To really be able to follow this advice, one would need to have a solid theoretical foundation and put it into practice by exploiting the appropriate machine learning models.
all fine, but there is no day trader who makes decisions based on the front page of a newspaper. Daytrading can work if you have a repeatable process based on specific patterns, a strict risk management and the discipline to follow the process.
As a long term buy and hold investor for decades I tried a bit of day trading perhaps 12 or 13 years ago. The company was rising quickly and then fell.I had room on my margin loan so played with A$150K. I had a large shareholding in the company and had held for 20 years.
Three times it went up and twice it went down,I made around A$10K.The third time I couldn't sell,this was in the days when I used computers at the library.The library was closed.The share price fell and continued falling.
So it became more shares in the same company.My last purchase was around the $92 mark.The price went down to around A$68..Four or 5 years later it was back up to close to $100. I have collected the dividends ever since then as not long after I retired.
The price now is up close to $170.My first and only attempt at day trading.I'll never try it again.There is around A$350 K to use in the margin loan now. I'll never day trade again.Once or twice I have thought about it and quickly stamped on that idea.
As on the average, on the stock market, there are more rising than falling days, if one always places a buying order, for the same amount, one should be winning. I am waiting to become a millionaire and try it.:)
To really be able to follow this advice, one would need to have a solid theoretical foundation and put it into practice by exploiting the appropriate machine learning models.
In the second case, AI can significantly help.
Imvho
‘It’s tough to make predictions, especially about the future.’ – attributed to Yogi Berra.
Now, day trading is not what I would call ‘investing’ (in the sense on Ben Graham’s definition), but perfect foresight wouldn’t even help ‘real’ investors: https://alphaarchitect.com/even-god-would-get-fired-as-an-active-investor/
all fine, but there is no day trader who makes decisions based on the front page of a newspaper. Daytrading can work if you have a repeatable process based on specific patterns, a strict risk management and the discipline to follow the process.
As a long term buy and hold investor for decades I tried a bit of day trading perhaps 12 or 13 years ago. The company was rising quickly and then fell.I had room on my margin loan so played with A$150K. I had a large shareholding in the company and had held for 20 years.
Three times it went up and twice it went down,I made around A$10K.The third time I couldn't sell,this was in the days when I used computers at the library.The library was closed.The share price fell and continued falling.
So it became more shares in the same company.My last purchase was around the $92 mark.The price went down to around A$68..Four or 5 years later it was back up to close to $100. I have collected the dividends ever since then as not long after I retired.
The price now is up close to $170.My first and only attempt at day trading.I'll never try it again.There is around A$350 K to use in the margin loan now. I'll never day trade again.Once or twice I have thought about it and quickly stamped on that idea.
As on the average, on the stock market, there are more rising than falling days, if one always places a buying order, for the same amount, one should be winning. I am waiting to become a millionaire and try it.:)
Hello Joachim,
I hope this communique finds you in a moment of stillness.
Have huge respect for your work and reflective pieces.
We’ve just opened the first door of something we’ve been quietly handcrafting for years—
A work not meant for everyone or mass-markets, but for reflection and memory.
Not designed to perform, but to endure.
It’s called The Silent Treasury.
A place where conciousness and judgment is kept like firewood: dry, sacred, and meant for long winters.
Where trust, vision, patience, resilience and self-stewardship are treated as capital—more rare, perhaps, than liquidity itself.
This first piece speaks to a quiet truth we’ve long sat with:
Why many modern PE, VC, Hedge, Alt funds, SPAC, and rollups fracture before they truly root.
And what it means to build something meant to be left, not merely exited.
It’s not short. Or viral.
But it’s a multi-sensory experience and built to last.
And, if it speaks to something you’ve always known but rarely seen heartily expressed,
then perhaps this work belongs in your world.
The publication link is enclosed, should you wish to experience it.
https://helloin.substack.com/p/built-to-be-left?r=5i8pez
Warmly,
The Silent Treasury
A vault where wisdom echoes in stillness, and eternity breathes.
I confess I have not understood one word.
You’re correct however that last sentence is doing a lot of work.