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Take 10-20% of the 2k+ become more of any expert by buying some selected books. That way, you may have a chance of getting more than 2 k.
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If you have just open a $2000 account,what would you do?
- Thread starter Mpas
- Start date
Take 10-20% of the 2k+ become more of any expert by buying some selected books. That way, you may have a chance of getting more than 2 k.
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Take 10-20% of the 2k+ become more of any expert by buying some selected books. That way, you may have a chance of getting more than 2 k.
That. Word.
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That ,Word. Actually Rich Dennis started out with about $2k. BUT SPY was equal to about $7.00 then ; so it could take a bit more than 2 k today. ................................ BUT investing $2,000+ , in a good mutual fund or SPY per year, really adds up over 40-50 years
,To my mind, $2000 would be enough to use several strategies simultaneously. For example, I`ll choose the following assets allocation:
- $1000 would be invested in leveraged ETFs based on S&P (e.g. SPXL, UPRO). They will follow the general market movement but with 3x leverage. For example, the position created after the previous market correction would bring you nearly 70% income just in a half of the year,
- $500 would be divided among several biotech stocks with low float. Even if only few of them would actually succeed in their research, the gains received would cover all losses. When the biotech company recieves FDA approval it flyes up like a Bitcoin.
- $500 would be used for intraday trading with "Stocks in play" - the stocks having strong catalyst, price under $5 and low float. The main idea is that such stock could move for $0,5-1 or sometimes even more, so they offer excellent trading opportunities. At the same time, it is important to avoid buying stocks just because they are cheap - they would only take yor money.
- $1000 would be invested in leveraged ETFs based on S&P (e.g. SPXL, UPRO). They will follow the general market movement but with 3x leverage. For example, the position created after the previous market correction would bring you nearly 70% income just in a half of the year,
- $500 would be divided among several biotech stocks with low float. Even if only few of them would actually succeed in their research, the gains received would cover all losses. When the biotech company recieves FDA approval it flyes up like a Bitcoin.
- $500 would be used for intraday trading with "Stocks in play" - the stocks having strong catalyst, price under $5 and low float. The main idea is that such stock could move for $0,5-1 or sometimes even more, so they offer excellent trading opportunities. At the same time, it is important to avoid buying stocks just because they are cheap - they would only take yor money.
Would that be just buying calls and puts?
Could you please expand on this:I would
• trade shares of the SPY and "a certain subset"of leveraged/volatility ETFs,
• via a trend-exploiting Rules-Based Trading regime, restricted to EOD-data --
• with long + short positions in both, with
• average hold in the SPY of ~5 days, and
• average hold in the lev'd/vol ETFs of ~2 days.
As the equity grew, I would add vertical S&P spreads, top and bottom, 2-4 weeks out, with an intended 5-day/50% hold. (And a 1.9x stop loss.) But that'll be a while.
a trend-exploiting Rules-Based Trading regime, restricted to EOD-data
For example, would you use moving averages or other indicators? Thanks.
What if you have a full time job and cannot day trade?
Day trade or swing trade?
If only it was that easy. Plus think of the toll it will take on your health, stress, long hours, office politics etc.