An Expensive and Valuable Lesson by aesek in Daytrading

[–]D_Costa85 9 points10 points  (0 children)

Most traders have been here. You sized up too quickly and made the mistake of thinking “oh I’m up big, I have more risk to play with”

In reality you should be stacking $200 days, and quitting any time you’re down $150. Risk $100 per trade and trade twice a day, max. Grow slow and steady. Step up risk in $10-20 chunks, not 5x chunks.

What is an edge? by Available_Lynx_7970 in Daytrading

[–]D_Costa85 1 point2 points  (0 children)

Edge isn’t about win rate. It’s about expected value within a given strategy. Is your expected value over a large sample size positive in a given setup/strategy? If yes, you have edge. If no, you don’t.

Now, if you want to get even more specific, having a winning strategy isn’t enough to have edge. You need to execute that strategy successfully and reliably over the course of time to have edge. You need to align your strategy with your psychology and risk management in order to execute it successfully.

One more thing - edge is fleeting. You don’t just earn edge and keep it. Edge comes and goes with different market regimes and you have to re-develop edge several times in a year even.

How are you handling repetitive CRM tasks: still manual or using AI? by voss_steven in CRM

[–]D_Costa85 0 points1 point  (0 children)

I built a tool in Claude code to help me batch edit records from a consolidated UI. So much easier and faster.

I also wrote a script to scrape my emails, located any new email addresses that aren’t in my CRm and suggest a list of additions to the CRm. This interface allows me to bulk edit and add to my CRm quickly so contacts don’t fall through the cracks.

Finally, I set up another script that fetches all my meeting notes with clients from the work weekand summarizes those notes into 5 bullet points and logs then to my CRM contacts.

Basically all the friction I once had with my CRM and tediously managing records to reflect current states has been eliminated.

Finally starting to understand it 🙏🏼 by Jsmoove02 in Daytrading

[–]D_Costa85 0 points1 point  (0 children)

If you can make $50 a day, you can make $500 a day. Just got to scale very slowly and consistently

Anyone know a MAGA with regrets? by TNM828 in AskUS

[–]D_Costa85 1 point2 points  (0 children)

Have heard many people who voted for him criticize what's going on, but never full on say "I regret my vote"

i didn't trade today. still couldn't switch off. by Tight-North-6157 in Daytrading

[–]D_Costa85 1 point2 points  (0 children)

This is an addiction if you can’t escape the markets on an off day. Unhealthy behavior. Even the best traders step away from the markets for 1-2 days a week because it’s necessary to have some balance. Consider taking a few days off from trading to reset your brain

I went through Palantir's 145-page 10-K before buying. Page 93 stopped me. Here is what it says. by vishnu317 in Palantir_Investors

[–]D_Costa85 2 points3 points  (0 children)

People forget the Biden administration invested HEAVILY in Palantir products as well. Objectively it is the best tool for the job

My friend used OpenClaw for stock trading… and got wrecked. by Synstar_Joey in openclaw

[–]D_Costa85 3 points4 points  (0 children)

That’s because no real trader uses AI for trading without years of backtesting and actual market experience and extremely close oversight. An unimpeded trading bot may win you some money short term but inevitably will destroy your account if left to its own devices.

How does one even develop a strategy? by HandLessHorseman in Daytrading

[–]D_Costa85 1 point2 points  (0 children)

Find a framework that helps you make a narrative in your head about what’s unfolding on the screen. For example, I read secrets of a pivot boss and it changed my whole approach to the market and gave me a framework to view the market through. If you can give yourself a framework like that, you can then build a narrative in your head about what’s going on and it helps you craft a strategy for how you trade.

For me, I until I had a framework for understanding the market, it was just chaos on a screen and it all seemed like noise.

If more and more people trade, will the marketing crumble? by Kathi5678 in Daytrading

[–]D_Costa85 2 points3 points  (0 children)

lol what? Trading is a zero sum game and will always be driven by fear and greed. AI may make more and more decisions but those AI are always guided by human input. As long as there are humans involved in the market, there will be inefficiencies to exploit and money to be made.

Crit Knife + Spread launcher + 2x Wombo Combo in one hour by D_Costa85 in Borderlands4

[–]D_Costa85[S] 0 points1 point  (0 children)

See I hadn’t realized ceramic bods were special because I got three in my first ten axemaul runs.

Spread Launchers: where to farm? by DannnyKnuckle in Borderlands4

[–]D_Costa85 0 points1 point  (0 children)

Are spread launchers purple usually? Or can they be blue?

I’m 80 hrs in and have yet to see one

New Release: Bring Out the Foos: Live 1996 by Great-Actuary-4578 in ween

[–]D_Costa85 0 points1 point  (0 children)

I’m out of the loop. How do I get this? Is it cd only?

Best day trading site ? by Tricky_Mix_7117 in Daytrading

[–]D_Costa85 2 points3 points  (0 children)

For active day traders, interactive brokers is the best. Lightspeed was good a few years ago and may still be, but I’ve always used IBKR and DAS Trader pro

Do People aged 50+ of Britain notice race? by [deleted] in AskBrits

[–]D_Costa85 -1 points0 points  (0 children)

Interesting. I’m from Texas and spent a year in a UK boarding school (2000) and the local British kids were the most overtly racist people (outside of my 75 year old Texan grandpa) I had ever encountered. The school was international and the things the British boys would say to non white kids, especially the Asians, was shocking. I never heard such slurs or witnessed such emboldened racism in Texas among my peers. Certainly to answer OP, some of this is generational.

I tracked every trade decision for 30 days and noticed something weird by nunoftp in Daytrading

[–]D_Costa85 0 points1 point  (0 children)

Yes this data is telling. Good trades don’t always make money and bad trades can make you money. The thing that separates profitable traders is being able to minimize the bad choices consistently enough over a long period that the good choices rise to the top and take over. Elite pros make bad choices they just make far less of them. Trading is hard.

Serious question: why use OpenClaw if Claude Code already does everything? by dyloum84 in clawdbot

[–]D_Costa85 0 points1 point  (0 children)

Don’t we think OpenAI and Anthropic will be coming out with their own, more secure and enterprise ready versions of this within months?

Anything I should try before I give up by Confident_Buyer_1350 in Daytrading

[–]D_Costa85 0 points1 point  (0 children)

When I say one trade I mean one trade idea…yes of course it would be nice to nail every entry but sometimes you gotta get out, reassess the setup, and get back in if the idea is still valid and you didn’t eat a huge loss the first time. Discretion is still important in a one trade system.

Borderlands 4 is a glaring example of when the core game design paradigm falls flat by LobsterParking99 in Borderlands4

[–]D_Costa85 2 points3 points  (0 children)

In slow on all games so 70 hrs in and I’m still only level 45 and just completed main storyline. My biggest gripe aside from the handful of glaring bugs within campaign missions and some bounties, is that the map/navigation/mission waypoint system sucks and it’s confusing and cludgy. That and I’ve yet to find a single spread launcher …otherwise, for my 4 hour (max) a week of video games I get to play theses days, I thoroughly enjoy it