I'm not a know-nothing or an idiot but I'm not super informed

to be fair, if you're not a retard and you can keep your eyes glued to the news and know some of the easy stuff and catch companies after quarterly dividend payouts, you can actually make some money. Momentum trading is risky, but if you just keep your ear close to the ground and just listen you'll do alright. Nothing super awesome.

proofs:

me after making a 5% return off of Netflix last month

Eh maybe. We'll see.

I started with $1k 2 months ago and am up to $1.5k now.

If I put all my paychecks into these trades I'd have like an extra $5k right now. Just for clicking some buttons.

>If I put all my paychecks into these trades I'd have like an extra $5k right now. Just for clicking some buttons.

Do you not see how you got lucky, simply?

You can't just make the claim
>If I just kept getting lucky I'd have $5000 right now!

That's like claiming "If I just spinned red 5 times in a row and put my money on it I'd be way richer". The point is the long term and what empirical evidence tells us. And what it says is that THE VAST MAJORITY *DO NOT* make much money L O N G T E R M. Longterm.

Come back to us in 5-10 years minimum and let us know how much you've made.

>me after making a 5% return off of Netflix last month

>i correctly called one coin flip, so its easy to predict every coin flip

>I got lucky once so that means it;'s easy and you can do it

Cool dude.

I played roulette at the casino once and I made $500 in one night. It was so easy, I just had to choose where to place my bet and then a wheel spins

I will.

The difference in gambling and the stock market is that in gambling you lose ALL your money on a deal. In stocks you lose SOME or MOST of your money on a bad deal.

Also in gambling the house will always take your money via probability. But in stocks the investor will always gain in the long run give enough time and diversification of investment.

Why yall so mad?

It's not just blind luck though.

After a dip you can reasonably guess that a stock will rise. It follows predictable trends like 75% of the time.

With sports betting the odds makers make the spread or money line based on a true 50/50 split based upon probability.

So.....

>Long run
>Diversification
That is not daytrading

>But in stocks the investor will always gain in the long run give enough time and diversification of investment.
Shit man, you're all over the place in your posts. Day trading, swing trading, momentum, long-term, diversification. I don't think you have a fucking clue what your strategy is ... I think you just throw chips around like an idiot.

But to answer your question, making a $1 profit when you could have made a $3 dollar profit with the same amount of risk is just bad investing. The fact that you stock pickers can occasionally eak out wins doesn't salvage your inability to keep pace with the market as a whole. And since its pretty fucking easy (and cheap) to get the market rate of return (protip: indexes), you're losing wealth on a relative basis compared to everyone else.

No one here is mad that you're a bad investor. We're just trying to help you get better at it, and you're throwing a tantrum like a child who hates vegetables.

Yeah don't trade the news. News is slow relative to changes in the market.

It's basically catching a falling knife.

The tl;dr of this thread seems to be

>it's possible, but I'm too lazy/incompetent to do it properly, therefore the entire thing is based on luck and anyone with any success was just lucky

Fuck, I hate this site sometimes

>Why yall so mad?

Because they clearly tried the same thing you did but were unsuccessful, so whenever they see some ACTUAL success all they can do is spam

>m-muh luck, muh longterm

But that's literally what the data and research shows.

People with PhDs and professional struggle to beat the market, yet a neet will somehow with robinhood...

>U r gambling!
>nuh uh, it's mah skillz!
How the HELL does this argument never get old?

>they see some ACTUAL success
see

>But that's literally what the data and research shows.
Without references to data and research this claim is meaningless.

>haha le lolcat proves u wrong xD

Kill yourself

It never gets old because there are more losers than winners who want to insist that all success is based on 'luck', as if that would somehow invalidate the success even if they were right.

Let them believe that, it's fine.

>It never gets old
How about "Robincucks versus commissioncucks?

> Hedge funds filled with ivy leaguers do shittily ffs.

It depends, some have made great profit and and many have a good track record of beating the market.

Day trading is possible, you have to focus on a few volatile stocks. Learn how volume and price on those stocks fluctuate during the day to know the good time to sell and buy.

You seem to be under the impression that your reasoned statement will change anyone's mind.
The standard back and forth goes like this:

>impossible
"Some people have been known to make gains. I have"

>post proof or you're lying
(posts proofs)

>that's fake
(proves authenticity of proofs)

>If I was successful and still posting on a [variable][variable] forum, I'd kill myself

Not to mention, no one says its "impossible" to beat the market. It's just highly improbably and unlikely. Pointing to a few examples of "superstar" investors who outperform only proves how rare and non-repeatable it is. Yet stupid people think "they did, so I can do it too."

