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Getbig Main Boards => Gossip & Opinions => Topic started by: Vince G, CSN MFT on October 12, 2021, 06:48:16 AM
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Now that i have a secure and reliable internet connection after buying Pepwave routers and modems, im going to start back after 15 years. Right now im just using a simulator and im obviously rusty but im faring well. I'll be doing so until next year when i change my schedule to a late shift and taking courses. Ive set aside about 10k when i finally begin although i might do some live practice stocks
Since im working from home , im going to take advantage of thst extra time
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Now that i have a secure and reliable internet connection after buying Pepwave routers and modems, im going to start back after 15 years. Right now im just using a simulator and im obviously rusty but im faring well. I'll be doing so until next year when i change my schedule to a late shift and taking courses. Ive set aside about 10k when i finally begin although i might do some live practice stocks
Since im working from home , im going to take advantage of thst extra time
you just have 10k sitting in a savings account doing nothing?
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Now that i have a secure and reliable internet connection after buying Pepwave routers and modems, im going to start back after 15 years. Right now im just using a simulator and im obviously rusty but im faring well. I'll be doing so until next year when i change my schedule to a late shift and taking courses. Ive set aside about 10k when i finally begin although i might do some live practice stocks
Since im working from home , im going to take advantage of thst extra time
Is this decision based on the YouTube advertisement that has been playing prior to videos? The guy in the ad mentioned 10k and a great opportunity.
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you just have 10k sitting in a savings account doing nothing?
80k but im starting slow...never put up money you cant stand to lose. But i did it before a long time ago. I still have my etrade accout with that 10k in it. Havent touched it
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Good luck.
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Top tick for sure.
Waited until the longest bull in history is over. :D
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Keep an eye on Teldar Paper, it's a lock.
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&t=55s sounds like wells fargo, now they know the value of trust ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ::) ::) ::) ::) ::)
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Prisma Energy to the moon
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Sorry, Goodrum but this won't end well. The odds are against you. Buy and hold VTSAX.
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The Day Trading competition is fierce. Less competition in Night Trading so I'd start there.
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Sorry, Goodrum but this won't end well. The odds are against you. Buy and hold VTSAX.
do this vince, a nice stable index fund
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Sorry, Goodrum but this won't end well. The odds are against you. Buy and hold VTSAX.
Oh, he's much too smart for that ::)
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Good luck on your new endeavour.
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80k but im starting slow...never put up money you cant stand to lose. But i did it before a long time ago. I still have my etrade accout with that 10k in it. Havent touched it
Stock broker
Trading stocks
On 15 dollar dial up
Yep
Bet it all on blue star airlines
That’s Melvin for you
Already concocting his next dilutional adventure
I cleaned house on Tesla before the stock split
Bought at 150 bucks then dumped it when it hit 2600
Took 3 years for it to grow and almost lost it in March of 2020 due to Covid hoax hysteria
But I wasn’t using dial up
And I held firm
Or sitting in a coffee shop mooching off wi fi
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Keep an eye on Teldar Paper, it's a lock.
Blue horse shoe loves
Anacott steel
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Sorry, Goodrum but this won't end well. The odds are against you. Buy and hold VTSAX.
+1
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Sorry, Goodrum but this won't end well. The odds are against you. Buy and hold VTSAX.
Ive traded before but havent done so in years. Thats why im practicing with simulators and ysking courses first. I just needed a fast internet connection so i can submit commands and have real time numbers
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Ive traded before but havent done so in years. Thats why im practicing with simulators and ysking courses first. I just needed a fast internet connection so i can submit commands and have real time numbers
You can make more money betting baccarat online.
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Another day another VG get-rich-quick-scheme...
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Better off heading to the casino or just flushing your cash down the toilet.
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Pork Bellies and Frozen OJ we can corner the market I know a guy
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Keep an eye on Teldar Paper, it's a lock.
First you'd better see if the books are cooked.
