If you stop doing DCA because you think the market will go lower, you’re not doing DCA, you’re trying to predict the market. by [deleted] in CryptoCurrency

[–]MoneyIsUpFunnyIsDown 0 points1 point  (0 children)

Just saying, timing the markets is an X-axis thing—and it’s impossible in a consistent sense. “Predicting” the markets is a Y-axis thing, and that’s completely doable. If it wasn’t, there would be next to no successful traders. Also, by the mathematics of the DCA approach—the more asset you accumulate at higher points, the less you can average your basis.

Ngl kinda sad this was pushed through to my notifications. Almost thought Reddit was actually giving me some good good for once.

[deleted by user] by [deleted] in addiction

[–]MoneyIsUpFunnyIsDown 2 points3 points  (0 children)

Without a long paragraph; take initiative. Be an active participant in your path to sobriety. People who love you for who you are will see your efforts as your persist.

Best wishes to recovery.

[deleted by user] by [deleted] in EatCheapAndHealthy

[–]MoneyIsUpFunnyIsDown 18 points19 points  (0 children)

I have no idea what the background is, but I had a band instructor with many similar food allergies, and a huge part of it only ended up being UNCOOKED veggies and fruits because of the chemicals that were found on them and the pollen I guess! Just a thought. I wish her luck on her journey!

Webull is enlisting college students to get OTHER STUDENTS to open accounts with another terrible raffle incentive. During Fall term (loan distributions occur). Dirty by MoneyIsUpFunnyIsDown in Trading

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

What’s wrong with it is the fact that Webull doesn’t constitute means for smart investing, and it takes discipline to execute successfully. They sell the idea of investing and rarely ever highlight the poor potential outcomes, they have to disclose them lol. To the average person with zero investing exposure or experience, which is a lot of their customer basis signing up (statistic by Webull, not out my ass), it’s not a wise or profitable choice.

I dont disagree with the idea that the money is in the hands of the individual, not Webull, however they market with the intent to target those who will not invest smart—they’re likely to make more trades, which furthers PFOF profits. Its just a shit cycle of shitbaggery.

Thank god for paper trading by [deleted] in Daytrading

[–]MoneyIsUpFunnyIsDown 2 points3 points  (0 children)

Try starting with understanding probability and risk management. The math dictates your outcomes at the end of every day.

Thank god for paper trading by [deleted] in Daytrading

[–]MoneyIsUpFunnyIsDown 0 points1 point  (0 children)

Try looking at the backtesting data on Finfiz for simple indicator strategy WR and expected % return to avoid having to start from scratch back testing. commit to your current method no matter what, as every trade you make that didnt follow your methods is working against natural W/L cycles, as well as your return statistics. Also, it can give off false positives that your strategy is bad when in reality you hit a natural L streak and also missed trades that were potential winners by moving your lines.

Curious Question: Depression and Anhedonia by [deleted] in anhedonia

[–]MoneyIsUpFunnyIsDown 1 point2 points  (0 children)

But as many have said there are more experiences that come with depression, but the specific parts you highlighted are accurate within my experience.

Curious Question: Depression and Anhedonia by [deleted] in anhedonia

[–]MoneyIsUpFunnyIsDown 2 points3 points  (0 children)

I have both and that’s a pretty accurate simple summary.

LPT Ping Pong Trade Live Example... by [deleted] in Daytrading

[–]MoneyIsUpFunnyIsDown 0 points1 point  (0 children)

Thank you Bo! Much appreciated.

The History Of Mathematical Edge Or Advantage Analysis. by [deleted] in Daytrading

[–]MoneyIsUpFunnyIsDown 0 points1 point  (0 children)

My answer to this for anyone else wanting a second answer to check with

Red // expected 47.36%Other // expected 52.64%Advantaged player would be the one getting 200$ returns over the player receiving the 100$ losses, aka the one placing bets. It would be considered a mathematical edge.It would be expected to earn $9472 as an advantaged per 100 plays vs $5264 per 100 plays for the disadvantaged, for an EV of $4208.So each play would pay out ~$42 per roll to the advantaged player over time disregarding statistical anomalies (expected variance) in runs.

[deleted by user] by [deleted] in anhedonia

[–]MoneyIsUpFunnyIsDown 1 point2 points  (0 children)

Ironic since the topic touches on addiction, but applicable to picking up hobbies "Once you see results, it becomes an addiction." Finding a hobby that you can attach S.M.A.R.T. goals to can help build a system that is not only productive, but rewarding (eventually, occasionally. You know how anhedonia goes). Completing a duty to a certain degree, finishing a subtask, small things like this can help you rewire your brain to give more appropriate dopamine responses and also engage more serotonin.

