What would you tell your 18 year old self about trading/investments?

Discussion in 'Trading' started by Mpas, Jul 16, 2019.

  1. LOOOOOOOOOOOOOOOOL this is a great thread
     
    #31     Jul 16, 2019
    tommcginnis likes this.
  2. Short EUR/CHF on January 15 2015
     
    #32     Jul 16, 2019
    VPhantom likes this.
  3. themickey

    themickey

    Strikejuly15leadpic.jpg
    That's the best plan.
     
    #33     Jul 17, 2019
    Nobert likes this.
  4. themickey

    themickey

    pup.jpg
    Sounds like bloody hard work, not for me thx.
     
    #34     Jul 17, 2019
    LS1Z28 and comagnum like this.
  5. Mpas

    Mpas

    Any broker that you recommend(considering the costs of commissions and fees) for investing monthly on the sp500?What do you think about Interactive Brokers for doing this type of long term investments?
     
    #35     Jul 18, 2019
  6. Snuskpelle

    Snuskpelle

    While IB is great in general, if you're very low volume (monthly accumulation on small acc qualifies as this) then IB can be more expensive than necessary. I'll leave it to others to make alternative suggestions though.
     
    #36     Jul 18, 2019
  7. ironchef

    ironchef

    No commissions with Schwab if you buy Schwab SP500 index, expense ratio 0.02%. By the way Vanguard SP500 expense ratio is 0.04%.
     
    #37     Jul 18, 2019
  8. Handle123

    Handle123

    In 1975 I was eighteen. Say yes to gal who proposed when we were in the Army. Never ever go into scalping/day trading, but start long term and swing trading commodities before stocks. Backtest, backtest, backtest and learn how to program much earlier. Day traders don't have yachts cause they forever changing and trying new patterns, just no time, big money and much more time to oneself when trading long term, swings, learn about hedging and options. Buy slivers of property right next to Interstates for cell phone towers and billboards. On outskirts of cities block off Interstates buy 50 acres for eventual storage buildings and buy old factories on outskirts of Denver and accumulate used bottling equipment, yes, one day people will be buying water in the bottle.
     
    #38     Jul 18, 2019
  9. Mpas

    Mpas

    And what it would be considered a big volume? How much money approximately?
     
    #39     Jul 18, 2019
  10. vanzandt

    vanzandt

    Yes... And after you make your fortune in 2000.... its time to kick back a little. So buy a lawn chair, a daily 6-pack of beer, and a Nikon with a good telephoto lens.

    Park the old '63 (with the hopped up engine and sand bags in the back) by the fence next to the FBO at Teterboro Airport.... kick back, take in the sun... and just start snapping candids of anyone and everyone who boards Jeffrey Epstein's 727 with him.
    List them on E-Bay in July of 2016 and see who bites.
     
    #40     Jul 18, 2019
    nooby_mcnoob likes this.