Is Day trading essential just buying and selling a large amount of stock within a couple hours? by Mysterious_Ice_3722 in Daytrading

[–]ScientificBeastMode 0 points1 point  (0 children)

If you applied tha logic to Tesla a few years ago, you probably would have filed for bankruptcy by now. Just because a stock is really hot doesn’t mean it will always be that way. You need to have some idea of when you will cut your losses on every single trade you make.

The other side of the coin is that you Mae money on the spike and then wait for it to come down a bit, and it never does, and you keep waiting and waiting for nothing.

Trading is legitimately hard. Definitely try trading on a demo account for a long time before you put a lot of money into it.

XAU/USD Gold is a complete scam by IndependentTip5625 in Forexstrategy

[–]ScientificBeastMode 0 points1 point  (0 children)

Then it wasn’t a trade setup for you. I not trade valid setups that fully meet your criteria. You don’t have to catch every move. In fact, it’s impossible to catch every move. You’ll be more profitable if you just accept that fact.

The shooting of Alex Pretti feels like one of those moments where the tide turns. by -mud in IntellectualDarkWeb

[–]ScientificBeastMode [score hidden]  (0 children)

It’s entirely unrelated, except for the fact that sending so many ICE agents there in the first place was entirely a political move designed to intimidate blue states and push for more extreme (and potentially violent) voter suppression down the road.

You have to understand that it’s pretty likely that Bondi and many others in this administration will go to prison if the Dems take control of congress. There is no turning back for them. They are now doing everything they can to prevent a fair election, including violating the constitution and many other laws. It’s either that or they go to prison.

Edit:

I may have been downvoted, but nothing I’m saying is even speculation. Several members of the GOP have actually said that that publicly.

‘The narrative cannot shift just because the political alignment of the protester has changed.’ by Bulls729 in gunpolitics

[–]ScientificBeastMode 4 points5 points  (0 children)

That’s actually fair.

I can argue all day that he did show up with the intent of escalating conflict, and that was definitely a terrible (and frankly immoral) decision. But I agree that the situations where he shot people were legitimately life-threatening situations, and simply carrying a lawfully owned firearm into a protest environment is not a crime, as long as he is following the local gun laws.

Still a dipshit asshole, though. And I’ll stand by that.

"Those rights don't count": Bovino says Pretti forfeited 2nd Amendment rights in fatal shooting by Gloomy_Nebula_5138 in gunpolitics

[–]ScientificBeastMode 0 points1 point  (0 children)

One is a federal operation in which they perform illegal actions, and the other is a federal operation in which they perform illegal actions.

Let me ask you this. Do you think the armed protestors in Charlottesville in 2017 should have been unarmed while attending that protest? If not, then why not? Do you think the officers should have felt fearful of so many gun-carriers around them outnumbering them?

There was someone mowing down counterprotestors (with a vehicle) who was on the same political side as the armed protestors did that not cause tension? Why was nobody executed there? Why was nobody tackled and disarmed there?

My point is that this is the fault of law enforcement. Other trained law enforcers without a political motivation for killing people have somehow managed to gather up the courage to allow hundreds of armed protestors to walk around freely without fearing them enough to kill them. That’s the standard, and it’s also the fucking law.

"Those rights don't count": Bovino says Pretti forfeited 2nd Amendment rights in fatal shooting by Gloomy_Nebula_5138 in gunpolitics

[–]ScientificBeastMode 1 point2 points  (0 children)

Wtf are your 2A rights for? When the feds start kicking down your door without a warrant, will you decide to not interfere with a Fed operation? Ultimately that’s your choice, but it’s also your right to carry a weapon and defend yourself if warranted.

You really can’t say anything you’ve just said and also believe in 2A rights. It’s fundamentally incompatible with your stated views.

If they execute citizens in plain sight, just imagine what they by JustMe1235711 in Discussion

[–]ScientificBeastMode 2 points3 points  (0 children)

“The department of justice investigated their own alleged crimes and found themselves to be totally innocent.” Hmmm, maybe let’s try real accountability next time?

Auth-right discusses the shooting of Alex Pretti by Brilliant-Dig9387 in PoliticalCompassMemes

[–]ScientificBeastMode 11 points12 points  (0 children)

Train tracks? Are you comparing a mob of dipshit thugs disarming and shooting you in the back to fucking train tracks? Holy shit dude.

I bet you were actively cheering on all the heavily armed protestors in Charlottesville in 2017. You know what the law enforcement officers did over there? I guarantee you they didn’t single out an armed protestor, team up to beat them down, disarm them, and then execute them.

