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. zghorner

    zghorner

    Even now that I am I'm still losing money...only much slower.
     
    #241     Jan 24, 2024
    Buy1Sell2 likes this.
  2. ironchef

    ironchef

    You need, in addition to Prudent Risk Management, do Buy1Sell2. :)
     
    #242     Jan 25, 2024
    Buy1Sell2 and murray t turtle like this.
  3. bln

    bln

    Got a nice dandy setup that can give one up to 250x the money in a few months. But I want a 50% cut of the returns
     
    #243     Jan 25, 2024
    SimpleMeLike likes this.
  4. zghorner

    zghorner

    No you don't.
     
    #244     Jan 25, 2024
  5. %%
    THAT depends zg;
    thrills that come with leverage insure max loss, sounds like you got what you wanted .[At peace you said...]
    But I don't like losses[excess business expences]. Amazing you think ''few
    are ...''
    I dont think trading-investing is gambling; even though some use that word for ''stupid risk''
    You could do much more study, if you were interested in profits;
    of course if you dont like study/ leverage on man.
    Since you noted S+P 500+ few beat that;
    wonder what happened if you had sometimes bought 1 SPY??
    I dont know if that would have helped you , some could figure outa way to make more profit,[start 1 SPY +.....] but that's cash, not as thrilling or chiling or spilling.:caution::caution:
     
    #245     Jan 25, 2024
    ironchef and zghorner like this.
  6. hilmy83

    hilmy83

    Pimpin' out your aunt is not cool bro
     
    #246     Jan 25, 2024
  7. Hello newwurldmn,

    My edge to trading is ET forum, ONLY.

    Everyone here is truly awesome.
     
    #247     Jan 25, 2024
    NoahA and ironchef like this.
  8. bln

    bln

    Yeah I'm being ironic.. half ironic. Not about the setup, but that I would let anyone in on it
     
    #248     Jan 25, 2024
  9. @zghorner, I've got big respect for you to go public with this - alone because of the comission alone, it's almost impossible - not 100%, but almost impossible to win in the game of daytrading.

    Markets are so efficient that beating the S&P 500 by a wide margin is extremely difficult, as you experienced yourself.

    My idea, and it is slightly controversial, is a (kind of) vice investment. The old Philip Morris company's stock was one of the best investments ever, since 2008 you've got two companies representing this former one company,

    1) The US business is Altria, ISIN : US02209S1033
    2) The rest of the world is Philip Morris International, PMI in short, ISIN : US7181721090

    The dividend I'd simply reinvest in the company's shares. They pay out 4 x times a year each.

    So your remaining cash would be 50% PMI, 50% Altria.

    Hope this will work out for you if take this route.

    https://money.cnn.com/2015/02/19/investing/americas-best-stock-ever/

    If you don't want a concentrated bet in one industry, I'd simply invest in a low cost index fund on the Nasdaq 100, NDX in short.
     
    #249     Jan 25, 2024
    zghorner and murray t turtle like this.
  10. zghorner

    zghorner

    How much actual cash money you up this month?
     
    #250     Jan 25, 2024
    murray t turtle likes this.