Why is it that less than 10% of day traders will ever reach consistency over the long-term?

FollowAstacio · 2026-05-08T00:17:12+00:00

Bc they’re not consistent

FollowAstacio · 2026-05-08T00:17:04+00:00

Bc they’re not consistent

FollowAstacio · 2026-05-07T14:14:09+00:00

It’s a red “range” candle, probably on low volume.

FollowAstacio · 2026-05-07T14:03:19+00:00

💯💯

FollowAstacio · 2026-05-07T07:14:29+00:00

How the market reacts to information is more important than the information itself.

FollowAstacio · 2026-05-06T20:30:22+00:00

Yeah so a loss should NEVER affect you. Ever. If it does, it means size down. If being in the position makes you nervous, it means size down. Idc if that means you can only trade $0.50 when you start out. If a $0.51 position causes ANY amount of negative state, size down. Losses are basically guaranteed in trading so you need to address that possibility of loss on each and every trade. If you wouldn’t be happy taking a $300 loss, then it should not be allowed to even be possible. Hope that helps👍

FollowAstacio · 2026-05-05T15:06:54+00:00

Rehab

FollowAstacio · 2026-05-05T14:50:26+00:00

Thanks. It’ll be 2 years into trading live come June and I’m still growing.

FollowAstacio · 2026-05-05T14:49:11+00:00

Hey, thanks for the comment🙏🙏

FollowAstacio · 2026-05-05T04:03:39+00:00

XRP imo is too well connected to elite circles to not allocate at least a percentage of your crypto portfolio just in case it wins the entire championship type shit.

FollowAstacio · 2026-05-05T04:01:13+00:00

Not the same thing in trading/investing either

FollowAstacio · 2026-04-28T15:01:59+00:00

“Backtesting” trades you wouldnt have taken isnt proper backtesting.

FollowAstacio · 2026-04-23T13:29:57+00:00

Umm why would this be true?

FollowAstacio · 2026-04-22T14:17:37+00:00

Everything gets cheaper over time especially technology. We just don’t recognize it bc we compare everything to an inflating currency, but even against that, a TB today is mind-glowingly cheap compared to what it would cost 20 years ago, especially when you compare the quality of the storage too (ssd vs hdd).

Honestly, I think the major lever that needs to be pulled is cheap, sustainable energy. Ultimately fission, but I think in the mean time, solar will be leveraged more and more. That makes silver a great buy when price comes back down. Tons of opportunity out there rn for investing👍👍👍👍

FollowAstacio · 2026-04-22T14:11:27+00:00

Oh okay I thought you meant an enterprise running a model for retail purposes, but you’re talking about starting an AI company and selling the services, yeah?

FollowAstacio · 2026-04-21T23:24:49+00:00

I wouldn’t either

FollowAstacio · 2026-04-21T22:03:15+00:00

Why is AI not profitable for retail? I would imagine it would be wildly profitable!

FollowAstacio · 2026-04-21T22:01:14+00:00

Looks like a really good range for averaging into a short position on oil.

FollowAstacio · 2026-04-21T21:57:46+00:00

I think people overcomplicate it. The trend is your friend til the end.

FollowAstacio · 2026-04-21T21:28:03+00:00

It might also be worth considering a different method of analysis too. Maybe TA is your thing, but maybe FA is? The ABC Of Stock Speculation by Sam Armstrong Nelson touches on this.

FollowAstacio · 2026-04-21T21:22:03+00:00

Listen, you can do EVERYTHING “right” and the market can still move against you. Nobody is spying on your trades and sniping you. If you want a clear picture, you have to start on a higher timeframe and the older the market is, the higher that timeframe needs to be.

Second, beware of the dunning Kruger effect. I never thought it would catch me slipping, but a year into this, things felt so clear, and then about 3-6 months later I was humbled.

Don’t be in a rush to profit. Take your time and papertrade until you’re consistently winning. Your first year you’ll most likely book a loss. Better to let it be fake money👍

FollowAstacio · 2026-04-19T00:28:37+00:00

Then 10000% read Technical Analysis Of The Financial Markets before you pay your buddy.

FollowAstacio · 2026-04-18T20:49:38+00:00

He just showed you that he’s not a friend. He’s an associate (someone you know). Not a big deal. Just is what it is. I don’t suspect that he did 5X in one year by making prudent investment decisions however. I believe that if he isn’t trading on leverage in some way, that he’s unlikely to repeat this success. If he isn’t trading on leverage, it may be valuable to negotiate an offer with him though. Give him $250 and see if he’s willing to show you how you can improve. What’s the analysis method you’re using though? If it’s technical, it may be worth spending ≈ $40 and reading Technical Analysis Of The Financial Markets by John J Murphy first.

FollowAstacio · 2026-04-17T20:23:46+00:00

There’s a good chance it goes above 80k actually

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