What would you do if you were me?

Discussion in 'Trading' started by Randalli, Oct 23, 2023.

  1. ironchef

    ironchef

    A few points of references:

    1. Your CAGR is > 15% since 2018
    2. SP500 CAGR is ~10% since 2018
    3. NASDAQ CAGR is ~11.5% since 2018

    You are doing quite well. I assumed you are trading in and out (i.e., day trade or swing) instead of investing. Since there were two bear markets in between, if you were positive during those two bear markets, it says you have an excellent method and you should be able to make a good living compounding on your gain and eventually will not need to trade for a living. Even if you lost money during those two years, it means during bull years you were killing it and trading as a profession is good for you.

    I got lucky, started active trading after 2009, following the bull market and a few years back was at a point I didn't need my trading profits to put food on the table. Now I trade because I love to trade.

    The real question you have to ask yourself is: Do I love trading? If the answer is a resounding yes, you can continue and will do just fine in life. If not, then it is time to learn a new skill and be another 996 in China.

    Good luck and best wishes.
     
    #11     Oct 23, 2023
  2. Randalli

    Randalli

    What is OPM? I tried to search but couldn't get an accurate answer. My English is not good
     
    #12     Oct 23, 2023
  3. zghorner

    zghorner

    easy isn't an option. you want some clear path given to you that will lead to where you want to go.

    first off...where do you want to go? what do you want to do? what do you want to be? (these are rhetorical questions...please don't answer them bc i don't care).

    honestly i dont even know what im talking about, just pecking away while the number goes up and down.
     
    #13     Oct 23, 2023
  4. zghorner

    zghorner

    Other Peoples Money
     
    #14     Oct 23, 2023
    BKR88 likes this.
  5. Randalli

    Randalli


    I enjoy trading because I use my expertise in "cognition" to turn stocks into money

    At present, on the one hand, the market is not good and money cannot be made. On the other hand, it is highly likely that my location will be banned from trading US stocks and cross-border transfers in the future
     
    #15     Oct 23, 2023
  6. Randalli

    Randalli

    In which country do you apply for the fund? If it were my country, it would be difficult
    What are the requirements for applying for funds from other countries?
     
    #16     Oct 23, 2023
  7. Randalli

    Randalli

    Thank you. I will think it over carefully
     
    #17     Oct 23, 2023
  8. Hello Randalli,

    My advice is to keep on trading.

    Problem solved!
     
    #18     Oct 23, 2023
    ironchef likes this.
  9. ironchef

    ironchef

    1. Your fear of the current market, like everyone here told me, is normal.

    2. Get out.
     
    #19     Oct 23, 2023
  10. ironchef

    ironchef

    Sage advice.
     
    #20     Oct 23, 2023