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Don't day trade.

Regarding the confusion over legendary Renaissance Technologies: Only their Medallion Fund probably figures to outperform over long periods- they have even closed funds that were doing badly. Medallion is capped at ten billion and only open to founders and employees. They cannot find enough...

Only their Medallions Fund outperforms Regarding the confusion over legendary Ren. Technologies: Only their Medallion Fund outperforms. This fund is capped at ten billion and only open to founders and employees. Medallion has made over sixty percent a year for over thirty years with only...

The head is stick in the shoulders!! (Hopefully you are not serious)

Leave shorting to the few very few savvy and knowledge people who can successfully get away with it. Should you win on this position, your bad habit will simply be reinforced. Suggestion: keep putting money in the market via your tax efficient retirement account, year after year, decade after...

No retail investor needs Bitcoin.

Retail options traders normally get crushed. There are many reasons for this but the reoccurring frictional costs are an underrated one, and the speedy and fierce competitions from algos is another.

Please realize that the great majority of people will lose with all three of these methods, though the service providers and touts generally do well. Beware of wrong incentives.

Warren Buffett has beaten the market on every rolling ten year period for his entire life.

Lol . Buffet was never literally going broke.

I would teach him to first of all hit Max and Market on his retirement account, like a 401K, year after year, decade after decade. If he was self-directed, I would suggest he periodically buy Berkshire Hathaway and tell his family and friends: "Warren Buffett and his brilliant successors work...

This post will lead you down the wrong path as it is simply a bunch of general thoughts and opinions. You need a demonstrable edge that is worthwhile and risk management, plus the consideration of opportunity costs. Worthwhile edge, I write? Yes... and getting one is what most of the fuss is...

Sure.. if the cost per share to trade as well as the fills on odd-lots of less than 100 shares are similar to trading 100 share lots was the same, I could see practicing on odd-lots quite a bit smaller than 100 shares a pop. The idea is to keep tuition reasonably low while being a losing trader...

Ahh .. it has been many years since I day traded but back in the day I was able to get better fills for odd-lots less than 100 shares.. and that could have changed. Sure.. if the cost per share to trade as well as the fills on odd-lots of less than 100 shares are similar to trading 100 share...

The key ideas are, for a beggining equities day trader, to keep both tuition and unneeded stress low, while avoiding tiny odd-lot trading. The assumption being that the beginning day trader will have a disadvantage on the money they put in action. A beginning day trader will usually not be be...

Yes, you want to be around people who are successfully doing what you want to do and add value to their lives!!! It is great you are not looking into the paid gurus-for-hire crowd. Good relationships and good choices go a long way.

Assuming you are talking about day trading stocks: Once a beginner thinks he is ready, he should be trading no more than 100 shares at a time, for obvious reasons.

What skills and personality traits do you bring to the table? I will offer this: ideally you want to develop relationships with people who are successfully doing what you want to do, and mostly stay away from gurus-for-hire.

Some games you will not be able to beat no matter what you see, even though they used to be beatable.