The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Know anyone that tried "Day Trading" and failed spectacularly?
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| Concupiscible Chestnut Boiling Water | 01/01/21 |
| bateful degenerate | 01/01/21 |
| orange godawful half-breed | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| black hall volcanic crater | 01/01/21 |
| orange godawful half-breed | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| navy bisexual locale | 01/01/21 |
| bateful degenerate | 01/01/21 |
| ivory histrionic giraffe | 01/01/21 |
| contagious stead | 01/01/21 |
| navy bisexual locale | 01/01/21 |
| Bonkers abnormal jew | 01/01/21 |
| ivory histrionic giraffe | 01/01/21 |
| Bright corn cake gas station | 01/01/21 |
| hairless beady-eyed generalized bond | 01/02/21 |
| Sexy Tattoo | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| Sexy Tattoo | 01/01/21 |
| navy bisexual locale | 01/01/21 |
| Adventurous Pearly Knife Skinny Woman | 01/01/21 |
| navy bisexual locale | 01/01/21 |
| ivory histrionic giraffe | 01/01/21 |
| Adventurous Pearly Knife Skinny Woman | 01/01/21 |
| navy bisexual locale | 01/02/21 |
| Adventurous Pearly Knife Skinny Woman | 01/01/21 |
| navy bisexual locale | 01/02/21 |
| Adventurous Pearly Knife Skinny Woman | 01/02/21 |
| know-it-all theater dingle berry | 01/01/21 |
| avocado passionate partner keepsake machete | 01/01/21 |
| Sexy Tattoo | 01/01/21 |
| Fragrant hissy fit dragon | 01/01/21 |
| Sexy Tattoo | 01/01/21 |
| avocado passionate partner keepsake machete | 01/01/21 |
| Sexy Tattoo | 01/01/21 |
| avocado passionate partner keepsake machete | 01/01/21 |
| chest-beating round eye | 01/01/21 |
| Arousing Ultramarine Hospital Weed Whacker | 01/02/21 |
| poppy messiness | 01/01/21 |
| know-it-all theater dingle berry | 01/01/21 |
| Crystalline Exciting Abode Circlehead | 01/02/21 |
| avocado passionate partner keepsake machete | 01/01/21 |
| Confused mentally impaired stock car psychic | 01/02/21 |
| Domesticated Razzmatazz National | 01/01/21 |
| bateful degenerate | 01/01/21 |
| Aggressive judgmental heaven | 01/01/21 |
| hairraiser haunting coffee pot | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| Aggressive judgmental heaven | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| Aggressive judgmental heaven | 01/01/21 |
| hairraiser haunting coffee pot | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| seedy genital piercing | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| Sexy Tattoo | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| Flirting talking queen of the night | 01/01/21 |
| Olive spectacular dog poop | 01/01/21 |
| hairraiser haunting coffee pot | 01/01/21 |
| Olive spectacular dog poop | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| smoky disturbing pisswyrm stage | 01/01/21 |
| hairraiser haunting coffee pot | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| cracking water buffalo | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| cracking water buffalo | 01/01/21 |
| Nighttime Dilemma Becky | 01/01/21 |
| Puce Den | 01/01/21 |
| navy bisexual locale | 01/01/21 |
| avocado passionate partner keepsake machete | 01/01/21 |
| kink-friendly obsidian tanning salon shitlib | 01/01/21 |
| Crystalline Exciting Abode Circlehead | 01/02/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| black hall volcanic crater | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| navy bisexual locale | 01/01/21 |
| Electric business firm laser beams | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| Bat shit crazy flushed lodge | 01/02/21 |
| curious university | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| Wonderful roast beef | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| Garnet Abusive Whorehouse Ceo | 01/01/21 |
| Flirting talking queen of the night | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| Flirting talking queen of the night | 01/01/21 |
| Arousing Ultramarine Hospital Weed Whacker | 01/02/21 |
| gold doctorate home | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| talented stag film | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| talented stag film | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| talented stag film | 01/01/21 |
| Mahogany Aphrodisiac Range Faggot Firefighter | 01/01/21 |
| Nighttime Dilemma Becky | 01/01/21 |
| Adventurous Pearly Knife Skinny Woman | 01/01/21 |
| Unhinged shrine | 01/01/21 |
| Disgusting hyperventilating lay karate | 01/01/21 |
| Excitant Mauve Parlor | 01/02/21 |
| hilarious angry son of senegal | 01/02/21 |
| Amethyst autistic ratface multi-billionaire | 01/02/21 |
| Self-absorbed snowy church fortuitous meteor | 01/02/21 |
| Self-absorbed snowy church fortuitous meteor | 01/02/21 |
| Lake Double Fault | 01/02/21 |
| Olive spectacular dog poop | 01/02/21 |
| yapping jewess | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| frisky cruise ship | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| Flirting talking queen of the night | 01/01/21 |
| Adventurous Pearly Knife Skinny Woman | 01/01/21 |
| blathering laughsome indian lodge | 01/01/21 |
| Flirting talking queen of the night | 01/01/21 |
| blathering laughsome indian lodge | 01/01/21 |
| Flirting talking queen of the night | 01/01/21 |
| Mahogany Aphrodisiac Range Faggot Firefighter | 01/01/21 |
| Self-absorbed snowy church fortuitous meteor | 01/01/21 |
| Bull headed principal's office digit ratio | 01/01/21 |
| Adventurous Pearly Knife Skinny Woman | 01/01/21 |
| shimmering legend set | 01/01/21 |
| know-it-all theater dingle berry | 01/01/21 |
| Diverse big-titted azn | 01/01/21 |
| Adventurous Pearly Knife Skinny Woman | 01/01/21 |
| Domesticated Razzmatazz National | 01/01/21 |
| Excitant Mauve Parlor | 01/01/21 |
| Impertinent thriller mother | 01/01/21 |
| vengeful stirring office | 01/01/21 |
| Mahogany Aphrodisiac Range Faggot Firefighter | 01/01/21 |
| shimmering legend set | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| shimmering legend set | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/02/21 |
| bat-shit-crazy church building selfie | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| kink-friendly obsidian tanning salon shitlib | 01/01/21 |
