Going full time

AI is not only way off topic here but it's a wore out subject and buzz word.
LMFAO HAHAHAHAHAHAHHAHAAHHAHAHAH lol hahahahahaha:D:D:D:D:D:D:D:D that is funnyyyyyyyyyyyyyyyyyyy

I agree.

AI, BI, SI, FI, GI, Jim Simons, BI, JI, MIT, EI, Donald Trump, Obama AI, QI, ABCI, KI, PI........and whatever else I anyone can think of that makes the market complicated. I welcomed them ALL.

I do not care, Just please let me X to XXX ES contracts order get filled and CME, please do not shut down the ES market PLEASE PLEASE. That is all I care about.
 
i started 20 years ago, and there are just as many opportunities to earn as there was back then. those opportunities are different but at the end of the day, people are risk averse and will compensate you to take risk.
True. If you go into a casino and place your bet on red, the odds are unchanged. Similarly the expected return for taking risk and carry the market portfolio is the same. I pursue a different path.
 
I am having trouble figuring out how the chart will change. Could you perhaps draw some sort of mock-up of what you think a 1 minute chart would look like if all the trading is done by super computers?

Right now its fairly clear, although after the fact of course, that there was a trend in the market and a certainly place where price didn't go beyond (the support and resistance you pointed out earlier). Will super computers and AI not respect levels? Will they push prices through them? If this is the case, won't we now as human traders be able to get in on this game once we see excessive moves?

I understand that human traders working for firms might not be needed, or even humans that write code would also be out of a job, but a price chart will still be produced that shows the trades placed by AI and I fail to see how even if it looks different, human traders won't be able to participate. If the market like ES goes from 4000 to 3900 in the blink of an eye, and maybe back to 4000 again, won't we learn to just place limit orders at the extremes?
I am having trouble figuring out how the chart will change. Could you perhaps draw some sort of mock-up of what you think a 1 minute chart would look like if all the trading is done by super computers?

Right now its fairly clear, although after the fact of course, that there was a trend in the market and a certainly place where price didn't go beyond (the support and resistance you pointed out earlier). Will super computers and AI not respect levels? Will they push prices through them? If this is the case, won't we now as human traders be able to get in on this game once we see excessive moves?

I understand that human traders working for firms might not be needed, or even humans that write code would also be out of a job, but a price chart will still be produced that shows the trades placed by AI and I fail to see how even if it looks different, human traders won't be able to participate. If the market like ES goes from 4000 to 3900 in the blink of an eye, and maybe back to 4000 again, won't we learn to just place limit orders at the extremes?

You can place limit orders, but will you get fills??
 
Welcome to day trading.


I dreamt about day trading 4 decades ago.
I read hundreds of trading books,
attended tens of trading courses,
analyzed thousands of charts,
and worked very very hard.


I am a day trader since 2 decades ago.


Day trading is actually the hardest profession.
You've been Day Trading for 40 years, 20 years full time?
 
True. If you go into a casino and place your bet on red, the odds are unchanged. Similarly the expected return for taking risk and carry the market portfolio is the same. I pursue a different path.


Yes, lacking conditional probability.

I know a guy who plays basic strategy in 21. I met him at Bellagio. He told me that he martingales out to 10 losses and leaves the table when he's up 100-unit bets.

We went out drinking and he was open to learning Revere APC. We spent a few hours at the airport lounge going through single deck counts. The guy's memory is that of a Alz's patient. He gave up frustrated and we sat there discussing crypto. He mentioned being a large buyer of Solana (happy week for him) and he showed me his crypto wallet. Dude had 8-9MM in his cbase wallet and just under $31MM in checking.

Guy has made $25-50MM martingaling with basic strat in 21 and roulette. He's semi-famous and his success can be independently verified.
 
It does not take $500K to generate $50K.
In a perfect world, it would be nice but
most people don't have accounts that
large.

For people starting with small accounts,
there is the magic of compounding.
If the OP is a day trader he will be given 4:1 intraday buying power which means he will only need 125k of his "own money" which doesn't sound like a problem at all for the OP. And he said he is trading futures and as I understand it futures brokers are even more generous with leverage( I dont trade futures myself).
 
You've been Day Trading for 40 years, 20 years full time?

I started investing/trading using these tools :

upload_2023-1-17_8-36-2.jpeg



images


The most I could calculate was MA5 moving average.
In those days,
bollinger band, RSI, macd, slow/fast stochastics .... were still not invented.

Also, Computers were still not invented.
 
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lol I seriously want this exchange archived for posterity so I am not going to respond further on this thread. GL to to @jdesey with the career change and I wish you all the best. Feel free to hit me up for any advice, but I am in the vol-space.
 
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