Rates are crashing and fuel to the moon!

because just a month ago I was still an O/O and still love trucking and love sharing information. Money doesn’t make me feel better than anyone, so I still come to a place I enjoy. If you don’t care for it ignore it. We’re adults.

 

That's impressive you're literally pulling in gains of thousands of percentage points. That takes some skill especially since you only started last year. I bet options were pretty tricky to learn. What resources did you use for helping to get the ropes of using options?

 

Sure. You bet. You're absolutely right.
Happy trails.

 

Okay, so basically have up to 150k dedicated to day trading with up to 50k of that actually in play and how much in the long term account? What amount should you shoot for? Also, if one method is more successful than the other then why not just focus on the winning method?

 

The best lessons I learned were from losing my hard earned money actively in the market. Nothing teaches you more than seeing your real money evaporate.

resources:
- I used YouTube to learn candles, patterns, and indicators
- google for learning market sentiment and its effects on the price.
- Reddit for misc general topics and strategies
- discord for joining trading groups
- thousands of hours of watching charts move

For options: I just watched the options chain until I had enough balls to commit to it. I ran 50% return today on a particular trade in less than 30 minutes. You can trade for 200% avg returns everyday if the market offers it and you can find it. Yesterday bought a contract for $800 and sold it for 187% profit in ten minutes. It’s insane.

imo in this day, you can become above average in anything in a year if you commit

 

didn’t the gooberment leave the talks a few months ago? And look at that they saved it just in time for Brandon to do a victory lap.

I think the rail workers got 24% pay increase and 11k bonus plus other things.

 

yes, in an ideal set up, you’d have 150k in a checking account that is stagnant. You could treat it as an emergency fund/reload fund for your day trading account. In a BROKERAGE account you’d have 20-50k available to trade daily in a cash account set up. (The more you have the less exposure you need to give to get gains) (it’s easier to make 5k off 20k vs 5k off 10k)

long term account is up to you. Whatever yearly income you’re comfortable with adjust your account to be able to offer that through dividends.


regardless of the methods success, imo it’s best to treat it as a multi layered system, where you have as many fall backs as possible. Ex: many reloads, a deep long term account that moves slow, and hard tangible asserts that can be sold quick (your gold/silver)

 

No hard feelings friend! Be safe!

 

Can you give a specific example of what you mean by if the market offers it and you can find it because I take that to mean you have an ability to identify a sure thing almost? What characteristics of an option identify it as having a great chance of being profitable? And if the line on the chart has 3 options (up, down, or stay the same) how can you predict the direction with enough accuracy to be profitable over a long time, such as a year, while each trade is less than one day in total time because when I look at a daily chart it's usually all over the place... up, down, sideways and every combination of those three things without any rhyme or reason on a daily basis?

 

He’s got Nuthin on Paul Pelosi, has a lot to learn.