Day Trading to Multimillionairedom
- Thread starter Blaze
- Start date
Actually if you look at the numbers the figures are made up. Read the small print.
If you wanna do this business you need capital. When I mean by capital, I am talking about real money. With numbers like 25k,50k,100k it will be like rowing the boat against the wind and go nowhere. You will tire yourself, stopped in/out, try to cover your losses, put yourself in deeper s**t doing so.
Fancy degrees, titles, being an apprentice to a Japanese nuclear physicists at the age of 20 or finishing MIT in 2 years won't do anything.
Isaac Newton was also a genius but he bot the paper at the top and lost a fortune.
Way to multimillionairedom goes with investing Holding the paper & sitting tight. Not day- trading.
You can obviously day trade and make money but with experience, knowledge and capital. The root has to be strong.
Fancy degrees, titles, being an apprentice to a Japanese nuclear physicists at the age of 20 or finishing MIT in 2 years won't do anything.
Isaac Newton was also a genius but he bot the paper at the top and lost a fortune.
Way to multimillionairedom goes with investing Holding the paper & sitting tight. Not day- trading.
You can obviously day trade and make money but with experience, knowledge and capital. The root has to be strong.
Agree. That is why it is better to see live trades. Great post by the way as we share a similar philosophy.
Wrong thoughts. I know a successful day trader. He has been trading in a plus for many years and lives on this money. I myself was present at his trade several times. He keeps his strategies secret. Yes, everyone who shouts that they will share their secrets in their trading courses are mostly losers. And successful traders always keep good secrets of earning to themselves.
How long did it take for the dow dji to break even with the highs of 1929?
I wonder how much longer it would have taken if they didn't swap out losers.
No need to go that far back. If you bot 100k worth of AMAT,AMD & TSM in 2020 you would have tripled your account in a year.
An Investor who had 100k pocket change sitting on the sideline and decided to throw 15k shares to NIO, he would profit 7x invested money in 9 months.
No mention of the stocks that tanked like Nortel
"If you bot 100k"
Yes IF a person followed your specific recomendation, that might be cool.
IF is a nice word.
IF my aunt had balls she'd be my uncle.
You dance around the issue of Buy and Hope vs. "Day Trading".
A buy and hoper circa 1929, what is the expected hold time that individual would need to employ in order to prosper from his Buy and Hold Method starting in August of 1929? Go take a look at the chart, you may be surprised.
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