/biz/ - Business & Finance

Oh no PLTRbros we got too cocky!

is anyone here able to day trade profitably? feels like for literally any system you could come up with there is just as much possibility that you lose more than you win (relative to your risk/reward of course), that in the long run you're not profitable. market conditions change every day and no system actually predicts what is going to happen. just because you back test it and it worked in the past doesn't mean that it will work profitably in the long run in the future. every indicator or even chart pattern strategy wins and loses, for as many wins as i can find i can find just as many if not more losses. all the conditions are the same in each example but price can still do whatever the fuck it wants to at any given moment, just because "it should go down" doesn't mean it will.

i just find it hard to have faith in anything. i can model the data just fine it's just that literally price can do whatever it wants, sometimes it goes and sometimes it just doesn't. you don't know whether this signal will be part of a trend or part of some consolidation that literally just remains flat for potentially hours. any serious feedback would be appreciated.