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Vince,
I will run your plans by my barber and uber driver.
Will get back to you with their opinions and recommendations.
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You need about 100k in an account to realistically make money day trading
With 10k you’ll be eaten up quick putting on small size. You don’t have as good a connection as you think either. You’ll be competing against people close or sitting on the exchanges. You’ll also need really good software and that will cost you about 2000/month minimum I would think (stellar was that for me). Scalping is very precise you’d probably need to be doing spreads but you’ve nobody to mentor you as all those courses are junk. Think about it, why would you leave the desk from making millions a year to give away your edge. You’ll be paying commission on trades also.
You will lose
I do not like you at all I think you are a complete retard but I do not want you to lose your life savings
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Pork Bellies and Frozen OJ we can corner the market I know a guy
Why dont you corner and fight Josh instead of dodging him and make excuses
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You need about 100k in an account to realistically make money day trading
With 10k you’ll be eaten up quick putting on small size. You don’t have as good a connection as you think either. You’ll be competing against people close or sitting on the exchanges. You’ll also need really good software and that will cost you about 2000/month minimum I would think (stellar was that for me). Scalping is very precise you’d probably need to be doing spreads but you’ve nobody to mentor you as all those courses are junk. Think about it, why would you leave the desk from making millions a year to give away your edge. You’ll be paying commission on trades also.
You will lose
I do not like you at all I think you are a complete retard but I do not want you to lose your life savings
You dont need 100k ...get serious.. and im not worried about software neither.
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You dont need 100k ...get serious.. and im not worried about software neither.
To do it properly you’ll need serious funds much more than you think
It’s ok you got this bud
Fire away
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You dont need 100k ...get serious.. and im not worried about software neither.
Where is your edge? What will you trade? Futures?
You’ll be competing against the likes of George Soros and Epic
Prepare your anus
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Where is your edge? What will you trade? Futures?
You’ll be competing against the likes of George Soros and Epic
Prepare your anus
Fried chicken and malt liquor
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99% lose daytrading and most of the other 1% just make an average wage, you are competing against bots designed to counter your every move and high iq geniuses who create them.Why on earth do you think this is a good idea?Anyone who has ever tried it will tell you buying and holding long term is the way, trading your emotions will fuck you unless you are a robot with insane risk managament.I can tell you have never done this for more than a week before and as usual this is bullshit.
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Vince we get along, talk on fb etc. But why come on here and say this? 1. theres really no reason to say you will or wont be on getbig, no one cares, and Im not saying that in a bad way. 2. You know everyone will ridicule you, why subject yourself to that? I get it bounces off you and doesnt affect you, but why.
anyways, I hope you make a shitload of money
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Vince we get along, talk on fb etc. But why come on here and say this? 1. theres really no reason to say you will or wont be on getbig, no one cares, and Im not saying that in a bad way. 2. You know everyone will ridicule you, why subject yourself to that? I get it bounces off you and doesnt affect you, but why.
anyways, I hope you make a shitload of money
He wont for a whole host of reasons.
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99% lose daytrading and most of the other 1% just make an average wage, you are competing against bots designed to counter your every move and high iq geniuses who create them.Why on earth do you think this is a good idea?Anyone who has ever tried it will tell you buying and holding long term is the way, trading your emotions will fuck you unless you are a robot with insane risk managament.I can tell you have never done this for more than a week before and as usual this is bullshit.
Ive traded yeard before....not everything i do i mention on Getbig. Ill be fine as im going to practice and get to where im comfortable
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Ive traded yeard before....not everything i do i mention on Getbig. Ill be fine as im going to practice and get to where im comfortable
Can you list the qualities you have shown in life, and the resources you have, to be in the 1%?
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Vincent, will you utilize any scanners? Some are fairly cheap with monthly subscriptions services.
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How much can i buy vin-cents trailor for?
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What internet speed did you have prior to your upgrade? What Is the new speed?
