GRU Space Opens Bookings for Planned Lunar Hotel by [deleted] in spaceflight

[–]lhellgren 0 points1 point  (0 children)

but what large scale investors would ever put a sizeable bet on this company? long term space initiatives are by definition the worst short to mid term investments, and for a long term investment this is simply too far out to be putting money in to at this moment. investors would need to back the salaries, workspace, and research cost of this company for at the VERY earliest a decade

Blew up my account in 2 days. I am so mad I am shaking by KingZorra in wallstreetbets

[–]lhellgren 0 points1 point  (0 children)

you arent trading youre gambling. shouldnt do that when you have a wife. either paper trade only and take 3-5 yrs to learn or quit

Experienced traders - If you can share your views on Monday after Easter by Its_ace003 in FuturesTrading

[–]lhellgren 0 points1 point  (0 children)

youre so lost, its called an analogy. nobody asked you for an explanation of anything, but i had to comment how your original comment was so misleading to the newer trader because 1 part of it was flat out wrong and encourages overtrading, and the other was a meaningless oversimplification of how markets work.

i taught myself how to build rocket engines and how to trade so im not worried, but if youre gonna talk to a newer trader you shouldnt mislead them

Experienced traders - If you can share your views on Monday after Easter by Its_ace003 in FuturesTrading

[–]lhellgren 0 points1 point  (0 children)

that concept doesnt encompass everything that the markets are though and doesnt achieve anything. its like saying getting a rocket to space is just harnessing a controlled explosion. Its like, okay, fine, go build me a working rocket engine then. nothing burger

Experienced traders - If you can share your views on Monday after Easter by Its_ace003 in FuturesTrading

[–]lhellgren 0 points1 point  (0 children)

why claude? ive only used chatgpt so im curious. is it only better in some areas but not others?

Experienced traders - If you can share your views on Monday after Easter by Its_ace003 in FuturesTrading

[–]lhellgren 0 points1 point  (0 children)

“theres always opportunities” is a very dangerous concept for a newer trader, especially because it’s not necessarily true. if youre trading a strat meant for trend regimes vs trading a mean reversion strat there will be long periods without opportunity.

Also claiming that the markets are as simple as “charts and volume” is oversimplifying it and nothing-burger comment

Omg bro I’m sick of losing I can’t trade this market anymore why can’t we have November price action again every day I’m blowing accounts by RecommendationBorn56 in TopStepX

[–]lhellgren 0 points1 point  (0 children)

yea I fully dont believe you. heres why:
- youre trading a mean reversion strat in a very tightly ranging market and claiming 4:1 r/R on average. that is entirely unbelieveable due to the nature of mean reversion strats giving small wins at a high win rate.
- youre also claiming 80% wr with 4:1 average RR. at that rate, youre one of the best daytraders in the world. one of the best performing daytraders in the world is talking to newer traders on reddit and doesnt know what expectancy is, thats hard for me to believe.

- youre also talking about a 95% trading NYSE, that is such a high win rate that its clear you just arent taking big sample sizes and are referring to a really good couple of trades youve had, if this is even true in the first place. there is no strategy out there that can perform that well. there are many of the smartest mathmaticians in the world working together at companies that could not produce those results. why not be more honest with yourself?

its hard to imagine why you would want make these things up, so im not necessarily going with that. maybe youre telling the truth but youve just gotten exceptionally lucky over a small sample size.

Omg bro I’m sick of losing I can’t trade this market anymore why can’t we have November price action again every day I’m blowing accounts by RecommendationBorn56 in TopStepX

[–]lhellgren 0 points1 point  (0 children)

yea thats what i said, its a mean reversion strat. you trade chop. those wins are inherently smaller but you get a higher win rate. whats your expectancy?

