Investing General Discussion

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Sanrith Descartes

Sanrith Descartes

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Jysin

Jysin

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Sanrith Descartes said:
Shonuff was finally right about something?
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NCLH was his bread and butter. Swear to god, I think it just got back to his cost basis for the first time in the last couple weeks. ($28ish)

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Blazin

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This thread has a long history of successful day trading graduates making 1%+ a day. The reason they only show up during melt ups then fade away is because they make so much money they just retire to the Hamptons.

So far the recipe for success is to only have been doing it a few months but catch on quickly for big gains, shun any advice and call others jealous stupid and old to understand the new strategies. Then take your mountain of money and quietly fade away usually to coincide with the first uptick in volatility or regime change.

I like the traders personally, it's a journey each man must take few will make it but some will and that stage is a right of passage towards more mature trading. My bread and butter fun is the doomers we have been short on as of late. Let's get some doomers in here please, I have it on good authority the DOW will never be over 20,000 again in our lifetimes.
 
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Lightning Lord Rule

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Blazin said:
This thread has a long history of successful day trading graduates making 1%+ a day. The reason they only show up during melt ups then fade away is because they make so much money they just retire to the Hamptons.

So far the recipe for success is to only have been doing it a few months but catch on quickly for big gains, shun any advice and call others jealous stupid and old to understand the new strategies. Then take your mountain of money and quietly fade away usually to coincide with the first uptick in volatility or regime change.

I like the traders personally, it's a journey each man must take few will make it but some will and that stage is a right of passage towards more mature trading. My bread and butter fun is the doomers we have been short on as of late. Let's get some doomers in here please, I have it on good authority the DOW will never be over 20,000 again in our lifetimes.
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You're not going to feel so smug after the Deep Street drops the market 40% a week before the inauguration, Captain Optimism!
 
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Palum

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Blazin said:
This thread has a long history of successful day trading graduates making 1%+ a day. The reason they only show up during melt ups then fade away is because they make so much money they just retire to the Hamptons.

So far the recipe for success is to only have been doing it a few months but catch on quickly for big gains, shun any advice and call others jealous stupid and old to understand the new strategies. Then take your mountain of money and quietly fade away usually to coincide with the first uptick in volatility or regime change.

I like the traders personally, it's a journey each man must take few will make it but some will and that stage is a right of passage towards more mature trading. My bread and butter fun is the doomers we have been short on as of late. Let's get some doomers in here please, I have it on good authority the DOW will never be over 20,000 again in our lifetimes.
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I need a mini doom, need spx to calm down to about 5900 by end of year.
 
Daidraco

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Blazin said:
This thread has a long history of successful day trading graduates making 1%+ a day. The reason they only show up during melt ups then fade away is because they make so much money they just retire to the Hamptons.

So far the recipe for success is to only have been doing it a few months but catch on quickly for big gains, shun any advice and call others jealous stupid and old to understand the new strategies. Then take your mountain of money and quietly fade away usually to coincide with the first uptick in volatility or regime change.

I like the traders personally, it's a journey each man must take few will make it but some will and that stage is a right of passage towards more mature trading. My bread and butter fun is the doomers we have been short on as of late. Let's get some doomers in here please, I have it on good authority the DOW will never be over 20,000 again in our lifetimes.
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Im having fun with it and making money but arrogance is just obnoxious. On that same note, the older guys that are at my gym really are the fucking doomers you're talking about. "rabble rabble rabble, you cant make money doing that. You're wasting your time!" "I tried to do that for a little while and couldnt get ahead!" ..

But this one guy, he is captain optimism, and he does really well. He's telling me I should sign up for a Funded Trader program and see if I can beat a simulation. I have yet to read about that because I feel like I would just be wasting my time right now. I dont know what half this shit does, or why this line matter or that line matters, or this study, or the candle patterns, etc. Then someone will come in and say that none of that shit matters, which I dont know if thats a doomer take or a realistic take.

But I do know Etrade has been having a straight fit with me here in the last few days. I have 39k in the account and in the last month, Ive came in just over 11% gain. It keeps telling me I'm making day trades and that I need 25k in the account to keep going... but I have way more than that, which is confusing as all fuck. The optimistic guy is kind of religious, and has given me access to something called Surge University? Which sure, I'll take those classes and see if I learn anything there, too. (They have a prayer at the end of each live session, which is.. odd..) ... Again, Im just having fun with it at the moment. The pittance of money I've made so far isnt worth bragging about by a long shot. Not with you guys sporting half million, million dollar + portfolios.
 
