There are many profitable short-term traders out there, but it takes years to learn. Hence why there are so few because they run out of money, determination or everything else long before they reach a point to where they can actually become consistently profitable. It is possible and doable though.

I mean nothing is certain, but pretty much, and if you have to cut a position just hold tight until your loss becomes more managable. Of course not YOLOing is a good idea, as always. Lol. Honestly, RSI is 'usually' not a good indicator, and it's very dangerous calling a top or bottom, but in this market, I find it useful. Especially to see overbought/sold conditions, but trying to time those conditions down to a fews days or even a week is just a fools errand and daily charts/patterns/etc are so apt to reverse at this point there's honestly no point at all in trying to day trade unless you're a very experienced trader with the will/know how to IMMEDIATELY cut a loss, because holding any position of any size right now can blow you up reallllll fast. Of course, another huge reason is everyone here is looking for 500/1000% gains when we all know, yea, it's cool, but it's just stupid to try for that shit time and again. It's downright unhealthy and anyone that's done it and went onto survive knows it.

I think you need less bitterness.

Yea... This market is going to break a lot of people. They always do. Even the best traders get stomped out trying to hard to play shit like this. On the bright side, when we get a great market just think of how fucking rich everyone that survived this will be.

Now... It's nothing but an echo chamber of self pity, excuses, shitty plays, and ABSOLUTELY depressing loss porn. Remember when loss porn included positions, history and a chart that looked like a roller coaster transformer snorted a gagger of coke and ketamine at the same time? Those beautiful "holy fuck I'm retiring' highs and the 'OMFG is it gonna go back up dips' and the 'WE DID IT' back up to a new high and then the 'fuck..... game over' plunge. Now it's just one straight limp dick, wet noodle line plunging straight down to ZERO and a run of the mill, cunt, refusal to accept risk and consequences of your actions 'Omg guys my life is over' post.

One of the biggest reasons... Daytrading. Short term trading is the hardest fucking thing ever to learn and once people figure out it's WAY easier, less stressful and far more profitable to buy Jan. 23 expirary options, then they may actually start making some money, especially considering in THIS market they're bound to hit one way or another because by that time I guarantee the options will touch the money whatever direction you bought them in. PLUS, the 'get rich quick' mentality among new traders is just such a strong, magnetic force few can resist it.