@tradermike1234 I’m still working toward long term consistency but do have very good skills on the chart, and will die on the hill that the best you can do with high win rate is right around 1:1.2. That seems to be the sweet spot looking level to level with stop loss that has breathing room
Ai will then just be competing against ai, it will still create inefficiencies so that the ai can take advantage of them. It should essentially cancel itself out. But also a big difference is that compared to a normal job that AI can replace and lead to an employer firing you and/or entire professions no longer existing, brokers would have to no longer exist for anyone to not still be able to open up an account and trade.
@TheOneLanceB Always appreciate your videos Lance you are one of the few I know are legitimate.
Im curious how much you actively manage your trades once you are in them or if you mainly will enter the order with brackets and let it go?
Thank you.
You reach a point where the market no longer rewards your thinking.
All your thinking was done when you created your strategy.
Once you know what you are looking for, you will only be rewarded for clean execution, no longer your thinking.
Find something else to think about.
Both answers are correct depending on how you think about it.
Yes, risk management is more important bc you can have a strategy and the moment you ignore risk you will give back all gains.
But also no, because really risk management should be a feature of your strategy. I.e. stop loss at this level bc the play is no longer valid based on my strategy/setup.
@sweatystartup My mother in law started buying these, I think they are more around $7-8 in Michigan but local and incredibly good. So natural that you get cream that globs together under the cap.
@Chelzzzg_ 100% it’s when your emotions have taken over your rational thinking. It’s your brain thinking you are being attacked and trying to save you.
The simple answer is that gambling means the odds are never more than 49% in your favor. When gambling, the math guarantees you will lose money over a long enough timeline. The casino may win only 52% of the time, but no one says that a casino is “gambling”, their odds guarantee they will win.
If you have a strategy/edge in the market, you own a casino. You should know you will win say 70% of the time so over a large enough dataset you WILL make money. That is not gambling, but doing anything outside of a proven strategy, yes, is gambling.
Trading mastery isn’t about one big breakthrough.
It’s dozens of emotional milestones that whisper:
“Keep going. You’re getting closer.”
Just stay in the game.
$qqq $spy $nvda
Most people quit before it gets good.
Here’s what it actually feels like on the path to becoming a successful #daytrader —
The real benchmarks that tell you you’re close.
And then —
“Thank you, universe. Thank you, self. This is what pride feels like. I stayed in the fight. I’m making money.”
You’re no longer proving it to anyone.
You’re building it.
Living it.