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vin-cent sell me your trailer?
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What internet speed did you have prior to your upgrade? What Is the new speed?
Yet more bullshit, even the worst internet connections these days are around 1-200ms delay, thats 0.1 to 0.2 of a second, you telling me you need to have lower than that to daytrade?to react to the worlds fastest serve you can do it in 0.3 seconds.Also this idea you need masses of bandwidth for trading data is more bullshit, sending prices over an internet connection, or the next graph plot is nothing.Even a lowly 1 megabyte per second connection can send the latest full 700 page novel in under a second.
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I had a friend who owned a daytrading firm back in the 1990s. He told me about 95% lose. The reason is most are undercapitalized and underestimate how long it takes to become profitable. Even if you have the ability, it takes about two years of screen time and seeing all different types of markets. Most want to be profitable immediately. It’s not realistic.
Also, these courses make it seem like there’s a great trade coming along every five minutes when it’s really more like poker where you fold 80% of the time. There are many days when you shouldn’t trade at all.
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Best of luck Vince. I hope you make some bank bro.
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Now that i have a secure and reliable internet connection after buying Pepwave routers and modems, im going to start back after 15 years. Right now im just using a simulator and im obviously rusty but im faring well. I'll be doing so until next year when i change my schedule to a late shift and taking courses. Ive set aside about 10k when i finally begin although i might do some live practice stocks
Since im working from home , im going to take advantage of thst extra time
there is no need to announce stuff like this
just do it and then after you've succeeded you can tell us all about it
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there is no need to announce stuff like this
just do it and then after you've succeeded you can tell us all about it
All he ever does is announce then never follow through/fail.
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You need about 100k in an account to realistically make money day trading
With 10k you’ll be eaten up quick putting on small size. You don’t have as good a connection as you think either. You’ll be competing against people close or sitting on the exchanges. You’ll also need really good software and that will cost you about 2000/month minimum I would think (stellar was that for me). Scalping is very precise you’d probably need to be doing spreads but you’ve nobody to mentor you as all those courses are junk. Think about it, why would you leave the desk from making millions a year to give away your edge. You’ll be paying commission on trades also.
You will lose
I do not like you at all I think you are a complete retard but I do not want you to lose your life savings
Posts like this are what make Getbig great.
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Where is your edge? What will you trade? Futures?
You’ll be competing against the likes of George Soros and Epic
Prepare your anus
;D ;D ;D
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Ive traded yeard before....not everything i do i mention on Getbig. Ill be fine as im going to practice and get to where im comfortable
Vince Wall street needs you !.
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This is just too easy….
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there is no need to announce stuff like this
just do it and then after you've succeeded you can tell us all about it
Like Elizabeth Warren when she became a somebody by being a pretend Choctaw? :D
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there is no need to announce stuff like this
just do it and then after you've succeeded you can tell us all about it
Fuck you. Nobody asked for your opinion you liberal goof. I'll talk about whatever the fuck i like. Go to back tobthe politics board and suck on AOC's cock
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What internet speed did you have prior to your upgrade? What Is the new speed?
5-7 Mbps when i bought my home as there was no high speed internet services ..cable, fiber, etc. Had to get HughesNet which had a high latency making it worthless.
After i was forced to move home, i had to find a solution as the equipment required it or im out of a job. Thanks to Peter Carcoine's help, i bought a Pepwave Enterprise Router that you see on the right in the picture and used Cricket Wireless for Data.. ive reached speeds of 400mbps and its usually getting about 150mbps with a 45 ping. Its what i plan to use for trading
My home internet is a Pepwave Surf Soho router with a very old Verizon USB modem that i bought used for 70 bucks plugged in...gets 30mbps with low latency.
