Quote:
Originally Posted by NemesisX
If you're making hundreds of thousands or even millions of dollars a year day trading with very small amounts of money (<=$100k) as a side hobby at the age of 18, don't let me stop you. More power to you.
But don't be surprised when people are skeptical that you're able to achieve annual returns in the realm of 800% ($2000 per day for 365 days with an initial investment of $100k) using nothing but amateur hour quant techniques (macd, rsi, etc.). If you're re-investing capital gains then it's more like 5000% (2% returns compounded daily through 200 trading days i.e. (1.02)^200, income tax notwithstanding).
Anyone with enough gumption to read a few hour's worth of text online can learn to use these indicators for day trading, but I'll bet you a nickel that 99.99999999% of them aren't achieving anywhere near the level of success that you're claiming to achieve so easily.
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All of what THIS man just said.