@TheOneLanceB This concept also applies to a "big" account.
...the faster you try to double an account, the sooner you'll live in a van down by the river.
I was interested in the same question and asked AI to assist in some research on this. These are the results from Claude, shown in a few charts on the S&P 500 data.
Seems to be fading after 2000.
Despite this, I've personally had much greater success swing trading market leaders than intraday trading.
@mwebster1971 Your health journey and being a positive, proud dad, leading by actions and example and not words probably has a lot to do with it.
Well done. Winning on all levels!
@RichardMoglen What really amazes me about Darvas is that he did this via telegram on a weekly basis. His trading struggled as he became more active when he relocated nearby the exchanges. This was my biggest takeaway from Darvas, less is more; quality over quantity.
#BTC - in a 30 day consolidation holding the 50dsma and holding the $120k level at the moment. All positive.
Supply has entered market over $120k the past couple attempts. Cautiously optimistic that BTC is about to break out and continue its run to the MOOOOOON. 🚀
@TheOneLanceB Yes!
Also, why is it that after the first Stock Market related video I click into and watch the follow up video is someone getting punched, knocked out or shot?
...maybe X's algorithm is smarter than we think, the stock market knocks out 95% of participants.
Qullamaggie Motivation - How to Never Work a Day in Your Life
“Everyone needs to do this. If you haven't done this yet, if you're struggling, if you're not getting the results you want - you get TC2000. Click US stocks. There's almost 5000 stocks here.
Then you go to the monthly chart. Start looking at every stock that made a big move. Just go back and look.
Look at daily charts and even intraday charts going back 10, 20 years, 30 years. And then you start looking for patterns, okay? You will see the exact same setups I trade, they happen over and over again. And you're probably gonna find your own setups. At least 3-5 patterns that occur over and over and over again.
You need to build a foundation. You can't just trade blindly, following some other trader, being in these alert services, no. You need to develop your own expertise. You need to develop your own setups. Things you believe in. Things you have backtested that you know work.
That's pretty much where all your problems stem from, not knowing what the heck you're doing.
You need to spend at least 1000 hours doing that study. If you do it 3 hours per day, it's going to take you a year. And you will have a skill for life. You only need to do it once. And you probably won't have to work a day in your life.
But you need to do this, OK?