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

Overnight said:
You have it backwards...It is easier to figure out how to trade outright with margin in your face than with optionality to mitigate the outrights on day trading with all that IV stuffs.
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Maybe I am comparing apple to orange, day trading vs longer time frame option trading.

Options are quantifiable, are probability & algorithm based, almost everyone follows some basic algorithm & logic to price them. Once you understand the math and logic, there are many potential paths to profit.

I can't find any logic and algorithm for day trading, price change is almost Markov. My hat off to those who are consistently profitable, year after year, they are a special breed.
 
Kevin Schmit said:
Someone posted a method and edge last Nov 11th. Would earn you at least 2% a day, trading a fifth of your account size (but probably not scalable, so you couldn't compound past low double digit millions). Little risk.

No one was paying attention though, post got no replies, no likes.
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There is an old saying: When it is too good to be true, it is not true.

At least 2% a day double digit millions, little risk? You know the post, the method so you must be one of the two on ET that I know with a double digit millions trading account?
 
zghorner said:
Yea so I don't have an edge and just lose money constantly. Execution is solid, psychology decent, edge is poop.

Looking to just put some cash in longer term spots. VOO will probably get a portion of it but where else should I look? Any book or resource recommendations on liquid allocation? Not really interested in single company investments.

S&P made around 25% last year...did your trading account do better? Legit question if anyone outside of maybe Des and a few others are generating alpha....if my tradong account would have grown 25% last year I'd be pumped.

Thanks.
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Been reading the Reddit's ETF forum lately. Some of the guys advocate 100% allocations to certain ETFs. QQQM (nasdaq), VOO (spy), SCHD (dow div), VTI (world). Risk and volatility are in descending order. Of course, depending on your risk tolerance, you allocate more to the ones you feel comfortable with. But it's basically a set it and forget it thing.
 
zghorner said:
Any book or resource recommendations on liquid allocation? Not really interested in single company investments.
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zghorner said:
Yea so I don't have an edge and just lose money constantly. Execution is solid, psychology decent, edge is poop.

Looking to just put some cash in longer term spots. VOO will probably get a portion of it but where else should I look? Any book or resource recommendations on liquid allocation? Not really interested in single company investments.

S&P made around 25% last year...did your trading account do better? Legit question if anyone outside of maybe Des and a few others are generating alpha....if my tradong account would have grown 25% last year I'd be pumped.

Thanks.
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You should invest in something with wide market exposure like SPY. If you want an individual stock that has done pretty well in recent years that still has a decent amount of upside, check out PANW.
 
mervyn said:
wait for a major pullback, then plow half into es/nq futures market for hail mary trades
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thing is, the 'pullback# might not happen until the es is at like 7000.
Best to just start buying Voo and a few others like it now.
 
theapprentice said:
thing is, the 'pullback# might not happen until the es is at like 7000.
Best to just start buying Voo and a few others like it now.
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Incorrect, pullback always happens. In fact I already shorted last Friday at closing, just matter of how much profits one would want to get in a trade.
 
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