Down to about $90k, where would you park it if your trading skills were trash?

Discussion in 'Trading' started by zghorner, Jan 19, 2024.

  1. SunTrader

    SunTrader

    You can take the man out of the oil but you can't take the oil out of the man huh? :)

    Got two cousins that worked from Nigeria, Singapore, Nola, Houston to The Dakotas.

    Like yourself now very happily retired.
     
    #131     Jan 20, 2024
    zghorner likes this.
  2. Snuskpelle

    Snuskpelle

    You responded to my same post twice so it might have been me. :p
     
    #132     Jan 20, 2024
    ironchef likes this.
  3. long

    long

    No disrespect to the OP but I find it strange that someone says they lost over 50% last year and is offered a recommendation for a job in the industry.
     
    #133     Jan 20, 2024
  4. ajacobson

    ajacobson

    Money in the bank to nurture talent.
     
    #134     Jan 20, 2024
  5. zghorner

    zghorner

    Idgaf if I ever see another oil rig for the rest of my life lol... Just family reasons is why I'm staying here.
     
    #135     Jan 20, 2024
    Big AAPL likes this.
  6. Big AAPL

    Big AAPL

    LOL
    This is deep...
     
    #136     Jan 20, 2024
  7. S2007S

    S2007S


    Yes super micro options were up 500x but let's be real how many actually made 500x on their money In those options?

    Alot of these ideas are always after they have happened. There is no way... absolutely no way that they would have found that trade to see that kind of return.
     
    #137     Jan 20, 2024
  8. destriero

    destriero


    Anyone could have bot 10-delta calls. The caveat is conviction.
     
    #138     Jan 20, 2024
    newwurldmn, ajacobson and Zwaen like this.
  9. alistera

    alistera

    No one can tell you what to invest in, they're just shooting in the dark, a few might be correct but most will be wrong, at least for your specific situation, anyway your numbers don't reconcile.

    Managing $100,000 at 28% per year produces so little alpha over benchmark no one would touch it, the numbers only become interesting at 43% and 68% net investor returns, 43% is the sweet spot over a quarterly cycle.

    Unless you have a low cost of living 25% on low $100,000s isn't going to get you very far in life, risking half the capital to for 25% is not really the best approach, usually in these situations is actively over trading instead of passively investing, with $100,000s at play there is no need for anything 'active', at least it's easier to recover losses than create new profits.
     
    Last edited: Jan 20, 2024
    #139     Jan 20, 2024
  10. long

    long

    If you’re looking for something hands-off I would consider a managed futures account. Most minimums are 100k but I’ve seen people form a partnership to pool money that totals that.
     
    #140     Jan 20, 2024