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

zghorner said:
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.
More...
%%
THAT depends zg;
thrills that come with leverage insure max loss, sounds like you got what you wanted .[At peace you said...]
But I don't like losses[excess business expences]. Amazing you think ''few
are ...''
I dont think trading-investing is gambling; even though some use that word for ''stupid risk''
You could do much more study, if you were interested in profits;
of course if you dont like study/ leverage on man.
Since you noted S+P 500+ few beat that;
wonder what happened if you had sometimes bought 1 SPY??
I dont know if that would have helped you , some could figure outa way to make more profit,[start 1 SPY +.....] but that's cash, not as thrilling or chiling or spilling.:caution::caution:
 
@zghorner, I've got big respect for you to go public with this - alone because of the comission alone, it's almost impossible - not 100%, but almost impossible to win in the game of daytrading.

Markets are so efficient that beating the S&P 500 by a wide margin is extremely difficult, as you experienced yourself.

My idea, and it is slightly controversial, is a (kind of) vice investment. The old Philip Morris company's stock was one of the best investments ever, since 2008 you've got two companies representing this former one company,

1) The US business is Altria, ISIN : US02209S1033
2) The rest of the world is Philip Morris International, PMI in short, ISIN : US7181721090

The dividend I'd simply reinvest in the company's shares. They pay out 4 x times a year each.

So your remaining cash would be 50% PMI, 50% Altria.

Hope this will work out for you if take this route.

https://money.cnn.com/2015/02/19/investing/americas-best-stock-ever/

If you don't want a concentrated bet in one industry, I'd simply invest in a low cost index fund on the Nasdaq 100, NDX in short.
 
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