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Yet more bullshit, even the worst internet connections these days are around 1-200ms delay, thats 0.1 to 0.2 of a second, you telling me you need to have lower than that to daytrade?to react to the worlds fastest serve you can do it in 0.3 seconds.Also this idea you need masses of bandwidth for trading data is more bullshit, sending prices over an internet connection, or the next graph plot is nothing.Even a lowly 1 megabyte per second connection can send the latest full 700 page novel in under a second.
Ever had HughesNet...lol
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5-7 Mbps when i bought my home as there was no high speed internet services ..cable, fiber, etc. Had to get HughesNet which had a high latency making it worthless.
After i was forced to move home, i had to find a solution as the equipment required it or im out of a job. Thanks to Peter Carcoine's help, i bought a Pepwave Enterprise Router that you see on the right in the picture and used Cricket Wireless for Data.. ive reached speeds of 400mbps and its usually getting about 150mbps with a 45 ping. Its what i plan to use for trading
My home internet is a Pepwave Surf Soho router with a very old Verizon USB modem that i bought used for 70 bucks plugged in...gets 30mbps with low latency.
Nice set up
Has a funeral home office feel to it
Good luck Vince on day trading! Go big or go home
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5-7 Mbps when i bought my home as there was no high speed internet services ..cable, fiber, etc. Had to get HughesNet which had a high latency making it worthless.
After i was forced to move home, i had to find a solution as the equipment required it or im out of a job. Thanks to Peter Carcoine's help, i bought a Pepwave Enterprise Router that you see on the right in the picture and used Cricket Wireless for Data.. ive reached speeds of 400mbps and its usually getting about 150mbps with a 45 ping. Its what i plan to use for trading
My home internet is a Pepwave Surf Soho router with a very old Verizon USB modem that i bought used for 70 bucks plugged in...gets 30mbps with low latency.
Last I read anything from you it was when you bought that cool trailer. You said you "were forced to move back home". What happened?
I also wanted to point our your certificates on the wall behind your desk are a bit off. Looks like an easy fix though
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Ever had HughesNet...lol
You can trade on the shittest connection, if you setting stop losses and you are not market buying then you can send your instructions to trade seconds, minutes, hours, days,, months or even years ahead of time. And if you have risk management thats what youll be doing.
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Goodrum's 10k will be gone faster than Sev's new gimmick account.
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I also wanted to point our your certificates on the wall behind your desk are a bit off. Looks like an easy fix though
Thank You!
It drives me nuts.
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Thank You!
It drives me nuts.
If I was shopping for a Doctor, Dentist, Financial Advisor etc and I saw that set up on their wall, I would wonder about their ability to pay attention to detail. Probably irrelevant but I couldn't help myself
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don't forget us little people vince
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Now that i have a secure and reliable internet connection after buying Pepwave routers and modems, im going to start back after 15 years. Right now im just using a simulator and im obviously rusty but im faring well. I'll be doing so until next year when i change my schedule to a late shift and taking courses. Ive set aside about 10k when i finally begin although i might do some live practice stocks
Since im working from home , im going to take advantage of thst extra time
I did some DT along with 5Dimes (easy, tax-free money no longer available to USA residents :( )in undergrad. As far as DT, either you execute your trades in 1st 90 mins when markets open or find another hobby. You have been warned.
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I did some DT along with 5Dimes (easy, tax-free money no longer available to USA residents :( )in undergrad. As far as DT, either you execute your trades in 1st 90 mins when markets open or find another hobby. You have been warned.
Bro, could you execute your trades within 0.3 seconds?if not you need a better connection
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Vince,
The Bitcoin Boys are making bank.
Check out the Bitcoin thread.
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I also wanted to point our your certificates on the wall behind your desk are a bit off. Looks like an easy fix though
True. I think the certificates should be equal distances from each other right?
At least it isn't wood paneling and worn out couches like in bhankys office.
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To day trade you have to have a balance of $25,000. With just $10K you can do 4 trades and then they'll lock down your account and you won't be able to do any day trades.