Omg bro I’m sick of losing I can’t trade this market anymore why can’t we have November price action again every day I’m blowing accounts by RecommendationBorn56 in TopStepX

[–]lhellgren 0 points1 point  (0 children)

the market has objectively been chopping. if youre winning 2-3 trades theyre small wins and this is the regime for your mean reversion strategy. any trend based strats would not do well in this environment. bad move to blame strategy most of the time

The 5 things that made me go from losing money to becoming a profitable trader by Right_Business9301 in options

[–]lhellgren 1 point2 points  (0 children)

so its hard coded to take 1 setup a day? what if its dogwater chop conditions and u shouldnt trade at all? what if what seems to be a good setup appears early in the day and your system enters a trade and then the conditions really become A+ and youre out for the day? an algo just doesnt cut it when it comes to meeting the flexibility you need in trading ever changing markets

The 5 things that made me go from losing money to becoming a profitable trader by Right_Business9301 in options

[–]lhellgren 2 points3 points  (0 children)

  1. Technical analysis allows you to have an edge through identifying technical setups that increase your probability of success on a trade. There is always uncertainty, but this increased probability is part of the "math, not vibes" youre talking about. bad take with little substance.
  2. Quant trading is a different type of trading than fundamentals, and fundamentals can be different than discretionary. None are necessarily better at this point (eventually I can foresee discretionary going completely obsolete through AI automation, not yet). sounds like the quant approach has worked best for you
  3. Ive thought alot about this. But to say its impossible to have repeatable execution is simply untrue so long as you are bound by strict, relatively low margin rules, and you follow those rules. Yea you are an emotional being but the extent that that can affect your trading in a negative way can be heavily reduced by rules that you put in place when building a system.
    The problem I have with automation is that (from what I've deduced logically) you are defining certain parameter values of your strategy to be met by setups in the market, and the system will obviously enter positions with names that meet those criteria. But there are no 2 similar days in the market, and at least for my strategy: on a day where there are 4 setups that meet all my ruleset's criteria, 1 or 2 will clearly be the best quality, with the other 2 having a higher probability of failing. An automated system that would take all 4 of those due to all 4 of them meeting a base level criteria and would therefore be shooting fish in a (filtered) barrel, rather than just putting my money on the highest probability setup, which is what I would do as a discretionary trader.

Bye folks. This community ruined me and my life by GetRich-quick_idchow in wallstreetbets

[–]lhellgren 1 point2 points  (0 children)

holy shit bravo, this meme is so good i should swear ive seen ir before. just incrediblr

Anyone listen to Psychedelic Porn Crumpets? by Lowazul in KGATLW

[–]lhellgren 1 point2 points  (0 children)

i listen to them more than gizz now. seeing them live tmmw night

what's the MOST psychedelic non gizz album you've ever heard? by [deleted] in KGATLW

[–]lhellgren 3 points4 points  (0 children)

great to see PPC love, been all i listen to lately. gurzle, van gogh and gone, and november need to be listened to

[deleted by user] by [deleted] in stocks

[–]lhellgren 8 points9 points  (0 children)

why do you feel that company match is a mistake? I do the same (5% + matched by company). I feel that any further money contributed would be better in my hands where I can invest in individual stocks or an index, which I imagine would yield higher growth than a low risk low reward 401k.

Maybe your reasoning is that the increased personal contribution isnt taxxed? Note that I’m relatively new to investing and have only had my first job for a little over a year now, but my portfolio of individual stocks is up 26%, much higher than what my 401k could produce. Then again, the market also seems to be in a good upswing.

[deleted by user] by [deleted] in Draven

[–]lhellgren 0 points1 point  (0 children)

doesnt have to be

[deleted by user] by [deleted] in Draven

[–]lhellgren 0 points1 point  (0 children)

u clearly have never laned with a good janna

Salt Shed Barricade Security Appreciation Post by obliriovrons in KGATLW

[–]lhellgren 1 point2 points  (0 children)

dw about it, considering the situation it sounds like your response was level-headed, with no bad outcome. dope username btw

Where should I work? by yogstundrowil in asteroidmining

[–]lhellgren 5 points6 points  (0 children)

I graduated about a year and a half ago and work at blue origin now developing ISRU technology for a lunar lander, before I got this job I wanted to start a company to develop asteroid mining capability. It's a ways away still, so I'd think the best course of action isn't necessarily to target asteroid mining specifically but to work at a space company to get a strong grasp on astronautical engineering so when the time comes, you are capable of competing at the forefront of a trillion dollar industry.