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

    Be very careful about asbestos dusts. Your respirator may not be good enough to filter out microscopic dust particles.

    A cause of some lung cancers. Not worth the risks.
     
    #721     Sep 16, 2024
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  2. zghorner

    zghorner

    No doubt that is top-tier advice. Did he post it in this thread?

    Maybe one day I will revisit options, "the learning curve is high" is the truest statement ever. I just have severe doubt that I will ever get it without someone holding my hand. My math is fairly weak, never took calculus...basic level college algebra was a challenge even. Reading "trading volatility" currently and it is good...but still I just don't think I am at a skill level to pull much out of it.
     
    #722     Sep 16, 2024
    johnarb likes this.
  3. zghorner

    zghorner

    Yea the good thing is asbestos is its really only threat when in dust form and inhaled...using a heat gun to scrap the stuff up was no danger as it doesn't really vaporize/has an extremely high melting point.
     
    #723     Sep 16, 2024
  4. poopy

    poopy

    I spent a year remodeling the family home that was built in the 20s on the North Shore of Chi. 4500SF of lathe, wire and plaster -> drywall. It was a nightmare, yeah. Full basement made of huge concrete blocks that I had to chisel and re-mortar. It took me 12 hours/day for 100 days inside a damp basement on 90+ degree days. 1995. Grandpa stashed 90oz of gold in the walls (Krugerrands).
     
    #724     Sep 16, 2024
  5. zghorner

    zghorner

    Holy fucking shit. Jackpot.
     
    #725     Sep 16, 2024
  6. poopy

    poopy

    Ha, yeah, but the whole family shared in that haul. Rumored for years.
     
    #726     Sep 16, 2024
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  7. ironchef

    ironchef

    https://www.elitetrader.com/et/thre...ading-mentor-short-term-trading.380129/page-2
     
    #727     Sep 16, 2024
    zghorner likes this.
  8. ironchef

    ironchef

    After you are done with Trading Volatility, if you have time in between remodeling, read Taleb's two classics: Black Swan and Fooled By Randomness. No maths needed.
     
    #728     Sep 16, 2024
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  9. zghorner

    zghorner

    I've read FBR but not black swan. That thread you quoted is really good I guess I missed most of it.

    Also, handle123s post linked by poop is insane.

    Good stuff, thank you.
     
    #729     Sep 16, 2024
    ironchef likes this.
  10. ironchef

    ironchef

    We are both amateur retails, so I understand and share your pain. To win, we have to find a path, less traveled.

    I have been paper day trading stocks for over a year (couldn't find a good way to back test scalping tick by tick PA). Finally came to the same conclusion @poopy stated in his posts. It is hard to win when you started out already behind the 8 ball.

    I am overall profitable on paper but I think it is an illusion.
     
    Last edited: Sep 16, 2024
    #730     Sep 16, 2024
    johnarb and zghorner like this.