Is day trading profitable?

Trading
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Just out of curiosity, what do you think works in the market?

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Problem is in making an absolute statement like that. What you mean is that you couldn’t find something that was not like random entry. So you asked a question and then answered it yourself with no room for anything else. I do agree that there is no edge in R:R itself - that’s just nonsense as liquid markets are too efficient for that + costs…

Some very simple things do work. But it takes more effort in converting them in tradeable systems ( if possible, else edge is useless ) and we must execute with minimal/no error.

Lots of things in TA are probably garbage and superstitions though, so there is that.

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0DTE injections :100: :smiley:

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Buy or sell? :grimacing::face_with_hand_over_mouth:

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right question is: only for the ones who can move the price.
first buy and sell, then short and cover…

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It is a negative sum game. Only entity that has been proven to benefit from FnO is the Broker and Government. FnO is like Slot Machine, it is a negative sum game, what you have won you will ultimately lose if you continue to play.

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Not for all, but for most :slight_smile:
Either way, your statement is good enough for most :wink:

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People Love to hear Good Things about their Bad habits - Unknown

With great respect and even greater responsibility I want to reiterate: Technical Analysis doesn’t Work. No if and buts.

I know Mark Minervini, Stan Weinstein, William O Neil, Tom Hougaard , Nicolas Darvas , YouTubers , Tiktokers all have sold you dream that you will be rich if you follow TA . But only thing that matters is this : Have you become rich? What’s your CAGR?

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How to make money in stocks :

  1. Selling courses
  2. Affiliate Links
  3. Manage money for others
  4. Provide calls and tips
  5. Become a broker
  6. Long term investing (not guaranteed)
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You got the wrong guy… @VijayNair is in our trading room.

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I know that. Ignoring charges for the time being, it’s a zero sum game. So either of 1:2 or 2:1 works.
I am in no way defending TA. I even trade against TA. I just wanted to know what exactly you are implying here.
Also. Little interested to know how you trade.
Some background about the author is always required when you say something with so much conviction right.

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IMO this is for the ones who have failed in trading.

Not enough income.

And what if we lose money?
Then he will file a case against me. Don’t want. Too much risk re baba.

Not SEBI registered.

No money.

As long as you know how to pick stocks this is 100 percent sure to build wealth.

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  1. Making youtube videos/ Writing Articles(Educational/Explainers)
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Again, you say things with absolute certainty even though you don’t even know me or where i learnt from.

And again people keep saying TA works / TA doesnt work - as if its one thing that everyone does in the same way, What exactly is TA ?

Yup, in the end this is what matters - that and what kind of risk we are taking to make the returns. Rich is subjective, but i am comfortable and make much more than i need, profitable over last 4-5 years and using TA.

Not interested in disclosing returns, anyway its nowhere near what many others claim to make, but lets just say that for now i am making decently above 30% with DD < 15%.

I ll be very happy if i can keep compounding at even 25-30% for next decade+ while keeping DD in control. And i trade using ‘TA’ - which to me is basically looking at past repeatable patterns in price etc which work and hoping that they will continue to work + managing risk and uncertainty as things can change.

Its possible to trade for a living - very simple things do work. But probably this is not worth it for most people - just do sips and manage allocation.

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  1. Become a Minister. People will bribe you then by gifting ‘stocks’.
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Can you tell me your basic strategy, I am not asking for details, just basic idea . Anyways, Congratulations , at 30% compounding you beat both investors and traders like Warren Buffett and George Soros.

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  1. No.
  2. I can hear the sarcasm, but anyway - there is a lot of difference in compounding small vs large capital. And warren buffet did it for decades and started young. And india probably has less competition vs foreign markets today and maybe because of that we have slightly better edges available ( but also much more cost and less liquidity ). And intraday is lot different vs long term holding + we use more leverage.
    30% is very much possible for now trading intraday, i make more. Hell i could increase it above 100% before taxes probably if i throw risk out of the window and hope future will always be like past. True test of traders/investors is in long term returns / risk / survival.
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Profit ∝ WR
Profit ∝ RR

WR= Win Rate
RR= Risk Reward

2:1 system will not make money because you are reducing Risk-Reward which will reduce your profits as well (equation 2).

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Leverage is not beneficial.

Leverage doesn’t improves Risk Reward Ratio a bit . It can only transform a 1:2 strategy to 10:20 . And 1:2 and 10:20 are not same , the latter has exponentially higher Risk of Ruin.

So by using leverage you have increased your Risk of Ruin without increasing your Risk Reward Ratio.

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ok man, i am not interested in a lesson.

My DD i already gave that is after using leverage.
I would definitely prefer 30% returns with 15% dd vs 10% returns ad 5% dd for example.
At some point, it becomes too much and and unexpected situations then can blow up account. From what i heard, Buffet uses leverage too. Its a knife, can kill you or can be useful.

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