Lottery winners exist. Doesn't make playing the lottery a sound financial investment.

>no one says its "impossible" to beat the market
Sure they do.
Especially on this board.
The variation is "No one who posts here has enough money to trade successfully."

>Not to mention, no one says its "impossible" to beat the market.

Most people say this.

>It's just highly improbably and unlikely.

Therefore, no one should ever try. Idiot.

>Pointing to a few examples of "superstar" investors who outperform only proves how rare and non-repeatable it is.
>non-repeatable
>except when other people do it

>Yet stupid people think "they did, so I can do it too."

If they tried hard enough, they would eventually get there. Most people just don't have the patience.

>Lottery winners exist. Doesn't make playing the lottery a sound financial investment.

It's not comparable to the lottery.

Christ, you sound like such a bitter faggot.

/strawman general/

I get it -- you're both not smart enough to discuss the topic, so you change the definitions and move the goalposts. It's much easier to debate a fake position that you created in your head, rather than one actually made by an intelligent adversary.

Are you beating the market and for how long?

>inb4 no but I've made $150

I'll stick to my index funds, thanks

I forgot the best one:

(posts gains)
>anyone can profit short term, talk to us in 30 years
>checkmate!

But that's true

Your short term gains mean nothing, no one is making the claim you can't make them short-term. But what really matters, makes the difference and is impressive is LONG TERM. Do you really not get that?

That's what decides which is the best investment strategy. And the answer to that, for most unexceptional people, is no.

This.

The vast majority of life's tasks can be learned in a few days, a couple books, and asking someone who knows about it.

Of course it's true.
So much argument about nothing.
The point is, success in this kind of work is rare at best, but would be impossible to prove even if it existed. Do you not see that?

People will continue to post short term gains here, and others will continue to tell them they're throwing their money away. In most cases, they will be correct, but nothing is absolute.

I don't see why he doesn't get this. Delusion I guess.

"You can if u work hard like those other investors" means NOTHIGN Until you do it yourself, longterm. And then I'll say "Wow good job you are a good investor", but you probably won't

>success in this kind of work is rare at best, but would be impossible to prove even if it existed
Huh? It's been studied for more than 50 years. There are literally thousands of academic articles and nearly infinite data on trading activity. It's one of the most studied fields in all of economics.

We're not talking about the existence of God here. There are objective truths and falsehoods when it comes to investing. (There's also a lot of denial.)

>impossible to prove
On this board.
Or rather, to the satisfaction of those present.

>describing yourself as an 'intelligent adversary'

Ahahah oh my God

>impossible to prove

'Intelligent adversary' indeed

Off yourself my man

I don't write paragraphs to you in response because you type nothing worth debating

...

>impossible to prove
Oh ok.
You think you can prove your long term trading success to those present?

You keep believing that.

>my

I don't trade.

Is anyone else sick of this smug faggot?

>I don't trade
Then why the fuck are you here arguing that you can prove personal trading success on a Mexican Sugar Dancing forum?

wow look, a place that profits off people not knowing how to trade is telling people that trading is hard.

>(There's also a lot of denial.)
Quads proves me right. Denial isn't just a river in Egypt.

First thing that anyone who's interested in such things, should stop reading what's being written in threads like this. It's hilarious, honestly.

It's totally a meme, that's why people do it, they do it and lose money all the time!!!! Absolutely, just don't even try to touch it!!! Pure evil, capitalist pig banks coming after you trying to rob every cent of off you!111!!!

Sometimes you have to wonder between 3 things on this board.
1 whether it's real people
2 whether it's 80% shills
3 whether it's 80% losers

Yeah the daytraders are losers, you're right about that

Not sure how you inferred that from my post, or maybe I'm just missing out on the sarcasm.

But the daytraders are always poor retards who think they'll get rich

Nah, you're probably talking about someone who deposit $100, lose it in a week, fail to get millionaire and move on. Sometime, I guess you wanna express your intellect to everyone in the world, so you call X a scam.

There're so many factors for that to happen I could go on for hours why they fail etc, it's irrelevant though.

That's literally almost all of them though

You can count the amount of investors who beat the market long term on two hands

You say almost all of them, maybe because a lot of people try it out, but they don't have an actual real interest in it, so it ends up very few that do make it.
I'm completely confident in statistics such as % of people who fail, because it makes sense.
It's irrelevant though, what's important is that there're those who make it, that's all that matters. You're looking at unrefined data. Were you to look at traders who do it for 5 or 10 years, you'd see different numbers/data.

And really, if you do make it, do you seriously wanna announce it to the entire world? I bet you'd try to not get any publicity whatsoever and that often comes with certain personality type, too.

