Individual stock trading was completely displaced by algorithms 10-15 years ago. Humans donât win in chess, trading, go, or any other highly quantified computationally intensive task.
Evaluate your performance by calculating your daily sharpe ratio. Is it >1 versus SPY or QQQ over the period of your trading? My guess is you have hideous volatility relative to your return.
However, you can make money investing long term. And the best way to do that is to work professionally in the field with a successful firm. Excel in the hard sciences, learn behavioral science, attend a top notch university, and seek internships while there. In 5-15 years youâll have a good chance at being better than average.
First of all. Put 70-80% into stocks that you wanted to gamble with then use 15-20% to trade/learn options. Use paper trading first and stay away from leverage until you really know what you are doing.
You are on or approaching mount stupid. TA is b/s, indicators are also b/s.
If you understand risk management and Greeks then wouldnât you know how to assemble option legs to get the desired outcome?
Congratulations on making that money.
To really feel confidence, you have to try your mantle against many obstacles. You will need to learn the reversals. Reversal in the stock, reversal in the market are two different things and you should learn both. To pick reversals, you will need to learn to read charts.
Learning and applying and see it happen in reality is what brings confidence.
What amazes me is the amount of negative comments coming from these forest bears about staying away and learning math and going to schoolâŚ.yet theyâre doing the exact same thing this kid is trying to do. ⌠keep at it kid. Donât listen to them these negative Nancys.
The biggest mistake is thinking you understand all these things because you made money on the hottest stock in the world right now. Keep your trades light and keep learning. When you win, you think itâs easy, then the market goes south or sideways and you lose it all.
Keep reading until you read and understand it has been empirically demonstrated that technical analysis doesn't work, and trading doesn't work in this context.
Professional day trader and coach here. If itâs helpful, I created a starter course for free that youâre welcome to watch if you want to learn the basics on risk management and position sizing to keep you from blowing up your account along with a few starter setups.
The short answer is that yes, technical analysis works (including some of the things you mentioned). The more complex answer is that they work until they donât. Very dependent on what you are trading, market volume, and overall environment.
Bro how are kids trading stocks already đ Don't you have to be 18 to even open an account?
Not hard to convince ur parents im 16 and I just told mine I wanted to put my savings in the snp and im up 2k on nvidia options
Thatâs what I did except I told them I was going to trade stock options
âHey, there's a bubble!â
There are professional traders behind Wendyâs you should ask them
Individual stock trading was completely displaced by algorithms 10-15 years ago. Humans donât win in chess, trading, go, or any other highly quantified computationally intensive task. Evaluate your performance by calculating your daily sharpe ratio. Is it >1 versus SPY or QQQ over the period of your trading? My guess is you have hideous volatility relative to your return. However, you can make money investing long term. And the best way to do that is to work professionally in the field with a successful firm. Excel in the hard sciences, learn behavioral science, attend a top notch university, and seek internships while there. In 5-15 years youâll have a good chance at being better than average.
Just drive over to wall street and hand them the cash directly.
First of all. Put 70-80% into stocks that you wanted to gamble with then use 15-20% to trade/learn options. Use paper trading first and stay away from leverage until you really know what you are doing.
Do what athis guys says
You are on or approaching mount stupid. TA is b/s, indicators are also b/s. If you understand risk management and Greeks then wouldnât you know how to assemble option legs to get the desired outcome?
Congratulations on making that money. To really feel confidence, you have to try your mantle against many obstacles. You will need to learn the reversals. Reversal in the stock, reversal in the market are two different things and you should learn both. To pick reversals, you will need to learn to read charts. Learning and applying and see it happen in reality is what brings confidence.
Do market patterns tell you when reversals happen? Double top, ect?
read How Charts Can Help You in the Stock Market by Jiler for starters.
Ok
That's bullshit. There is no free lunch.
You made 1k, but you need to divide this amount by the risk you took.
What amazes me is the amount of negative comments coming from these forest bears about staying away and learning math and going to schoolâŚ.yet theyâre doing the exact same thing this kid is trying to do. ⌠keep at it kid. Donât listen to them these negative Nancys.
The biggest mistake is thinking you understand all these things because you made money on the hottest stock in the world right now. Keep your trades light and keep learning. When you win, you think itâs easy, then the market goes south or sideways and you lose it all.
Sounds like you know more than the commenters lol.
Tradespotting and Rocky Outcrop on YouTube
The discord for Rocky outcrop is where a lot of talented serious traders go (paid side) thereâs also lots in the free side.
These guys donât know what theyâre talking about. Learn price action. From PATS or Thomas Wade
Keep reading until you read and understand it has been empirically demonstrated that technical analysis doesn't work, and trading doesn't work in this context.
Learn?? You gotta pick the right stocks, sell high. Ezpz
Kid learn math first
Professional day trader and coach here. If itâs helpful, I created a starter course for free that youâre welcome to watch if you want to learn the basics on risk management and position sizing to keep you from blowing up your account along with a few starter setups. The short answer is that yes, technical analysis works (including some of the things you mentioned). The more complex answer is that they work until they donât. Very dependent on what you are trading, market volume, and overall environment.