| talented stag film | 01/01/21 |
| Excitant Mauve Parlor | 01/01/21 |
| talented stag film | 01/01/21 |
| Excitant Mauve Parlor | 01/01/21 |
| know-it-all theater dingle berry | 01/01/21 |
| poppy messiness | 01/01/21 |
| submissive provocative factory reset button philosopher-king | 01/01/21 |
| poppy messiness | 01/01/21 |
| Doobsian rose state boistinker | 01/01/21 |
| Excitant Mauve Parlor | 01/02/21 |
| Doobsian rose state boistinker | 01/02/21 |
| Excitant Mauve Parlor | 01/02/21 |
| floppy underhanded base gaming laptop | 01/02/21 |
| Aggressive judgmental heaven | 01/02/21 |
| Excitant Mauve Parlor | 01/02/21 |
| submissive provocative factory reset button philosopher-king | 01/02/21 |
Poast new message in this thread
Date: January 1st, 2021 3:45 PM Author: submissive provocative factory reset button philosopher-king (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657557) |
Date: January 1st, 2021 3:46 PM Author: Concupiscible Chestnut Boiling Water he who knows himself knows a failed day trader (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657561) |
 |
Date: January 1st, 2021 5:58 PM Author: bateful degenerate (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658425) |
|
Date: January 1st, 2021 3:47 PM Author: orange godawful half-breed Basically impossible to fail just buy low sell high (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657567) |
|
Date: January 1st, 2021 3:48 PM Author: submissive provocative factory reset button philosopher-king this is amazing advice (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657576) |
|
Date: January 1st, 2021 3:49 PM Author: black hall volcanic crater (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657582) |
|
Date: January 1st, 2021 3:57 PM Author: orange godawful half-breed If you want to get advanced, you can short by selling high and buying back low. This also always works. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657633) |
|
Date: January 1st, 2021 5:10 PM Author: Self-absorbed snowy church fortuitous meteor One weird trick. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658070) |
|
Date: January 1st, 2021 5:12 PM Author: navy bisexual locale Blank this poast before XO's secret formula is stolen (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658081) |
|
Date: January 1st, 2021 5:58 PM Author: bateful degenerate (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658427) |
|
Date: January 1st, 2021 3:48 PM Author: ivory histrionic giraffe Yes.
Fed attorney --> day trading --> broke --> doc review |
|
Date: January 1st, 2021 3:49 PM Author: contagious stead --> port authority bus terminal (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657584) |
|
Date: January 1st, 2021 4:22 PM Author: navy bisexual locale (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657773) |
|
Date: January 1st, 2021 5:27 PM Author: Bonkers abnormal jew He left his job to day trade? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658183) |
|
Date: January 1st, 2021 6:34 PM Author: ivory histrionic giraffe yeah (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658595) |
|
Date: January 1st, 2021 8:03 PM Author: Bright corn cake gas station 192192019201939204323 (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659076) |
|
Date: January 2nd, 2021 10:23 AM Author: hairless beady-eyed generalized bond (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661350) |
|
Date: January 1st, 2021 3:48 PM Author: Sexy Tattoo that's like 99% of day traders (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657570) |
|
Date: January 1st, 2021 3:49 PM Author: submissive provocative factory reset button philosopher-king how does this happen? are they constantly betting the farm? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657581) |
|
Date: January 1st, 2021 3:56 PM Author: Sexy Tattoo a large fraction, yes. if you make all-in bets all the time, you eventually go bust.
the other cause is day traders get slowly killed by commissions, spreads, and other transaction costs. if you're constantly turning over your portfolio and have no edge you bleed to death. |
|
Date: January 1st, 2021 4:22 PM Author: navy bisexual locale TITCR but one other point: Most day traders probably can be profitable (although not as profitable as if they just did index funds). But that's not nearly enough, the premise is they have to be profitable enough to also pay their expenses. Much like pokerfags who are impressed by themselves because they can pull $500 a day off drunk tourists in Vegas, day traders quickly find that when they're up big they break even, when they're down they're eating their bankroll.
|
|
Date: January 1st, 2021 5:52 PM Author: Adventurous Pearly Knife Skinny Woman what's wrong w pulling $500/day off drunk tourists in vegas? you can make a living that way (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658377) |
|
Date: January 1st, 2021 6:05 PM Author: navy bisexual locale Nothing is wrong with it, so long as you also have the bankroll management skills to handle the downswings-- $500 is an average, not a guarantee, and you might go months losing money. Most of the guys who can actually pull this off have shit bankroll management skills and spend too much on their profitable months, fucking themselves over on the inevitable dry spells. And most of the guys who could do the bankroll management part aren't actually any good at poker. There really are very few people who can do this for years on end. And that was before the pandemic, a few poker rooms have already closed permanently and who knows if poker will every really come back. It's been in steep decline for over a decade, those drunk tourists may stop playing at any time. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658463) |
|
Date: January 1st, 2021 6:46 PM Author: ivory histrionic giraffe yep. so many of the guys made famous on tv, and a solid percentage of current casino grinder "pros" have never even heard of "risk of ruin".
and nobody ever wants to drop down in stakes, and even if they would, if you're playing lower stakes to begin with, there isn't very far to go before you hit the bottom or can't make enough to live and build back.