How many people are even interested/want to hear about those who make enough to be able to live comfortably without a care, like 20-100k a year? Nobody cares about those people.
All that people care are billionaires etc, and most of those you will never hear about anyway.

I don't feel confident I can make money with it due to all the research and anecdotal evidence so I buy ETFs instead

I take great solace in knowing 90%+ of trading cucks I see are going to either lose a lot of money or quit quickly

And that's fine, that's why there're billions of strategies and ways to approach trading.
People have different personalities too and it all somehow works out, you have to find what fits you. Do whatever feels comfortable for you, if you think that's impossible. Well, maybe it is for you.

I can't imagine a modern human being able to stick to a chart for more than 15min, because he'll either lose attention, because he's no more advanced than a goldfish or he'll starve and die due to lack of socialisation.

I firmly believe that current society consists of complete degenerates, with barely above animalistic behaviour, only few % of people that are even reasonable. By reasonble I mean people who can for example make concise conversations, use arguments, and or aren't completely dumb bricks.
This would explain the fail rate, too.
Not everyone is equal. And that's fine.

Yeah thats why the majority of daytraders and even fund managers fail to beat their index, they just never bothered reading "a couple books". Im going to read "a couple books" and become the next Buffet now.

We need to bet big and have LUCK.

Im going all in soon in ETC again and hoping for the best. No risk no gain.

Forex is boring shit. Rich from a crypto pump or death.

I don't believe it has anything to do with attention, rather that a chart says nothing.

Buying a basket of stocks comprising an index makes more sense to me.

Weighing the benefits against the odds just doesn't make sense to me. Trading is a lot of work for potentially slim gains over the market, talking top few % best of course

Short term/day trading is a meme. It's a zero sum game. You either take or lose money from someone else. Long term investing is not a zero sum game since it depends on the markets and companies growing. The growth injects new money to investors, which they can use to buy more stocks.

And I suppose I can post the chart of mine for today of one market, I had posted my charts on this board before several times, too.

>Trading is a lot of work for potentially slim gains over the market
That's why you can change your position size. You could seriously make profit even off of 1pip trades, don't see reason why you would do that, but still.
Imagine this were position size of 1 lot, that's 25.8 pips, depending on leverage(100-400) you would be making anywhere from 55 to 230, in this case euros. 10lots 550-2300, I mean math is simple here. Not everyone is out there to make billions.
And let me tell you, I SUCK, I will repeat I'm absolutely shit trader, there's so much more potential, hopefully will be able to realise that potential in the future.

Anyway, more power to you, it's all scam anyway.

I just don't see it.

Index investing speaks to me and I understand it, it's fully logical to me. Call me a cuck but ill take the "slow" and logical, that's not so slow over the fast and risky

t. McDonalds employee who somehow is sure he will get rich because he "has more willpower"

And this is no proof, but I won't be providing anything more real than this. And of course, this could be easily faked so think whatever you want.

Pic related, the trades done during this week.
I don't even spend all that much time in the markets actually trading, as you can see from time stamps. My target for quite a while has been 20pips a day - which allows me to live comfortably.
This week I made about 140pips which makes it around 28pips a day.
32 trades being done in total, of which 2 were break-even and 3 were losses.
Puts me at 84% of trades being winners and only 9.6% of losers. So clearly I'm just always lucky.
Of course win rate % in trading doesn't matter much, it depends on style/strategy. But I like winning.

And that about concludes this week as I won't be trading anymore today.

>It's a zero sum game
0/10 bait

Do you use an automated system?

No, pure PA all manual, the only indicators at all that I use is MA.

There are in any market at any given time a valid setup that will provide you a profit, during the day I see way over 30 valid setups, actually never counted, but wouldn't be surprised with a number higher than 100 even.

It's not random, markets randomness is in a sense that there're probabilities only. There's money involved it's sure as hell not going to be just random. It's all very logical and rational. Markets make a lot of sense, sure as hell more than a woman.
Same way PUA exists, really, it's all about figuring it out. This applies to everything in real life or otherwise I'd say. You'll have to fail a lot before you can succeed.
The IQ/intellect/knowledge/smarts call it whatever you want, it matters little, all that it changes is the time required to learn it and I suppose influences efficiency.

How much are you trading with?

Please show me the evidence that "intelligence", "effort" or "reasonableness" has any effect on trading results.

Remember that 90% of Wall Street hedge funds underperform the market. These guys are infinitely smarter than you, have Ivy League educations, and trade professionally. You are a retarded ape compared to them. And they can't do it. But you can? Kek. Dumb brick indeed.

