No day trader on this planet can make yearly profits

OP please answer this questions, you don't just write for writing sake.
The OP or anyone on this website will never answer this question with verified proof, because the OP Bullshitting , talking out the side of his ass, instead of trying to making money trading.

Only a Clown assume everybody not making money trading. Only a clown.

Only a clown will waste his time counting other people pockets instead of trying to fill their own pockets.
 
The minute I posted this I continued my testing and everything went downhill from there. The market is trendy and then it can be choppy? It is difficult to find the "Sweet Spot".

Answer: Let the system Signal using settings from a longer timeframe and enter with a shorter timeframe...problem solved.

I will know more Sunday afternoon when I can fire this puppy up and see what she does.

ES

This post is embarrassing to post in ET. I know how bad I am. This is for novice traders to believe in.

Trading the MNQ with an indicator (support and resistance w/Hull MA) and goosed with martingale between "always in" signals. The signals act independently from the martingale.

  • 58.62% winrate
  • 2:28:1 Win Loss Ratio
  • 4:02 Hrs. max time in trade. "always in" (most trades < 1hr.)
  • Utilizes "Averaging in" trade entry
  • 268 trades stress tested. (I do not backtest as I have segments of time that do the trick)

This goes against everything that I believe in (I am allergic to the words "indicator" and "martingale") but I will take it live beginning this Sunday Afternoon. See you in the poor house.

ES

P.S. This system is profitable without the martingale componet.
 
The minute I posted this I continued my testing and everything went downhill from there. The market is trendy and then it can be choppy? It is difficult to find the "Sweet Spot".....
ES
That is indeed a large issue, that market behaviour is inconsistent. Very very difficult to have any system which trades profitably through wild gyrations of mood, probably why rodeo riders can only sit on the beast for a matter of seconds.
Cowboy.jpg
 
Recently I came to the conclussion regarding stock trading, that there are numerous large trades going into a stock which are deliberately placed to just fvvck it around. For example on a penny stock, a $100k trade placed then a minute or two withdrawn again. It's like "place a large bet to create movement" that was the only purpose of it. The trade was not designed to be directional to create profit, it was just to stir an interest and reaction, like prodding a sleeping dog.
 
No need to be alarmed. I am only suggesting that while AI 'brains' are improving daily and get 'deeper in their learning' (pun intended), it will take quit some time for them to catch up to the human's brain abilities. For example, while you can train your machine's algorithm to efficiently and effectively execute 'price spoofing'.. it will take us long long time time to train a machine to perform none-algorithmic and a higher level brain activity, such as conceiving a fraud. ... Humans do have that ability and much more...
I think the 'AI vs human' battle is a farce. People often talk of ML/AI as a single entity that will compete against humans. If that were true, maybe ... and only maybe ... a single ML/AI system might maintain some kind of unique edge. But there is no single ML/AI system ... that's not what's happening. 100's to 1,000's of firms are incorporating individual, uniquely tuned, ML/AI systems into their trading practices. As ML/AI systems compete against each other, and all other market participants, each system's unique edge will get diluted, absorbed or negated. At some point, isn't each ML/AI system just another trading entity trying to find an edge and use it as long as possible? Sounds familiar.
 
I know this post has been out for a while but I never understood why someone would come into a trading forum only to say that no one in the forum can trade.

It’s like going to a medical convention full of doctors telling them that none of them know medicine. What?!?!
 
I know this post has been out for a while but I never understood why someone would come into a trading forum only to say that no one in the forum can trade.
...

A while? It's been here for 3 days.
As for the reason why? It is because the OP hasn't made money doing it, so thinks that nobody else in the world can do it either and wishes it were so, so they do not feel like a loser.

It's a dumb psychology.

On the flip side, I'm of the opposite mind. I am struggling, but I KNOW it can be done. And I condone anyone's methods that work for them.

It takes all kinds to make the world work. This is just another example of one of those "all kinds".
 
