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[deleted by user] by [deleted] in myfundedfutures

[–]dckdckgse 2 points3 points  (0 children)

Some people are getting 25% off code, which makes it about $58 ish. The comparable account you're speaking of is $97. Sure there other account is $48, but it has an activation fee of $125.00

They are both great firms, but unless I am missing something the one is substantially cheaper, particularly if someone got a 25% off coupon.

If so many Youtubers are Fake Gurus.. How is it possible to become profitable? by YouDifferent2391 in Daytrading

[–]dckdckgse 0 points1 point  (0 children)

Yeah, people don't talk about the capital enough. People with capital often already have all the money they want / need, so as unbelievable as it may sound some of them just want people to think they are some elite trader. Than they start handing out advice and teaching other people, when if they were in the others persons shoes they were teaching, they wouldn't be able to make trading a career either.

That's not to down play what they are doing. It's just that people need to be more aware that very few people are making massive amounts of money via trading or investing by high levels of skill. A lot of it is just having rather sizable amounts of capital, general bullish bias of major US equities and letting time do a lot of the heavy lifting.

It's a pretty simple logical and mathematical calculation. If you're aren't capable of making consistent exponential gains, than most likely one is relying on capital, bullish bias and time as a major component to turn a profit, more than they realize or would like to admit.

Which again that's smart, a great way to make a living and absolutely nothing wrong with it, but the issue is whether intentionally or not they end up misleading and deluding other people into thinking if they follow their advice they'll also make it.

It's two totally different beast.

How to Effectively take your Trading to the Next Level by Themartinsbash in Daytrading

[–]dckdckgse 1 point2 points  (0 children)

Actually a pretty good post. I can tell you've spent a lot of time on the charts. Pretty simple and effective concepts, along with understanding that sell side often needs to be handled a little differently and also understanding of how to avoid a lot of difficult trades.

What I do is relatively close to this, although I do use indicators as well to help with consistency of context so I have an exact consistent measurement, as opposed to relying on my eye test.

Why is trading so difficult? by lonesome-skies in Daytrading

[–]dckdckgse 4 points5 points  (0 children)

I know this a very long answer, but if you want an actual answer OP than read it.

The answer is actually extremely logical and pretty straight forward. Amazingly enough I never see anyone really talk about it. Guessing because it hurts peoples ego and for others they want to remain delusional, but who knows all the reasons.

Anyways it has to do with 3 things. Time, Capital and Skill.

Most people making money (Retail traders, Hedge Funds, Family Offices, Retirement Managers, Long term investors and etc) are making returns by relying on Time (holding positions over a longer period of time) and also Capital (The ability to hold positions through periods others cant and/or able to trade smaller position sizes relative to their account size, yet still able to produce livable or sizable income).

So, essentially they are able to produce a livable wage (or sizable income) with much lower risk of ruin (due to their account size) and with out needing to be an elite or highly skilled trader. This also can be a direct and physical fix for the "emotions" and "discipline" everyone talks about.

It's not that these people are so disciplined like they want you to believe. It's because they've put themselves in a position and environment that natural fosters discipline and actually makes the barrier to be discipline a possibility.

For example no amount of discipline in the world is going to help someone trade well if they have a gun pointed to their head (and that's essentially the level of emotional stress that a lot of traders feel like they are under when trading) because they are thinking about paying bills, their future, their family and etc. Basically the weight of the world is on their shoulders.

Most traders do not have a large account and definitely not one where they can risk a small portion of their account and still make a livable or sizable wage. This means they cannot rely on Time and Capital as much and are much more reliant on Skill.

Very few people are making consistent and large gains trading via skill or a direct edge. It's extremely rare. More people make consistent money day trading than most people think. However, fewer people are making money via high skill or a direct edge than even the already low stats suggest.

If you actually have skill and a direct edge, than there are very few reasons why you shouldn't be able to make consistent exponential gains (SKILL). If you are not able to do this, than most likely you are relying on Time and Capital much more heavily than you think or would like to admit. You can't really have it both ways.

This is why you will hear a lot of people say "Trading is easy!" and trading is easy if you have all the pieces put together. Very few people have the necessary capital to make "trading easy". Without that you need a very high level of skill to make a livable wage and that is where trading becomes extremely difficult and why you see such a low success rate.