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You can trade on the shittest connection, if you setting stop losses and you are not market buying then you can send your instructions to trade seconds, minutes, hours, days,, months or even years ahead of time. And if you have risk management thats what youll be doing.
Stops get you stopped out of trades most day traders I worked with used mental stops
- another reason you do need a good connection IMO
And as I said, he’ll need way more capital because it’s a long road
It’s too stressful a life as well it’s not worth it you can lose a months or years work in one bad trade
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Vin'cent'
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Ever had HughesNet...lol
I thought only hillbillies in the sticks used that. It's like one step above tin cans and string.
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Vince,
I will run your plans by my barber and uber driver.
Will get back to you with their opinions and recommendations.
Fucking classic
And scary cause that’s how he does it
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Why dont you corner and fight Josh instead of dodging him and make excuses
No one gives a fuck about a 5 th grader stuck in Canada who wants to meet after after school to fight
Adults are busy with life
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I thought only hillbillies in the sticks used that. It's like one step above tin cans and string.
I live out in the sticks. But i have great views and a nearly stream
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Vince we get along, talk on fb etc. But why come on here and say this? 1. theres really no reason to say you will or wont be on getbig, no one cares, and Im not saying that in a bad way. 2. You know everyone will ridicule you, why subject yourself to that? I get it bounces off you and doesnt affect you, but why.
anyways, I hope you make a shitload of money
He loves to brag
When it goes south it’s forgotten
By the way he hates when other people brag
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To day trade you have to have a balance of $25,000. With just $10K you can do 4 trades and then they'll lock down your account and you won't be able to do any day trades.
Im only going to do a few trades a day but i can increase it if needed. Not making it a full-time job
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there is no need to announce stuff like this
just do it and then after you've succeeded you can tell us all about it
not melvins style
he announces
then nothing happens
when you call him out on it later down the road he forgot about it
then goes on a attack on you, and digs and digs
only to fail at that too
i just spit my coffee out when i read he is using cricket cell service
nevermind though
he is "practicing" to trade
and made bank off of musclepharm penny stock years ago
i see why you guys keep him around
to watch him step in the piles of shit he creates
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Im only going to do a few trades a day but i can increase it if needed. Not making it a full-time job
So on the one thing you may actually have a chance at making real money and you’re only going to do it less than part-time?
<JoeJill Biden voice> “Come on man…”
$10K to start day trading is woefully inadequate, but you should be used to that by now.
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So on the one thing you may actually have a chance at making real money and you’re only going to do it less than part-time?
<JoeJill Biden voice> “Come on man…”
$10K to start day trading is woefully inadequate, but you should be used to that by now.
With 10K he has to trade futures. 25k is the minimum on NYSE and Nasdaq and you need significantly more than that just to have a cushion.
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he has cricket internet now though
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Vince isn't going to trade all day so he only needs $10k.
He'll trade late morning or early afternoon.
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he has cricket internet now though
Had it for a year but now i use my work's service since i get half off
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Do what I do. Day trading is for suckers. I trade at night. That way I can drink all night and get up late.
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Future day trading millionaire
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You need about 100k in an account to realistically make money day trading
With 10k you’ll be eaten up quick putting on small size. You don’t have as good a connection as you think either. You’ll be competing against people close or sitting on the exchanges. You’ll also need really good software and that will cost you about 2000/month minimum I would think (stellar was that for me). Scalping is very precise you’d probably need to be doing spreads but you’ve nobody to mentor you as all those courses are junk. Think about it, why would you leave the desk from making millions a year to give away your edge. You’ll be paying commission on trades also.
You will lose
I do not like you at all I think you are a complete retard but I do not want you to lose your life savings
How did people trade stocks in the 1920's? You had to phone your broker, pay huge fees, and you got your quote from the newspaper.
People who focus on software, transaction speeds, and monitors are just making excuses.
Jesse Livermore:
“There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”
Paul Tudor Jones:
"Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors."
