What would you do if you were me?

Randalli said:
What would you do if you were me?

The following is the general situation of my life now. How should I get out of this predicament if you were me?
Sex: Male
Age: 42
Marriage: Divorced after being betrayed, currently alone, no children
Language: Chinese and a little English
House: None
Job: Trading U.S. stocks for a living
Certificate: None
Skills: relatively high cognition, able to see the essence of things (my own opinion)
Financial situation: I have a capital of 200,000 US dollars. From 2018 to now, I have made a profit of almost 200,000 US dollars. I have spent 100,000 US dollars on daily expenses, and now I have 300,000 US dollars.

Dilemma: 1. The stock market is not good now and I can’t make money, but I can’t find a job without skills (it’s hard for people over 35 years old in my country to find a job). Now I can only use the existing funds to maintain my life.
2 I am worried that in the future, my country will be prohibited from trading U.S. stocks, and it will even be prohibited to remit U.S. dollars to me or to other countries.
More...
A few points of references:

1. Your CAGR is > 15% since 2018
2. SP500 CAGR is ~10% since 2018
3. NASDAQ CAGR is ~11.5% since 2018

You are doing quite well. I assumed you are trading in and out (i.e., day trade or swing) instead of investing. Since there were two bear markets in between, if you were positive during those two bear markets, it says you have an excellent method and you should be able to make a good living compounding on your gain and eventually will not need to trade for a living. Even if you lost money during those two years, it means during bull years you were killing it and trading as a profession is good for you.

I got lucky, started active trading after 2009, following the bull market and a few years back was at a point I didn't need my trading profits to put food on the table. Now I trade because I love to trade.

The real question you have to ask yourself is: Do I love trading? If the answer is a resounding yes, you can continue and will do just fine in life. If not, then it is time to learn a new skill and be another 996 in China.

Good luck and best wishes.
 
BKR88 said:
$100,000 expenses over 5 years?
If yes, put most of the $300,000 in a bank @ 5% which earns $15,000 per year.
If expenses are $20,000 per year you only reduce savings by $5,000 per year.
Wait out the move lower in stocks until things improve.
Use a small portion ($5,000) of your savings to take small positions with options.
While waiting, come up with a plan in case dilemma #2 happens. Open an offshore account? Get approved for a fund that trades OPM so it's not trading your account/money?
More...
What is OPM? I tried to search but couldn't get an accurate answer. My English is not good
 
Randalli said:
step 1 90% of the partnerships where I work involve men playing the role of providers. If I spend too much money, I will have less capital to trade stocks and earn less money, creating a vicious cycle
step 2 I don't know where to go, there are very few places where my passport is exempt from visa. Can you give me some advice?
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easy isn't an option. you want some clear path given to you that will lead to where you want to go.

first off...where do you want to go? what do you want to do? what do you want to be? (these are rhetorical questions...please don't answer them bc i don't care).

honestly i dont even know what im talking about, just pecking away while the number goes up and down.
 
ironchef said:
A few points of references:

1. Your CAGR is > 15% since 2018
2. SP500 CAGR is ~10% since 2018
3. NASDAQ CAGR is ~11.5% since 2018

You are doing quite well. I assumed you are trading in and out (i.e., day trade or swing) instead of investing. Since there were two bear markets in between, if you were positive during those two bear markets, it says you have an excellent method and you should be able to make a good living compounding on your gain and eventually will not need to trade for a living. Even if you lost money during those two years, it means during bull years you were killing it and trading as a profession is good for you.

I got lucky, started active trading after 2009, following the bull market and a few years back was at a point I didn't need my trading profits to put food on the table. Now I trade because I love to trade.

The real question you have to ask yourself is: Do I love trading? If the answer is a resounding yes, you can continue and will do just fine in life. If not, then it is time to learn a new skill and be another 996 in China.

Good luck and best wishes.
More...


I enjoy trading because I use my expertise in "cognition" to turn stocks into money

At present, on the one hand, the market is not good and money cannot be made. On the other hand, it is highly likely that my location will be banned from trading US stocks and cross-border transfers in the future
 
BKR88 said:
$100,000 expenses over 5 years?
If yes, put most of the $300,000 in a bank @ 5% which earns $15,000 per year.
If expenses are $20,000 per year you only reduce savings by $5,000 per year.
Wait out the move lower in stocks until things improve.
Use a small portion ($5,000) of your savings to take small positions with options.
While waiting, come up with a plan in case dilemma #2 happens. Open an offshore account? Get approved for a fund that trades OPM so it's not trading your account/money?
More...
In which country do you apply for the fund? If it were my country, it would be difficult
What are the requirements for applying for funds from other countries?
 
zghorner said:
easy isn't an option. you want some clear path given to you that will lead to where you want to go.

first off...where do you want to go? what do you want to do? what do you want to be? (these are rhetorical questions...please don't answer them bc i don't care).

honestly i dont even know what im talking about, just pecking away while the number goes up and down.
More...
Thank you. I will think it over carefully
 
Randalli said:
What would you do if you were me?

The following is the general situation of my life now. How should I get out of this predicament if you were me?
Sex: Male
Age: 42
Marriage: Divorced after being betrayed, currently alone, no children
Language: Chinese and a little English
House: None
Job: Trading U.S. stocks for a living
Certificate: None
Skills: relatively high cognition, able to see the essence of things (my own opinion)
Financial situation: I have a capital of 200,000 US dollars. From 2018 to now, I have made a profit of almost 200,000 US dollars. I have spent 100,000 US dollars on daily expenses, and now I have 300,000 US dollars.

Dilemma: 1. The stock market is not good now and I can’t make money, but I can’t find a job without skills (it’s hard for people over 35 years old in my country to find a job). Now I can only use the existing funds to maintain my life.
2 I am worried that in the future, my country will be prohibited from trading U.S. stocks, and it will even be prohibited to remit U.S. dollars to me or to other countries.
More...
Hello Randalli,

My advice is to keep on trading.

Problem solved!
 
Randalli said:
I enjoy trading because I use my expertise in "cognition" to turn stocks into money

At present, on the one hand, the market is not good and money cannot be made. On the other hand, it is highly likely that my location will be banned from trading US stocks and cross-border transfers in the future
More...
1. Your fear of the current market, like everyone here told me, is normal.

2. Get out.
 
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