the point of obsession where you'll neglect other areas of your life. And keep in mind that's what it takes to just have a chance. No guarantees of success.

You will probably think you're the exception, but realistically, you won't be. So think really hard about if you actually want to even try. And if you do go down this path, remember this thread in the future and that you were warned.

I was you once. If I could have done it all over, I would have focused 100 % on a career or some other entrepreneurial pursuit and instead invested my income in the market. Alternatively swing trading stocks (which can be done while holding a job or doing something else).

There's a lot of smoke and mirrors in the industry and it's easy to be fooled by survivorship bias. With the rise of social media it's even worse these days with so many clowns on YT/Twitter which are selling courses and private rooms which honestly ain't making shit themselves beyond the subscription fees they're charging. But for a newbie it's easy to get fooled.

And for the few actual successes, you don't see the thousands of people who actually failed at this.



In comparison - is trading equity-vol easier? If so, why?

And what are the chances that the OP on his own as a retail amateur can become a profitable equity-vol trader? I would guess they're still slim.

I understand that almost half of the traders who comment on my concerns feel that trading carries too many risks. I am honestly only listening to my own opinions rather than finding resources to do what other people say I have to do. If you believe that VWAP, MACD, and Fibonacci are not meaningful, that's totally fine. I would like to take some time to learn most of the major trading tools and strategies myself and apply them to the real-time market to see which ones actually work and for which industries. As for you saying that it has to be ten years to learn how to actually be successful, that is also incorrect, in my opinion. For those that you mentioned, a lot of them are only working part-time, not dedicating time and effort to studying chart patterns and company fundamentals, and being too stubborn about making a change to their current strategy or adapting to market sentiment. If I can manage most of the criteria, there's always the potential to succeed much faster, which is why I train every single weekday.

 

[SURVIVOR]

Hey, love your passion and enthusiasm for markets. Given your interest, I recommend you position yourself for a career in the buy side (hedge fund), which is the professional arena for risk taking in financial markets. The best way to do that right now is through an internship. Most banks will run summer analyst programs for college sophomores and juniors, which they then hire from.

If you are looking for something more educational in nature (more mentorship), I run a free/educational internship program for students. The bulk of my interns have gone on to work on Wall Street across investment banking, sales-trading, and equity research. Some have decided to trade their own accounts in my style.

About me— portfolio manager with 10+ years of experience across the street (sales-trading, m&a, and investment management). I currently run a discretionary long/short equity strategy that’s similar to how pods at p72, citadel, and millenium trade equities.

If you are truly interested in succeeding and want equity or global macro exposure, then this could be a good fit. If you prefer to trade vol, other asset classes, or quantitive styles, I’m not ideal.

One caveat is that, despite what you might have read or “learned” so far about the markets, technical analysis is largely bullshit and you’ll need to unlearn a big aspect of that. If that’s not something you can do, then we aren’t a good fit.

Hello, I am curious about your opinions about trading stocks. Would you be fine to offer some more in-depth insight on what strategies you mainly rely on? As you have mentioned, technical, volume, asset, and quantitative are all not major components of your investment. Then do you solely rely on sentiment toward industry or company, such as buying AMD (a laggard stock) after NVDA rises, or through other means? Also, you have mentioned global economic exposure, which unfortunately isn't a part on which I would like to focus as of right now, mainly due to the fact that I feel more comfortable sitting at home and watching the chart every occasion, from 8:30 a.m. to 3 p.m. (ET). I feel like trading in international markets involves different time zones and is prone to other local issues that are often more challenging to record by news outlets. When something has already happened, it would be too late for me to perform any sort of action. Or perhaps I misunderstood your opinion. Anyway, I am more than willing to chat with you when you are free.

 

[longandshort]

Hello, I am curious about your opinions about trading stocks. Would you be fine to offer some more in-depth insight on what strategies you mainly rely on? As you have mentioned, technical, volume, asset, and quantitative are all not major components of your investment. Then do you solely rely on sentiment toward industry or company, such as buying AMD (a laggard stock) after NVDA rises, or through other means? Also, you have mentioned global economic exposure, which unfortunately isn't a part on which I would like to focus as of right now, mainly due to the fact that I feel more comfortable sitting at home and watching the chart every occasion, from 8:30 a.m. to 3 p.m. (ET). I feel like trading in international markets involves different time zones and is prone to other local issues that are often more challenging to record by news outlets. When something has already happened, it would be too late for me to perform any sort of action. Or perhaps I misunderstood your opinion. Anyway, I am more than willing to chat with you when you are free.

We use fundamental equity research. For example, if the market implied estimate of AMDs earnings are $100 for next fiscal year, but our analysis points to $120, then we would be long the stock. We also go short where we have a negative expectations gap vs the street.

Here’s a link to a detailed post I made on a different forum about what the investment process looks like: https://www.wallstreetoasis.com/for...nd-develop-good-ideas-discretionary-ls-equity

 

[newwurldmn]

We use fundamental equity research. For example, if the market implied estimate of AMDs earnings are $100 for next fiscal year, but our analysis points to $120, then we would be long the stock. We also go short where we have a negative expectations gap vs the street.

Here’s a link to a detailed post I made on a different forum about what the investment process looks like: https://www.wallstreetoasis.com/for...nd-develop-good-ideas-discretionary-ls-equity

Why dont you post your real name on things like that? You could get a real following like those derivs guys we talk about.