From what I've heard, and backed up by the ribbing from Doyle, David Benyamine has his whole roll on the table and is possibly getting extra backing from Patrik Antonius in this first hand. Insane. https://www.youtube.com/watch?v=Do-PwfFX-qs
|
|
Date: January 1st, 2021 9:03 PM Author: Adventurous Pearly Knife Skinny Woman This is insane, but doesn't surprise me -- most of the top guys seem like total degenerates (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659376) |
|
Date: January 2nd, 2021 11:34 AM Author: navy bisexual locale CR. And we're even really only getting started on the problems here. Poker (or even day trading) may be a fun hobby if you indulge whenever the whim strikes. Even if you can turn it into a job, you may find it's less fun when it's obligatory so you can eat, whether you feel like it or not. Hope you didn't give up your bigfed WFH job for a shittier one LJL (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661611) |
|
Date: January 1st, 2021 9:02 PM Author: Adventurous Pearly Knife Skinny Woman that all makes sense, ty. as a winning amateur player, I totally get how hard it is to keep your composure given the swings of the game. and ya, online seems like it would be full of cheating/collusion, and irl who knows if it'll heat up again. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659365) |
|
Date: January 2nd, 2021 11:36 AM Author: navy bisexual locale Rush Poker/Zone Poker is TCR if online ever becomes easily legal in the US. Can't collude if there's a pool of ten unnamed players that changes each hand. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661621) |
|
Date: January 2nd, 2021 1:11 PM Author: Adventurous Pearly Knife Skinny Woman oh ty! never heard of this (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661946) |
|
Date: January 1st, 2021 8:44 PM Author: know-it-all theater dingle berry daytraders tend to bet on pennystocks and you can lose your shirt quickly that way (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659263) |
|
Date: January 1st, 2021 4:42 PM Author: avocado passionate partner keepsake machete What online brokers still have fees? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657870) |
|
Date: January 1st, 2021 5:18 PM Author: Sexy Tattoo all of them. there's no such thing as free trading. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658116) |
|
Date: January 1st, 2021 7:23 PM Author: Fragrant hissy fit dragon Robinhood has no fees (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658870) |
|
Date: January 1st, 2021 7:25 PM Author: Sexy Tattoo robinhood makes its money selling order flow to market makers. you get gaped by worse execution, particularly in options. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658881) |
|
Date: January 1st, 2021 7:31 PM Author: avocado passionate partner keepsake machete Selling regular stock has no fees. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658908) |
|
Date: January 1st, 2021 7:32 PM Author: Sexy Tattoo you're still paying in terms of bid-ask spread, worse execution if your order flow was sold to a market maker, etc. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658915) |
|
Date: January 1st, 2021 7:33 PM Author: avocado passionate partner keepsake machete Meh every market order I’ve put in has executed at the current price. Only one bullshit I sold half of the sale was .03 less than the current price. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658926) |
|
Date: January 1st, 2021 8:51 PM Author: chest-beating round eye lol @ the idea you know what the "current price" is (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659287) |
|
Date: January 2nd, 2021 11:00 AM Author: Arousing Ultramarine Hospital Weed Whacker Adding some extra lolz here (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661495) |
|
Date: January 1st, 2021 8:26 PM Author: poppy messiness Who the fuck uses market orders for anything? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659180) |
|
Date: January 1st, 2021 8:45 PM Author: know-it-all theater dingle berry Chads. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659267) |
|
Date: January 2nd, 2021 9:58 AM Author: Crystalline Exciting Abode Circlehead What if I don't want to wait to buy my stock? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661267) |
|
Date: January 1st, 2021 7:31 PM Author: avocado passionate partner keepsake machete Chase has $0 fees. What the fuck? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658907) |
|
Date: January 2nd, 2021 5:50 PM Author: Confused mentally impaired stock car psychic Fidelity (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41663221) |
|
Date: January 1st, 2021 5:57 PM Author: Domesticated Razzmatazz National this (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658417) |
|
Date: January 1st, 2021 5:59 PM Author: bateful degenerate (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658428) |
|
Date: January 1st, 2021 3:49 PM Author: Aggressive judgmental heaven benzo. He’s retarded though so it’s not a surprise he failed horribly. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657580) |
|
Date: January 1st, 2021 3:54 PM Author: hairraiser haunting coffee pot inverse (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657613) |
|
Date: January 1st, 2021 4:54 PM Author: Self-absorbed snowy church fortuitous meteor I thought he made a lot of money on options - or is this some other poster? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657956) |
|
Date: January 1st, 2021 4:55 PM Author: Aggressive judgmental heaven it's a lot of other posters, myself included. Benzo is a white trash retard that lost everything almost instantly. The saddest part is that he actually thought he wouldn't fail horribly. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657968) |
|
Date: January 1st, 2021 5:02 PM Author: Self-absorbed snowy church fortuitous meteor The options market is a punishing place. The only thing worse is currency. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658011) |
|
Date: January 1st, 2021 5:11 PM Author: Aggressive judgmental heaven certainly no place for a craterfaced white trash idiot with a 75 IQ like benzo. Totally predictable he'd lose all of his $ almost instantly since he's an incredibly stupid white trash loser who has always failed at everything. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658074) |
|
Date: January 1st, 2021 5:19 PM Author: hairraiser haunting coffee pot rsf keeps saying i lost my shirt without having any evidence other than one suggestion from an article passed along about xle puts 10 months ago when i first started to read about options. rsf is very stupid (got put back on allowance by his dad after buying eth at its all time high lmao) and doesn't understand how to do anything except buy a call when he has a gut feeling about a directional move of the underlying asset. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658122) |
|
Date: January 1st, 2021 3:52 PM Author: Self-absorbed snowy church fortuitous meteor Many, MANY people in my time man.
Thankfully most of them in my personal life learned their lesson early and didn't lose huge amounts of money - but a few really fucked their lives up.
However over the years I have seen some truly depressing things online.
