Almost hit 2 million shorting Bitcoin.
1 million is going to investments (private technology, REITs, bonds, etc...)
I'm buying a fixer upper in Europe to learn a second language/acquire citizenship.
I am going to pour a significant amount (200k+) into my own education.
1. Do you think...
Dumped my short CFDS when Bitcoin blew past $9000. Still holding my regular shorts. I expect Bitcoin to hit $6000 by June (being conservative) and possibly as low as $4000.
I am looking to get into futures trading on a longer term basis (weeks to a few months) after I trade in my U.S. citizenship.
Unfortunately, most of my money will be tied up in my house and rental business. Figure I can put up 100k initially:
1. Are there any unexpected costs I should be aware...
I've shorted bitcoin since it went below $10000 with my entire life savings. I've even thrown in a bit of CFDs for good measure. At the moment, I'm up ~$40000 on CFDs alone. If Bitcoin even hits $2000 this year, I'll be able to retire to my dream country: Monaco. Apparently, the word is that...
The biggest thing is income. Look how long it took Dan Zanger to get rich, but he always had a job. This was during the boom years. Jobs today are much harder to come by.
With that, I think you mean Jane Street. I mean even low level firms are looking for people with a Bachelor's degree and know how to trade algorithmically along with programming: big distinction.
And what about the parents (even wealthy) that give their kids absolutely no financial support and kick them out at 18? It's basically get a job AND finish college or have no place to live.
I've been trading for the past five years and I have solid track record in cryptocurrencies, stocks, and ETFs. Many prop firms as of late either don't trade crypto or are pushing for Quant Traders (even bucket shops, as unbelievable as it may sound). It seems the only way to go forward is to...