I am a professional trader. AMA

[Seth Walsh]

Title.

 

[shizuku11111]

how did u start off, did u have money when starting

 

[Sceptical]

Give me money nigga

 

[twilight]

what sources of knowledge do you recommend for learning

 

[killyourselfASAP]

worst losing streak?

 

[Seth Walsh]

how did u start off, did u have money when starting

Started off just by being very interesting in trading. Buying and selling trading cards when I was a kid. Practicing trading strategies, studying finance, then finally working as a trader. You are in effect, a product of where you spend your time. So I guess it's just a passion of mine.

 

[Seth Walsh]

worst losing streak?

Like personal money? Losing millions in cryptocurrency.

Other than that - nothing too crazy. Just normal drawdowns.

 

[Seth Walsh]

what sources of knowledge do you recommend for learning

100% the "Turtle Traders".

Richard Dennis writings. Podcasts with Jerry Parker, Michael Covel etc. Ed Seykota is really cool too - he's a real expert who kind just did his own trading, but he stuck to a winning system.

 

[CD34]

teach me bro i need money for bimax rnnnnn

 

[shizuku11111]

Started off just by being very interesting in trading. Buying and selling trading cards when I was a kid. Practicing trading strategies, studying finance, then finally working as a trader. You are in effect, a product of where you spend your time. So I guess it's just a passion of mine.

what would you recommend someone who wants to start off such thing to do, what to pay attention to, who to learn from etc

 

[asdvek]

Started off just by being very interesting in trading. Buying and selling trading cards when I was a kid. Practicing trading strategies, studying finance, then finally working as a trader. You are in effect, a product of where you spend your time. So I guess it's just a passion of mine.

Yeah yeah whatever just shut the fuck up already
Always the same story "i would buy and sell stuff as a little kid broo "

 

[Seth Walsh]

Yeah yeah whatever just shut the fuck up already
Always the same story "i would buy and sell stuff as a little kid broo "

Your negativity is useless.

 

[Seth Walsh]

what would you recommend someone who wants to start off such thing to do, what to pay attention to, who to learn from etc

Look up trading strategies. Long term systematic approaches. Trading uncorrelated markets. Position sizing, stoploss management etc. Look for assymetric payoff always but systematise things. Do not trade randomly or without rules. That's why I tort the Turtle Traders. It's really easy to read and their rules are public, and they're still very practical and effective to this day!

 

[Deleted member 126365]

Your negativity is useless.

does money get bitches looks or money?

 

[omermaxxing]

Title.

I want to delve into trading and earn a substantial living day to day basis you know? I wish to earn roughly 3k per day what would you do beginning from scratch with 0 knowledge? I want to delve into forex and crypto along btc spot trading mainly so I am curious on ur opinion and ty for taking ur time out of ur day for the AMA people need to appreciate effort.

 

[lestoa]

does money get bitches looks or money?

what ?

 

[omermaxxing]

does money get bitches looks or money?

Looks, Money and Status = ultimate freedom and access, looks alone or status alone or Money alone leaves that freedom unachieved

 

[lestoa]

Title.

I dont really know how to start.

 

[Seth Walsh]

I want to delve into trading and earn a substantial living day to day basis you know? I wish to earn roughly 3k per day what would you do beginning from scratch with 0 knowledge? I want to delve into forex and crypto along btc spot trading mainly so I am curious on ur opinion and ty for taking ur time out of ur day for the AMA people need to appreciate effort.

Well my opinion is you'll 99.99999% lose ALL your money if you start trading regularly. So would anyone. It's all about risk controls, probabilities/payoffs and acceptance of the COMPLETE unpredictability of the markets. The markets only move based of the collective psychologies+actions of ALL its participants at any given time, and that can't be reverse engineered since its collective human behaviour. So I'd say spend years refining trading rules and risk parameters into a system that makes money in the long term. Backtesting with lots of historical data across as many markets as possible is very helpful.

 

[Deleted member 126365]

y

Looks, Money and Status = ultimate freedom and access, looks alone or status alone or Money alone leaves that freedom unachieved

yea i guess...
fuck if only i had money bro id ascend to the moon

 

[Debetro]

How old are you?

 

[Deleted member 126365]

professional gamber

Well my opinion is you'll 99.99999% lose ALL your money if you start trading regularly. So would anyone. It's all about risk controls, probabilities/payoffs and acceptance of the COMPLETE unpredictability of the markets. The markets only move based of the collective psychologies+actions of ALL its participants at any given time, and that can't be reverse engineered since its collective human behaviour. So I'd say spend years refining trading rules and risk parameters into a system that makes money in the long term. Backtesting with lots of historical data across as many markets as possible is very helpful.

