/biz/ - Business & Finance

>>55706402
>shitskin detected
I bet you can't drink milk either.
>jannies, something something SPY SOXL financial advice

>>55479863
>I have yet to find a profitable, tangible system to trade
There is no system, you have to develop your intuition to where you can tell if traders are getting fucked or not and avoid traps. The setup or signal could be something very simple like
>price rejecting down from a lower high, wedge bottom, any other price action pattern
>shows of force like engulfing candlesticks, big wicks, big ass bars closing on their low or high, consecutive bull or bear closes above or below a moving average
>moving average crossovers, RSI spiking hard off support or resistance, or whatever indicator you want to use
Basically just define some clear setup and watch the market for opportunities, then git gud at reading the situation correctly and catching moves but also not getting trapped on fakeouts. It's not the signals or patterns that are most important, they just serve as a means to clearly present your brain with a situation. The magic is in how you interpret things. Over the years you may get better and better at playing your cards right, just keep pushing and fighting in the trenches until you get where you need to be.
And obviously control risk and your emotions, use a small position size until you're more consistent. If you can a wide stop is helpful combined with a small position size so you can still have low risk. If not at the very least have it above or below the relevant major support or resistance so you have a fighting chance. Eventually you may be good enough to use tighter stops.

>>51629767
>There is a way to get edge... but not many people will give you their method
There's no need to be cryptic. The answer is you have to paper trade relentlessly until you get consistently profitable, beyond what normies would be comfortable investing time and energy in.
If you really study and practice obsessively, control yourself and don't overleverage, and finally after extensive paper trading manage to survive more than a few years live, then your chances of making it increase by a lot.