I remember one time I found a blog of some guy who was posting about how he started currency trading with all of his savings because he just had a daughter and wanted to give her a better life - the blog posts grew increasingly despondent and depressing as he got eaten alive. I couldn't even read them after a while.
Then another one that shook me up was that company that was going to make sapphire glass for Apple a maybe five or so years ago which was a huge cult stock and had forums full of people blogging about it.
The sack of shit CEO scheduled a "Big Announcement" on a Friday for Monday and that caused a bunch of traders to take a huge speculative position in the company before the Friday close hoping for an acquisition or other hugely positive catalyst - but it turned out to be a bankruptcy announcement.
One forum post was how a mom had a disabled kid and put all of her money into it to give him a better life and the care he needed - practically lost it all. Fucking hearbreaking. |
|
Date: January 1st, 2021 3:55 PM Author: submissive provocative factory reset button philosopher-king awful. and scumbag move by ceo (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657617) |
|
Date: January 1st, 2021 4:01 PM Author: seedy genital piercing Also really bad irresponsible choice by mom (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657656) |
|
Date: January 1st, 2021 4:06 PM Author: Self-absorbed snowy church fortuitous meteor Ya, I know.
I learned really early to never "bet the farm" - because I "bet the farm" and lost, but when I had that event happen to me I was a kid and lost nothing in practical terms. |
|
Date: January 1st, 2021 4:02 PM Author: Sexy Tattoo damn, i forgot about GT Advanced. crazy story. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657660) |
|
Date: January 1st, 2021 4:06 PM Author: Self-absorbed snowy church fortuitous meteor Ya.
We may see something like that in really popular meme stocks again in the near future. |
|
Date: January 1st, 2021 5:28 PM Author: Flirting talking queen of the night GME? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658190) |
|
Date: January 1st, 2021 3:59 PM Author: Olive spectacular dog poop Made a bunch but got tired of abusing adderall and made enough money to stop (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657644) |
|
Date: January 1st, 2021 4:16 PM Author: hairraiser haunting coffee pot suddenly having an adderall rx in 7 states is "abuse" (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657747) |
|
Date: January 1st, 2021 4:18 PM Author: Olive spectacular dog poop (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657752) |
|
Date: January 1st, 2021 4:51 PM Author: Self-absorbed snowy church fortuitous meteor That stuff can take a big toll. The stress can seriously erode health.
I'd wager that most daytraders eventually have it as a goal to become long term investors - but need to hustle up the capital for it first. |
|
Date: January 1st, 2021 4:08 PM Author: smoky disturbing pisswyrm stage fucklaw did this (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657708) |
|
Date: January 1st, 2021 4:17 PM Author: hairraiser haunting coffee pot (cultural marxism he lisped and would starve to death without actual marxism) (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657749) |
|
Date: January 1st, 2021 5:11 PM Author: Self-absorbed snowy church fortuitous meteor I wonder what happened to him. I miss him. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658072) |
|
Date: January 1st, 2021 8:55 PM Author: cracking water buffalo Remember when he bragged about how he would grow rich, retire, and sell his method to a hedge fund? LMAO. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659306) |
|
Date: January 1st, 2021 8:56 PM Author: submissive provocative factory reset button philosopher-king does he still poast? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659318) |
|
Date: January 1st, 2021 9:29 PM Author: cracking water buffalo I don't think so. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659566) |
|
Date: January 1st, 2021 4:09 PM Author: Nighttime Dilemma Becky theyre all total fucking idiot losers (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657712) |
|
Date: January 1st, 2021 4:27 PM Author: Puce Den What the hell is "daytrading" even and why would anyone think it's a good idea. If someone literally wanted to "daytrade," why wouldn't they just do it with a small amount for a LONG time to prove that they somehow have a "system" worth betting larger sums? |
|
Date: January 1st, 2021 4:41 PM Author: navy bisexual locale Yep, LJL @ these guys. Just make a logbook of "trades" and, tell you what, just to keep the bookkeeping simple ignore commissions/taxes. Do this for a year. Did you beat vanguard? Probably not... (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657861) |
|
Date: January 1st, 2021 4:43 PM Author: avocado passionate partner keepsake machete I made one day trade and it was the biggest mistake of my life. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657876) |
|
Date: January 1st, 2021 5:16 PM Author: kink-friendly obsidian tanning salon shitlib (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658106) |
|
Date: January 2nd, 2021 10:11 AM Author: Crystalline Exciting Abode Circlehead (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661313) |
|
Date: January 1st, 2021 4:43 PM Author: Self-absorbed snowy church fortuitous meteor I also once saw a proprietary trader I worked with go on tilt and lose his mind and a couple million of his and the banks money along the way over the course of maybe three to six months. Seeing the slow motion psychological breakdown happen in real time was pretty crazy. It was a strong lesson that I learned when I actually started working in organized Finance and taught me things that I couldn't get from a classroom or a textbook. It's like seeing the real time and then aftermath of a train wreck or a car crash as opposed to hearing about one on the news. In both cases you know what happened, but you really have to see it to understand all the dimensions of the carnage.
The trader in question was a guy who was basically used to winning his whole life: a high level athlete with a nice family, high paying jobs in finance on the sellside his whole working life, super successful with many hot women and had like an MBA or CFA or something (can't really remember - some letters, definitely not a PHD though) - but in the end the stock market, Mr. Market, destroyed him.
I worked with him in the same office, but since I was the most junior guy on the team - I would get hazed and he would shit talk me constantly. Even worse, I have that damn Value Investing disease where if I know I'm right about something I don't give a fuck about what anyone else thinks - it just doesn't bother me. The confidence I had in my ideas deeply disturbed him. He'd keep trying to poke holes in my ideas and I'd be so autistically oblivious that I thought me explaining the most granular details of why he was wrong would magically cause him to cease shit talking my names (I took it personally, which was stupid and a sign of my own youthful inexperience) when I realized he just hated me because I made him look bad and I was right when he was wrong - no rationality there, just typical bully bullshit.