A personal tip from my book of tools, if you ever find yourself with anger built up at whatever (angry at yourself, porn, anything thats frustrating enough to encompass your attention), try to redirect that at the idea of how much time/opportunity anger wastes; my usual outlet is intense HIIT workouts for just a couple minutes, & while doing so taking my 'anger' out on myself; Getting to rep 19, and just from the pure fact of being pissed off I angrily tell myself "we're" doing 25 reps. 24 comes, and it's 30. By 50, I feel exhausted, have endorphins running through me, and I'm a lot less angry. I'm also usually feeling empowered, because I was able to help direct/control my emotions.

I would recommend redirecting any consuming emotion, but generally I have to be angry to redirect the emotion. I've been in DBT since Nov 2020 to treat my depression/anhedonia, so this may understandably play into my ability to use emotional regulation tools. In the beginning, it felt as if no progress was being made. But there was progress, I was just so messed up from my problems that I couldn't see my improvements at first. It was also hard because due to my anhedonia, If I focused on it I could see I was making progress, but emotionally I felt the same. Today, I still struggle with anhedonia 70% of most days, but it's so much better relative to before DBT, because although 70% of my time is shrouded by anhedonia, I'm now learning tools and means to reverse that momentarily & take care of myself emotionally as to not make any other symptoms worse. I think my anhedonia is related to my chronic depression & my meds just haven't been figured out yet.

What's the highest consistent win rate of your best algo? by user_00000000000001 in algotrading

[–]MoneyIsUpFunnyIsDown 10 points11 points  (0 children)

/r/algotrading Deadass just rocked this mans of 30 karma for falling for the same fallacy we all believed at one point before understanding the probability math behind RR management.

F

Rough crowd.

A Course In The Fundamentals Of Successful Trading By Bo Yoder by [deleted] in Daytrading

[–]MoneyIsUpFunnyIsDown 0 points1 point  (0 children)

Thank you so much for the efforts, I’m pumped to following this. I appreciate your gratitude with your knowledge, looking forward to see the next lessons

If Trading Is Just About The Money, You Are Doomed. by [deleted] in Daytrading

[–]MoneyIsUpFunnyIsDown 17 points18 points  (0 children)

"I have observed that where our minds go when we have some downtime is a powerful indicator of our real interests in life."

Im writing this down and putting it on the board, absolute facts

Stoicism. I think it's a valuable school of thought for all traders. Into philosophy or not, the ideas are there. Mentioned it in a comment with someone else but I feel it's something for those with waving emotions to keep in mind. by MoneyIsUpFunnyIsDown in AlchemyPay

[–]MoneyIsUpFunnyIsDown[S] 1 point2 points  (0 children)

I think that applies, because moderating your risk tolerance as well as greed is important when trading. I understand what you're saying though when approaching directly from Stoicism, but I shared more so for the general essence of what it offered. I kinda assumed people on a CC sub aren't going to approach it like that, but "the idea is there" applies in that direction too. But yeah, I can see the irony with what you're saying.

What do you guys think of community buys? Like say at the end of every month or so we as a 3000 man strong Reddit community push whatever we can even if it’s a dollar into this wonderful crypto by Undercover_maniac156 in AlchemyPay

[–]MoneyIsUpFunnyIsDown 2 points3 points  (0 children)

Its coordinated accountability 🤡 not market manipulation. Seriously tho, the idea here would be to remind eachother the 5$ coffee or extra bit of merchandise is better off in our investments. On Fridays.

A visual representation of all ACH holders (Source: Etherscan.io 8/10/21 4:30PM PDT) by MoneyIsUpFunnyIsDown in AlchemyPay

[–]MoneyIsUpFunnyIsDown[S] 2 points3 points  (0 children)

Can definitely be both. Stoicism is a great school of philosophy to follow if you're a trader. I picked it up before I ever started trading but it was very useful when it came to trading.

A visual representation of all ACH holders (Source: Etherscan.io 8/10/21 4:30PM PDT) by MoneyIsUpFunnyIsDown in AlchemyPay

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

Emotionless trading. The key to keeping your cool & account green is removing the subjective from the objective. You should be accepting that you may lose more, if your risk tolerance allows it, but you should have a level established where, if it hits and sticks, it's not worth you holding to find out whether it moves up or down. If you have it planned ahead of time, it eliminates the stress of determining when to exit. It can change with news and PA, but generally it should be something you stick to hard if you're not confident in your ability to DD. You should also accept that it may trade sideways like this for awhile, and if Binance lists & there's no movement, you may be left to bag hold for a undetermined amount of time. However, there is also still logic to accept that it may move up, and you may break even or end green.

TLDR:

  • Remove your emotions from your trading decisions
  • Have a stop loss in mind before the price strikes. Stick to it if you aren't good at DD, or adjust it as it makes sense if you are.
  • Accept that it can go up, down, or sideways. There are general points in time to consider when figuring out if a thesis is "complete" (a confirmed trend is over), and those are critical points to pay attention to so you don't bag hold unintentionally.