This month has been pretty consistent. This is many trades. I rarely hold overnight. First month, first two weeks I didn't do so well.

>>short-term trading
>>It's a zero sum game
>0/10 bait
Wew lad, you do know he's 100% right?

Day trading is honestly that hard...just study and trade that's it. Check out ICT he's really good at what he does. As far as women goes try RSD or Willy beck (you don't need money to get chicks)

Here is the learning curve, where I didn't do so well for a bit. inb4 poorfag / small account, gains are gains. I'm not bragging, just making a point.

>3 months trading history
>$800 balance
>profits $3/day
I'm fucking dying of laughter here. Congrats on your coin flips that earned you a few extra hot pockets and chicken tendies. That'll surely free you from the yoke of conventional labor.

Go do it with some real money and some real risk, and we'll see how long you last.

You sound mad that a poorfag is a better trader than you.

I don't think it even matters, unless you go into institutional volume sizes. If I were to tell you it's 1lot, to trade it you'd probably need around 5k euros. There're 2 things that happens with my orders.
1 the price is either always going beyond or
2 the price never reaches my orders
In both cases volume for me is irrelevant.

k. You know better, obviously, it's 100% scam. Nobody makes money, market is here to make money disappear, yes you figured it out someone should award you a medal.
>Ivy League education
As if that matters or has anything to do with trading. Why would you even need any kind of prior education? I didn't even know that there's TRADING EDUCATION.
It's not quantum physics, to trade you don't need education.

Good thing is that whatever fuck you think about me is completely irrelevant to me and my ability to make money.
And why would you want to hear anything from me, if I'm retarded ape?
Yet, I don't know, I think I already posted proof, as much proof as I'm willing to post.

And you know what's my opinion of wallstreet ivy leaguers, super smart and better people in every way than me/billionaires and whatever else you may babble about including you?
I DON'T GIVE A FUCK ABOUT THEM. Yep.

Also I am 19, so still pretty broke, also gains for last month are consistent 2%/day (could be better). It's funny, because when I ask for feedback the only people who say anything negative are mad. -sniff- Is that the scent of banal jealousy?

Well, that dude seriously had some kind of problem, seemingly with entire world.
Didn't you get a memo? Ivy leaguers can't make money trading, how could YOU? Trading is 100% lose all your wealth and is pure gambling and makes you addicted to heroin, you'll eventually become a serial killer sociopath.
Or you know, make some sort of business out of it if you're consistent and persistent.

Why do you keep changing your position? First you say you're smarter than everyone else, and now you claim that intelligence doesn't matter. Originally you claim to have special skills, attributes or talents that put you above others, but when challenged on this assertion, you retreat and claim not to care.

So what's this magic quality you possess that assures that you'll be in the 10% of traders that succeed?

>a better trader than you
He's not, trust me. I'm trying to help him learn that.

Ivy leaguers know bunch of people in key positions everywhere. Insider tradings.

I'm not actually being cocky, I'm pretty disappointed and felt I could've done better. I just responded to your aggressive comment with something annoying. I made 300 trades in July (40 pages, 8 a page). So these are relatively consistent gains, I am still trying to improve. Instead of being a dick, you could share some productive feedback.

Wew, lad.
Your bait sucks too.

July was a raging bull market. You couldn't pick a loser in July if you tried.

I'm glad that you're "portfolio" is so small because I honestly don't like to see people lose their money, even when they seemingly deserve it. I made the same types of mistakes as you when I was that inexperienced, so I won't condemn you too harshly. Hopefully you'll get some wisdom sooner rather than later.

>you could share some productive feedback
Day trading, swing trading, momentum trading: don't do them.

I picked plenty of losers. You're talking out of your ass.

Just because most of society is 1 step above animals and are degenerate, doesn't mean they couldn't trade if they actually tried to. Where did I say I'm smarter than everyone else, special skills, talents? I claim that intelligence doesn't matter? If you can't infer meaning from sentence (reading comprehension) then I'll reiterate it just for you.
All that it changes is how fast you can adapt/learn/figure it out, any single human can do it, except maybe some downs syndrome people. My own intelligence/IQ score however you'd measure it, wouldn't change the fact that I view society as a feedstock, such is the view of politicians actually.

Some kind of governmental/institutional education has got nothing to do with you being smart or having high IQ. You don't necessarily have to be genius to trade, I said that it helps you. As I said, you're looking at unrefined data, lots of stragglers, not actual traders. Chances are, data is skewed, maybe even narrative related. If you don't know how to drive a bicycle and never did it before, doesn't mean that when you jump on the bicycle you'll be able to drive it.