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How did people trade stocks in the 1920's? You had to phone your broker, pay huge fees, and you got your quote from the newspaper.
People who focus on software, transaction speeds, and monitors are just making excuses.
Jesse Livermore:
“There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”
Paul Tudor Jones:
"Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors."
90% of the money moved in and out of the U.S. market is controlled and part of a rigged game.
Don’t think for a minute that the insiders are going to allow an outsider a significant piece of the pie.
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If I was shopping for a Doctor, Dentist, Financial Advisor etc and I saw that set up on their wall, I would wonder about their ability to pay attention to detail. Probably irrelevant but I couldn't help myself
I'm serious, if i saw that in any professional business setting i would find a new Doc/Accountant/Dentist.
No questions asked.
It may be the OCD, but that bothers the shit out of me.
Some brilliant people are very messy, but i have standards. ;D
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90% of the money moved in and out of the U.S. market is controlled and part of a rigged game.
Don’t think for a minute that the insiders are going to allow an outsider a significant piece of the pie.
Nonsense. How is it rigged?
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Nonsense. How is it rigged?
Hedge fund manipulation
Social media manipulation
Changing of Insider Trading Laws
Changing of definition of fiduciary responsibility
IPOs
SPACs
Marking up
It’s a 50,000 word answer, but if you believe the markets are fair and transparent that is your right. As always, best of luck with your investing.
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Nonsense. How is it rigged?
Joke reply?
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Hedge fund manipulation
Social media manipulation
Changing of Insider Trading Laws
Changing of definition of fiduciary responsibility
IPOs
SPACs
Marking up
It’s a 50,000 word answer, but if you believe the markets are fair and transparent that is your right. As always, best of luck with your investing.
Definitely rigged
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How did people trade stocks in the 1920's? You had to phone your broker, pay huge fees, and you got your quote from the newspaper.
People who focus on software, transaction speeds, and monitors are just making excuses.
Jesse Livermore:
“There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.”
Paul Tudor Jones:
"Where you want to be is always in control, never wishing, always trading, and always first and foremost protecting your ass. That's why most people lose money as individual investors or traders because they're not focusing on losing money. They need to focus on the money that they have at risk and how much capital is at risk in any single investment they have. If everyone spent 90 percent of their time on that, not 90 percent of the time on pie-in-the-sky ideas on how much money they're going to make, then they will be incredibly successful investors."
Times have changed drastically much more people trade and higher volumes markets move in the blink of an eye and we have algorithms and front loading and other weird shit
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Good luck Vince
Any hot tips on which crypto to get into?
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Times have changed drastically much more people trade and higher volumes markets move in the blink of an eye and we have algorithms and front loading and other weird shit
Yes, times have changed. It's way easier and cheaper to trade and more people trading actually makes it easier. Markets moved pretty fast back in 1929.
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Vincent, will your new day trading endeavor impact potential job offers in Africa?
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when do you start your classes? I only ask because you announced you wouldn't be around much and then answer every post.
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Times have changed drastically much more people trade and higher volumes markets move in the blink of an eye and we have algorithms and front loading and other weird shit
Even HFT only really works when you are buying and selling huge blocks.
How much leverage would Melvin have? How much can he put into a position and hold? Does he understand how to make profit shorting the market?
If you want to learn how to play poker, you don’t go to Vegas and learn at $500/hand tables.
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when do you start your classes? I only ask because you announced you wouldn't be around much and then answer every post.
They are very short courses.
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nice job hanging up those certificates.
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Im only going to do a few trades a day but i can increase it if needed. Not making it a full-time job
That won't work my friend. You won't be able to do more than 4 and then you're cut off. This is a legal requirement.
For day traders in the U.S., the legal minimum balance required to day trade stocks is $25,000. If the balance drops below that level, day trading isn't allowed until a deposit is made bringing the balance above $25,000.
