If you have just open a $2000 account,what would you do?

Discussion in 'Strategy Development' started by Mpas, Jul 15, 2019.

  1. %%
    Take 10-20% of the 2k+ become more of any expert by buying some selected books. That way, you may have a chance of getting more than 2 k.:caution::caution:,:cool::cool::cool::cool::cool:.
     
    #41     Jul 31, 2019
    GrowleyMonster likes this.
  2. That. Word.
     
    #42     Jul 31, 2019
    murray t turtle likes this.
  3. %%
    That ,Word. Actually Rich Dennis started out with about $2k. BUT SPY was equal to about $7.00 then ; so it could take a bit more than 2 k today. ................................ BUT investing $2,000+ , in a good mutual fund or SPY per year, really adds up over 40-50 years:caution::caution:,:caution::caution::caution::caution::caution::caution:
     
    #43     Aug 2, 2019
  4. To my mind, $2000 would be enough to use several strategies simultaneously. For example, I`ll choose the following assets allocation:
    - $1000 would be invested in leveraged ETFs based on S&P (e.g. SPXL, UPRO). They will follow the general market movement but with 3x leverage. For example, the position created after the previous market correction would bring you nearly 70% income just in a half of the year,
    - $500 would be divided among several biotech stocks with low float. Even if only few of them would actually succeed in their research, the gains received would cover all losses. When the biotech company recieves FDA approval it flyes up like a Bitcoin.
    - $500 would be used for intraday trading with "Stocks in play" - the stocks having strong catalyst, price under $5 and low float. The main idea is that such stock could move for $0,5-1 or sometimes even more, so they offer excellent trading opportunities. At the same time, it is important to avoid buying stocks just because they are cheap - they would only take yor money.
     
    #44     Aug 2, 2019
  5. Pkay

    Pkay

    Would that be just buying calls and puts?
     
    #45     Sep 4, 2019
  6. Pkay

    Pkay

    Could you please expand on this:

    a trend-exploiting Rules-Based Trading regime, restricted to EOD-data

    For example, would you use moving averages or other indicators? Thanks.
     
    #46     Sep 4, 2019
    tommcginnis likes this.
  7. Turveyd

    Turveyd

    Open a micro emini account and learn to daytrade/scalp in your available free time.

    Crack that you’ll get rich of 2k pretty quickly, anything else long slow game.
     
    #47     Sep 4, 2019
    Pkay likes this.
  8. Pkay

    Pkay

    What if you have a full time job and cannot day trade?
     
    #48     Sep 4, 2019
  9. Pkay

    Pkay

    Day trade or swing trade?
     
    #49     Sep 4, 2019
  10. Pkay

    Pkay

    If only it was that easy. Plus think of the toll it will take on your health, stress, long hours, office politics etc.
     
    #50     Sep 4, 2019