IQ Reddit Mentions | ChartExchange

Your comment actually gets at some of the depth that honestly I didn’t think anybody would get to. When you make a post like this and are looking to connect a little w folks bc you feel bad, you can’t exactly give your most accurate view on the matter bc most people won’t understand it and will write you off. Responding to your points w my real opinion-
1. 100% agreed that submitting to wageslavery instead of just putting in some post-hoc analysis and continuing to trade is the more intelligent thing to do. I can make more than I make at my W-2 job in literal minutes with Futures…. It’s a nut worth cracking.
2. While I agree that the issue is a matter of self-discipline more than anything, that has no reflection whatsoever on my intelligence. C-PTSD presents a major hindrance on being psychologically capable of dealing with loss & not breaking your risk management rules. Coming from a poor background in general also does not help, as there are numerous studies, which I can pull for you, suggesting that conditions of poverty result in people scoring lower on IQ tests than they would if they’d even simply been given money before the testing. Being poor results in an activity like trading being particularly capable of triggering fear, as the amount one would lose on a single stop loss is genuinely significant to the trader. C-PTSD on top of that reflects that I have maladaptive, reactive behaviors in response to pain and loss *in general*, not just in trading. Most of my debt does not actually come from trading for this exact reason.
3. Agreed, $78k is not a lot of money and not the outcome I’d wanted. Like I gestured at previously, you can make more than what you earn per day at that salary (works out to a little over $200) with a single trade on MNQ. It’d be about 2R for me. I got to final round interviews for a job w Capital One that would’ve paid $80k a year out of college but didn’t ultimately get it. I would point toward unresolved trauma, ADHD that was undiagnosed and untreated until my final semester, after those interviews had already occurred, and again having come from a poor background as the main mechanisms behind why I wasn’t able to do better. I also graduated in 2020 when COVID had just struck and employers were rescinding offers, pulling job listings, etc., meaning the job market was not favorable whatsoever either. Nonetheless, an $80k/yr job right out of college would put me in a higher tier of outcomes, not far off from standard investment banking or consulting salaries at the time (not including bonuses). Regardless, at my current job, I work less than 30 hours per week, hence why I have the time to daytrade simultaneously. I work this little because I’m very efficient at my job. Big fish, small pond.
4. I don’t journal every single trade. I used to. Nowadays I lean on a daily report card and an excel tracker I use for recording observations. I’d argue this is a more efficient manner of journaling than journaling every single trade. I trade like a swing trader who scalps- I start with an automated trade management template with a profit target at 3R or no profit target at all, and I aim to scalp for 1R along the path to my target level as much as possible. I use 1 contract at a time for both types of trades. With a $2k drawdown and a volatility-based stop loss costing me about 5% of that drawdown per contract, I’d be surprised to hear there’s a better trade management approach.
5. No, I didn’t go the route of trading in Sim, collecting data on my performance before risking real money, etc etc. I came into this with no guidance on trading in general and learned all I know from the Internet. I also started trading right after a significant financial loss and was feeling emotionally distraught to begin with. As a man and a competitive person, I resolved just to throw myself at the problem and figure it out. I’ve gotten far with that approach. On top of that, I’d note that honestly I struggle a bit with the idea that the statistics you could collect in the manner you’re describing are genuinely representative/predictive of future performance. Every movement in price is essentially a new and unique event, and you cannot assume that previous instances in which you made or lost money are representative samples of future statistical distributions of price movements. More practically, there are so many variables you would need to record to ensure your notes on your statistics are representative of the market dynamics during that trade that it quickly becomes infeasible to even try to record it all. Macro regime + local news + day of the week + time of day + any relevant cross-asset correlations + various different nested technical patterns + the minutiae of trade signals such as momentum signals, delta variance, etc. + general chart topography (i.e., types of key levels, whether volume-based levels are stacked on top of other types of reference levels, the number of times has tested a specific type of level before you took a trade, whether low volume notes or single print zones have been partially filled or not) presents so much information you’d need to record for even a single trade that, like I said, it becomes infeasible to even try to record.
My main intention for this post was to connect with people and try to get some advice while I’m feeling pretty down over recent losses. The easiest way to do that is to avoid going into this level of detail and give the standard advice to avoid daytrading. My approach has definitely given me the depth and breadth of responses I was hoping for, including *your* response, so I’m happy with the result. I do appreciate your comment giving me the opportunity to actually flesh this problem out and I’d be very appreciative if you did give a constructive response to this comment on the points I’ve made here. If I’m wrong on something I want to know as soon as I can find out. I’m committed to self-improvement over all else.

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