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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: y2kate who wrote (8514)	4/20/2024 8:05:11 PM
From: Sun Tzu	1 Recommendation Recommended By y2kate Read Replies (2) \| Respond to of 10711

Everyone's time frame should be the shortest interval for which they can win. As you have noticed, you cannot hold on to your gains in your trading window. This is a clear sign that you are competing against people who out gun you. I do not have a preset timeframe, but most of my positions are held for ~6 weeks. Some times they go on for up to 6 months, but that is rare. For example, during the past 3-4 weeks I am up 46% on my LABD position (the entry position is up 54%, last and 3rd tranche is up 15%). LABD is 7% of my portfolio. Over this same period, my NVDA short position yielded 34% gains and before I reduced it on Friday, it was 23% of my portfolio. Overall, I am up 20% during this period while holding an average of 40% cash. This is from about a year ago Time to harvest! With 3 exceptions, every one of these has produced a take profit signal and several are now short candidates. Almost all are less than 6 weeks old, so at the very least they are overextended. pic.twitter.com/rEDp9OIVhX — 𝘼𝙧𝙘𝙝𝙚𝙧 (@WallSt_SunTzu) December 6, 2022 It is not that the pros are not interested in long-term gains. It's that (for the most parts) they can make more money from short-term trades than long term. The other reason is that most professionals have to show short term results. Warren Buffett is an exception because his investors know his time frame. Everybody else has to show quarterly results.

To: y2kate who wrote (8514)	4/20/2024 8:21:53 PM
From: Sun Tzu	1 Recommendation Recommended By y2kate Respond to of 10711

SOX Monthly Chart I've marked where my bottom indicators synchronously bottomed on SOX. I didn't eve look at the price chart. Seems pretty regular to me. Certainly beats a simple dollar averaging method.

To: y2kate who wrote (8514)	4/20/2024 9:46:27 PM
From: Johnny Canuck	3 Recommendations Recommended By sixty2nds Sun Tzu y2kate Read Replies (1) \| Respond to of 10711

Watch Trader TV Live if you want to know what day trading on a prop floor looks like. Live Trading by TraderTV Live - YouTube Their most consistent trader only uses support resistance levels and an an ability to read the tape. He graduated to a full funded trader after one month of training 20 years ago. It takes discipline and a focus that does not suit the aptitude of most traders. It seems to suit people that like constant action and the excitement of the win. While you can learn the principles and the develop a style that suits you best, the reality you need to love the atmosphere that goes with it. When I have day traded it I have to shut the sound of the tv to screen out the noise in order to maintain the focus needed. Ultimately I find it more work than selling covered calls against my holding to generate cash. The hardest thing to learn in day trading for me was to learn when not to take a trade.