The reason I would lose statistically over time is basically the bid/ask spread or commission. If I don't hedge, my "big wins" will cancel out my "big losses" and it amounts to the same thing.
It all boils down to being able to predict something. And to only make trades when I have good reason to think I will win. That's why I'm not worried about my RBM21 (Gasoline futures June 2021) even though I'm down $8,000 right now ($0.0538/contract) because I still think it will go up. This is based on a long-term economic view. Although I am starting to slightly worry about contango effects.
and just like in the other thread your "predictions" are getting you in trouble. Everyone only takes trades when they think they will win. If they didnt think they could win they wouldnt take the trade. You know how you cancel out big losses? Take less risk and preserve your capital.
You sound like you belong in r/wallstreetbets.
And that same "less risk" will limit the gains also. Statistically, it equals out.
the name of the game is preserving capital not making home runs. Who cares if your gains are limited if you are consistently profitable. Over time your gains will outperform your losses.
And this requires successfully PREDICTING what will happen >50% of the time.
I am unwilling to consider TA as anything more than voodoo nonsense. The answers lie in economic fundamentals, which are a massively complicated topic that even PhD's don't understand fully.
Ray Dalio's fund lost 18% this year. What does that tell you?
the name of the game is preserving capital not making home runs. Who cares if your gains are limited if you are consistently profitable. Over time your gains will outperform your losses.
But hey, you sound like you know what you are doing with an 8k loss, so whatever.
that tells me Ray Dalio, along with you, are both idiots.
Ray Dalio net worth = $16.9 billion
George Soros net worth = $8.6 billion
IamTheCasino net worth =
Have you seen the way he trades? Try it out and see if it works for you, buy a huge amount of shares at support, then sell the bounce, make a killing, or short a huge amount at resistance then sell the dip, make a killing, problem is support does not always hold, and resistance does not always get rejected, and you get killed if that happens, he's survives, because he has sub money coming in, and if you really want to help people, you don't have to charge $100 a month, there are a ton of free discords, chat rooms, live youtubers, twitch, on and on.
What's his YouTube channel?
You sure he's legit? I'll take your word for it if you say he is. But how old is he? How did he get the startup money in his account? Is it possible his parents have him a ton of money initially?