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https://www.thebalance.com/minimum-capital-required-to-start-day-trading-stocks-1031142 (https://www.thebalance.com/minimum-capital-required-to-start-day-trading-stocks-1031142)https://
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The odds of making money holding mid to long term as opposed to day trading are way way higher, why he has 80k in the bank losing value each year to inflation rather than in an Index Fund is just another example of why Vince does everything wrong and is always late to the party.
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That won't work my friend. You won't be able to do more than 4 and then you're cut off. This is a legal requirement.
For day traders in the U.S., the legal minimum balance required to day trade stocks is $25,000. If the balance drops below that level, day trading isn't allowed until a deposit is made bringing the balance above $25,000.
I think Vince is going to be swing trading. As long as he doesn't buy and sell the same stock on the same day he should be fine, but he should be familiar with the laws you posted. I surprised that's an actual law.
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True. I think the certificates should be equal distances from each other right?
At least it isn't wood paneling and worn out couches like in bhankys office.
I actually have real degrees on my wall and 6 monitors there is no wood paneling in my office
The other posters are correct you can't make money day trading 10k even if you make a 100% annual return that is still only 10k in income for a year worth of work. Also you need to have a margin account so you can go in and out the same day vs waiting for settled funds and you need to understand leverage when and how to use it.
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I actually have real degrees on my wall and 6 monitors there is no wood paneling in my office
The other posters are correct you can't make money day trading 10k even if you make a 100% annual return that is still only 10k in income for a year worth of work. Also you need to have a margin account so you can go in and out the same day vs waiting for settled funds and you need to understand leverage when and how to use it.
Vince understands all that stuff completely.
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I actually have real degrees on my wall and 6 monitors there is no wood paneling in my office
The other posters are correct you can't make money day trading 10k even if you make a 100% annual return that is still only 10k in income for a year worth of work. Also you need to have a margin account so you can go in and out the same day vs waiting for settled funds and you need to understand leverage when and how to use it.
You are right, it is way harder than people think.
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Vince is the next Elon Musk, he actually spoke to Elon and gave him advice on buying his new $50k box house after he got off the phone with Singerman who he gives business advice to.
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Do your research before investing money, Vince.
Getbig is worried about you.
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Do your research before investing money, Vince.
Getbig is worried about you.
He Googled it and now is an expert.
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Not a financial expert but I've beat Warren Buffet and Cathie Wood on yearly returns for the past 2 years. What has helped me make money even when the market trades sideways is doing covered calls and puts. Every single week.
Usually you are only making 1-1.5% on you money but spread that out over a year and it's 52-78% yearly return. As low risk as you possibly can get. Strangers put money in my account for premium every single week. No way would I day trade. You will lose every penny you have. Swing trading is a little different but you need tons of money and even then could lose it all.
There's no get rich quick scheme in the market or every one would be doing it. Pick a growth company and just let it sit there. Tesla will be 4000 a share by 2024. It's trading at 818 today. It will even be 1000 or more by Christmas. Easy money.
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Not a financial expert but I've beat Warren Buffet and Cathie Wood on yearly returns for the past 2 years. What has helped me make money even when the market trades sideways is doing covered calls and puts. Every single week.
Usually you are only making 1-1.5% on you money but spread that out over a year and it's 52-78% yearly return. As low risk as you possibly can get. Strangers put money in my account for premium every single week. No way would I day trade. You will lose every penny you have. Swing trading is a little different but you need tons of money and even then could lose it all.
There's no get rich quick scheme in the market or every one would be doing it. Pick a growth company and just let it sit there. Tesla will be 4000 a share by 2024. It's trading at 818 today. It will even be 1000 or more by Christmas. Easy money.
What happens when the market tanks?
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What happens when the market tanks?
As Jay-Z once said…”ride or die!”
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What happens when the market tanks?
We all go to Vince's house.
