Maybe I am comparing apple to orange, day trading vs longer time frame option trading. Options are quantifiable, are probability & algorithm based, almost everyone follows some basic algorithm & logic to price them. Once you understand the math and logic, there are many potential paths to profit. I can't find any logic and algorithm for day trading, price change is almost Markov. My hat off to those who are consistently profitable, year after year, they are a special breed.
There is an old saying: When it is too good to be true, it is not true. At least 2% a day double digit millions, little risk? You know the post, the method so you must be one of the two on ET that I know with a double digit millions trading account?
Been reading the Reddit's ETF forum lately. Some of the guys advocate 100% allocations to certain ETFs. QQQM (nasdaq), VOO (spy), SCHD (dow div), VTI (world). Risk and volatility are in descending order. Of course, depending on your risk tolerance, you allocate more to the ones you feel comfortable with. But it's basically a set it and forget it thing.
89k on a 'safe route', blue chips whatever, indexes whatever, see to recover the 220k with roughly a twobagger over a longer period of time. And use the remaining 1k for figuring things out trading wise.
You should invest in something with wide market exposure like SPY. If you want an individual stock that has done pretty well in recent years that still has a decent amount of upside, check out PANW.
thing is, the 'pullback# might not happen until the es is at like 7000. Best to just start buying Voo and a few others like it now.
Hi Kevin, if you don't mind sharing with more people, I would also be very interested and eager to learn. I understand ofcourse if that's not possible or desirable.
Incorrect, pullback always happens. In fact I already shorted last Friday at closing, just matter of how much profits one would want to get in a trade.