Daedalus

📈 Full-time Commodities Trader.
Personal musings. Not financial advice.

[Daedalus @daedalus_8080]

In the land of the blind, the one eyed man is king.

[Daedalus @daedalus_8080]

@AthenaRiseX C. Show me the RR.

[Daedalus @daedalus_8080]

@SJosephBurns 100%. Some of the largest losses in this game come from doctors and attorneys who think their education and diplomas give them some kind of edge in trading. High income jobs means high income losses. That’s what happens when you think you’re smarter than the markets.

[Daedalus @daedalus_8080]

@wannabechamp Btw- this isn’t an jab at you. If you look at what you spent in exchange for the payout- you killed it with a monster return 99% of people will never see. Congrats all around! 🙌

[Daedalus @daedalus_8080]

@wannabechamp You didn’t make $100k in a brokerage account, you made it in a prop account where there are rules that change every dynamic of your profits in exchange for the cost of a prop account. Not bad. You can always jump ship and trade a brokerage if you don’t like prop terms though..

[Daedalus @daedalus_8080]

@AthenaRiseX You basically are trading a brokerage account— it IS different. Size down big time until you start feeling comfortable again. Dont change your strategy- just size down majorly. My mentor always says “it’s not how much you make, it’s about how much you don’t lose.”

[Daedalus @daedalus_8080]

@aw_trades_ Great job! I’m still wondering why you work. This is more than a months salary for most people. Why not focus on trading full time? You’re killing it!

[Daedalus @daedalus_8080]

@AthenaRiseX 1:1 is running full speed on the hamster wheel- if you’re scaling it’s even worse counting fees and commissions. Give me a 20-30% win ratio with a 3:1 / 4:1 rr. I don’t need to be right very often to be profitable with that model.

[Daedalus @daedalus_8080]

@TheH0n3stTrader Completely doable as a swing trader. Know many doing this with better risk to reward than 1:2. No billionaires, but definitely millionaires.

[Daedalus @daedalus_8080]

@AthenaRiseX Good question. I generally take positions until after 12, which at that point I’m scaling out of positions or closing entirely.

[Daedalus @daedalus_8080]

Payout prop traders vs. real traders is night & day. Take away the prop accounts & 99% disappear. Why? They never learned risk management. They blow up accounts on repeat & depend on the prop model to survive. If you're gonna trade props—learn to manage RISK, not accounts.

[Daedalus @daedalus_8080]

@AthenaRiseX That kind of psychology will make it difficult to be successful at trading. Not healthy to live in the past.

[Daedalus @daedalus_8080]

@CRT_femme A little of all. For me it’s a skill that’s developed into a business which I run, so it’s like a job in that sense. Wouldn’t call it an investment though. Trading is much more closely related to gambling than buying and holding stocks for years. We trade risk short term.

[Daedalus @daedalus_8080]

@VClouette Is this a trick question? Profitable prop traders can make money blowing accounts but trading your own money you can’t. The ultimate is both- which profitable brokerage traders can do but it takes longer because you’re managing risk differently.

[Daedalus @daedalus_8080]

One of the reasons I open up Twitter (despite a lot of negative noise on here) is because of traders like @markminervini . His posts are gold for those paying attention.

[Mark Minervini @markminervini]

Chess has no luck component. Both players see everything, there are no random events, and for any position there is theoretically an optimal move. If you play perfectly, your result is determined entirely by the sequence of choices made by you and your opponent.
Backgammon is different because the dice introduce uncertainty. You can make the statistically best move and still lose because of an unfavorable roll. Conversely, someone can make a bad move and get bailed out by luck.
That's where it starts to resemble trading. A skilled trader isn't trying to know exactly what happens next; they're making decisions based on probabilities, risk, and expected value. A great setup can fail. A lousy trade can occasionally work. The quality of the decision and the outcome of that individual decision aren't necessarily the same thing.
The major difference is that backgammon still has fixed rules and mathematically defined probabilities—the odds of rolling particular combinations are known. Markets don't even give you that luxury. The probabilities themselves are uncertain and constantly changing as conditions and participants change, which is where skill and experience come in.

[Mark Minervini @markminervini]

Chess has no luck component. Both players see everything, there are no random events, and for any position there is theoretically an optimal move. If you play perfectly, your result is determined entirely by the sequence of choices made by you and your opponent.
Backgammon is different because the dice introduce uncertainty. You can make the statistically best move and still lose because of an unfavorable roll. Conversely, someone can make a bad move and get bailed out by luck.
That's where it starts to resemble trading. A skilled trader isn't trying to know exactly what happens next; they're making decisions based on probabilities, risk, and expected value. A great setup can fail. A lousy trade can occasionally work. The quality of the decision and the outcome of that individual decision aren't necessarily the same thing.
The major difference is that backgammon still has fixed rules and mathematically defined probabilities—the odds of rolling particular combinations are known. Markets don't even give you that luxury. The probabilities themselves are uncertain and constantly changing as conditions and participants change, which is where skill and experience come in.

[Daedalus @daedalus_8080]

@_claudiarea Can’t say I’m surprised. Twitter seems to have plenty of toxic texts— sadly maybe more toxic than constructive.

[Daedalus @daedalus_8080]

@Praeenz If you really want this- first, see how long you can keep an account — forget a payout, how long can you keep from going bust. If you really want this- you need to control your losses man. You must be risking like 100% per trade or something high, am I right?

[Daedalus @daedalus_8080]

@fredtrades You’re “close” when you’ve stopped losing money and have moved into the breaking even stage. Much like a chart- you’re not trending down losing capital, you’re now chopping and breaking even but not yet trending up.

[Daedalus @daedalus_8080]

@CRT_femme Great video / reminder— the problem is traders who do not know why they’re failing. If you don’t know your mistakes- you can’t fix them. This is why trading is incredibly difficult. It’s not like every other business- those are easier to succeed at.

[Mark Minervini @markminervini]

If AI can trade stocks so well, why are all these AI-managed portfolios at Fidelity, Schwab and elsewhere struggling to even beat the S&P 500?
And where are the AI portfolios winning the U.S. Investing Championship?
Backtests and predictions are easy. Show me the audited, real-money results. That’s where the bullshit stops.
The answer is because it can't. There is zero evidence of any enduring or consistent results from purely AI or computer manager portfolios that can even outperform the S&P 500. Fact.