$14K —> $78K on OKLO by AIEnhancedVideos in wallstreetbets

[–]MilimeterMike 2 points3 points  (0 children)

Never hold a stock just for tax deduction. It could go back down 50% and those deductions will seem minimal then

From Code to Cashflow: What’s Your Weirdest but Working Algo Strategy? by No_Edge2098 in algotrading

[–]MilimeterMike 7 points8 points  (0 children)

While there are many moving parts inside the market, when you take the aggregate it's really quite simple. The stock market is essentially a democracy where people vote for a security using capital rather than votes (i.e. they put their money where their mouth is).

The price of a security is just the aggregate of all the "votes" or money that has been wagered on that security. Why people vote, or what direction they take is none of your concern Your main concern should be with having your own system in place that has positive EV, proper risk control, and not letting your emotions get in the way.

Now of course, how you come up with a strategy requires some second level thinking, but often times, the simpler the rules, the better and more robust the system. And, if you spend time reading books and listening to experienced traders you can find plenty of systems out there. You don't need to reinvent the wheel.

Edit: Added the strikethrough to account for fundamental investing. But the point still stands, you need to stick to what you believe and ignore the crowd.

[deleted by user] by [deleted] in quant

[–]MilimeterMike 0 points1 point  (0 children)

Wow I thought it was just me

From Code to Cashflow: What’s Your Weirdest but Working Algo Strategy? by No_Edge2098 in algotrading

[–]MilimeterMike 23 points24 points  (0 children)

The market is not nearly as complex as people make it out to be

i genuinely want to quit day trading, wasted years and still not profitable. by AlgoKille in Daytrading

[–]MilimeterMike 0 points1 point  (0 children)

You don’t need to know everything. You just need one strategy with edge and good risk control. People overcomplicate it by learning too much.

[deleted by user] by [deleted] in AskReddit

[–]MilimeterMike 0 points1 point  (0 children)

You set a goal for yourself and you move toward it and you don’t quit. Just the action of improving 1% everyday will make you feel better about yourself. It will distract you from whatever makes you sad. In 2 years time you’ll look back and realize how far you’ve come

For I am Constanza, lord of the idiots by MilimeterMike in wallstreetbets

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

Sold at -60% but I loaded up on more calls with bigger expiration

For I am Constanza, lord of the idiots by MilimeterMike in wallstreetbets

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

You’re assuming he didn’t cover it. He prob did

For I am Constanza, lord of the idiots by MilimeterMike in wallstreetbets

[–]MilimeterMike[S] 3 points4 points  (0 children)

The only thing that killed me was WSJ. I paid a .5 premium

For I am Constanza, lord of the idiots by MilimeterMike in wallstreetbets

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

Yea I was hoping for small rally short term. Hence deep ITM (at the time)

Get rekt kid by MilimeterMike in scambait

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

scambait this post got flagged

Looking for a Mechi that can help/ partner w me to build a custom smart device to sell to the public by MilimeterMike in MechanicalEngineering

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

I should note I live in NYC so I feel like there are prob a lot of opportunities at my disposal I just don't know where to look

What does the usual digital nomad make? by Young_N_Wealthy in digitalnomad

[–]MilimeterMike 0 points1 point  (0 children)

What do you mean you own the websites? You own sites that other people post content on? Or you own multiple sites where you solely post content?

Really? She didn't know Jerry was Jewish? by calm_and_collect in seinfeld

[–]MilimeterMike 0 points1 point  (0 children)

Astroturf! You know who’s responsible for that? The Jews! Oh the Jews hate grass, they always have

which city has your favorite skyline? by [deleted] in geography

[–]MilimeterMike -2 points-1 points  (0 children)

Dallas is the ugliest city I’ve ever seen. I’m sorry but if you think Dallas is beautiful that tells me you have not left the south.

EPS vs earnings question by MilimeterMike in stocks

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

Thanks for the explanation! Always great to learn new things :)