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Be very careful when dealing with day trading, or any stock/option, etc trading as many "experts" are part of a system that boosts up stocks with false information for the little guys to buy in order to crank up the price as they are planning to dump something, and vice versa. Learn how to read charts yourself, and analyze information, good for you for taking a course.
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What happens when the market tanks?
Not worried. It has always recovered and always will. If someone is scared then sell. It's only an unrealized loss if you don't sell. I didn't when the market tanked in March 2020, just bought the dip. I'm actually up 850% for the past 12 months.
I do covered calls and puts but other things as well. Have my long term stock like Tesla which I'm in at $89 dollars and do a few swings. I'll buy my options back 2 or 3 times a week and resell. Tesla is selling at 850, up from 818 when I first posted a few days ago. Will be over 1000 by Christmas. More likely 1200.
But worrying about the market tanking is the least of my troubles.
Game changer when you could start trading practically for free via TD Ameritrade, Webull, Robinhood etc. I executed over 5000 trades in 2020. If I had to pay a broker to do that I probably would have been ion the negatives, LOL.
Also the worse thing you can do with your cash is put it in savings. 100 dollars today will be worth 96 dollars or less due to inflation.
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Game changer when you could start trading practically for free via TD Ameritrade, Webull, Robinhood etc. I executed over 500 trades in 2020. If I had to pay a broker to do that I probably would have been ion the negatives, LOL.
Also the worse thing you can do with your cash is put it in savings. 100 dollars today will be worth 96 dollars or less due to inflation.
You bring up a good point. I've notice most of my trades have been commission free on Etrade. Not having to pay to make a trade means people will be much more active in their trading styles. I know it's changed my trading style regarding how I scale in and out of positions. Also being able to make trades on your phone also brings more people in the market.
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You bring up a good point. I've notice most of my trades have been commission free on Etrade. Not having to pay to make a trade means people will be much more active in their trading styles. I know it's changed my trading style regarding how I scale in and out of positions. Also being able to make trades on your phone also brings more people in the market.
I remember the pain in the ass way you had to call up your broker to make a trade. Looking at the stock prices in the newspaper each morning hoping the stock went up.
Big Wall Street hates that even teens can do this now and know the price in a split second via their phone.
Had to go back and edit my post. I meant to type 5000 trades last year. LOL. I'm not an expert on the market at all but have learned a lot the past 24 months that Ive been doing it daily. But the best strategy is buy a good growth stock and don't even look at it everyday and never sell when it pulls back. If I had sold Tesla when it dipped to 595 from 900 I would have lost a ton. I held and it's less than 4% off it's all time high now.
I don't care about EV's at all but I do want to make money. Tesla will be 4000 by 2024 simply due to their numbers and things they have coming down the pipe. Berlin Giga-factory opened next month, Austin Giga-factory opens in Dec, Cybertruck, solar, AI, insurance, batteries, 25K EV for the masses. Will be the biggest company in the world by a factor of 10 within the decade. Making Apple look like the corner Mom and Pop store, LOL
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Not worried. It has always recovered and always will. If someone is scared then sell. It's only an unrealized loss if you don't sell. I didn't when the market tanked in March 2020, just bought the dip. I'm actually up 850% for the past 12 months.
I do covered calls and puts but other things as well. Have my long term stock like Tesla which I'm in at $89 dollars and do a few swings. I'll buy my options back 2 or 3 times a week and resell. Tesla is selling at 850, up from 818 when I first posted a few days ago. Will be over 1000 by Christmas. More likely 1200.
But worrying about the market tanking is the least of my troubles.
Game changer when you could start trading practically for free via TD Ameritrade, Webull, Robinhood etc. I executed over 5000 trades in 2020. If I had to pay a broker to do that I probably would have been ion the negatives, LOL.
Also the worse thing you can do with your cash is put it in savings. 100 dollars today will be worth 96 dollars or less due to inflation.
The Feds have propped up the market for years.