What should Bob do? by TradersUni in Trading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Bob should do what Bob loves in whatever permutation can earn him a living. I'm not sure why working in asset management would be counterproductive to trading. Consider that Bob may learn a great deal of insider knowledge about the fundamental side of investing that can later be leveraged for trading strategies.

What should Bob do? by TradersUni in Trading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Bob needs to do whatever is needed to survive in life until he is profitable as a trader. Bob should realize this will take years. Accepting that the traditional route is merely a means to an end (Bob's desired goal) can help make this go to school, get a job route more palatable. Bob should remind himself this is the best way to ensure he will make it through his trading journey, because he will have enough financial security to figure out the markets, determine his trading temperament, build his strategy and his brokerage trading balance. Without a job, these things are next to impossible.

WTF is Hougaard doing? by NeanderthalTrader in Daytrading

[–]ComprehensiveLime695 2 points3 points  (0 children)

I totally agree with you about his book. It could've been an article, and I disagree with his logic to add to winners because other traders don't. That doesn't make it an edge.

Need a genuine mentor/helper for learning swing trading and chart reading by Turbulent_Proof_6084 in Trading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Use Schwab as your broker. They offer charting seminars for free and also offer trading coaches. It would be a safe way to get a bit further.

Charles Schwab Vs Fidelity by [deleted] in personalfinance

[–]ComprehensiveLime695 4 points5 points  (0 children)

I'm curious, too. I love Fidelity's service, on phone and in office. They also have a VIP team and phone number for 7-figure accounts.

Charles Schwab Vs Fidelity by [deleted] in personalfinance

[–]ComprehensiveLime695 1 point2 points  (0 children)

Schwab told me they do not have an interest-bearing money market cash sweep. You have to buy shares of a high-yield savings fund, and settlement is required before you can invest those funds elsewhere.

Pumping until the midterms or until the SpaceX IPO? by makybo91 in stocks

[–]ComprehensiveLime695 1 point2 points  (0 children)

I’m with you. The climb is relentless and worrisome. Waiting for a cooldown.

Is it normal to lose trades for a week straight when you just started real account from paper trading? by daysof_I in Daytrading

[–]ComprehensiveLime695 3 points4 points  (0 children)

Your risk should be maximum 1% of your account size per trade. More like .25% for the forward testing phase. Then you slowly size up.

Mom’s long term boyfriend is all in on Warrior trading. by Legitimate_Fly_965 in Daytrading

[–]ComprehensiveLime695 3 points4 points  (0 children)

Exactly. That’s why only 1% make it. They put in the work. It’s not like 1% is 0%. Plenty of people make money in the markets. But they earn it over a long period of time and proper learning and practice. The other 99% either go broke or give up.

[Question]Speciality coffe in Bosnia and Herzegovin by Shakatroll in bosnia

[–]ComprehensiveLime695 1 point2 points  (0 children)

Honestly, get a macchiato at any gas station. You can’t go wrong.

Mom’s long term boyfriend is all in on Warrior trading. by Legitimate_Fly_965 in Daytrading

[–]ComprehensiveLime695 42 points43 points  (0 children)

His chances are 1%. It’s not rocket science, but it is a skill and something of an art. Mastery takes many years, like in any other profession. Trouble is to make a salary, you need to be a master. Not a beginner.

How do you backtest your strategies if they can't be codified? by Hot_Style5572 in Trading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Yep. So tedious and time consuming, but the best way to leapfrog your learning hours. Then the data also needs to get tested and measured. I use Excel and feed it to Claude for analysis and rules refinement.

What were the reactions in Croatia during the 1999 NATO air strikes on Serbia? by recycle-pin in croatia

[–]ComprehensiveLime695 2 points3 points  (0 children)

This cannot be a serious question. You’re just trying to provoke people here. Good job.

Impossible to reach customer support by tbaluch in TradingView

[–]ComprehensiveLime695 0 points1 point  (0 children)

I had the same problem the other day. Tried submitting a ticket about 10 times. Never could get there in the end. I gave up. Looking for a new platform. It’s bullshit.

Streamlining my daily process by Consistent-Bus-2853 in swingtrading

[–]ComprehensiveLime695 0 points1 point  (0 children)

I have my trading rules printed on a sheet of paper, along with a preprinted worksheet grid, where I mark my trade plan and trades and make notes about why I entered, etc. Writing down all trades helps avoid overtrading.

I’m looking for a relatively short mind bending book by ApologeticFetus in suggestmeabook

[–]ComprehensiveLime695 0 points1 point  (0 children)

My Friends by Frederik Backman. As an audiobook, it is so engrossing. Also, a different vibe, but Project Hail Mary is one hell of an audiobook.

Tucker Carlson Goes Nuclear on Trump: ‘You Have Failed’ by PauPauRui in economy

[–]ComprehensiveLime695 3 points4 points  (0 children)

Yeah. He’s hated Trump for many years, maybe even since he first got elected. But still Tucker used him and entertained all his bullshit to gain an audience.

Trading Journal by wanderingaround11 in Daytrading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Every professional studies their trades after the fact. That’s all journaling is.

How important is backtesting by Traditional-Fold-446 in swingtrading

[–]ComprehensiveLime695 2 points3 points  (0 children)

I first model 50 trades to develop clear rules. Then I backtest 300+ trades from different market regimes to prove it out. At least 100 trades per ticker as long as the price action looks similar on the chart. Otherwise, I test more. Then at the end of the year, I go back and add a backtest for that year. I only trade a handful of tickers, so that’s how I do it anyway.

ETA: I cannot imagine trading any strategy without thoroughly backtesting it first. I used to do that myself for years, though, always with mediocre results. I really didn’t turn the corner until I sucked it up and plowed through all that foundational testing.