I mean, I could go on and address your baseless claims, but good thing everything is in text on this board and don't think even arguing with a person like you is ever going to work, in fact, I addressed this point already.

It has got nothing to do with actual trading though.

Some funds have been there for years and consistently beat the market, check the performance of the big names.

Actually it can be scientific, phds are hired to find how to model stock price or make machine learning algorithms to predict it. There are less and less human traders.

It does not mean you cannot make gains as a human, Navinder understood how algo worked and played with them (a little too much).

>Some funds have been there for years and consistently beat the market
Of course, how could it be otherwise? Why would entire infrastructure exist, why else would people do it and so on? Simple, because it works.

Yes, market is completely driven by robots, it's obvious the trading ``art'' is dying, really I think the market some 10 or more years ago was somewhat different.
Does it matter/should it matter to me? Not at all, it's completely irrelevant to what I do, I just trade and make money. It's somewhat useless information that doesn't actually help you trade or locate setups/earn you more profits. As any kind of strategy that would revolve around algo trading is simply an strategy for trading itself, what's the difference in the end? You do what works.

i only trade when i know im right about something

yesterday i earned £300 from selling GBP to USD on etoro
because mark carnage was going to lower interest rates

so that was pretty easy.

i usually wont trade for ages now but im going for the bitcoin meme and buying the dip. low risk low leverage though

>Not to mention, no one says its "impossible" to beat the market. It's just highly improbably and unlikely. Pointing to a few examples of "superstar" investors who outperform only proves how rare and non-repeatable it is. Yet stupid people think "they did, so I can do it too."

Also not really related to your post, but that's literally the meme that this video is based off of
youtube.com/watch?v=y_ZmM7zPLyI

>Just because most of society is 1 step above animals and are degenerate
is over there, faggot. Your kind not wanted here.

Why do I need to do the research for you? If you have a point to prove, then prove it. I'm not going to waste my time looking up facts that I already know.

>Why would entire infrastructure exist
To make money off suckers like you. Duh. Keep on trading kid, You're buying someone a new vacation house, and it sure as fuck isn't you.

Not sure who you reply to, but regardless.
The entire sentence you quote could be applied to nigh-on absolutely everything in real world. From something as simple as basketball to tennis, golf, skiing you name, it doesn't matter what. Everyone can do it.
You're literally looking at people who are best and complaining that you can't be the best one yourself, there's a reason they're best.

Now, is everyone going to become millionaire/billionaire etc whatever fuck else?
No. Why? Because then everyone would be golfers/basketballers whatever fuck else and everyone would be millionaires and super stars, but that's unsustainable and only achievable by very small segment of population. But it doesn't mean you can't play it or do it. There's a middle ground everywhere, nothing is black and white, stop looking at extremes.

Oh, and in that case your millions would be worth 0, because money is based on some sort of scarcity(what is inflation, bonds etc) so you'd need to have trillions to have something of worth.

It's like riding a bike for first time. You'll try it, you'll fail after driving 2m fall off of it and call it bullshit, because how in the world could you drive on 2 wheels without support? Makes no sense to me. Really, bicycles pure witchcraft, powered by fairy dust. Some people make it in 1 year, some take 10 years. Virgin complaining he can't get a girl? You know, with enough practice he would, it's not even a question of IS he's going to be able to get laid, it's a question of WHEN. Chances are, if you're super average you're not gonna get laid 100% of the time with girls that are 10/10, but there's still a chance you could get, common sense is all it is. How many more examples should I go on?

Why are you posting meme videos when we're trying to have an adult conversation about the academic study of investing? Fucking children. Youtube does not contain the wisdom of the world. Sometimes you actually have to read, the old fashioned way.

>Why do I bother?

>A millionaire is automatically going to be more confident and have more freedom to spend time doing fun things. A "wagecuck" as is called on Veeky Forums would be too stressed out and angry most of the time, and that emits a negative aura to everyone
100% meme

Ok bby, it's just luck, get over it. I lost millions now I'm trying to shill so that others could lose it too, out of grief. You got me!

Don't really want to repost already posted charts, but when I wasn't discussing trading, I wasn't making new screenshots during the time.

>it's just luck
You're actually learning. There's still hope for world.

faculty.chicagobooth.edu/john.cochrane/teaching/35150_advanced_investments/Luck versus Skilll in the Cross Section of Mutual Fund Returns.pdf

Just luck, I tellin you, keep away!
Just hundreds of trades with 80-90% win rate, just lucky hundred times in a row. I guess I go flip coin next time and get heads always, too. Should I buy lottery ticket, maybe?