And this why people lose their houses “day trading”. Especially if they use leverage.
https://business.financialpost.com/c...box=1587377574
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And this why people lose their houses “day trading”. Especially if they use leverage.
https://business.financialpost.com/c...box=1587377574
And people will go to gold. Guess what you need a buyer to get back out of it good luck this kind of fun takes massive balls
I worked with brilliant people, and we had sophisticated programs and models. None I worked with ever played the market. We “knew” better.
One of our trading desk, was what you might think of as day trading. No positions at close, so over night risk ( a war, a nuclear plant melting, bad news) was nil.
The actual name was high frequency trading. Might to dig into that a tad, if playing the markets. “Buyer” be ware.
https://en.m.wikipedia.org/wiki/High-frequency_trading
My father inlaw is a very good successful day trader my wife want's me to learn it so I can stay at home more often lol.
He averages about 300 dollars a day in trading witch isn't bad considering he only works a few hours a day from home . You will always have your losses as well ,he has lost plenty its never a guarantee but his daily average is ok.
Like Mark said and many others you cant put all your eggs in one basket.
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Is he doing individual stocks or buying some of the index stocks like HOU, HBU, HFU and the down versions of those too? Those can move alot too but tend to be easier to figure out the general trend since it is an industry instead of one stock. Two of those above in a month, who knows, in a year they should make good money, Bullion I have never figured out and have no idea on. Those you can take a bit longer goal on, day trading and individual stocks... better be throw away money because the odds aren't good unless you are following alot of markets, trends etc. and even then ... flipping a coin?
They should change the thread title, the last I head with the spending, foreign hand outs etc. we will be $100B past that or more for the deficit.
He generally plays with energy sections gas and oil but has investments all over. He has lived off the day trading for the past 15 years , his entire family has been in the market since the beginning of times lol I know he buys lots of shares so you dont need big moves he wont buy less then 5000 going upwards to 30 thousand at a time. Usually spread out 5 to 15 thousand shares in different places tho . I know he uses 2 computers for speed both the bank and market on a separate computer. That's all I know I dont usually dig to deep into it as its alot of personal information and I dont usually get into that with others lol. He says you can make money to from the stock going down aswell that's when I always get confused lol.Quote:
Originally Posted by mosquito
My wife wants me to go and sit with him and learn for a few weeks or a month of training [emoji1787] she loves it when I'm home this pandemic wont ruin our marriage lol. She has asked me for years to get into and stay at home and learn the market she grew up to it I didn't lol. Problem is I dont have the amount of money to stay at home and enter all the big fishing tournaments and a boat yet lol. Yeah I can stay home and live now but I'm going to retire on the waters 5 days a weeks lol. So more work and time is needed lol[emoji106]
I don't know much about it. I know it's a gamble and there are plenty options to make the investments and now is a good time for anyone new getting into it. Either a long term 20 year or a short 1 year lol .
My other fishing buddy he follows the world trade he gets up early every morning and will know by 7or 8 am to see if he is working or fishing lol.
I know I wont be investigating in just one lol. I have followed the market for many years but never bought into ,could of made some great deals at times tho lol.
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Sounds like good ones to learn from, maybe not for day trading if you don't have alot of dedicated time but as a good way to lean and maybe plan longer term investments.
Tell her to learn. She makes the money, you go fishing. Everyone winsQuote:
Originally Posted by fishfood
Couple good reads.
Deepest recession in record
https://business.financialpost.com/n...box=1588083007
Read between the lines and the import of a few paragraphs.
https://www.ctvnews.ca/health/corona...6PoxyxrfAMp9g0
Yep... and with unclear plans, no federal plans, masks and PPE and respirators seemingly still a huge issue, the deficit soaring, I would put us between the words "Aircraft and "Lift on this image....
https://2.bp.blogspot.com/-IR_Mw1aal...e-1%5B1%5D.jpg
Jobs will be gone, small businesses unlikely to reopen and all the while at the bottom of that planes path the Vets, disabled, retired, teenagers and probably atleast 1/3 Canada's population are in the Soryu at the bottom of that path.... while some of the countries that put in travel restrictions, screening, quarantines and listened to experts NOT in the WHO ...
ex. Taiwan that didn't listen, made people use masks (something Theresa Tam at one point said we didn't need at one point and CBC was saying as late as March 15*), didn't give away 16 tons of PPE etc. still hasn't gone over 500 cases for example and schools and businesses are still open.
* https://www.cbc.ca/news/business/mar...heet-1.5497270
an interesting and frustrating read...
https://edmontonjournal.com/news/pol...w-the-virus-2/
https://edmontonjournal.com/news/nat...low-the-virus/
Canada sent two planes for equipment to China that came back empty and we got a bunch of unuseable gear too....
Some of the conspiracy theories make you wonder, in the book I am reading I am just at 9/11 in 2001 an how El Quaeda talked about spending $100,000 to make the US spend $100,000,000 and die from many tiny cuts.... just reading that reminded me of the conspiracy theories, also fear and panic make a good way to take away freedoms too... I wonder if these types of travel restrictions etc will be used for say.... global warming.... that ultimate threat to mankind... ???