[Moneymaxxing] Do you guys think trading is mostly a losing game? Any tradercels here?

[Deleted member 18193]

Swing and day trading in particular, could be forex, crypto, stocks, etc. To me it seems like there are so many people trying to sell you packaged fraud so they can make cash themselves with their courses, and then you have the penny stock promoters who are front runner wannabes, and finally you have tons of people online claiming to make thousands of dollars trading while having some youtube channel/social media profile claiming to 'teach' you how to trade.
I already have some money invested in a few index funds for long term but I don't think I'd ever trade tbh. On top of being extremely risky with the potential to lose a lot of money even with good risk management it doesn't seem worth it for generating long term wealth.
I'm not denying that you can make money finding market anomalies but with your competition being phd computer scientists and mathematician wall street jews with supercomputers is it really worth if they're going to find these anomalies faster than I can?

 

[Transcended Trucel]

most manual day traders fail(like 95%). but swing trading over weeks, has higher success rate


I would recommend you research algo trading and do back testing. day trading is statistical betting based on patterns. I have done decent. I am grinding algo bot out and once that's done it will be passive income.

 

[Deleted member 17606]

Unless you have (connections) and (friends) in finance, and already have vast amounts of money to risk, you are simply taking part in a meme.

 

[Transcended Trucel]

Unless you have (connections) and (friends) in finance, and already have vast amounts of money to risk, you are simply taking part in a meme.

not for algo trading. u literally betting on patterns not in news

 

[Deleted member 24876]

I would recommend you research algo trading and do back testing. day trading is statistical betting based on patterns. I have done decent. I am grinding algo bot out and once that's done it will be passive income.

Do you use deep learning or regular algorithms?

 

[Transcended Trucel]

Do you use deep learning or regular algorithms?

regular. deep learning is not necessary
and very expensive and time intensive to excessive degree

 

[Deleted member 21324]

I'm not a tradercel tbh.

 

[SwordsmanAlt]

You need a lot of capital to start. Otherwise it's useless and you end up breaking even or losing more.

 

[Deleted member 18686]

You need a lot of capital to start. Otherwise it's useless and you end up breaking even or losing more.

This I would also say probably about 95% of the self proclaimed """gurus""" trying sell classes are just making stuff up. I've been trying to swing trade/just sit on my stocks for the past few months and I've been somewhat successful. I bought in a little bit after the markets tanked and have made a bit of money. I would like to invest more but I just haven't had the time to research stuff. My advice to you if you want to start trading is to simtrade with fake money on a platform like thinkorswim. The last thing you want to do is go in headfirst and loose all your money.

 

[RandomGuy]

I'm not denying that you can make money finding market anomalies but with your competition being phd computer scientists and mathematician wall street jews with supercomputers is it really worth if they're going to find these anomalies faster than I can?

Stack platinum boyos. It’s near a historic low right now and getting jumpy.

 

[Deleted member 25707]

not for algo trading. u literally betting on patterns not in news

This I would also say probably about 95% of the self proclaimed """gurus""" trying sell classes are just making stuff up. I've been trying to swing trade/just sit on my stocks for the past few months and I've been somewhat successful. I bought in a little bit after the markets tanked and have made a bit of money. I would like to invest more but I just haven't had the time to research stuff. My advice to you if you want to start trading is to simtrade with fake money on a platform like thinkorswim. The last thing you want to do is go in headfirst and loose all your money.
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