/biz/ - Business & Finance

>>16644307
i've got about $50k total saved, meeting the $25k minimum isn't an issue. i still work a 9 to 5, but im on vacation so i can actually put in some time day trading for a change. im really just collecting data right now, the more this works with real money the more i will increase the amount i put in with each purchase. start with $1k at a time, then go up to $2k at a time, then $3k etc. i also keep a journal of my trades, reasoning behind the stocks im trading each day and their relevant news and fundamentals, and take lots of screenshots.

>>16644276
the funny thing is that it's a commonly held belief by the pros that you can be profitable in the long run by just flipping coins to decide whether to go long or short on any trade. what matters the most is trader psychology and money management. having a system just gives you higher odds than 50/50, the better the system the higher the odds.

stock trading is literally just finding high probability setups using proper risk and just doing the same shit like a robot over and over and over and over and over. it's a massive amount of work up-front but after you figure it out and have confidence in your system you just wash rinse repeat, it's just that most people don't want to put in all of that up-front effort because it is truly massive. i love looking at charts for hours every day, do you? do most normies? no, and that's what separates the successful from the masses of failures.