In time I realized that he literally knew jack shit about how the market actually works despite all his sellside activities over the years, and for that I began to pity him, as I knew what was likely to eventually happen. All those conferences and lunches scheduled, those pointless meetings with management teams, those research reports composed of diatribe and doggerel that meant nothing in the face of long term investing fundamentals; and he was slowly, for the first time, in the process of realizing it. All of his connections, his work experience, his credentials - they didn't mean shit and weren't the least bit transferable to this game.
I could see that the deck was heavily stacked against him before he even started to play his hand. All the things that made this man successful in his life, that he had grown to rely upon, to take solace in, were working against him. His arrogance, his foolhardy confidence, his sports acumen - it was all worth nothing in the face of the market. It even worked against him - his team sports and his frat house shit - all that those institutions are designed to do is to encourage teamwork, which is basically herd following and compliance at the expense of the independent thinking and distant insight that you truly need to survive.
Even though I didn't have the background or credentials he did, or that coveted "work experience" - I literally grew up on the stock market and had to learn to survive, lesson by lesson, until I became a professional. No theory, all practice. The market teaches lessons and you get your grades back quickly: if your right, you make money - if you lose, you lose money. It's that simple.
He hated me for being a walk on. I never really had much against him personally - as I was used to getting treated like shit by bullies because of my time in school (and had not yet realized that they're just cowards). The only thing I resented was that I would ask him about companies in his industry sector that he specialized in and make the mistake of thinking he had any real knowledge on the subject, or worse, having to deal with him shit talking my trades constantly.
In retrospect, that cost me probably close to a quarter to half a million dollars (however I can't complain too much because I did make at least one or two good investments during that period - you get what you get) - but he fucked with my money in a major way and for that, I hated him.
The losing itself happened over probably a six month period and ramped up towards the end. During that time I would notice personality changes in this guy that were gradual, yet detectable to someone who didn't have anything better to do.
Since he had a lot of short positions open in winning stocks, he had to deal with the psychological stress of being wrong every single day and had to see his mistakes magnifying in magnitude right in front of him, all the while this asshole has to pay the vig to his own bank for shorting the stock.
This is why I typically don't short sell stocks or play options - I can deal with being wrong, but I hate to be wrong when a timeline is involved - it causes anticipation for events that never come and magnifies the response of the limbic system which will erode the capacity of a trader to make cold and calculating decisions over time - causing him to go on tilt if he has a cold period, which inevitably happens to all of us who spend enough time on the market.
First it was the booze. Always a drinker, the more he lost on the market the more he hit the bottle. I could tell because this guy would have those foul reeking red wine shits in the bathroom before the market open and would come in visibly hungover more frequently. I don't care what people say - you can't make your best decisions if you abuse alcohol heavily - it fucks with you sleep and your brain chemicals. You need both on the market.
I could detect subtle personality changes that were becoming more evident in other areas. An adrenaline junkie, he began to ride his motorcycle in versus his sports car, stopped shaving regularly, moved to a different neighborhood (to a bigger house, no less) and eventually started going to more and more industry events and conferences - all on the companies dime of course. I think that he just hated to be in the office towards the end, because it was obvious that he was losing his motherfucking ass and his brash confidence and shit talking worked against him when the chickens finally came home to roost.
By then I knew exactly what was going to happen sooner or later. If there is one thing the bosses hate more than their prop traders or fund managers that they have an equity investment with losing money - it's having to foot the bill for their generous salaries and expense accounts while they keep on losing year in and year out.
The amount of money the bank wasted on this guy was truly appalling in my mind: a big salary, full benefits, travel budget, expense account, the whole package. For fucking nothing but losses! This stung especially hard since I was a junior making very little and just because this guy knocked some bimbo up and had kids he got paid well while he lost his ass in the midst of me finding gems that went ignored by the bosses.
One day, maybe Tuesday or Wednesday after the guy came back from an industry conference in Vegas (read: horse shit money wasting for his drunk ass), HIS boss (the guy who hired me) got a call from HIS boss right before the market Open. This is rare.
He comes back half an hour later, tells the losing trader to come with him into a conference room and told him that he was fired, done, whacked out. That was it. No two weeks, nothing. They closed out his positions and liquidated his account by Friday. He came by a little later to pick up a box of all his shit and move onto the next scam, which was another random sellside job he got through his connections.
