The Stock Trading and Shitposting thread.

Captain Suave said:

Obviously, since the very first thing you did upon arrival was to tell longtime members they're doing it wrong. The fact that Foler and Araysar are on your side in this tells the rest of us all we need to know. Your condescension schtick doesn't change any of that.

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ExGladius you'll see a lot of salty people like C Captain Suave here because people like Foler and myself are living prosperous and fulfilling lives we enjoy and are unashamed to tell others about it.

if I were you, I'd tell them to post their P+Ls or shut the fuck up and then watch them scurry away. They're driven by envy which they try to portray as modesty or decorum.

ExGladius said:

I never told people they were doing it "wrong," I don't have the data for that, on who is making what kind of profits...I also didn't look back particularly far because that thread was a pain to read even the small amount that I did. Seen and heard it all before, anyway. I just said the stuff in the investing thread is unnecessarily overly complicated and puts me to sleep, and suggested a BETTER way for people who are suited for this type of trading thing, based on my results and own observations. You know, data that I DO have. I'm not responsible for your misinterpretation or bruised feelings. Stop trying to make that the case.

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ExGladius I agree. There isn't a lot to day trading, it doesnt need to be complicated.

People can learn the basic mechanics, learn a couple a couple basic trading patterns, fine tune 1 or 2 strategies like ORB or reversals and with hundreds of stocks in play every day, they will have no shortage of opportunities to take money from others. They dont need to learn everything, they just have to be really good at 1-2 things.

The hard part is the execution because each time you fail it costs you money, sometimes a lot of money, but that is what paper trading is for.

Personally, I spent months paper trading every day in a $25,000 monopoly money account before I started live trading every day. Even in live trading I had some big wins early on, but also had big losses. Quickly figured out that minimizing losses was more important than nailing wins, and being consistently green was more important than the dollar amounts being won. My strategy was refined to essentially working only large caps to minimize risk of getting perma-bagged, cutting losers aggressively and quickly, and setting a daily goal of grossing 1% of total account value. So If I'm trading with a $50K account, I engage with very little risk to win $500 per day. Thats only $125K per year, but once that account grows to 100K, then it becomes $1K per day, etc. Things start to compound real quick at 1% a day.

This is why I laugh when people like Tmac rage at me for coming out of nowhere and posting stuff. They think I just start trading last month when in reality I started doing it 8 months ago to the point where I spent anywhere from 2 to 8 hours a day, every day, watching the markets, reading books, finetuning strategies in the simulator, running numbers on my P+Ls to identify weaknesses, filling out a trading journal, watching seminars, talking with other traders all the time on Discord, etc.

I didnt start out batting a 80% win rate and $500/day as my average P+L. It took work to get there.


P.S. Love having you here, we need posters like you who DGAF about what these pussies cry about

ExGladius said:

To the people here who matter... I'd love to see some of the best trade setups and wins the Stock Pals have pulled off, and get some commentary on how they were seen, the thought processes behind the trades, etc. Many channel lurkers would too, I'll bet.
Not that there's anything wrong with lurking. Much of the whole point, really.

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Here's a trade I executed back on 2/8/2024 playing ORB on $ARM.

Proof:


ARM reported earnings after market on 2/7 and price spiked from $77 and peaked at $107 before stabilizing in the $95-100 range. Trend line looked strong in premarket the next day so i kept an eye on it. I didnt have an opinion on what it would do at the open. It could surge, or it could easily selloff too seeing how it gained almost 33% overnight.



It started out very strong at $96 and was rapidly going up, I was very skeptical because it seemed way too overconfident. I was waiting to confirm that it could maintain strength after the selloffs cleared out in first few minutes. By 9:41 am, I had that confirmation and I entered with a 100 share position at $106 to test it out. 10 minutes later at 9:51 am I had enough confidence to add another 100 shares at $111.



I started seeing the selloffs around 10:05 and exited my entire position by 10:07 at 123.38/share. HOD for ARM was 126.59 right before I sold. It chopped sideways for a while but there wasnt enough buyers to keep going and it started collapsing into selloffs about 3 hours later



I made $2824 on that trade.

fris said:

here's the problem w/ most of hte posts in this thread. they could be fake. you're posting charts and adding arrows to when you bought in and sold. in the other thread, people are posting their buy-in when they buy-in. they're talking about what they bought before they sold, the why.

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Bro I hate to tell you, but in day trading when each trade is measured in minutes, I dont have the time to come here and inform you of it so you could read about it 12 hours later on your couch after the markets have closed. In Stock Pals discord, our daily sessions are easily over 1000 messages per day between a couple of people

fris said:

Why did Mist think Avaya was a buy, why did each SPAC talked about did someone think was a good buy, etc. you guys are posting historicals. maybe your entry point is so well timed you don't have time to post before you exit, i don't day trade.

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This isnt a thread for stock tips because we dont know what stocks we are going to trade the next day. We dont trade on fundamentals, we trade on sentiment and price action. There is nothing to discuss except post-mortem analyses or technical strategies

fris said:

the other problem is you're saying that you sustain returns that just aren't seen. 1% a day, would get you to a billion dollars in about 2.5 years.

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You're terrible at math but at least you're starting to get the idea.

There are a tremendous number of stocks that move 1% every day. Many move 2-3% every day. A much smaller number move anywhere from 5% to 5000% all day

Getting a 1% win every day isn't hard. But you have to stake capital where 1% is a meaningful number. Working with a $1000 account and getting $10 a day isnt going to get you anywhere. Working with a $100K account and getting $1K a day and now you're getting somewhere

Here's the heatmap of today's market. How many do you see moving down or up 1% or higher?

fris said:

I think i'm ok w/ math. 1000 to 100,000 only takes 15 months.

Month	Deposit	Interest	Ending balance
1	$1,000.00	$353.45	$1,353.45
2	$0.00	$478.38	$1,831.83
3	$0.00	$647.46	$2,479.29
4	$0.00	$876.30	$3,355.59
5	$0.00	$1,186.03	$4,541.62
6	$0.00	$1,605.24	$6,146.86
7	$0.00	$2,172.61	$8,319.47
8	$0.00	$2,940.52	$11,259.99
9	$0.00	$3,979.84	$15,239.83
10	$0.00	$5,386.52	$20,626.35
11	$0.00	$7,290.38	$27,916.73
12	$0.00	$9,867.17	$37,783.90

Month	Deposit	Interest	Ending balance
1	$37,783.00	$13,354.40	$51,137.40
2	$0.00	$18,074.52	$69,211.92
3	$0.00	$24,462.96	$93,674.88
4	$0.00	$33,109.39	$126,784.27
5	$0.00	$44,811.91	$171,596.17
6	$0.00	$60,650.68	$232,246.85

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You sure? Looks like you think the markets are opened 7 days a week. Go back and redo your homework.

ExGladius said:

Yup. 250 trading days per year, +/-

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We're dealing with people here who dont even know when the markets are opened. The same people complain and question you vociferously because you dont spoonfeed them easy money making tips that they can co-opt while offering nothing in return.

These people have the mindset of communists when it comes to the stock market, who just envy, steal and refuse to put in any hard work of their own.