There is such a strategy, its called "adapting".
Didn't you read my post earlier? I said I also daytrade, but only when market conditions favor daytrading i.e 2008, 2020. Any decent daytrader...
My point is it took you forever to realise you didn't have an edge, 35% return over 10 years is puny relative to the time that was wasted on...
I wouldn't be surprised because I too daytrade (when market conditions are great for daytrading), its dumb to aim to make consistent money...
A whole year? Try 10 years. I think he would have done far better if he had just stuck his money in the SPY since 2011. Trading (any sort) for...
Longer term approach doesn't work for everyone, some traders have trouble holding on to a position even if its only for a couple of days.
Only a fool/amateur would try to make 10k a day with 450k capital, thats a 50% monthly return or over 600% return a year, you'd have to take on an...
Some market conditions favor day trades, others favor longer time frames. A good trader knows how to adapt to market conditions, there is no best...
It is tough because it leaves no room for error. There are daydreamers here who think they can average 1% a day (thats ~250% a year btw), the...
What he said.
Diving into something that one isn't familiar with can be disastrous, imagine trading CL without the knowledge that inventory numbers are released...
Yeah but most traders only trade 1-2 products, it takes time to know a product, not advisable to run around chasing something just because its moving.
I too doubled my (7 figure) account in the last 2 years, any decent trader should have been printing money during this time of great volatility....
IB should count themselves lucky, this thing could have bankrupted them easily.
You've gone off on a tangent here. The issue is not with the margin requirements, it would have been more than adequate if IB's system was working...
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