 

[lestoa]

Looks, Money and Status = ultimate freedom and access, looks alone or status alone or Money alone leaves that freedom unachieved

LMS is true, but if you dont have the looks - money and status is useless

So looks is imo still the most important part.

 

[omermaxxing]

I see and as for learning from scratch u recommended learning from turtle trader in above threads. I wonder did trading become easy along the days or is it as hard as it has been when you started with 0 technical or fundamental knowledge?

Well my opinion is you'll 99.99999% lose ALL your money if you start trading regularly. So would anyone. It's all about risk controls, probabilities/payoffs and acceptance of the COMPLETE unpredictability of the markets. The markets only move based of the collective psychologies+actions of ALL its participants at any given time, and that can't be reverse engineered since its collective human behaviour. So I'd say spend years refining trading rules and risk parameters into a system that makes money in the long term. Backtesting with lots of historical data across as many markets as possible is very helpful.

 

[omermaxxing]

LMS is true, but if you dont have the looks - money and status is useless

So looks is imo still the most important part.

That's why I ranked it looks, money and then status, because M and S (money and status) are very corelated and if one increases the other does too except in certain conditions (just in agreement with you) I need to finish the looks part soon and let the remaining of 20s be a mogger and work on MS and achieve it by late 20s no matter what.

 

[Seth Walsh]

I see and as for learning from scratch u recommended learning from turtle trader in above threads. I wonder did trading become easy along the days or is it as hard as it has been when you started with 0 technical or fundamental knowledge?

It's always hard.

 

[omermaxxing]

It's always hard.

I wish it got easier lmao because rn demo and paper trading I find it equally hard

 

[Deleted member 65279]

i thoght you did dropshipping why didnt you mention that in your previous thread?

 

[facesmaxxing]

Title.

DM me your portfolio

 

[Seth Walsh]

i thoght you did dropshipping why didnt you mention that in your previous thread?

I never did dropshipping.

 

[Defeatist]

Do you ever see yourself becoming a quant?

 

[russwestbrook]

Did you hit trump?

 

[Deleted member 121435]

Many people say it's based on luck

Is it true

 

[Seth Walsh]

Do you ever see yourself becoming a quant?

Yes!

 

[Seth Walsh]

Many people say it's based on luck

Is it true

No

 

[Seth Walsh]

Did you hit trump?

No

 

[Defeatist]

Yes!

Smart guy,

How long will this crypto cycle last

 

[Defeatist]

Is Sol going to go any lower so I buy it at a discount?

Is the rest of the year going to be a bear or bull market ?

 

[Seth Walsh]

Smart guy,

How long will this crypto cycle last

I don't know. You'll be able to trade the crypto markets forever so long as they stay liquid and so long as they don't all move sideways, forever.

 

[Lefor3Laser]

Title.

Is investing in dogecoin a good idea since Elon is backing it up?

 

[Seth Walsh]

Is Sol going to go any lower so I buy it at a discount?

Is the rest of the year going to be a bear or bull market ?

I can't predict the future unfortunately.

 

[Seth Walsh]

Is investing in dogecoin a goid idea since Elon is backing it up?

Maybe. Don't know.

 

[Defeatist]

Thank you Seth you’re the man

 

[Defeatist]

Also, is it true that world events affect the market , like the war in Ukraine has a tool in the market.

Hypothetically, if there were no wars, would the worlds economy boost unprecedented?

 

[aloooeJIEEES]

Title.

What's calc

 

[lcberg04]

What would you recommend to the average guy that wants to invest / make some money in the markets but isnt into trading / does not want to look at the charts all day (even if he would he would probably lose money in the long run) ?

 

[Lefor3Laser]

Also, is it true that world events affect the market , like the war in Ukraine has a tool in the market.

Hypothetically, if there were no wars, would the worlds economy boost unprecedented?

Yeah it does affect them sadly, same as for gold and any other stuff that have value.

 

[Defeatist]

Yeah it does affect them sadly, same as for gold and any other stuff that have value.

Welp then

I’m just trying to understand the markets

The market is like a big game theory sorta

 

[Seth Walsh]

What would you recommend to the average guy that wants to invest / make some money in the markets but isnt into trading / does not want to look at the charts all day (even if he would he would probably lose money in the long run) ?

Passive investing through broad index funds with top stocks, if tax efficient.

 

[lcberg04]

In trading there is always a winner and a loser right? You cant make money without someone losing money right? What makes successful traders so different to the vast majority of people? I mean how can there be a few people that make a lot of money consistently over long periods of time if most people that trade lose money ?