I was looking around trading rooms and forums and stuff recently and it seems everyone is killing it.
Most trade a 'long only' system of some sort. All different styles.
I was in a room yesterday and the guy was taking live trades on the mic. All live. screensharing etc. Showing his accounts and stuff and he was making like 5-10k per day very consistently for a long time. His system is basically to go long on triangle breakouts on a basket of stocks.
I saw someone else who has been making lots of money for a year or so whos system seems to be to go long on stocks that gap up large on the day. There's probably other rules, but that seems like the general gist.
But then, we're in such a bull market that it's maybe hard to not make money going long and the system is basically irrelevant
Even i've been doing well with my stock plays (only taking longs). Some big gainers. But then I look around and most stocks are going up most days haha
And I could say the same about when we were in a bear market and i'd see certain people killing it with simple methods, but who were all 'short based' traders.
Maybe the holy grail is to just identify the much much bigger 'trend' (which is kind of easy and hard to miss?) and just trade any old 'method' in that direction lol
I guess the hard part if not losing too much as that 'trend' changes. So if/when the market ever stops going up a few percent per week/turned into a bear market where shorting using any old method/system would work
But everyone is like a trading genius at the moment as everyone only goes long and the market only goes up
Most trade a 'long only' system of some sort. All different styles.
I was in a room yesterday and the guy was taking live trades on the mic. All live. screensharing etc. Showing his accounts and stuff and he was making like 5-10k per day very consistently for a long time. His system is basically to go long on triangle breakouts on a basket of stocks.
I saw someone else who has been making lots of money for a year or so whos system seems to be to go long on stocks that gap up large on the day. There's probably other rules, but that seems like the general gist.
But then, we're in such a bull market that it's maybe hard to not make money going long and the system is basically irrelevant
Even i've been doing well with my stock plays (only taking longs). Some big gainers. But then I look around and most stocks are going up most days haha
And I could say the same about when we were in a bear market and i'd see certain people killing it with simple methods, but who were all 'short based' traders.
Maybe the holy grail is to just identify the much much bigger 'trend' (which is kind of easy and hard to miss?) and just trade any old 'method' in that direction lol
I guess the hard part if not losing too much as that 'trend' changes. So if/when the market ever stops going up a few percent per week/turned into a bear market where shorting using any old method/system would work
But everyone is like a trading genius at the moment as everyone only goes long and the market only goes up
