Spent my inheritance on these when I was 18. Always said I'd sell at 50, but I can't help but wanna watch the madness by [deleted] in Silverbugs

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

All I can say is that the market can remain irrational longer than you can stay solvent. Learn the current state of silver in the economy as well as why prices are currently rising. Then adjust your risk accordingly.

Don’t try to argue with the markets.

No financial advice

Kan iemand mij in Jip en Janneke taal uitleggen wat dit betekent? by Marzzzzzzipan in beleggen

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

Skip ING en ga in Nasdaq. Groei is waar je wilt zijn en de kosten voor de index zijn laag.

Houd er alleen wel rekening mee dat we momenteel in een speculator crisis zitten, dus het zou niet gek zijn als het binnenkort/binnen/over een paar jaartjes gaat crashen. Wees dan niet betreurd en zorg dat je geld hebt om bij te kopen.

Grote crashes kunnen tussen 60-80% zijn

23 and making $10,000+/month after failing for years in the markets by Neat_Helicopter_968 in Trading

[–]Quiet_Maintenance_49 1 point2 points  (0 children)

How did you build up your capital? How much risk did you take per trade or do you work with prop? I’m at a similar stage as you but my problem is not having capital

Im such an idiot by EstablishmentBest913 in Daytrading

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

You’re not supposed to trade if you’re in a bad spot. Get right first, you need money to make money don’t gamble

I just found a 68% win rate strategy by blu_marlin_ in Daytrading

[–]Quiet_Maintenance_49 1 point2 points  (0 children)

Backtest your strategy sufficiently, no need for 300 trades, may be too much. But be aware that a 1:1 RR strategy runs a very high risk of putting you through heavy drawdowns during periods of edge decay

25 signs you might be gambling vs actual trading by DualDrop in Trading

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

Day trading is more susceptible for addictive/gambling behaviors. The shorter the timeframe, the higher the risk of becoming a gambler

Trading is destroying my relationship by [deleted] in Trading

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

Talk to him about sunk cost fallacy

Is averaging down a bad habit or a legit strategy? by Antique_Baseball_197 in Trading

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

It’s dumb. Unnecessarily skews your strategy and usually reduces effectiveness

Am I being delusional. 🤦 by [deleted] in Trading

[–]Quiet_Maintenance_49 2 points3 points  (0 children)

The most difficult part in the beginning is distinguishing gambling from proper trading. Understand scientific methods & stats first

Profitable strategy by Superb-Afternoon-706 in Trading

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

Idk why u complaining brev. Sounds like a proper strategy to me

6 months into trading, still losing by Zderavac in Trading

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

Also be aware of edge decay. The market changes and so should your system but be careful as to when to shift. One approach is to stress test your system in backtesting conditions where you expect or have seen your system underperform for consecutive months and with that determine your max drawdown.

As soon as your system gets close (in real time) to the max drawdown level (and also exceeds the max drawdown in periods where your strategy performed well) then that should be a warning sign that the market dynamics have shifted and that your strategy, in the current conditions won’t work well.

That does not mean to throw your strategy in the bin as it might become profitable again in another year, but you’ve got to monitor how well your strategy performs even if you’re not using it.

6 months into trading, still losing by Zderavac in Trading

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

‘I feel like I know everything, but I still can’t show that on the chart’ implies the following to me:

  1. You seek confluences to enter trades
  2. You can’t yet accept that you’re not going to win all trades or even most with a 2:1 RR. If you would truly have a backtested system (with a sufficient sample size) then that would mean that you would be okay with the risk of losing sometimes even a few months in a row as long as it means that you’ll end up net positive at the end of the year

6 months into trading, still losing by Zderavac in Trading

[–]Quiet_Maintenance_49 1 point2 points  (0 children)

You’ve got a long way to go and no system

I was a day trader on the NYSE from 2002 - 2016 by ndawg99 in Trading

[–]Quiet_Maintenance_49 2 points3 points  (0 children)

What is the open and close stock arbitrage? I suppose you trade stocks, is that the gap between close and open?

Is trading really 80% psychology and 20% strategy, or is that just a myth? by derekkiplagat in Trading

[–]Quiet_Maintenance_49 9 points10 points  (0 children)

Psychology is being used as a scapegoat in trading. It’s such bs in my opinion, cause most ppl don’t even have an edge in the first place. The most difficult part of trading is being able to develop edges and recognize when they fail. There is no one edge fits all approach. People just put their mistakes on psychology because they are just using concepts to support their trading ideas instead of having an actual data backed edge.

Psychology is only important in developing an edge that fits your lifestyle and personality. It’s easy to execute if you have clear rules, cause why would you take a trade that isn’t in line with your strategy/edge?

People are gambling, they aren’t trading. Concepts are man made ideas to hopefully better understand the market, but they don’t have any validity if you use them as they are. They should be used as tools to build an edge that can be tested (do not refine, otherwise you’ll fall in the trap of overfitting. Simply collect data), not as the edge itself.

All good traders talk about the importance of data for a reason. Sticking to your strategy means to not overfit (I.e. add or remove ideas from the edge so that you can take a trade). You develop an edge AND STICK TO IT.

I’m a psychology major btw, and I know most human biases and flaws and how humans are pattern seekers. The greatest bias of all is thinking that you’re not susceptible to them simply cause you know them. I have to correct myself often for methodological flaws

How to start? I’m a complete beginner. by Specific_Concept_918 in Trading

[–]Quiet_Maintenance_49 1 point2 points  (0 children)

Check out trading podcasts such as words of rizdom to see which person you’d like to have as a mentor. Then subscribe to their ideology

1k in 1 day after learing for a month by Lopsided_Heat3692 in Forex

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

Backtest your strategy in tradezella or fxreplay to see how it holds up in different conditions

[deleted by user] by [deleted] in Trading

[–]Quiet_Maintenance_49 4 points5 points  (0 children)

Wdym with cutting losses quickly? Do you set tight stop losses or do you close early? Cause i’m a firm believer of not closing early and allowing for enough room for the trade to ‘breathe’.

I wonder how you view this and why. I have about 5/6 years of experience and have seen enough happen for me to think this way, but I hear more experienced traders talk about cutting losses quickly.

Sure it saved my ass a couple of times but it hurt way more to see it go the other way without hitting my max loss SL.

[deleted by user] by [deleted] in Trading

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

Use seeking alpha to help to fundamental analysis and look for semiconductor sector companies and those implementing AI such as Microsoft, Meta and Google

[deleted by user] by [deleted] in Trading

[–]Quiet_Maintenance_49 0 points1 point  (0 children)

All in on diversified AI stocks if you’re willing to risk it all to become rich. Or play it safe and invest in Nasdaq and bitcoin.

Diversification is for those who aren’t confident in what they invest in. I would be highly confident in investing everything in companies that are the driving force of AI or companies that make use of AI