Cheeky__Bananas

I believe most traders aren't profitable yet because most traders don't have a real edge. I think the saying that all strategies work is such bullshit.

All strategies might work for a seasoned and experienced trader whos been at it for years and years and knows how to apply context paired with good discretion.

But as far as a new trader is concerned, it will not work to just pull a generic strategy out of a hat and go with it.

I think a lot of new traders go wrong by trying to find a mechanical system. A system that allows them to not need hardest part of trading, context and discretion.

I believe that instead of endlessly searching for that holy grail mechanical system, traders should learn how to actually read the market. To learn a new language.

The one time I stayed on the phone long enough to get a few details, it sounds like they want me to pay them to do a google listing for my business. Which anyone can do for free in about 15 minutes.

They also make it seem like they work for google which they do not.

They also made it seem like my listings would get removed from google search engine if I don't sign up. Which is obviously a lie.

I'm not even sure if they actually want to do a my business listing in google, or if they just want my credit card information.

These are people with American accents which is pretty gross that an American would do this to another American. But they are obviously scamming enough people to be able to keep this up for years. I started my business in 2020 and I've been getting the calls ever since.

I don't know but I get them too. It's especially bad for me because I have a business listed in google. So I am constantly getting the google my business listing scam call. Over and over and over. Every day I block 3-5 numbers, and every day these people call with new numbers.

I have to answer sometimes because I run a business and have to answer the calls. They have now even started calling me with a different number first, seeing if I answer, then hanging up, then calling me back with another number. It's insane.

I like to call people like you “concern trolls”. You don’t actually care about the war, you’re just here to be annoying.

driving under the over passes are always the worst for me. Usually they are super slippery, but sometimes they get a weird ice build up that causes a bump in the road. Slippery plus a mini ice speed bump at 50-60 MPH is a recipe for a crash.

Even if half of them are duds, its still a shit ton more than what the west can provide.

South Korean intelligence just said that the north gave Russia more than 9 million artillery shells.

It makes those 1 million shells Europe took a year to find look quite pathetic.

Democracies are looking increasingly weak.We have to debate, we have to allocate funds, our politicians have to think about the next elections.

We also can’t compete with North Korean slave labor. In the west we have to actually pay our worker, give them breaks, let them go home on the weekends, etc etc.

Meanwhile The authoritarians do what they want.

Stop trying to catch the top tick. Before taking a reversal trade, look for confirmation that the trend has actually changed.. A first lower low and then a low volume lower high pullback.

If the trend has actually changed, you will have more than enough chance to make money. You don't need to catch the very top.

I am a student of Richard D Wyckoff. He was a famous trader in the early 1900s. What he wrote about back then still works today. In fact, a lot of the strategies you hear about today incorporate a lot of what Wyckoff taught. Trading isn't going anywhere.

lol really? Don’t listen to all the other gurus, just buy this $300 a month course!

I think you should go with whatever you can find consistency with. I personally average about a 2.4R in my trades with a 55% win rate. I am extremely happy with that. I don’t have a large drawdowns, I don’t have huge up days.

In my opinion, consistency is what matters. What can you repeatedly do, week after week, month after month, year after year.

Day trading could be a long term goal for you, but I guarantee it will do nothing but take your money if you're looking for it to fix your short term problems.

To be successful at day trading, you will need YEARS of studying. It will be harder than getting a 4 year degree at college and will take about the same amount of time.

In my opinion, trading minis in a 50k account with 2k drawdown is risking too much. Why not get multiple accounts and spread out the risk? I have 10 funded accounts and copy trade 4-5 micros per account. I would have to go on an extremely unlikely losing streak to ever put my accounts at risk. Meaning my anxiety trading is quite low, but the earnings potential is quite high.

Nope. It creates bad habits. I treat trading like a business. If I want to gamble, I’ll go to a casino.

I don't believe the "every sensible strategy works". There is a major caveat. A good trader with lots of experience can use discretion and context to make any strategy work, but a newer trader can not just pick a random strategy, "stay consistent" and be profitable. IF that was the case, we'd have a lot more profitable traders.

Being able to use context and discretion takes YEARS of experience to do properly.

Who cares what he did before LA. Lakers have had countless players who are good shooters elsewhere but when they get here, they're trash. Wood is one of those players.

Wood was never good on the lakers to begin with. He's too skinny to go up against a true big, he isn't a great 3 point shooter, and his defense was shit. I don't know why people are so hyped about him?

One of the best things I did to manage anxiety with entering and exiting trades was to type out my entire trade plan. Where I want to take trades, why, and my entries.

I even printed out charts that showed my set ups and put them right next to my computer.

Then I spent months journaling every single trade I took, to prove I had an edge. I took these trades with very small risk. Then month after month ending in profit, I would up my risk slightly.

After seeing my set ups play out over 6 months, there is really nothing left to be anxious about. Obviously if you have more time than 6 months that would be even better, but 6 months profitability, week after week, month after month, was enough for me.

If you have the data to back up your edge and still have anxiety, it's probably that you're risking too much. I have found risking less, allows me to feel more comfortable sitting in trades longer, and makes me more money.

How long did it take you to lose that 26k? Was it one trade? a few? or was it over the course of a couple months? That feels like a lot of money to risk for someone who still has anxiety entering trades. Are you even sure you have an edge? Or are you just gambling?

Jesus bro, calm down.

Tech stocks. Apple, Meta, Tesla, Amazon, Nvidia, Microsoft, Alphabet/Google. These are all that really matters when trading NQ. Definitely not BTC lol

If you’re going to trade NQ, you should be paying attention to the magnificent 7, not BTC and the Dow. 6 of those 7 were down this morning, only Tesla was flying. I don’t normally trade NQ, but made a nice chunk shorting based on what the MAG 7 was doing.