Friday was a 13K day. The biggest of the year so far: There were other traders sitting around when I did this and it’s funny how you get congratulations, and praise for this type of performance. DMs started rolling in. …
In the end, you’re trying to predict the future. The more time you add, the harder it gets. Predicting the next few seconds is substantially easier than hours, weeks, months. You’re introducing more randomness the longer you push it out. …
Anyone who’s traded for some time will quickly discover that trading is extremely difficult. Why is that? Before I answer that, I need to prep you: Trading is a performance sport, especially for discretionary traders. Everyday, you have to perform. …
Day trading is a very sophisticated job that yields extremely high failure rates in the 95% range. Those that make money in that 5% make very little. It’s the top 1% percent that make significant returns. Why is that? The …