His explanations…
horribly bad reasoning even on the surface.
Bunch of claims that could be made backtestable…
(in the past when X happened did Y happen?)
… and if he did he could easily see they’re not remotely true at all.
All feels like a poor-man’s cheap impression of the things a smart trader might say his thinking process was, getting it all horribly wrong.
Notice too how these most retarded day traders stick to the high-caps: Just like scammers love to bring in marks by dropping the biggest celebrity name and top blue chip investments — this seems to be the converse, the most retarded marks loving to stick to the top high-caps.
FWIW: imo yes day trading for individuals, for anything beyond defensive hedging is suicidal, much preferring extremely early stage medium-to-long-term investing + very long term unleveraged late-stage holding.
E.g. often it’s requiring you to predict nearly impossible to predict black swans, like the particular day that FTX would massively dump because they were secretly running a ponzi. Pennies in front of a steam roller.
But, try to tell any day trader who’s currently in profit these things and they’ll flip out. Ask them to try to manually backtest a single claim they’re making and they’ll flip out. Impossible to convince them.
Wreck the high-cap day trader morons.
Then we’ll be free to go higher.
horribly bad reasoning even on the surface.
Bunch of claims that could be made backtestable…
(in the past when X happened did Y happen?)
… and if he did he could easily see they’re not remotely true at all.
All feels like a poor-man’s cheap impression of the things a smart trader might say his thinking process was, getting it all horribly wrong.
Notice too how these most retarded day traders stick to the high-caps: Just like scammers love to bring in marks by dropping the biggest celebrity name and top blue chip investments — this seems to be the converse, the most retarded marks loving to stick to the top high-caps.
FWIW: imo yes day trading for individuals, for anything beyond defensive hedging is suicidal, much preferring extremely early stage medium-to-long-term investing + very long term unleveraged late-stage holding.
E.g. often it’s requiring you to predict nearly impossible to predict black swans, like the particular day that FTX would massively dump because they were secretly running a ponzi. Pennies in front of a steam roller.
But, try to tell any day trader who’s currently in profit these things and they’ll flip out. Ask them to try to manually backtest a single claim they’re making and they’ll flip out. Impossible to convince them.
Wreck the high-cap day trader morons.
Then we’ll be free to go higher.