Even though it was entertaining on some level, I didn't lose the lessons from having to work with this guy: Don't give a fuck about what people say on the market, don't tell people what you are investing in unless you are prepared to have your opinions influenced by them flapping their gums, don't drink and expect to make rational decisions or do well, don't short, don't make it a competition or do anything to "prove a point" in the market - and don't abuse the fucking expense account - especially when your losing your ass. |
|
Date: January 1st, 2021 4:50 PM Author: black hall volcanic crater is this reddit fan fiction or a true story (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657927) |
|
Date: January 1st, 2021 4:52 PM Author: Self-absorbed snowy church fortuitous meteor True story - I saw it happen in front of me. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657938) |
|
Date: January 1st, 2021 4:59 PM Author: navy bisexual locale (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41657992) |
|
Date: January 1st, 2021 5:23 PM Author: Electric business firm laser beams Very good writing. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658149) |
|
Date: January 1st, 2021 5:37 PM Author: Self-absorbed snowy church fortuitous meteor ty brother. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658268) |
|
Date: January 2nd, 2021 4:11 PM Author: Bat shit crazy flushed lodge "diatribe and doggerel" (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41662783) |
|
Date: January 1st, 2021 5:25 PM Author: curious university This is better than Boiler Room. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658161) |
|
Date: January 1st, 2021 7:58 PM Author: submissive provocative factory reset button philosopher-king (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659058) |
|
Date: January 1st, 2021 8:28 PM Author: Wonderful roast beef (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659188) |
|
Date: January 1st, 2021 8:49 PM Author: Self-absorbed snowy church fortuitous meteor ty brother (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659275) |
|
Date: January 1st, 2021 9:14 PM Author: Garnet Abusive Whorehouse Ceo (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659449) |
|
Date: January 1st, 2021 5:33 PM Author: Flirting talking queen of the night 180 poast. i wish you would resume your series of stories about your friends growing up. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658226) |
|
Date: January 1st, 2021 5:35 PM Author: Self-absorbed snowy church fortuitous meteor Damn that's from way back! Like nearly 10 years ago I think. I know some crazy characters for sure. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658246) |
|
Date: January 1st, 2021 5:38 PM Author: Flirting talking queen of the night they were 180 crazy stories
damn, 10 years? i guess now that you mention it, i've been here almost 14 years. holy shit. |
|
Date: January 2nd, 2021 11:10 AM Author: Arousing Ultramarine Hospital Weed Whacker Cr (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661524) |
|
Date: January 1st, 2021 5:54 PM Author: gold doctorate home (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658397) |
|
Date: January 1st, 2021 7:59 PM Author: submissive provocative factory reset button philosopher-king can this be stickied? beautiful writing and 180 learning experience. Much of Wall St seems like such a fraud and smoke and mirrors (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659061) |
|
Date: January 1st, 2021 8:09 PM Author: talented stag film 180 story friend
why did this guy ever bother to even try the buyside? |
|
Date: January 1st, 2021 8:21 PM Author: Self-absorbed snowy church fortuitous meteor I think part of it was the fact that after 2008 a lot of sellside jobs went away, or were in the process of being whittled down. A lot of sellside guys tried to make the jump to buyside because they thought they had transferable skillsets - only to figure out before too long that they were stuck playing catch up, which isn't where you want to be in a high stakes environment. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659147) |
|
Date: January 1st, 2021 8:23 PM Author: talented stag film but he seems like the perfect sell sider. can shoot the shit, played sports, etc (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659158) |
|
Date: January 1st, 2021 8:28 PM Author: Self-absorbed snowy church fortuitous meteor He was - he went right back after he busted out.
I think a lot of sellside people want to end up on the buyside and he somehow got his shot - only to get housed. |
|
Date: January 1st, 2021 8:43 PM Author: talented stag film makes sense
its only getting worse sellside and buyside more and more different by the day |
|
Date: January 1st, 2021 8:47 PM Author: Mahogany Aphrodisiac Range Faggot Firefighter Tyft (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659272) |
|
Date: January 1st, 2021 8:52 PM Author: Nighttime Dilemma Becky ty for poasting (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659294) |
|
Date: January 1st, 2021 9:17 PM Author: Adventurous Pearly Knife Skinny Woman enjoyed this, ty. would read more that you have to say on the topic of investing (value or otherwise) if there is an easy way for u to link (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659479) |
|
Date: January 1st, 2021 9:33 PM Author: Unhinged shrine (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659584) |
|
Date: January 1st, 2021 10:32 PM Author: Disgusting hyperventilating lay karate (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659937) |
|
Date: January 2nd, 2021 12:13 PM Author: Excitant Mauve Parlor Does it mean that you are a millionaire trader as opposed to him? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661747) |
|
Date: January 2nd, 2021 3:04 PM Author: hilarious angry son of senegal "even though it was entertaining on some level...."
He was living rent-free in your head it sounds like. Was this your first time experiencing bullying in a professional setting? |
|
Date: January 2nd, 2021 3:53 PM Author: Amethyst autistic ratface multi-billionaire So much so he penned a 1000 word screed about him years after the fact. At the end of it, the guy landed on his feet anyway. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41662657) |
|
Date: January 2nd, 2021 4:55 PM Author: Self-absorbed snowy church fortuitous meteor There was a lesson in it. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41662991) |
|
Date: January 2nd, 2021 4:55 PM Author: Self-absorbed snowy church fortuitous meteor It was the first time I saw something like that happen IRL - it was just interesting to me. How the market can break someone.
I experienced a bit of bullying before - but ended up getting revenge on that guy pretty bad. Then after this happened I started working for myself a little while later.
I was always a loner by nature - you kind of have to be on the market.
I talked a good bit of shit back to him that got his goat as well and probably contributed to him going on tilt - apparently my boss (his boss too) said that he was close to fighting me as well - this I don’t believe as much.
|
|
Date: January 2nd, 2021 5:07 PM Author: Lake Double Fault (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41663031) |
|
Date: January 2nd, 2021 10:34 PM Author: Olive spectacular dog poop (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41664919) |
|
Date: January 1st, 2021 5:17 PM Author: yapping jewess When i was in college one summer i put all my savings in forex, like 5 grand, i was making like 200 bucks a day and then lost it all in one day cause i got margin pwned. Worked my way back up and ended up making it all back plus $11 then closed my account (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658110) |
|
Date: January 1st, 2021 5:23 PM Author: Self-absorbed snowy church fortuitous meteor I had something similar happen as well a few times. Getting back to even and leaving with the lesson and being grateful for that is a great feeling.. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658152) |
|
Date: January 1st, 2021 5:35 PM Author: frisky cruise ship Sup.
I tried it. Didn't fail spectacularly but got eaten alive by commissions and the strategy I was working on could never be perfected. On the bright side I was in my 20s still and landed a stable job after. I saw a lot of depressing stories of other traders in my office though. I learned a lot about coding, risk management and chart reading too.
