I was going well until I wasn’t as well. Did it professionally for a year and only lost money (after training on a simulator for a year) Saw guys around me blow up far bigger accounts than mine in one trade. Too many external factors involved in the market. Dangerous game and 97% or more accounts get wiped out. Only the big boys and banks make money. Need big money to move the market otherwise you’re just gambling and praying. Praying is for poor people. (Praying to the markets that is) And then you might be in profit and get stopped out (if you use stops). I almost get nightmares thinking about the 7am dax/fesx opens.
I think there’s a few guys here making consistent returns and more power to them if they found their edge. Nobody will tell you how to make money either as they’ll give away their edge
Agreed
Just dump or DCA (depending on your liquidity) into the large indexes and ignore the short term rides works better over time for most
I mean look at Nvidia, who would have geniunely predicted a couple of years back what would happen with that stock. But if you are in the S&P & NASDAQ etf's you caught a lot of that ride without having one iota of a clue how to even spell its name, let alone what it does and what its transformed into, along with the rest of the Mag7 that so many were writing off at the start of last year as set to head down. The reverse trend holds equally true in that you are not left holding an outsized position in a former star turned dud
And of course you dont then need to pick the
next unexpected out-performer/sector trend, or the next after that, ad infinitum
I enjoy market talk, but as far as my actual dollars dont go near short term trading