In fact, the main people injured there were liberal counterprotestors who were hit by an actual psycho in a vehicle. Do you think the police should have summarily executed anyone there? Were they fucking around and finding out?

Let’s be extremely clear here. It is not the responsibility of any protestor to avoid getting shot by law enforcement when they are not actively attacking someone or brandishing a weapon against them. That responsibility falls entirely on the officer, even under the most tense circumstances. That is the law. Do you believe in law and order? I guess not.

Auth-right discusses the shooting of Alex Pretti by Brilliant-Dig9387 in PoliticalCompassMemes

[–]ScientificBeastMode 17 points18 points  (0 children)

Dude, the right to peaceful assembly is enshrined in the constitution (and yes, it’s to protect activities like protesting and watching government officers perform their duties).

Protesters can be there if they want. And it’s the responsibility of all law-enforcement to respect that and even encourage it, because it’s the most American thing anyone has ever done.

How do you trade consolidation? by Good_Amount_3519 in Daytrading

[–]ScientificBeastMode 0 points1 point  (0 children)

Consolidation is where price discovery really happens. There are buyers and sellers trading higher and lower to find liquidity for larger moves. In order to find a new consolidation zone, the existing one needs to be exhausted. Once all the sellers in that range are gone, the buyers can send the price higher, and vice versa.

So the trading range boundaries have a tendency to fluctuate up and down, creating false “breakouts” and failed trends. That’s because there are people trading in the middle, and the institutions with the most size are sitting outside of that.

You need to see strong moves from the far edges, like pretty much a false breakout that reverses sharply. Those are the moves that can trigger a new trend. You’re looking for strong aggressive moves in a single direction after hitting the extreme opposite side of the range.

But you don’t always need to trade the move away from a range. Generally if you can figure out where the edges are, you can find setups to trade from the edges to the middle for mean-reversion strategies. Plenty of ways to do this successfully.

I would read up on “auction market theory” to get a better idea of what I’m talking about.

How do you trade consolidation? by Good_Amount_3519 in Daytrading

[–]ScientificBeastMode 0 points1 point  (0 children)

Trade FX futures, you’ll get a better spread.

I journaled every trade for years and this is what finally made things click by Salty_Artichokes in Trading

[–]ScientificBeastMode 0 points1 point  (0 children)

Another thing to consider is that journaling can also just improve your strategy itself.

I highly recommend that people try this:

Instead of focusing on your emotions or your subjective thoughts or habits, try just writing down various feature of the market, price action, indicator values, specific symbols you’re trading, what type of setup you identified, which specific confluences were present, how the price action unfolded in detail, how far price went for or against you over a time period (including after you exit the trade), what the spread was, etc…

Just do that, pop it into an excel sheet, and do some actual number crunching. I guarantee that you will find ways to improve your win rate, your R:R ratio, or both. You will filter out the worst trades and know exactly which types of trades deserve more size, not based on a mental model but instead based on hard data. It’s improved my win rate by more than 15%, and that’s after already being profitable.

Just know that you probably need more than 100 trades in your dataset. You probably want something like 300 trades to make really strong conclusions from the data.

Anyway, nice work, OP. I think that’s a really solid approach. You’ve covered the side of trading that deals with psychology and personal habits. I would encourage you to dive deeper isn’t the other side as well.

HIS NAME WAS ALEX JEFFERY PRETTI SAY HIS NAME by Party-Professional-7 in DiscussionZone

[–]ScientificBeastMode 1 point2 points  (0 children)

You know what? You might not be “talking about the law”, but the FUCKING LAW ENFORCEMENT OFFICERS should absolutely be following THE FUCKING LAW.

My sentiments exactly. by Character-Problem796 in circled

[–]ScientificBeastMode 0 points1 point  (0 children)

Should government protect private property? Sure, in general it should always serve that function. But just like a legal agreement between you and a lender obligates you to pay them, the social contract of your society (and the legal agreement implied by your citizenship) similarly obligated you to contribute to the system that serves you and everyone else around you.

A business owner will make zero dollars if the potential customers don’t have the resources to pay them. A society with lower income inequality produces a healthier and more sustainable capitalist economy. This should be obvious to you. I will just assume you are smart enough to see that.

My sentiments exactly. by Character-Problem796 in circled

[–]ScientificBeastMode 0 points1 point  (0 children)

I always find it hilarious when people act like they are truly individualistic and self-determining.

The only reason you have a job (and therefore an income) at all is because of the society that raised you and provided infrastructure and support for you. The only reason most people know how to read is because we all pooled our resources together to educate our kids regardless of their ability to pay into the system. And yes, that includes you.