I have tons of opinions on investing now. If I had to sum it up, it would be stay humble, nothing is absolute, markets change, don't quit your day job until you have enough cash to live off 5% interest. Oh, and I'm starting to suspect real estate investing is better for tax purposes. |
|
Date: January 1st, 2021 5:37 PM Author: Self-absorbed snowy church fortuitous meteor What I didn't understand about real estate investing is the write off potential that is involved when it comes to long term tax management.
|
|
Date: January 1st, 2021 5:43 PM Author: Flirting talking queen of the night depreciation / cost segregation, 1031, and valuation discounts are all huge. once people hit a certain level of wealth, tax management is more important than investing returns. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658310) |
|
Date: January 1st, 2021 5:53 PM Author: Adventurous Pearly Knife Skinny Woman could you elaborate? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658385) |
|
Date: January 1st, 2021 6:01 PM Author: blathering laughsome indian lodge you get to depreciate an asset that may or may not be depreciating (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658442) |
|
Date: January 1st, 2021 6:04 PM Author: Flirting talking queen of the night you can also accelerate the depreciation with cost segregation
you can sell the asset and go into a new asset without recognizing any gain (1031) |
|
Date: January 1st, 2021 6:30 PM Author: blathering laughsome indian lodge can you explain the first point? i don't feel like looking it up. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658575) |
|
Date: January 1st, 2021 7:28 PM Author: Flirting talking queen of the night What is Cost Segregation? Cost Segregation is a tax strategy that allows real estate owners to utilize accelerated depreciation deductions to increase cash flow, and reduce the federal and state income taxes they pay on their rental income.
This is done by breaking down and reclassifying certain interior and exterior components of a building, which are typically depreciated over 39 or 27.5 years for commercial and residential properties, respectfully, to personal property or land improvements that are depreciated over 5, 7, or 15 years.
This is all handled in what is known as a cost segregation study. These studies are often conducted by a team of qualified engineers and/or CPAs.
Benefits of Cost Segregation As mentioned above, cost segregation can reduce taxes, and greatly increase the cash flow of a property, especially in its early years of operation.
Thanks to the Tax Cuts and Jobs Act, used personal property placed into service after 9/27/17 is eligible for 100% bonus depreciation. That means real estate investors can deduct 100% of 5, 7, and 15 year property all in the first year.
This is what makes cost segregation so powerful and can lead to significant tax savings!
Of course, the building itself will have to still be depreciated over 27.5 or 39 years, and land remains undepreciable.
Example: Scenario A
Jane Doe, who is in the 24% tax bracket, buys a 24 unit apartment building for $1,000,000, places it into service in 2018, and does not utilize a cost segregation study.
Her CPA determines the following:
The building is then depreciated over 27.5 years, allowing her to take $29,090.91 as an annual depreciation expense.
Her income and expenses were as follows:
Jane will have to pay taxes on the $90,909.09 received from the property. However, the depreciation expense reduced her tax liability by $6,981.82, and since depreciation is a noncash expense, Jane will still have the $29,090.91 in cash.
Pretty cool right?... Just wait it gets better.
Scenario B
Now, let’s say Jane decided to have a cost segregation study performed on her property.
The study finds that the value of the property is broken down as follows:
Thanks to the Tax Cuts and Jobs Act, Jane can take 100% bonus depreciation on the 5-year property, and land improvements in the first year.
The building is still depreciated over 27.5 years, allowing for an annual depreciation deduction of $13,090.
This gives her a total depreciation deduction in year one of $453,090.
Let’s take a look at how this affects her income this time around:
As you can see, Jane will show a net loss of $333,090 in year one. That means she will not have to pay any federal or state taxes on the $120,000 of net income. That’s $28,800 ($120,000 x 24%) in tax savings!
Plus, the remaining $333,090 loss will be carried forward and offset income in future years.
Now, how much cooler is that?
The additional cash flow can be distributed directly to Jane, or her investors. Alternatively, it can be retained for improvements and renovations that can increase the value of the property, or be used as a down payment to purchase additional properties.
https://www.therealestatecpa.com/blog/costsegregation |
|
Date: January 1st, 2021 8:53 PM Author: Mahogany Aphrodisiac Range Faggot Firefighter Jfc this fraud country (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659299) |
|
Date: January 1st, 2021 8:58 PM Author: Self-absorbed snowy church fortuitous meteor (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659344) |
|
Date: January 1st, 2021 9:09 PM Author: Bull headed principal's office digit ratio "Jane will still have the $29,090.91 in cash."
Still have? What? That makes no sense. It wasn't cash in the first place. WTF are they trying to say that they didn't already say better? |
|
Date: January 1st, 2021 9:35 PM Author: Adventurous Pearly Knife Skinny Woman ty for link (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659590) |
|
Date: January 1st, 2021 5:38 PM Author: shimmering legend set Fresh out of law school and had a little savings that I threw into ETH in 2016. Had some relatively solid success investing in some smaller ICOs and ETH price appreciating in 2017.
Fast forward to summer of 2018 and I discovered Bitmex. This did not end well and went broke very fast. |
|
Date: January 1st, 2021 9:40 PM Author: know-it-all theater dingle berry yeah a lotta us held too long in 2018 and lost our 6-7 figure crypto gains (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659610) |
|
Date: January 1st, 2021 5:39 PM Author: Diverse big-titted azn Johnsmeyer is the king of pain, when it comes to day trading, no? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658289) |
|
Date: January 1st, 2021 5:53 PM Author: Adventurous Pearly Knife Skinny Woman he is the king (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658393) |
|
Date: January 1st, 2021 8:41 PM Author: Domesticated Razzmatazz National he is the king of BS (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659252) |
|
Date: January 1st, 2021 5:58 PM Author: Excitant Mauve Parlor I lost more than 50% in forex last March but ended the year up by 35%. I plan to make improvements this year, though the forex appears more unpredictable than ever with usd in freefall. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658424) |
|
Date: January 1st, 2021 6:09 PM Author: Impertinent thriller mother Did some day trading this year with maybe 15k, mostly just to see what would happen if I”bought low and sold high” in a market with an upward trajectory. Put most of it in stock that was pretty beaten up by COVID. Total return from this was maybe 25%, and since I didn’t actually have a lot of interest in holding these stocks long term I ended up generating short term capital gain. Did better with the extra cash I put into S&P 500 around the same time with no plan to sell.