Sanrith Descartes

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Daidraco said:
Im having fun with it and making money but arrogance is just obnoxious. On that same note, the older guys that are at my gym really are the fucking doomers you're talking about. "rabble rabble rabble, you cant make money doing that. You're wasting your time!" "I tried to do that for a little while and couldnt get ahead!" ..

But this one guy, he is captain optimism, and he does really well. He's telling me I should sign up for a Funded Trader program and see if I can beat a simulation. I have yet to read about that because I feel like I would just be wasting my time right now. I dont know what half this shit does, or why this line matter or that line matters, or this study, or the candle patterns, etc. Then someone will come in and say that none of that shit matters, which I dont know if thats a doomer take or a realistic take.

But I do know Etrade has been having a straight fit with me here in the last few days. I have 39k in the account and in the last month, Ive came in just over 11% gain. It keeps telling me I'm making day trades and that I need 25k in the account to keep going... but I have way more than that, which is confusing as all fuck. The optimistic guy is kind of religious, and has given me access to something called Surge University? Which sure, I'll take those classes and see if I learn anything there, too. (They have a prayer at the end of each live session, which is.. odd..) ... Again, Im just having fun with it at the moment. The pittance of money I've made so far isnt worth bragging about by a long shot. Not with you guys sporting half million, million dollar + portfolios.
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There is nothing wrong with paper trading or trading simulators while you learn the ropes. New traders will make fundamental mistakes. Not might, will. Make those mistakes with fake money. This will help you learn the why of the mistake you made so you know not to repeat it in the future.
 
Jysin

Jysin

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Daidraco said:
Im having fun with it and making money but arrogance is just obnoxious. On that same note, the older guys that are at my gym really are the fucking doomers you're talking about. "rabble rabble rabble, you cant make money doing that. You're wasting your time!" "I tried to do that for a little while and couldnt get ahead!" ..

But this one guy, he is captain optimism, and he does really well. He's telling me I should sign up for a Funded Trader program and see if I can beat a simulation. I have yet to read about that because I feel like I would just be wasting my time right now. I dont know what half this shit does, or why this line matter or that line matters, or this study, or the candle patterns, etc. Then someone will come in and say that none of that shit matters, which I dont know if thats a doomer take or a realistic take.

But I do know Etrade has been having a straight fit with me here in the last few days. I have 39k in the account and in the last month, Ive came in just over 11% gain. It keeps telling me I'm making day trades and that I need 25k in the account to keep going... but I have way more than that, which is confusing as all fuck. The optimistic guy is kind of religious, and has given me access to something called Surge University? Which sure, I'll take those classes and see if I learn anything there, too. (They have a prayer at the end of each live session, which is.. odd..) ... Again, Im just having fun with it at the moment. The pittance of money I've made so far isnt worth bragging about by a long shot. Not with you guys sporting half million, million dollar + portfolios.
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Just a note re the E*Trade notification. This is a FINRA rule that making X number of round trip trades in a single day will trigger your account as PDT (pattern day trader). Once the account is flagged as such, there is a minimum 25k account balance requirement. Your broker is required to notify you of this status, because if you fall below that $25k and continue to make roundtrip daily trades, they are forced to make account restrictions. This is the same rule for all brokerages. You aren’t being singled out.

www.investopedia.com

Pattern Day Trader (PDT): Definition and How It Works

A pattern day trader (PDT) is a regulatory designation for traders who execute four or more day trades over a five-business-day period in a margin account.
www.investopedia.com www.investopedia.com
 
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Flobee

Flobee

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Bought a single share of MSTR (pre split) in 2020 because I was curious to track how it moved after Saylor announced his BTC strategy. You don't even see returns like this on meme coins haha. If only I'd gone harder

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Blazin

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Flobee said:
Currently owns ~1.58% of the supply. Has a lot of work to do. https://bitcointreasuries.net/. But the real answer is so much more than $100k
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There is a weird place between it being worth an infinite amount and and it being worth 0.

Think of a dystopian future where some war lord owns all the water. Now at some point it would go from being worth more than all other things combined and then instantly flip to having no value at all. The trip back to zero is an instant not a path.
 
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Flobee

Flobee

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Blazin said:
There is a weird place between it being worth an infinite amount and and it being worth 0.

Think of a dystopian future where some war lord owns all the water. Now at some point it would go from being worth more than all other things combined and then instantly flip to having no value at all. The trip back to zero is an instant not a path.
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Not sure how well your point is being made. If there is a buyer then there is a price, assuming available supply exists. Are you saying that Saylor (or whoever) is going to buy all the supply available and since there is no supply demand would drop to 0? Am I just dense and not seeing an obvious point here?
 
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