legsdiamond Member since May 05th 2011 79616 posts
Mon Sep-23-19 11:00 AM
"I don’t know how daytraders do it"
I’m on this M1 and this shit got me heated. Watching that shit 5 times a day. Up, down, up down..
I have to put this app in a folder.
I know this shit is like Method Man torture. See your asshole closed and keep feeding it and feeding it
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
legsdiamond Member since May 05th 2011 79616 posts
Mon Sep-23-19 12:24 PM
3. "I’m buying and holding long term" In response to Reply # 2
But in the past when I had a 401K i rarely looked at it. I would see gains most years and losses some years or breaking even..
But with M1 I can see that shit in real time.
I just have to stop looking and keep feeding it.
I don’t know enough to buy individual stocks and buy and sell them quick fast.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
legsdiamond Member since May 05th 2011 79616 posts
Mon Sep-23-19 12:58 PM
5. "I could never day trade. " In response to Reply # 4
I’m a buy and hold type of guy.
I’ve just been watching my holds daily and it’s stressful.
Need to set it and forget it.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
>But in the past when I had a 401K i rarely looked at it. I >would see gains most years and losses some years or breaking >even.. > >But with M1 I can see that shit in real time. > >I just have to stop looking and keep feeding it. > >I don’t know enough to buy individual stocks and buy and >sell them quick fast. >
Which is why stocks that pay dividends are the best option for long term growth as well as establishing a supplemental income.
Have you though about rolling over your 401K into an IRA and move about 10-20% of the cash into gold or silver?
If you switch over to forex, options, or future and let a firm manage it, then it will relieve a lot of the anxiety that comes along with trading.
24. "i started learning forex and HFX right before covid hit" In response to Reply # 2
IMO there is nothing like it. i havent been making alot of money because i work full time and i dont really have the energy to do much of anythg when i get off work...but ive actually learned this shit pretty good over the last couple of years. this will probably be my last job.
theres alot to it tho alot of ppl give up on it and i completely understand why...i just see the big picture. this is white boy/wall street type of action/money...its not for everybody
8. "How do you like M1 so far?" In response to Reply # 0
I tried it last year but I turned off the auto re-investing feature and just created my own pie. I've since pulled out my cash (needed the liquid funds). I thought it was pretty cool overall and plan to throw some money at it when I'm able to again.
It makes me want to learn more about investing and buying stocks.
I’m using the expert pies right now.
I rolled a 401K into a roth and I also started another one with a hundred and throw $10 at it every 2 weeks. I want to make sure I don’t liquidate or dip into it so I didn’t put much in it to start.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
legsdiamond Member since May 05th 2011 79616 posts
Tue Sep-24-19 02:34 PM
18. "Fam. This looks like a scam site" In response to Reply # 9
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
13. "I've been reading it for the past...3 years?" In response to Reply # 11
I actually find it to be super interesting but I get into modes where I'm deep in it, then some life shit happens (sick kids, work really picks up, etc) and then I put it down and then its hard to get back into that learning state again
I say stay away from options because its a dangerous game. While it is possible to really make some money and its where the money is made, its a lot like driving a sports car without doors, windshield and seatbelts. Oh, you will be thrilled, hear the engine and feel the wind, but if you crash...you stand to lose everything.
14. "RE: I've been reading it for the past...3 years?" In response to Reply # 13
>I actually find it to be super interesting but I get into >modes where I'm deep in it, then some life shit happens (sick >kids, work really picks up, etc) and then I put it down and >then its hard to get back into that learning state again >
It’s has been and will always be a constant reference point for me. You will always stay reading that book.
>I say stay away from options because its a dangerous game. >While it is possible to really make some money and its where >the money is made, its a lot like driving a sports car >without doors, windshield and seatbelts. Oh, you will be >thrilled, hear the engine and feel the wind, but if you >crash...you stand to lose everything.
Options are the way that the wealthy get their money. You do have to put constant time and effort into learning how to effectively trade them. If you ever do then your wins will far outweigh your losses.
15. "1. #facts 2. scared money don't make money. " In response to Reply # 14
>Options are the way that the wealthy get their money. You do >have to put constant time and effort into learning how to >effectively trade them. If you ever do then your wins will >far outweigh your losses.
oh, I agree all the way. The problem is most people don't put in the time to read through those 10-k and 10-Q statements and will YOLO their 401k off a gut feeling or watercolor chatter or "because you know, Netflix content is getting stale, I should have a short position".
>oh, I agree all the way. The problem is most people don't put >in the time to read through those 10-k and 10-Q statements and >will YOLO their 401k off a gut feeling or watercolor chatter >or "because you know, Netflix content is getting stale, I >should have a short position". >
Which is why people shouldn’t do any investing if they haven’t done any reading or research of their own.
legsdiamond Member since May 05th 2011 79616 posts
Thu Jun-15-23 09:51 AM
20. "I bought Tesla at $95 and cashed out some when it hit $275" In response to Reply # 19
but most of my individual stock purchases did not do well. Granted its when I was chasing shit late during the pandemic.
but my Berkshire funds have been popping.
Best bet is to buy some ETF’s and let it ride.
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
legsdiamond Member since May 05th 2011 79616 posts
Thu Jun-15-23 11:34 AM
22. "hell nah.. I have a full time job. No way could I day trade" In response to Reply # 21
and no stones or capital for that type of stress
**************** TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*
25. "Daily retail loss of $358,000 on 0DTE options since 5/16/22" In response to Reply # 19
"Between February 2021 and February 2023, retail investors lost $184,000 on the average day; since the introduction of a daily expiration calendar in May of 2022, this number has grown to average losses of $358,000 per day."
Research data from Jan '21 to Feb '23 says retail traders lost $70mm on same-day options.
Retail traders lost $4 billion on options trading from Nov' 19 to Jun '21.
26. "unless you were doing calculus in 5th grade" In response to Reply # 0
you will lose money. almost all the people who make money doing this sort of thing were born very good at math and were funneled through elite institutions. for the rest of us, it's gambling
30. "Actually it's quite easy, allegedly NOT FINANCIAL ADVICE" In response to Reply # 0
This is for entertainment purposes and not financial advice just an opinion.
It's really easy actually. Let's say ampe trades sideways between 50 and 60 cents. Someone buys 10K of stock at 50 and trades at 55 then exits. It drops to 50 and they buy in with those profits, it rises to 56 sold at that point before dipping back to 50. Rinse and repeat.
None of that is financial advice just an opinion.
No empathy for white misery (c) BDot
"root for everybody black haters say that's crazy, wow..."
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