@TheBigShort Awesome results! Inspiring. To try to address the original post: I think @MrMuppet trades mostly intraday (it seems, I went through all of his posts a month ago I think) and seems to be killing it. @CALLumbus seems to be successful at intraday trading and he's right up in HFT territory going for a lot of super short term scalps (correct me if I'm wrong CALL on this). Im trying to become a mostly a day trader but I don't have the experience to say "yeah its possible Ive done it." I'm just paper trading mostly (I do have comedically small robinhood and binance.us accounts to make sure I have some skin in the game from jump street) with some success (mostly intraday equities trading). And I have to pay the bid ask spread (tradingview) and im usually buying 100-200 shares at a time on relatively high volume stocks so it seems like one could get fills like that live (feel free to correct me if im wrong). I'm not saying I could repeat those results in real life as of now but the factors that would keep me from doing so would have to do with things like the stakes being real so stress/pressure distorting my thinking which wouldn't specifically have to do with the markets themselves. Everyone with experience does seem to say it was easier 8-10 years ago though... particularly the scalpers. I just think it's doable. @rallymode seems to be killing it intraday. I believe rallymode and MrMuppet mention putting in 12 hours a day though- a ton of hard work. @d08 is another one I think.

There was this guy on here named garachen (I went through all of his posts) and he owns a HFT trading company and he mentions still doing quite a significant amount of manual trading futures intraday with success. I'm sure @destriero will tear up anything you put in front of him but I think he does a good amount of more longer term swing trades (like the Netflix short but I won't pretend I understand that). but he might do more intraday I haven't been through all his (or his old account's) posts yet (need to really learn options first, barely understand half his posts) but I've been through quite a few. destriero will also occasionally mention quite a few guys he knows who make 7-8 figures that I don't think post here, probably a lot of intraday stuff maybe ask him if you're curious about more examples. This forum is a relatively small sample size btw and you still have people killing it. There was also this dude @Slartibartfast who claimed to make 500,000 a month doing very short time frame intraday trading (futures). He mentions learning by trading back to back futures sessions trading 15 hours a day straight nonstop. I think he maybe was legit because destriero never called him out lol. destriero's schadenfreude (just learned that word :)) is our salvation, guiding us towards truth! Was he legit destriero ? if so kinda crazy cause people like garachen often mentioned using NO charts just the order book and says that chart reading/TA is BS but slarti claims to mostly just read charts, analyzing using TA and price action and intuition with some quick looks at the DOM and T&S but doesn't watch them closely. But mark Weinstein (of "market wizards" fame for those not familiar) said he was all about TA using even some of the more out there stuff like Fibonacci numbers and Elliot wave analysis and MW said he was tearing up the S and P futures when he started trading from home. Im trying to keep an open mind. btw im sure I left out a lot of great intraday traders on here I haven't been on this forum very long.

Forget about Automation vs Manual or Intraday vs Swing or Fundamental vs Technical.

Start off with an idea. Once you find that idea use the proper tools to execute.

Let's say your idea is - "I can front run hedge funds and make a few cents". Does manually doing this seem reasonable? Absolutely not. So you must use automation to play out your idea.

What about merger arb. Does automation make sense here? Probably not. Each event is very different.

Start with an idea, build the business around it.
 
Forget about Automation vs Manual or Intraday vs Swing or Fundamental vs Technical.

Start off with an idea. Once you find that idea use the proper tools to execute.

Let's say your idea is - "I can front run hedge funds and make a few cents". Does manually doing this seem reasonable? Absolutely not. So you must use automation to play out your idea.

What about merger arb. Does automation make sense here? Probably not. Each event is very different.

Start with an idea, build the business around it.
You are good.:thumbsup::thumbsup::thumbsup:

Most people don't appreciate what you just said. Just like so few realized they should buy buy Credit Default Swap back in 2007-08, or bought real estate in 2010-12.
 
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