I'm finding from experience, the longer I trade stocks, the smaller my position size and the more diversified I'm becoming. What in effect I now do is nibble into positions. Higher brokerage but it gives me time to suss out the strength of moves. Breakout trader.Heed this! The more you make (in reality or in unicorn land) more you risk! In the long term, you will face this! There is no way to get around this so wake the fuck up and smell the coffee!
Advice on how to make 5%/month on $1 million
- Thread starter blaze1635
- Start date
his firm has 70 employees and qualifies for YPO: which means it has a certain payroll requirement and a certain revenue or enterprise value requirement. I think the min revenue is 15mm but in Austin it might be higher. With 70 employees he’s probably clearing 3mm/year himself at the minimum revenue.
2mm wasn’t play money for him but it wasn’t his life savings.
further, according to this family’s LinkedIn, they were early investors in airbnb. So they have that going for them.
%%
Good thing about any business/ NO one can tell you how much you can earn.
AND really, who could have even guessed all the opportunity in burgers + energy drinks + bottled water / of all things ??
Having said that-- ever noticed this common pattern?? IBD founder noted new traders want too much, with to little work. Original poster asked some good specific questions , but 2 -3 hours a day work may disappoint anyone??
I saw earlier Bezos is stepping down and anointed some cloud computing guy as successor. I don't get it... I've been a customer/user of amzn products and services for years. I even have a prime membership! I deserve that position!! Bastards!
Yup. In my original post to OP, I mentioned his constraints may be at odds with his desires.
Indeed. Barring size issues, day-trading is limited only by what the traded markets offer.
Seems like quite a bargain. But then again the best alpha I’ve come across has been had for free.
Paying for it, in many cases, makes it easier to hear it (for whatever reason.)
I suspect it might have something to do with cultural conditioning; ’you have to pay your dues’, ‘no pain no gain’ and/or ‘you get what you pay for.’
Thanks for the link, even though the bargain price has me skeptical, at least it can give access and insight into his perspective.
It can be done via options trading but you'll have to spend a lot of time managing your positions.
I've been making over 11% per month since June, 2019. All my trades were announced BEFORE I did them. This was not a simulation. I usually make only one trade (or none) per day. Most days, the trade is done about 8:00 AM, Pacific time. I have spreadsheets documenting the trades. I trade only broad-market ETFs, such as SPXL, TQQQ, SOXL, TNA, IWM, SOXL, NAIL, UDOW, etc. No individual stocks, no futures, no options, no shorts, no forex, no crypto, nothing fancy. Wait - Last year I did make three small trades in F (Ford). Those were the only exceptions, and those trades made only 7% for the entire year. Total number of trades last year was 117.
