Відео

Better off on wallstreet bets

That's Donald Trump tweeting - the market is volatile and choppy because of Donnie in the White House.

I have been trading like 10 years, I can easily confirm that Markets are RANDOM! There is no algo, there is no reading market, there is nothing there. However, only thing you can do is a risk management and statistics. Bassically, set a goal I will try to make $1000 today, however, If I lose $1000 I will stop. If you can keep repeat this 100 times, statistics will be with you.

Do you think you could make a portfolio update for your overall cash pile?

Trading should be boring and systematic. Not random and exciting. I spent many years creating systems before I actually traded them.

If 30min opening range breakout is consistently negative why not make this an edge. Every time price breaks out 30min range, take an entry aiming price going back into the range and the outcome will be consistently positive. We know indexes are extremely rotational meaning they only trend 10% of the time. So mean reversion is always a good idea.

First i wanted to say that you cant have an opinion on why trading is so hard because you havent made it to the other side, so you cant posibly know what makes it so hard cuz if you did you would change whatever makes it hard and you would be on the other side, it should make sense. But than i got to the part where you talk about "running data in finding edge" and some 55/65% winn rate i guess you talking about, anyhow thats a b.s and the fact that you dont know that by now it makes sense why you think you know why trading is so hard, im curious about your years of experience in this game but more about how manny hours have you put into this. Anyhow if you could just backtest and find a strategy that way by filtering what works and what doesnt (winn %) with the help of technology, what works in the end you could just blackbox the sh1t out of them and your financially free for the rest of your life just like that ? cmon, you should know better than that.

Human beings have a peculiar tendency to ignore simplicity, and only value things when they are complicated. But greatness lies in simplicity. The market goes up and down constantly. You position yourself to ride the green(or red) and get off before it goes in the opposite direction. Do that over and over. Thats it. Cryptos are not predictable, but stocks are less volatile. They go up, and they go down. Just wait for it. Let it come to you. Theres no need for all these wild strategies. Keep it simple. Theres a thousand and one diets to choose from, which may or may not work for you. But essentially if you move a lot and eat a little, you WILL lose weight. It doesn't matter if you like what you're trading or not. Take your emotions out of it and remember you are there to make money, and nothing else.

The amount of faith people have in Bitcoin and cryptos in general is religious zealot level. Its quite fascinating to watch. No matter what angle you look at it from, its just not wise to have everything in one instrument, and im a precious metals guy...

Daytraders fail to understand the short time horizons they're trading on are RANDOM price actions. And they fool themselves that they aren't random by looking at past candlestick patterns. Putting your money in the market is a thesis test and whether you're profitable should be some indication on whether your thesis is correct or not. You have an entire channel dedicated to LOSING money over multiple years, yet you think your thesis remains correct. Wipe the slate clean bro, untrain yourself from all of this daytrading bullshit. Also it's funny that you bring up mentats, they'd be able to quickly tell you that day trading is bullshit.

IDK why this video was recommended to me, but bro you're dead wrong. Change your mentality or go broke.

Sounds more like gambling.

Bro chill it’s a bull market with so many catalysts. Should sell this year though

you need to google the efficient market hypothesis

Do you think there's an amount of money lost that would convince you that daytrading isn't a real thing? Or do you forsee yourself just carrying on and giving it a try? I dunno, just been thinking about this for a few days...

I have a question, what is the difference between losing 8x more than your daily maxloss "losing your discipline and getting emotional" and losing 8x more than your daily maxloss "holding the line, being disciplined and having emotions under control"? Dude you do not have an edge problem, you simply do not understand fundamentals of being profitable.

i hope youre not fucking with money you cant afford to lose, for your family's sake

You need the adrenaline from daytrading. This is not good.

Find more edge

keep it up

If you get a job will you give up trading?

Umm, why are you trading futures if you have no edge? Why not trade a proven system that works in stocks......make it make sense...

You ever thought about taking a shot at trading perpetual swaps (leveraged crypto futures)?

You also arent a hedge fund or prop firm moving hundreds of millions of shares a day actually affecting the candlesticks (at least i assume you arent). We arent in control, we just ride the wave, I just assume none of its logical and always set a 2% or 2.5% stop loss every trade. But I only swing trade, holding for a few days/week. 30min/1hr/4hr time frames. I absolutely hate trading low time frames.

It’s not gambling. Don’t let the uncertainties trick you into thinking it is 💯 Stay solid‼️ Est

Algorithm brought me here. Never traded idk what you’re talking about. Good luck 👍 99% of gamblers quit before they hit big

You're 💯 right about backtesting, especially longer term systems. It's easy to make one look highly profitable and robust... only to launch and watch it fail immediately.

been watching some of ur vids, like the transparency, but curiosity, are u profitable?

Hedge funds don't use brokers... they use LP's. To set-up at this level you need large starting capital. But you can bypass brokers :)

bro you aint smoking your cigar right, search up how to light it properly

What % of the account would the 10k loss be?

Markets only trend 10% of time

"When should you run a martingale?" "not even when you have +EV"

You use a martingale strategy when you want to sound smart and pretend you aren't gambling at -EV

I tried Martingale when I first started trading, never again. If you lose a trade that means you were wrong. The price could stop you out and reverse to your TP, but that would mean you have a stop-loss problem. You know your trading better than me. But I would advise to stay completely away from Martingale. It's way too risky in my opinion. Bigger risk does not equal better trading.

Never apply Martingale Peasant.

I know the feeling man, its horrible, but... I guess.... your emotional status stands in the way rn, thats all! Dont want to be that guy, but take a break and then start with finding more edge like orderflow or a mentor. I know a very good mentor, his name is...just kidding. Totatally different approach if saying "I still lose, I am desperate..." all negative, brings you and mind down. This is better...I know the basics, I know it can work, I will find that edge.

Traders who took the other side of your trades are not "lucky". Do you think that Paul Tudor Jones, John Moulton, and Jesse Livermore were lucky for decades straight? No, they were not. They have an edge. A couple of days back you hit a max loss of over -2000$, closed the computer and walked away, the next day saying you turned it back on making it even worse -5000$. This IS a behavioural reason for not being profitable. You don't have discipline, and your risk per trade is all over the place, sometimes risking 150, sometimes 1500, no wonder ending up negative. You can make money by flipping a coin not having "an edge". But you are not making money flipping it by risking sometimes 150 and sometimes 1500 as you do, even taking 5 risk : 1 reward having less than a 50% win rate.

What about RSI?

Now you are on it brother! Dont trade the most efficient markets, trade the inefficient ones. You can do this.

Right decision. And check news schedule to avoid randomness. 😎👍

Discipline improving, good job. “It’s ok to take the red day”

got mad respect for you PA. you’re a real one

Same amount of money in the end IF they have the same number of trades per year. In reality, the systems with lower win rate and higher risk/reward tend to have much higher expectancy due to the psychological difficulty in having a low win rate system. Most people can't do it and go for the higher win rate system.

Good job today 😎👌

You ever thought about counting cards

What are you actually saying? Why are you outside in the cold?

Pleased you stopped 😎👍 + I hope no off cam action today

excellent video!!!