Struggling to find my trading edge. Any advice Veeky Forums?

I've spent 1000s of hours trying to come up with a robost trading strategy. It works out well when I backtest my strategies but when I actually trade, an entirely different story happens. It turns out my profits never reach their targets, and my stop losses get breached frequently. If I lower my stops even further and profit targets, my stops still get breached and my P/L ratio drops. I practically blew my account when I removed my stops and tried to ride out the dips...

I've even looked into options but again the main problem I'm facing is getting the direction of the trade right. Tried selling calls / puts but it just fucked my trading account even more because I got the direction wrong whenever a sudden pump or dump happened.

So any advice Veeky Forums/?

>inb4 sexually suggestive phallus suction remark

Yeah just make it buy low and sell high

I would do it myself but I'm to intelligent too get involved in making money

Reading stories of BTFO daytraders makes me feel comfy

>thinks he can beat the market with lagging indicators and chart patterns

neck yourself loser

Christ, I'm starting to fucking hate this board, When someone asks a legitimately stimulating question, the amount of bullshit you people come to serve shocks me, like who the fuck are you? There's been a trend of increasingly shitty responses and more and more crypto. Future's looking bright. Consider this a bump OP.

>It works out well when I backtest
lemme guess, free ids?

>Christ, I'm starting to fucking hate this board
Then fuck off back to plebbit investing, normie. This is a strictly crypto board.

>backtest
Survivorship bias

Anyone with a successful strategy will not reveal it.
Mine is 30%/year consistently and I'm sure as hell not giving it up.
Hint: it's very, very simple, does not involve neural networks, and definitely not astrology-tier """technical analysis""".

If you constantly make the wrong call, just do what you think is wrong in a situation, and all of a sudden you're in the green

>This stock is gonna go up!
>Short stock
>Stock goes down
>$$$

Give us a hint atleast. I doubt people would even understand your strategy even if you revealed it

>"TA is shit!"
>ignoring all sucsessful TA and TA/FA traders

Nice. Do you even stock market bro?

>im too intelligent
>buy low sell high
y-you mean this c-could actually work?
has anyone tried this?

I've also struggled with this.

Robust and conservative order execution emulation is the key to good backtesting. Foolishly optimistic simulation of Stop Limit orders had me in exactly your situation a few years ago.

Each broker has their own internal handling of Stops which is very difficult to simulate in backtesting so I don't use them, I do my own "triggered submission of a limit order" so that my backtests are more realistic with stop-loss lines being breached. It also allows more sophisticated exit behavior than "hope we get a fill at this line if it's crossed."

Also: identify the market behavior that's killing whatever strategy you're working on, and then design a strategy specifically to exploit that behavior. Trying something radically different can be great for breaking through this kinda writer's block.

Tried daytrading today, turned my 100 dollars into 113 dollars.

My plan is to just to buy stocks on whatever investing.com's technical analysis on the pre market says is going to go up. Put my loss rate low, and make sure to snab any profit that occurs during the next hour or two and leave for the day

any chance i can make consistent small profits this way?

Same here. Daytraders are bottom-feeders.

The only reliable way to make money on securities is to buy them at a steep discount which should overcome any short term risk and volatility.

It's a really simple concept, but learning how to evaluate the actual value of an issue versus its market price is a complex and poorly defined craft.

You are literally asking how to win at roullete on a casino you fucking nigger.
No one can help you but yourself, by stopping that daytrade nonsense, and put your money in:

A fund
A business
A stock portfolio (long term)

And if you still want a little bit of gambling with better odds, buy 3 of the top 10 cryptos. (LTC is a must right now).

The thing is that everything is overvalued nowadays and the market of public companies has severely shrunken in size. Unless you're a high net worth individual with access to VCs you're losing out on the best gains.

ja i get hard when ppl post big robinhood loss charts

The secruties have been blown way the fuck away from their net asset values with the money printing scheme that went on since 2008.

I'm weary of all of them, so I just buy indexes and premium corporate debt.

Just an idea, instead of day trading strategies etc, why not put the work in and research the sectors you are interested in investing in, look for unfulfilled needs in those sectors and find which companies have products and services in the pipeline that will fulfill this needs?

Pic unrelated.

Learn how to trade properly.

Tastytrade.com

Don't thank me, thank them.

Jaw muscle & deep throat training for consistent improvements in speed and customer satisfaction, for more customers per night at raising rates, resulting in +30% profits per year on skid row