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. ironchef

    ironchef

    It is a real puzzle, everyone says folks are leaving SoCal left and right yet I haven't seen traffic this bad before.
     
    #431     Jan 29, 2024
    TrailerParkTed likes this.
  2. ironchef

    ironchef

    If you were long OTM calls on Oct 2022 on any of these: META, MSFT, GOOGL, NVDA... you made 10X your of your investments.
     
    #432     Jan 29, 2024
  3. There are few real estate signs in my area too, let them believe the BS because that’s who we are trading against! I thank God for them!
     
    #433     Jan 29, 2024
    ironchef likes this.
  4. ironchef

    ironchef

    Do you get a discount on, or a fee Big Mac if you work there? If so, why should I day trade to get a free Big Mac?
     
    #434     Jan 29, 2024
  5. I think Zg could make the $30 a hour trading new high and new low attacks.
     
    #435     Jan 29, 2024
  6. alistera

    alistera

    It just shows how parasitic these public environments are, people can't even quote psychology correctly, everyone giving small bits of advice while underlying it they are all trading against themselves to make sure their losses are smaller than the next person.

    If your point was you can make higher profits with less effort than other people, sure that's possible and there are many ways to do it but like that other guy said you can't make infrequent wins with consistency while reducing risk, you can but not many can do it so it doesn't exist so everyone projects their own inability to do it, simple psychology.

    The key point being, I don't trade against these people so makes no difference explaining to others with a fresher mind that targeting high win rate with training capital via infrequent trades on variable change profits - which are not infrequent at low timeframes and provide swing trade direction as a bonus - will absorb the losses from most people on this site.

    If you target 15-20% per year you have 0.5% probability of success, so why not push to 0.1% probability and absorb everyone else's losses in the process, simply because they would need 5/10/20yrs to unwind their baggage and achieve the same result, hence you will never see it discussed, ever.

    Actually it's possible to bring them back to neutral in a year or two where they spend the next years making sure when it goes wrong they bounce off parity, but no-one does that. As for parking residual capital, real estate but a specific niche (two actually) which are future proofed due to demographic changes and fiscal dynamics over the coming years, unfortunately no ETFs on them yet so makes it a physical capital play.
     
    Last edited: Jan 29, 2024
    #436     Jan 29, 2024
  7. zghorner

    zghorner

    Zero substance. WAIT
     
    #437     Jan 29, 2024
    Laissez Faire likes this.
  8. ironchef

    ironchef

    You were the one that said easy, unlike @SimpleMeLike who struggled for years and finally made it, you implied you could be profitable from the get go.

    It wasn't easy, to profit from long options, it took years of trial and error to find the right timing, right buy. But once you figure that out, it could be a profitable way to trade, just like @SimpleMeLike's ES future trading.

    Let's not keep arguing in OP's thread about @SimpleMeLike or showing you my trades, let's focus on OP's struggle and give OP some encouragements and support.
     
    #438     Jan 29, 2024
    SimpleMeLike and zghorner like this.
  9. zghorner

    zghorner

    Nah save the encouragement and support. Talk about whatever you want.
     
    #439     Jan 29, 2024
    Laissez Faire likes this.
  10. ironchef

    ironchef

    I want you to be a successful Elite Trader.
     
    #440     Jan 29, 2024