Quote from another thread:
This guy didn't go to college and just was in his 20s (prime age) when the tech boom was occurring. Started off investing in mutual funds and 6 months later started day trading tech stocks.
He explains it in the video as, buy intel 51 sell at 54 every day like clockwork everyday. Buy at the bottom sell at the top of the range. 6am to 1pm he was gambling as he puts it.
Made enough to buy his first house then moved onto flipping real estate.
Bought more houses then multiplexes sold made millions retired and lives off his meathead lifestyle/supplement company.
What if he was born in 1994, wtf do you think his life would look like ? Most likely still working as a bouncer somewhere living in a shack in LA.
He didn't have any edge whatsoever he made money off randomness like 90% of successful traders who think they have some insight that nobody else does.
While an edge is useful its not required.
If your levered up in the right direction in front of right moves your going to end up wealthy. Despite whether people bash you saying you have no edge, trend following, s&r, candles, TA, fundamentals, algos etc
There are traders here making tons of money using strategies that professionals would laugh at and shrug off as hocus pocus, but who cares as long as your making bank.
Focus on whether you are making money not whether your strategy fits some nonsense definition of an "edge"
This profession is heavily influenced by randomness just like the world of Hollywood, everyone thinks they are the best and that their way is the right way but you are at the whim of external factors that you cannot control. All you have is your account and your risk management in this world.
This guy didn't go to college and just was in his 20s (prime age) when the tech boom was occurring. Started off investing in mutual funds and 6 months later started day trading tech stocks.
He explains it in the video as, buy intel 51 sell at 54 every day like clockwork everyday. Buy at the bottom sell at the top of the range. 6am to 1pm he was gambling as he puts it.
Made enough to buy his first house then moved onto flipping real estate.
Bought more houses then multiplexes sold made millions retired and lives off his meathead lifestyle/supplement company.
What if he was born in 1994, wtf do you think his life would look like ? Most likely still working as a bouncer somewhere living in a shack in LA.
He didn't have any edge whatsoever he made money off randomness like 90% of successful traders who think they have some insight that nobody else does.
While an edge is useful its not required.
If your levered up in the right direction in front of right moves your going to end up wealthy. Despite whether people bash you saying you have no edge, trend following, s&r, candles, TA, fundamentals, algos etc
There are traders here making tons of money using strategies that professionals would laugh at and shrug off as hocus pocus, but who cares as long as your making bank.
Focus on whether you are making money not whether your strategy fits some nonsense definition of an "edge"
This profession is heavily influenced by randomness just like the world of Hollywood, everyone thinks they are the best and that their way is the right way but you are at the whim of external factors that you cannot control. All you have is your account and your risk management in this world.
