What would you do if you were me?
- Thread starter Randalli
- Start date
btw....what did you do to accumulate $300k as a chinese citizen? did you have a job before you start trading? if yes, what was your job before you start trading? don't tell me your parent are one of those ccp government official?
Investment...Your guess is as good as mine. I would say put the money into several different countries at this time.
Jobs...Programing (coding) as others have said. Other jobs; taxi driver, Uber (Uber Eats), security guard, translator, baby sitter, buy or sell a product in need.
I was thinking of cattle ranchers...They would take almost any food stuffs that were going to be thrown away...Toss it to the cows. I would see things like Hershey Kisses, old wheat bales, broken almond branches, flipped commodity truck products, smashed up watermelons sent to the cattle. Disk up what they didn't eat.
Jobs...Programing (coding) as others have said. Other jobs; taxi driver, Uber (Uber Eats), security guard, translator, baby sitter, buy or sell a product in need.
I was thinking of cattle ranchers...They would take almost any food stuffs that were going to be thrown away...Toss it to the cows. I would see things like Hershey Kisses, old wheat bales, broken almond branches, flipped commodity truck products, smashed up watermelons sent to the cattle. Disk up what they didn't eat.
Before I started trading stocks, I had a clerical job and had no savings. I sold my house and got 200,000 US dollars. I made 200,000 US dollars by trading US stocks in 5 years. I spent 100,000 US dollars on living expenses in 5 years. Now I still have 300,000 US dollars. I’m just an ordinary person
Oh? What city in China was this house in? How are u able to afford a house with a clerical job and no saving? Now that you sold your house, are you renting?
You obviously like to go around in endless circles.
Don't ask others: "What would you do if you were me?"
Ask instead: "I will do X, Y, and Z. Is this a good idea and what improvements can you suggest?"
I've learned on this forum, you throw out ideas. Many get shot down...But, you glean what is valuable, then run with it.
Sometimes being vague is OK. But, many times you need to give more detail...
First of all, delete your Elitetrader account - what are you on here for?
Second, get a job. There are plenty of jobs which need no real skills. Food delivery, drive Uber, work in a bakery, customer service/tech support/call center, work in a hotel if you speak English. If you see these as dead-end jobs with no future, then pick one which has some degree of career potential (eg, work in a call center or hotel and you can eventually become the manager) or which allows you to eventually work for yourself (eg making lattes to owning the coffee shop).
You already know perfectly well what you have to do, it’s just that you are too lazy and have too much ego to sack up and do it, so you delay by seeking advice from random people on the internet. My advice is to grab your balls and get started because you aren’t getting any younger, and trading stocks with minimal capital is a shitty retirement plan.
I agree. The living environment is everything. You can make all the money in the world but if you can't live there and the money is not even going to be available to you, that equals to nothing.
First regarding your trading strategy, you need to develop trading strategies that allow you to trade in non-trending markets. You are going to need it no matter which market or instruments you trade in or with. You think the futures market always has directions? You don't think it would go into directionless whipshaws? All markets can go into what's called directionless phases from time to time. What are you going to do? Change markets or instruments as soon as the market or the instrument goes directionless? No it's your strategies that need to be dynamic enough to fit all market conditions.
Second, regarding where you are going to live. Unless you want to exchange all your trading capital from USD to CNY and trade the Chinese or Asian futures market, my suggestion to you still remains for you to get out of China which is where I assume you live in right now because as long as you trade in USD, there is always a risk that the government will one day put in some kind of capital control like you said that can disallow you from trading in US stock market or exchanging USD to CNY or disallow you to take USD out of China. Better eliminate that risk now before it happens because once it happens, it would be too late. Honestly you can go to any country in the world as long as it's a country that allows you to trade in USD.