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Hello All, I will get straight to the point. Questions: 1. What is the purpose of a Diversified Algo Portfolio when I can just DCA SP 500 index the rest of my life for like $500 a month? 2. Is it possible the portfolio will return +50% every year the next 20 years? 3. Are Diversified Algo...

Hello @qlai Here is another good one that is important for new traders. 1. invest and trade.

Hello deaddog, I agree with you man. A trader has to have a Plan that covers every mental and trading decisions, and stick to that plan for 1 year and see what happens. The plan needs to cover: 1. What to do after X losses in a row. 2. What to do about drawdown. 3. When to stop trading this...

Good Morning deaddog, I believe having a well written out plan that is reviewed by professional trader of experience is a good idea as well. Good comment.

Good Morning qlai, The ONLY 3 things I would tell the new trader is : 1. Stay in demo until you prove to yourself you can make money for +1 year straight. +6 months is the minimum. Do not risk your trading capital until this step is done. 2. Stay extremely dedicated to your full time 9-5...

Hello newwurldmn, What business will give me $ 1 million a year within the next 3-5 years? Thanks

Hello rb7, Just my opinion, but everyone has to trade a way that makes them happy day to day. Rather it be high or low win rate style of trading.

Hello farmerjohn1324, Yes, scalping is more profitable and rewarding long term. Best to keep the life simple and get the small point on ES, so your account grow over time. This is what I do and keep my day and life simple. If you work too hard for too long, you end up nowhere and running in...

Hello farmerjohn1324, Yes, I agree with you on this. You have to take the small profits in the ES markets to calm the mental and win alot. If you try to manual swing trade for big profits, you get the drawdown and work very hard to recover and have to think alot while in drawdown. We need...

Hello schizo, I rather lose $50K trading then lose it trying to start a business and failing.

Hello TimtheEnchanter, Please tell me what legal business to start that is better than having a 40 hour a week job that pays +$100K per year, great health insurance, and 401K retirement plan? Make sure the legal business can make $100K by end of year 2023 please. Please do not reply unless...

Hello schizo, The start up cost to trading is cheaper then starting a business. Trader has full time job and career. Trader takes $50,000 from savings to trade part time. Trader loses $20,000 of the $50,000, and now have $30,000 remaining in 1 year. Trader stop trading and moves on to...

Good Morning schizo, For 5 years, the business owner trying to start business experience the following: 1. Loss of other income and investment opportunity for 5 years. 2. Loss of dollar cost average in 401k SP 500 index for 5 years. 3. Go in business debt and loans at high interest for 5...

Hello nrstrader, EXACTLY, All these people talking about starting a business being naïve like start and running a business is the path to fortunes. Noone on this forum can tell me a business to start that make more than $100,000 per year the first year of business. NOONE. not one person. I...

Hello TimtheEnchanter, Please tell me what business to start that is better than having a 40 hour a week job that pays +$100K per year, great health insurance, and 401K retirement plan?

Hello MKTrader, Please tell me a what "profitable side hustle" to start researching and invest in? Thank you,

Hello MKTrader, Thanks for the response sir. Yes, I understand. I will stick with my full time job/career and max out 401K to government limits in SP500 index. I do not want to risk money on business starting and for sure lose. I will never quit my full time job. Starting business is too much...

Hello MKTrader, If you have a better option then 1 and 2, I would love to hear it.

Good Morning ValeryNm A good low risk guaranteed income for years to come is: 1. Find a good paying full time job. GURANTEED money to day to day 2. Invest in job 401K in SP 500 index. GURANTEED money for years and years and decades to come. That is all I know. Keep it Simple.

Hello GlobalMacro90, Exactly, Jim Simon fund returned 66% annually over a thirty-year span from 1988 to 2018. His fund is the best group of traders I ever met in my life. on the retail side, I do not know. Mark B. is very good trader.