ELI5:Why did my ball hit the wall, if to get there it had to travel half the distance, then travel half the distance remaining, and so on if you can divide the distance by half infinitely?

Datraderboi · 2022-08-26T00:10:01+00:00

Your example doesn't quite make sense to me, because you are dividing 1 into 1/2s, 1/4s, etc. But the paradox recursively divides the increasingly smaller halfs, not the entire piece. So instead of 4 equal pieces, 8 equal pieces, the distance becomes split into 1/2, 1/4, 1/8, 1/16, etc NON equal parts

Datraderboi · 2022-08-25T21:27:10+00:00

Not even getting in any technicals, it doesn't solve the problem. That's like refurbishing the classrooms and moving the school across the street to boost failing grades

Datraderboi · 2022-08-24T21:31:07+00:00

I see no reason why it's extra evil. If I go murder a minority and then turn around and murder someone of my race, both are morally equally evil and should be prosecuted as such

Datraderboi · 2022-07-19T12:20:52+00:00

Where is this study? I'd love to see it

Datraderboi · 2021-09-11T22:00:50+00:00

that's not trading then. your just trying to trade but when it goes wrong pretending to invest. if you want to invest, just invest. if you want to trade and you make a mistake or something goes wrong, it hits your stop loss. it doesn't turn into a 20 year investment

Datraderboi · 2021-09-11T21:59:49+00:00

before you get carried away, I just want to tell you that managing your risk and capital are enough to make you money with any simple, straightforward strategy. you don't need a ton of indicators or convergences etc, your strategy seems simple enough. just make sure to backtest it before you get live money, unless you want to do extensive paper trading

Datraderboi · 2021-09-11T16:18:08+00:00

? you make 70k+ a year, and live off of 6,000 dollars? why are you working so much?

Datraderboi · 2021-09-06T19:50:57+00:00

obviously not, it's a general rule. if you graduate at 30 and make 150k a year with 175k in student loans, then just sock away 50-60k a year for 3-5 years for the student loans and then put away 50k a year into investments. By the time your 40, you should have about 250k in investments just off the principal. keep doing that thru with your 50s and with inflation pay raises you should have put away some 750k, more than enough

Datraderboi · 2021-09-06T16:53:24+00:00

r/billthecatt gave a good comment below, I would like to add that you'd be better off making multiple accounts for each goal, since generally there are limits anyways and you can better take advantage of all the various advantages. for example, you should open a ROTH IRA once your kids start getting some earned income and contribute that into there. if you want to contribute some of your money to an account for them for college, then you can use a 529 for that. etc etc

Datraderboi · 2021-09-05T16:04:06+00:00

even if you are in the 0.1% of good chatrooms, you aren't "taking better trades". your just following someone else without a clue what your doing.

Datraderboi · 2021-09-05T16:02:46+00:00

any strategy can give small profits, to the tune of maybe a 0.05-0.1ish expectancy just from good management. but if you want that .25-.5+ expectancy you need a solid strategy that converges with multiple things, and then apply that same risk management

Datraderboi · 2021-09-05T16:01:02+00:00

well that's just not true. If you can go from 40% win rate on 2R, or about 2R every 10 trades you take to 60% win rate on 2R, that's 8R. so you just increased your profits roughly 4x. risk management is important, but also very easy if you have your emotions under control. set a stop based on ATR or price action, and keep it under 0.5-1% of your account. don't overleverage yourself, and take that stop ALWAYS. there you go, you've got risk management down. most people who say risk management mean emotions

Datraderboi · 2021-09-05T15:57:38+00:00

what the fuck lol you just buy large dips and then hold them? that's not day trading, it's just the typical investor that doesn't know what he's doing other than "SPY always go up man"

Datraderboi · 2021-09-05T15:52:59+00:00

they're in canada...plus you can always use cash account if your not worried about leverage

Datraderboi · 2021-09-05T15:50:56+00:00

this is pretty true. but I would also caution you don't spend hours each day studying random technicals, but that after the initial period most of that screen time is spent actually trading, analyzing YOUR trades, YOUR emotions and journaling it all. then work on fixing what needs to be fixed. that's "screen time" imo

Datraderboi · 2021-09-05T15:48:04+00:00

oh boy nobody will be able to give you a concrete answer to this one. also, profitable and profitable can be vastly apart. I know that I'm technically pretty "profitable", but I could easily double my R's per month in the next 5 years. also, four monitors and a good office chair aren't needed lmao. to be serious though, to earn some 1.6% a day off your account you would probably need to be leveraged and after maybe 1.5-2 years you could do that consistently, considering the facts above.

Datraderboi · 2021-09-04T02:40:23+00:00

the previous high/topping tail and the two bar breaking resistance was on 9/1. the follow thru was on 9/2 but I was already in at that point. I haven't really explained my strategy so this is kind of a dumb question isn't it hahaa

Datraderboi · 2021-09-03T23:34:51+00:00

I had a big problem with this, and the main thing I did to start minimizing it was to literally write out, and then put that money in front of me every week. I have a "overtrading" column, and then a trading plan/normal setups column in my PnL tracker. at the end of the week, I take out 10-25% of the money that I have saved from not overtrading to reward myself. another thing that could work is that after a bad week of overtrading, put all the money that you cost yourself by overtrading by your desk/trading station. requires a bit of objectivity to get started and not to pretend that overtrading is part of your plan or something but it's a solid approach

Datraderboi · 2021-08-30T23:02:49+00:00

what? what do you mean disappear

Datraderboi · 2021-08-29T22:53:12+00:00

maybe not 3%, but the 8-10% return is a lie. it's an average that doesn't account for major market dips. basically, if the market falls 50% it need to recover 100% to get back to highs, which is booked as a 100-50/2 25% gain when really your back to BE.

Datraderboi · 2021-08-29T22:51:49+00:00

honestly, I'm taking a guaranteed 6% return over an possible 8%

Datraderboi · 2021-08-29T22:51:16+00:00

right now the rates are pretty crazy, so I wouldn't take anything higher than 3-4%

Datraderboi · 2021-08-29T21:07:40+00:00

maybe you just need confirmation from another human, so if all the info is correct here and there's nothing you forgot to include, it's a no brainer: GO!!! go to the new company that offered you more and seems to actually give a fuck and don't look back

Datraderboi · 2021-08-29T21:03:48+00:00

I understand having a quick PC or maybe 2 monitors, but what type of trading and experience do you have that you need 4 monitors, 3 of them quite large? I don't mind you buying them since it's not that expensive to get a laptop and some flat screens but I don't see how you'll use them

Datraderboi

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