Good experiment to confirm that buy low/sell high is not really a viable strategy for me, even if a rising market makes it easier to generate return. Going forward, I’m just going to keep buying into the sp500 and maybe just put a little bit more in when I can if there are significant dips.
|
|
Date: January 1st, 2021 6:34 PM Author: vengeful stirring office Lost a lot in options but made it back in crypto (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658594) |
|
Date: January 1st, 2021 8:55 PM Author: Mahogany Aphrodisiac Range Faggot Firefighter Get out of crypto now, invest in a fucking index fund and count your blessings (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659309) |
|
Date: January 1st, 2021 9:05 PM Author: shimmering legend set why get out of crypto? (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659391) |
|
Date: January 1st, 2021 9:08 PM Author: submissive provocative factory reset button philosopher-king it's a ponzi scheme. you need moar people to join the herd for it to go up in "value" (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659409) |
|
Date: January 1st, 2021 9:16 PM Author: shimmering legend set scarcity my friend. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659470) |
|
Date: January 2nd, 2021 5:56 PM Author: submissive provocative factory reset button philosopher-king true, there are only a few thousand "alt" coins (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41663254) |
|
Date: January 1st, 2021 7:19 PM Author: bat-shit-crazy church building selfie yeah, there were a whole bunch of older alumni from my HS that all got into day trading together and came in to give a talk to us about how great it was. they all went broke. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41658855) |
|
Date: January 1st, 2021 8:04 PM Author: submissive provocative factory reset button philosopher-king lol (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659079) |
|
Date: January 1st, 2021 9:36 PM Author: kink-friendly obsidian tanning salon shitlib 180 (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659593) |
|
Date: January 1st, 2021 8:13 PM Author: talented stag film it's gambling and you will lose in the long run. if you could reliably beat the s&p on a risk adjusted basis you will quickly be able to start a fund and become a billionaire.
there's a reason why market makers pay money to robinhood to get their flow |
|
Date: January 1st, 2021 8:52 PM Author: Excitant Mauve Parlor False. You'd have to make millions to generate your own clients. If you're playing with a small portfolio it will take many years before your portfolio is big enough to be noticed even if u get 30-50% each year. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659293) |
|
Date: January 1st, 2021 8:56 PM Author: talented stag film i wonder what the venn diagram is of people that can generate 30 to 50 pct a year returns with sub 1 beta to s&p but somehow dont manage to have much money to their name (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659319) |
|
Date: January 1st, 2021 9:06 PM Author: Excitant Mauve Parlor As an example I started with a 26k forex portfolio 3 years ago and now have 75k. I have not added or removed anything though I have cash that I plan to put into safer assets. I made more in my regular job and will be making more in my doctor job this year, but may or may not put more into forex account. Obviously it would take many years for this 75k to grow into something noticeable or to replace my regular income... If my portfolio grew to $1mil and I could keep generating 30% I'd quit my regular job and move to monte carlo.. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659394) |
|
Date: January 1st, 2021 8:57 PM Author: know-it-all theater dingle berry lots of ppl beat fund managers, who are limited in what stocks they can buy and move prices with their buys/sells.
i got about an 1800% return this year. made the right picks. in 2018, i lost about 80k. |
|
Date: January 1st, 2021 8:32 PM Author: poppy messiness Lost at least 100k over 12-24 months (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659216) |
|
Date: January 1st, 2021 8:33 PM Author: submissive provocative factory reset button philosopher-king pffft. aren't you a JD? pocket change (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659220) |
|
Date: January 1st, 2021 8:36 PM Author: poppy messiness I mean i'm still here but i would have preferred to just keep the money. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41659234) |
|
Date: January 1st, 2021 10:52 PM Author: Doobsian rose state boistinker day trading seems like retard tier shit for at least 12 years, hard to appraise a company when there is so much backroom fed money coming into play (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41660068) |
|
Date: January 2nd, 2021 10:54 AM Author: Excitant Mauve Parlor Yeah, I was thinking of going into stocks but in stocks u cant day trade. Forex is it (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661462) |
|
Date: January 2nd, 2021 2:22 PM Author: Doobsian rose state boistinker i think forex is retard tier shit unless you focus on swing trading world events like russia embargo and trump winning 2016 (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41662181) |
|
Date: January 2nd, 2021 2:27 PM Author: Excitant Mauve Parlor Says a swindling lawyer who only k ow how to sue people (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41662195) |
|
Date: January 2nd, 2021 11:02 AM Author: floppy underhanded base gaming laptop everyone (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661502) |
|
Date: January 2nd, 2021 11:51 AM Author: Aggressive judgmental heaven benzo went broke faster than anyone else, granted he was starting w a lol worthy $ but he sure is a retard (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661682) |
|
Date: January 2nd, 2021 12:51 PM Author: Excitant Mauve Parlor Just paid my yearly tax on forex. It's one thing to pay about 18% on federal tax(60/40 rule) but I pay an additional 10% to nyc. Fucking niggers. Nyc is a complete scam nigger city. (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41661887) |
|
Date: January 2nd, 2021 4:10 PM Author: submissive provocative factory reset button philosopher-king at least very little money goes to waste (http://www.autoadmit.com/thread.php?thread_id=4725729&forum_id=2#41662773) |