Search results

I don’t think so. In below article it says “Notwithstanding that traders are in a trade or business, they are not subject to self-employment tax owing to the rule that dividends, interest from securities, and gain or loss from the sale of capital assets are not considered self-employment...

Does the book have “contact the author” info? The guy is retired, so maybe will be glad to talk to you about the past :)

You get much more leverage when you day trade vs holding overnight, for one. But my argument was trading vs job, any style with asymmetric payoff will do.

Start a charitable organization. The best gift is the one you give. But it’s hard for a person to go from scarcity to abundance state of mind. Hope to get there one day.

Yeah, I think I painted with a wide brush. I was thinking about UOA specifically. I was thinking catching something that was event based.

Tease:)

ETA?

If you trade manually, how can you give the secret out? That can only be done if you can automate the strategy. Can your strategy be fully automated?

I suggest you watch Jigsaw videos, they explain the dynamics. There are a few good videos by SMB on how the traders use level2 to time entries. Also watch MadAssMoney videos on the topic. The main point, in my opinion, is that it’s true that the games are being played on Level2, but it’s a good...

But IF it does, why should I care when it’s an apocalypse? Will everything be wiped out? In that case, we’re all doomed and there’s nothing to worry about because you will not be able to protect yourself with any asset in any country. A more likely scenario is stagnation (Japan lost decade)...

I watched interview with him, very interesting indeed. He said that it used to be that Fed was reactive, but recently became pro-active which prevents declines from even starting (obviously COVID was exception). He said that governments are just kicking the can. I think what is happening is...

What many people miss, imho, is that the fact that one can use hidden order but chooses not to is valuable info. Btw, while you can’t see hidden orders on the books, you can see trades on time and sales. As everything in trading, nothing is guaranteed to work all the time. That being said, I...

Because he’s not one of the Wall Street Bets YOLO guys. He knew what he was doing.

Do you know who he is? He is very well known and been doing this for years.

Not BS, IMO. The guy just went for it at the right time with the right stock. This is what makes trading worth it - you can grind for years and then catch the life changer. But you must position yourself for that. I suspect 2020 was that kind of year for many.

The history proves otherwise. Hold On For Dear Life (HODL) is the new Buy And Hold. I am not talking trading here, but passive investing. Again, only works if you don’t over leverage and stick with quality.

That is only true if you've leveraged yourself too much. Obviously, no one likes to be in a drawdown, but for most retail "investors" it's acceptable. So let's say you quit your job and start running the Wheel strategy on high beta stocks to get that nice "steady" income (like in the video I...

I don’t think it’s appropriate to compare professional money managers with someone who is running their 401k on the side. Pros can’t afford underperforming even for a quarter , while retail can sit out massive draw downs.

Just because you have the capital doesn’t mean you can extract same profits every month. Some make most of the profits in a few good days a year and grind the rest(normal year, not 2020). Also, they are taking on leverage and more risk than what you asked for.

Hey, I'm curious, wouldn't you consider a steady returns if there was an edge there? Sounds a bit prejudice. Does this have an assymetrical payout?