Investors haven’t begun to price in recession: Here’s how far the S&P 500 could fall

Most of my positions are short. Only follow the trend. Now, it is headed down, I will short it with put options. When it bottoms and starts moving up, I will go long as well. A lot of stocks will become dirt cheap then----that is the time to pounce and go long. Most retail traders will be wiped out because they will ride the trend, all the way down. Then, capitulate and sell at the bottom. A huge waste.
 
deaddog said:
That's a good goal. How much longer do you have to go to accomplish it. Right now my manual trading account balance is $5000, so I have $995,000 more to go.

My algo trading account balance is $5000, so I have $995,000 to go.

Will my manual trading or/and algo trading get me to a $1,000,000 in 5 years? I do not know right now. But that is the plan.

How do you balance your work life with day trading? I trade for 3 hours a day and go to work afterwards. What do you do for work or rather is it related to the financial /trading industry? I work in the drugs distribution business.
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Hello deaddog,

What's up buddy?

I answer your questions in red

Good Questions!
 
deaddog said:
LOL
I have to assume pharmaceuticals rather than street drugs or you'd have a lot more than 5k to play with. Why should I risk more just yet? $5K is more than enough for futures. The rest of money stay with my drug business and my savings.
Does your job give you any edge in the pharma sector? This is a very good question you asked although I think you mean, "Does your job give you any edge in the trading sector?" Yes. my job in drug business gives me a very good edge in the trading sector. Mainly, how to hit a quick like when trading.
How many months left in your plan? 5 years left according to plan
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Hello deaddog,

See my response in red for simplicity.

Please let me know if you have any other comments, questions, or recommendations.
 
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