TELL ME HOW RETARDED I AM:

TELL ME HOW RETARDED I AM:

this question went unanswered in my previous thread

im contending that i can average a .05% daily return on my investments in the stock market but everyone's telling me im retarded and im starting to believe them. i just dont know what im missing here.

>look back at KO's (or any stocks) recent history
>rsi is fairly reliable in indicating past trend reversals
>buy when rsi goes below 30%
>sell when it goes above 70%
>set rsi to short time period

what goes wrong here? rsi seems to predict trend reversals pretty accurately

>hindsight 20/20
well its pretty reliable in the past so why not in the future

btw same can be said for moving average convergence

heres the thing about discussion like these, its just theoretical BS that usually doesnt mean shit in practice. if you truly believe you can make .05% daily then go ahead and do it and show yourself that youre right. if you fail.. so what, no big deal. its so common for beginners to plan shit like this.. "if i just make X per day and i compound it for years ill be a billionaire", yet pretty much nobody seems to be able to do it in practice.

will do. this will probably make you laugh at my ignorance but yesterday i bought 3 shares of AMD around noon and 5 minutes later sold for .05%. it was 25 cents but still. and i know that if i were to try it there would no question be loss days

another thing that many beginners forget is to account for slippage, commisions and other fees when evaluating the profitability of their strategy. you also need to account for swings in PnL, like you wont win everyday so if you want your average daily return to be .05% or more, your average winning day should be significantly bigger to account for the inevitable losing days/weeks.

all of these things, including your original question is stuff i thought myself when i started out in 2008, took me a while to learn that this shit is a lot harder than it seems at first. in fact, the hardest things about trading are things that most beginners dont even really know exists.

remember that trading is a trade type of profession, like being a plumber or a construction worker. you need practice to get good at it, thinking and reading will only get you so far.

good luck

obtaine 30k, lump sum scalps like you said you have done on AMD. im the one who said not to be greedy

i have 20k right now in the bank but thats all i have. don't want to put it all out there ya know? and not being greedy would probably be the hardest part. missing out on gains must be painful

if you go on youtube and look at previously live streamed day trading, people are able to do it. what are they doing that i can't do? obviously i need to learn a shit ton more about how shit works but i dont see how what they're doing is TOO crazy. and im sure i wouldn't be as good as them.

good luck harvesting 0,5% gains a day until you take a 5% loss and ops 2 weeks of work down the drain. Everyone says they can do this OP but its not sustainable. You need atleast 2 points a trade to decently cover comissions and slippage and not be caught off guard by unexpected losses

>what are they doing that i can't do?
probably nothing that you cant do if you learn a lot and practice with effort. when you start out youre going to be absolute trash. everyone is. thats why you start out small so you make your biggest mistakes with a relative small amount of money at risk. you make mistakes, and you learn from the mistakes. you make more mistakes and learn more. after repeating this for a long time you will hopefully be pretty decent. then you start trading bigger, you start making mistakes again and you learn from them. you repeat until you become good(or until you give up/go broke).