night? Down to my last $13K and I'm currently doing a boot camp for trading. First night was intense but apparently this is the light work. I need a drink and a oversized booty to gaze at after that knowledge dump but not sure which to do since I only hope that the course returns the dividends fast. But playing video games also saves me a bunch of money I would spend at the club. What to do, what to do. Any thoughts?
of course it's only more confusing because I'm within walking distance of TWO clubs so its not like I have to worry about drinking and driving (though the best, third club I need transport to).
You do understand that the business model for "free" trading markets like Robinhood is that they make a lot of money by selling professional securities dealers the right to bet against you, right?
I dunno guys. I believe trading is more accessible for all of us. Not impossible for us millenials to learn and succeed at trading. just last week made a quick $600+ in trading. SO it's possible. Takes work, study and commitment I say. But who knows, I'm a younging so....I believe in you brother. Fuck the hoes for now. THey'll be waiting when you bring them 13K just to play with.
Give me half what you paid for the course. Light the other half on fire. Call it even.
You don't know what you're up against. Computers programmed by people smarter than any three of us that take advantage of any inefficiency in milliseconds. Investment banks with an army of analysts and traders with an effectively bottomless reservoir of capital. Hedge funds who are the elephants, and you are an ant.
I was part of that machine, once. You don't know how dirty it gets. Inside information everywhere. Martha Stewart only got caught because she was greedy and traded around a binary stock event. Lots of slicker people get away with it.
You are going to lose your ass trading. Smarten up, man.
TL;DR: Internet porn and hand lotion. Buy stock in JPM and Goldman Sachs.
Even beyond what Tetradon is saying....there are firms that have way more sophisticated quantitative analysis and crush the big banks on daily trading. The big banks make more in the big picture but they wish they had the speed and ability that some of the prop shops have with insanely less employees.
Buy index funds and be patient. Don't try day trading until you have north of 500k just growing from index funds and then have a separate pool of funds if you want to get speculative.
Or take up Tetradon's offer and give him half and burn the other half! I still think my first offer of just giving the strippers 13k is most efficient.
The long-term answer is to vote for politicians who will end Prohibition against drugs other than alcohol. Then Mexico will get as safe as it once was. You could then live inexpensively on the border in Texas, and go to clubs like HK, where the $ goes a long way. Without too much worry for your safety.
Tiburon, Denim is correct in the first two paragraphs of his second post. "500K that you wouldn't miss if you flushed it down" another very wealthy money guy said, is trading on your own kind of money. Estafador's encouragement along with Tetra's cautionary first post compliment one another and are also both correct. Of course do more research, the Boot Camp is selling something, seek other perspectives. If it was easy everyone would be doing it.
Day traders are as a group, about the same level of idiots, as every one who falls for Ponzi schemes. There is only one way to get rich quick, that is to successfully create your own Ponzi scheme.
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Just hand your money over to the strippers. All 13k. You can't possibly be more responsible with it if you think you are going to day trade shit.
Give me half what you paid for the course. Light the other half on fire. Call it even.
You don't know what you're up against. Computers programmed by people smarter than any three of us that take advantage of any inefficiency in milliseconds. Investment banks with an army of analysts and traders with an effectively bottomless reservoir of capital. Hedge funds who are the elephants, and you are an ant.
I was part of that machine, once. You don't know how dirty it gets. Inside information everywhere. Martha Stewart only got caught because she was greedy and traded around a binary stock event. Lots of slicker people get away with it.
You are going to lose your ass trading. Smarten up, man.
TL;DR: Internet porn and hand lotion. Buy stock in JPM and Goldman Sachs.
Buy index funds and be patient. Don't try day trading until you have north of 500k just growing from index funds and then have a separate pool of funds if you want to get speculative.
Or take up Tetradon's offer and give him half and burn the other half! I still think my first offer of just giving the strippers 13k is most efficient.
the Leisure Suit Larry series