Down to about $90k, where would you park it if your trading skills were trash?

[zghorner]

Hello zghorner,

I perfectly understand buddy. I understand.

I would take the money and put in savings man and not invest in nothing.

CDs ain't a bad deal these days.

 

[SimpleMeLike]

$1000 to a million in a year??????


Ummmm. Not happening. Now if you said $1000 to maybe 6 or 7k in a year I might believe it.

No one is turning 1000 into a million trading futures.

Good Evening S2007S,

You never know what anyone is doing in the futures market. You just do not know.

 

[Zwaen]

By the way for a fun fact here, nvda has added an entire AMD with its market gains. Yes nvda has added over a quarter trillion in market capitalization in just under 3 weeks of trading.


Let that sink in ...nvda has added an entire AMD in 3 weeks in market capitalization......

Something is just not right.

You are probably right but whenever i listened to “wise” comments i always lost

markets just don’t work that way

 

[SimpleMeLike]

CDs ain't a bad deal these days.

Hello zghorner,

Put that money in savings bro, and Think. Just sit back and think. Just think.

There is nothing to invest in.

The only thing on your mind should be how to take $1000 to $5000 of your money, and turn that into to $100K, then a million.
Take the rest and put in savings and DO NOT invest or trade it.

All you have to do is just think, stare, think and stare.

 

[SimpleMeLike]

Yes most was with options. Huge positions on absolutely ridiculous plays. Had a few home runs but would end up thinking I knew something and get wrecked...I cannot describe how horrible some of these bets were lol I look back and can just shake my head...pure gambling.

Moved to futures and been doing it the right way. 1-2% risk per trade waiting for setups that i worked pretty hard to create. Still losing money. What looks like a solid setup in hindsight is worthless live as price movement through long bars/candles will stop me out. I'm just not a good trader and thats ok.

The loses have been over the course of about 4 years, initially yes it was crazy painful as I had to face legit failure from something I poured a Ton of effort into for the first time (pretty much have excelled at everything I've given a solid go to in life). The worst part probably was the fact that not only myself but everyone close just expected it to work out for me as well...nothing but support from family even now my wife wants me to continue and has 100% faith. lol...whoopsie daisy.

But it's not a big deal these days I'm at peace with it.

Hello zghorner,

I have one algo that I can sale you. It needs $50,000, and it will make you $500,000 in a year.
I can zoom call you and let you see all the back test and details and what ever you want. I do not have $50,000 right now to risk.

I sale you the algo for about $6000, just do not share with anyone.

You should PM me, so I can show you my algos that require the type of money you have.

You seriously need to talk to some serious ES traders out here man, you sitting on alot of good capital to take risk with. Get an algo.

 

[mervyn]

wait for a major pullback, then plow half into es/nq futures market for hail mary trades

 

[ph1l]

Any book or resource recommendations on liquid allocation? Not really interested in single company investments.

https://www.lazyportfolioetf.com/allocation/ has examples of ETF allocation by percentages for a particular risk level. The site also has a backtesting tool to test your own ETF allocations.

 

[ironchef]

Yes most was with options. Huge positions on absolutely ridiculous plays. Had a few home runs but would end up thinking I knew something and get wrecked...I cannot describe how horrible some of these bets were lol I look back and can just shake my head...pure gambling.

Long or short?

I like to go long, risks capped, rewards uncapped, being doing it since 2014, higher CAGR than QQQ or SPY.

Moved to futures and been doing it the right way. 1-2% risk per trade waiting for setups that i worked pretty hard to create. Still losing money. What looks like a solid setup in hindsight is worthless live as price movement through long bars/candles will stop me out. I'm just not a good trader and thats ok.

I find short term trading (day trading) much harder. I am back to paper day trade.

If you have some technical training or math background, you shouldn't give up on options unless you give up trading completely.

Best wishes.

 

[ironchef]

Yea I'm not about to buy any individual company.

Why not?

 

[zghorner]

Long or short?

I like to go long, risks capped, rewards uncapped, being doing it since 2014, higher CAGR than QQQ or SPY.
I find short term trading (day trading) much harder. I am back to paper day trade.

If you have some technical training or math background, you shouldn't give up on options unless you give up trading completely.

Best wishes.

Long options (no spreads). I'm talking betting 30%+ account on one single name lol..with no legit reason. usually 3-6 months out and just watch it bleed to death because I had no idea how important volatility was. Absurd.