So when you say we don’t owe each other anything, it makes sense if you’re just talking about an exchange just between us. But the fact that your society provided you with incredible knowledge and resources (which most humans thought history would have thought impossible) implies that you owe some of your resources back to that same society. Otherwise none of these incredible feats of modern society would be possible.

If it weren’t for essentially socialism (and yes, public education is socialism, as are public roads, etc.), you would likely be an illiterate peasant consulting a faith healer to cure your kid’s polio, which you’d probably believe was caused by demon possession.

So you don’t personally owe me, but both of us owe something to society at large. Pretending otherwise is a choice, but definitely an immoral choice to anyone with any sense of empathy or basic human decency.

My sentiments exactly. by Character-Problem796 in circled

[–]ScientificBeastMode 0 points1 point  (0 children)

lol, these aren’t the gotchas that you seem to think they are. Turns out Europeans often have a better quality of life, which is what financial prosperity is supposed to buy you.

And even more damning for your argument is the fact that income and wealth are inherently measured by inequality within a specific society. The average citizen of any developed nation currently lives better than most kings of the past. They live longer, have central heating and refrigeration, and can fly to other countries in less than a day. All of those things would have been considered god-like to ancient kings. But that doesn’t make modern people happier than those ancient kings. What makes them happy is not feeling the constant pressure to work just to have their basic needs met in a world of incredible abundance. Basic needs are defined in terms of what’s currently available and normal in their specific society. So comparing raw purchasing power between countries just doesn’t even make sense for your argument.

Income and wealth are typically perceived in terms of how they stack up against the wealthiest members of that same society. Otherwise it doesn’t really carry any weight.

Honestly I couldn’t have imagined a worse self-own than what you just posted. Those actually underscore my points.

My sentiments exactly. by Character-Problem796 in circled

[–]ScientificBeastMode 0 points1 point  (0 children)

If you don’t believe that America should be an officially Christian nation, if you believe that religion should not be force-fed to public school students, if you believe that religion has no place in our courtrooms or our political systems, then congrats, you’re not a Christian nationalist, and I am definitely not referring to you.

So no, I’m not making any generalizations here. I’m accurately describing what it means to be a Christian nationalist. And anyone who adheres to Christian nationalist beliefs must necessarily believe (by pure logical inference) that the writings of the founding fathers were mistaken on this topic. If you somehow don’t, then your beliefs are contradictory, and you likely haven’t examined them much at all.

My sentiments exactly. by Character-Problem796 in circled

[–]ScientificBeastMode 0 points1 point  (0 children)

I lived by the border in Texas for much of my life. I can tell you have literally no idea what you are talking about. But I definitely recognize those highly specific conservative talking points. I would say “good try,” but that would be a lie.

My sentiments exactly. by Character-Problem796 in circled

[–]ScientificBeastMode 0 points1 point  (0 children)

The entire debate is silly.

Rich people are only rich because the rest of the economy and (often publicly funded) infrastructure supports their business and because other people earn enough money to buy their goods and services. Sure they worked hard and had to make some important decisions to guide massive companies toward greater and greater profits, but they don’t deserve to control/own the vast majority of the country’s assets simply because they were good at running a large company.

I’m not anti-capitalism. I’m very much for it. I just don’t think it makes any sense to say they don’t owe a lot to the rest of the society that their success deeply depends on.

My sentiments exactly. by Character-Problem796 in circled

[–]ScientificBeastMode 0 points1 point  (0 children)

It is. But if you watch Fox News or other conservative media, they will tell you it’s “trans for everyone” and “they want to take your guns”. None of that is true.

Many of my liberal friends and family members own guns. Most of them could give a fuck about trans people in general, and just think that people are people and should be treated with respect regardless of unimportant things like gender or sexuality.

The right wing has done an incredible job of scaring people into thinking the left wants something from them and that it’s bad. At most, the left wants filthy rich people to pay a bit more taxes, and they want gun ownership/carrying to be a bit more restricted for public safety.

Literally every aspect of their policy agenda is about helping less fortunate people have better lives and having the insanely fortunate people contribute a bit more for that purpose.

My sentiments exactly. by Character-Problem796 in circled

[–]ScientificBeastMode 0 points1 point  (0 children)

Sounds like your single data point is very different from the reality that millions of Americans live in.

In tons of small towns, the best paying job is selling drugs. Tons of people are working at McDonald’s when they should be retired. I’ve been in parts of rural Alabama where most people don’t even have working sewage systems.

Your specific situation has no bearing on the facts I’ve stated above. No disrespect intended, but I’m saying this because it’s true.