Oh ok, I did look Groupon up, and only found UK.
Backtesting is done successfully, very widely.
He's wrong about perceiving what we know.
Obviously he's not a scientist of any sort.
Trading s about recognising patterns, using a couple of dozen or so bits of information, and assessing probablilities, while allowing for mistakes or variability..
You are always finding something to quote which you choose to misapply to whatever you can think of like a child so you can make some stupid claim that someone else is wrong. It gets you nowhere but presumably fulfils some need you feel - ask a shrink. I suggested reading the book "Games people play" by Eric Berne.
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"With all your 30% daily profits, you must be a billionaire by now.". Another stupid statement. You know I work with a pot that doesn't allow that.
Again you have some set of mental maladaptions to your lack of success which make you come up with crap like that, despite you knowing it's not true and makes you look silly. What word would you use to decribe someone like that? You go out of your way to make yourself look a .......?
No I don't write nonsense, .I make mistakes sometimes, sure.
I started - as I think I said, to get enough to secure my future. I've done that, so it's a pastime now. 10^5 was surprisngly quick. 6 wasn't very long, but the rate of growth was already limited by not letting the stake grow geometrically. 9 would have a lot of hurdles. I CBA to use it if I had it.
It never ceases to amaze my how people are incredulous so they have to make pathetic remarks.
Say you start with a grand.
Watch a few things which move. Small cap stocks in the premarket.
The meme stock Gamestop if you like. Often something crypto related, or the latest nuclear/ quantum fad.
If you're watching it and it's going up, so you join the trend. It'll often go from 30 to 31 or something in a day. That's 3%.
That's not all that difficult to find, not every day but say just twice a week. You're using CFD or SB so you're leveraged 5:1.
What does that get to in a year? I'll let you work it out.
@kingandy2nd you got that, right?
It's not too difficult to find 3%.
Dunno why but a word in my head is "Jerk"...... so I looked at Trump's stock, today
Are you seriously telling me someone "mildly intelligent", way short of someone doing a Physics MSc, couldn't buy when there''s a couple of greens, sell when there's a couple of reds, and get 3%, in just this last evening? The total move is 20+%.
If you got all that twice a week, your grand would become enough to pay for that shrink.
