Probably a stock purchase or call option on a US airline because that's where all the money has been going last week or so. However, the market is due for a bit of correction so this may or may not bring the airlines back a bit before they rally again. To compound that $500 you have to get in sync with where the money is going which involves seeing it coming before it happens.
MNQ price target 35points, stop loss 30 points, neutral intraday trend for ten bars, price anywhere above 50sma, long only.
The first thing to understand about trading is that no one is going to tell you how to trade. It's literally the trade secret. And if you ever figure it out, you won't want to tell anyone else either. Finding a mentor who is profitable is the ultimate shortcut, but impossible for most. I mentored one person after getting to know him for 2 years and we went into business together. Going from scratch, it's a business about reinventing the wheel. Instead of studying at a university, you will teach yourself everything. If you are smart you should be able to figure out how to make a good living trading in under 10000 hours. 2500 hours if you are very smart, or lucky. Given an expected return of 30% per year, X years to reinvent trading (1 year ~ 2000 hours fulltime), and starting capital of Y, how many years does it take to breakeven in cumulative wealth compared to spending the same amount of time working a regular job in your field? You do the math. Personally I just started breaking even this year and I'm 9 years into this journey. It's just starting to get good, where exponential crosses linear.
i know i might sound like a clown. but since it seems like you dont know how to trade i would suggest to get a subscription to the motley fool. i first started out with them, put money in stocks that they really believed in. over the next 2 years i tripled my money. obviously this isnt gonna be the case with all their top picks.
timestamped (just 4 seconds) When you will do all of that, you will no longer need to ask that question. p.s $600 is more than enough
Hint: if a post mentions trade and/or trading and 2, 3, 4 or 5 years in the same breath, when they should be using the term investing, go on to next post.
There is a simple explanation for this. You see when your capital grows it is hard to handle it. eg it is easier to trade with $10,000 than $100,000, it is easier to trade with $100,000 than $1 million, $1 million is nothing compared to $100 million and $100 million is nothing compared to $1 billion and so on. If you see what point I'm trying to make is Funds are huge and Fund managers have restrictions such as they're limited to a set amount of loss percentage per year. They don't want to risk their job so they play it safe, instead of focusing on huge gains they focus on liquidity. And only with old and rusty stocks comes liquidity such as Coca-cola. So there is less growth per year as you said approx 10%. Now, on the other hand, a small trader/investor like me will take all small opportunities which have great potential. I will focus more on profits and less on liquidity. As I don't have the experience right now I can't tell how much profit I can make per year but with experience, 40-50% growth per year is not that hard as it might seem.