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Put options on BTC and ETH
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Anybody wants to chat dirty? 36M here!
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Are you still buying at market dips ?
Any entry ideas later?
How are you investing your money right now?
Put options on BTC and ETH
Anybody wants to chat dirty? 36M here!
Are you still buying at market dips ?
Any entry ideas later?
How are you investing your money right now?
Signs of a top? Random people want to become traders in the midst of the strongest bull market in history
Rising Star
A career in trading and a career as a day trader are very different. But I think you are talking about day trading. It is not something where you can do nice concise projects that start and end and have KPIs that you can work around and meet. No, day trading is a cruel mistress who doesn’t care how neat your formulas are or your advanced your excel macros are.
The best analogy I can describe is a professional poker player. And I’m not talking WSOP winner, I mean your average joe poker player, which is more in line with what you’re saying about how oh you can just day trade at home casually. You spend 12hrs a day grinding hands at the table to put out a modest $10k/ month. It’s not flashy and glorious. Its tedious, sometimes boring, yet all consuming. Life is too short to resign yourself to something like that. It’s not easy money, the odds are stacked against you, and the house always takes its cut (and wins). Do me a favor and try it out so an HFT algorithm, maybe mine, can make a couple cents per share off your execution. Or do yourself a favor and find another backup plan.
I was just quoting OP. No need to come @ me Tim Ryan.
I mean you could lose money also...
If it was as easy as you describe, more people would do it.
Bowl Leader
I too read OPs post as if "not doing so well" meant earning less than their current salary. Not doing so well would also easily mean losing money.
Most professional traders I know don’t stay at it long term - and that’s if they work for a company or themselves.
Either they make a lot of money and choose to stop doing it. Or they lose a lot money and are forced to stop doing it.
The last 5 months have been E-A-S-E-Y. There’s a shakeout coming. See how you feel after that.
100% I think about this every day but 1. Don’t think I can stomach other people’s money 2. Don’t think I’ll be short selling much of my own money 3. Feel I can trade semi actively while also holding a more secure, well-paying job that I can live off of so all my invested cash just continues to grow until I retire
Trading is easy in a bull market. It’s hard in a bear market.