Tired of losing money every trading day

[VEGASDESERT]

omg you guys are hysterical.

here ya go..

buy spy close of first 30 minute bar if market is up
short spy close of first 30 minute bar if market is down

stop $1.00 away, target $1.50.
close position eod if nothing triggered

is this a winning strategy? no
is it a losing strategy? no

its break even before fees. it HAS to be, its too stupid.

i pray that's its a constant loser, then i would just do the opposite.

 

[JonLivingston]

Learn how to ask yourself better questions!

What's a good example of that? What's an example of a bad and better question?

 

[Scataphagos]

What are ways I can find consistent stocks that will actually make me money? No matter what I do I always loose not gain.

You make your money when you enter the trade. That is, you need "good" entries... buying near technical support, selling near technical resistance, quickly chasing support and resistance breaks. That's "Price TA".

KISS, baby!

 

[newwurldmn]

great. You found one strategy that has zero expected value. I gave you one that will lose money all day long and one that will eventually lose all your money.

trade the opposite side of both and see how it goes.

omg you guys are hysterical.

here ya go..

buy spy close of first 30 minute bar if market is up
short spy close of first 30 minute bar if market is down

stop $1.00 away, target $1.50.
close position eod if nothing triggered

is this a winning strategy? no
is it a losing strategy? no

its break even before fees. it HAS to be, its too stupid.

i pray that's its a constant loser, then i would just do the opposite.

 

[Nobert]

What's a good example of that? What's an example of a bad and better question?

Bad question :
,,How to get rich quick ?''

Better question :

,,- Where does the majority of my loses comes from and how can i change that ?"
,,- From Interactive Brokers account ~~''

No, no, no, that's not what i mean. (smiles)

I lose most often when i trade - which product ?
Order type ?
What kind of emotional state i have been in when i opened the trade ?
When i closed it ?
Is there anything in common between my largest loosing trades ?
Among all of them ?
Maybe i should stop doing something ?

 

[Option_Attack]

Yes, with an exactly 50/50 chance system and zero trading cost or friction and enough trials, profit/loss will converge to break even. Has to be, or casinos would be out of business and every stock trader would be rich.

omg you guys are hysterical.

here ya go..

buy spy close of first 30 minute bar if market is up
short spy close of first 30 minute bar if market is down

stop $1.00 away, target $1.50.
close position eod if nothing triggered

is this a winning strategy? no
is it a losing strategy? no

its break even before fees. it HAS to be, its too stupid.

i pray that's its a constant loser, then i would just do the opposite.

 

[stepandfetchit]

What's a good example of that? What's an example of a bad and better question?

1) Having a firm understanding of what one wants and will be comfortable with (knowing yourself) is a prerequisite.
2) Avoid ambiguous questions.
3) Questions should get you closer to the truth (in sequence to discover the path to more understanding).

Nobert has provided good examples.
However, without #1 above, one may find themselves in a mobius loop!
IMHO: Answers are easy (mechanical), good questions require effort and wisdom.

 

[smallfil]

My money is on this guy trading against the trend and having no clue on what the hell he is doing. Even the very bad, garbage stocks can make you monies if you buy it at the right time. Market timing is still an important component of stock trading.

 

[JonLivingston]

Thanks both @Nobert @stepandfetchit.

I can't help but see this as too philosophical however.

And also I suspect there's an underlying assumption around the fact the trader asking those questions has a solid or sufficient enough technical background or ability to identify/ideate/plan/"see" trades (or potential trades).

What's an example of bad and better questions for one which does not yet have the technical soundness/background in trading yet?

 

[Nobert]

Thanks both @Nobert @stepandfetchit.

I can't help but see this as too philosophical however.

And also I suspect there's an underlying assumption around the fact the trader asking those questions has a solid or sufficient enough technical background or ability to identify/ideate/plan/"see" trades (or potential trades).

What's an example of bad and better questions for one which does not yet have the technical soundness/background in trading yet?

If the questions that i mentioned are too difficult, then maybe that person, for now, should forget about asking questions and find out how to install a TOS or IB demo, & ,,play' with it for a while.
A good start would be a goal of 300% the account. With at least 100~trades. Until then, he shouldn't touch real money.

But there's plenty that says otherwise. It's his/hers call in the end.