I can be Huge too

[antioch6]

So I daytraded everyday this week. I was up a few hundred dollars and down a few hundred dollars. I made sure that every moment I was watching the market, I was inside a trade or close to a trade. The commissions were adding up and after a couple mistakes I finished the week up after depositing more money in my account. I feel more prepared than ever to trade the next week, and the next month, and the next year.

My account is $2,959.77 and my income is $1,200 a month; $300 a week. I don't really need anything except money for a house, and a car.

I'm passing my days well with eggs and ham and cheese, milk, orange juice, gatorade and sandwiches; spaghetti and wine. I organized my trading platform to use Dow Jones, Gold, U.S. Dollar, U.S. Oil, and U.S. Wheat. Instead of dsytrading, I will be buying futures when they are going up, and shorting them when they go down. I've seen a lot of investing in my time, and I've decided that waiting long periods of time for goods to go up is a huge waste of time. Instead, if I'm going to trade, it's going to be on a full time base, and I will always be trading something in the market or at the house. Old fashioned investing doesn't help anyone and in my opinion slows you down.

I don't know how often I'll post my reports but I expect a meaningful result on a yearly basis. With that said, I'll go over my previous years results:

2024: $3,000 to $1,000
2023: $100,000 to $3,000 plus a Jeep Car
2022: $40,000 to $172,000

I hope this has been enjoyable and safe for everyone.

[antioch6]

So I am finally back from day trading with some conclusions. First, there is a huge waste of time in day trading. I don't have enough reason to wait for boring economic news to come out and for surprise 40 point moves in the market to wait around all day. Although I did develop some strategies that turn breakeven from non stop trading, my main finding is that there is no advantage to trade on momentum, up or down. These days everyone knows about buying on breakouts and there is no one left to buy in after the first wave. That means investing reverts back to old buy and hold investing. Trading on new news affecting earnings, watching p/e ratios, and looking to the future.

My main problem has been a rush to invest from my father, who is the only one giving me money. Now he is in a crazy home and I'm back to where I started, since 2010, waiting for a large stock market drop to bring valuations to attractive levels. I haven't seen one good company worth investing in since 2022 and I'm still waiting. Earlier this year, I thought FFTY looked good, based on it's p/e ratios of 17, and considered the above average level of companies in its portfolio. That was mostly on investors business daily type people creating a market for the stock at high levels. It's not perfect but there are not many alternatives if you care about value.

The market has been mixed with the Russell 2000 and smaller companies going through a loose wide range of ups and downs while the s&p and ai start to swing up and down but end up higher.
I am starting to see patterns between my finances each year and the overall stock market story. It has been a desperate climb from the 2022 lows based on housing prices and ai investing hype, backed by the government. There has been a huge quantity of loose money in the economy. Maybe that is the nature of our economy, large sums of money distributed carelessly. Then there is the eventual sales push and a removal of the money leading to care. Now, at this point in the stock market and the economy, I have gone through my highs and lows of wealth. I have no money, but I have everything I need, paid for. It's like looking at a machine in parts instead of being part of a machine. The stock market is hopeful, and the rise from the 2022 low to the 2025 high is based on optimism and hope, but there is not a reveal in earnings yet. I think of MrMarket being cautious on stocks, and now it seems so obvious, because of the earnings. I might be a little jealous of Louetta, who can trade high p/e companies and make money, while I am trying to short HYFM and EL. I was doing okay several times until I got sent to the hospital. Well this time around investing is a hobby to spend time. I enjoy looking for stocks and running a stock screener. As far as I'll ever go when it comes to work.
Part of my fault in trading has been not needing the money, so I've had no motive, but I also avoid all the immoral things that go with making money off someone's losses. So again, I don't need any money, but investing in a company is exciting and fun to me. Aside from my supermarket and online stores, I don't use any other businesses.

One thing I discovered in day trading is, if you are trading for the thrill like Jesse Livermore, you'll find it just as easy if you trade on a simulated program. When backtesting momentum strategies in thinkorswim in the simulated function, I found trading a programmed strategy by hand was as far as anyone can go in trading. The quick prices moving both ways and taking a chance to press the buy and sell buttons was all I really wanted to do.

I like predictable reliable strategies, and the one I keep going back to is value. What is value? It is a tactic based on the value of a business after it has gone bankrupt. Once all the products are sold, or when all the services are no longer needed, a business has a value. To me, that means it gives people something. Like people that are still paying for their AOL dial up service, or everyone still filling up their cars with gas, there is a reason why things stay. They give people utility, which is the basis of our modern economics.

So which companies are good to invest in? I don't see any value right now in my screener, at least the ones showing up with relative strength. Surprisingly, the companies that look good have poor relative strength like Sprout's Farmer's Market SFM or Conoco Phillips COP. These companies showed up in my short sell screen, but they used to be in my buy screen, so I was surprised. Maybe there is something wrong with the businesses, like something specific to Sprout's or a move away from oil but I can't think of anything for COP. That is mostly what it looks like with things on the buy screen like SONY with a higher p/e and up 100%+ from where I was trying to buy them in October 2022. So again I can't say there is merit in using momentum because of my experience with missing things that were crashing and losing on things that were trending higher. With all that said, I am using MarketSurge screener to find the best stocks to buy.