Starting with $100, how long does it usually take for an experienced trader to get it to $1000 in stocks or crypto?

I’m talking about (day) traders, not investors. Investing isn’t a zero sum game, you don’t have to beat the market (return) to make money.

What I mean is that less than 0.1% of day traders have a higher expected (risk adjusted) return than the markets. More than 0.1% of traders end up doing well because of luck/variance. Unless you do many trades per day it will take you a long time to to get a large enough sample size to determine if you’re actually good enough to beat the markets. A lot of retail investors don’t get statistics & and just how difficult it is to beat the markets. A lot of brainlets think they’re geniuses after making 50 trades and doing well. That’s why so many people say trade. Notice how you never hear any highly experienced traders or economists (not social media meme gurus) recommend day trading. There’s a reason for that. You don’t have a chance. And if you’re one of the the select few who have what it takes you could be making high six figures (or even seven figures) working for a fund.

0.1% of traders could still be the majority volume..
>the realization of which companies/products/services will be successful in the long
You are thinking of hedgefunds, they don't really do day to day trading, but trade over the timeframe of months.

Great advice guys, thanks so much.

/thread

If you buy some solid stocks with a dividend of 6% and the SPY goes to 3000 EOY, you could probably make safe 130 bucks in 12 months.

With warrants and day-trading you make it 300 but you have more risk.

If you want to make 10x in about a year you really have to be smart. Try to find undervalued stocks in a trending sector.

gib spicy div stocks

When you play a $10 online poker game you’re competing against other players who are risking $10. You aren’t playing against the most talented high stakes pros in the world. If you put your $10 in the financial markets you’re playing against huge teams of the most talented traders/investors/analysts in the world that are risking billions of dollars.

Use the investing.com stock screener to find stocks which had a 5 year average dividend of > 5% and a market cap > 2B.

My favorites this year are defense stocks, energy stocks, car makers, gambling and gold miners. Also there are some nice stocks which don't pay dividens but have a nice growth potential. Look at US Cannabis players. They might perform great next year.

The bottom line is that as a retail investor you shouldn’t be trying to beat the market. The smartest strategy for almost everyone is to invest in a diversified portfolio and holding.

Oh yeah and big pharma, Tobacco companies going into e-cigarettes business, booze stocks and so on. There are many who pay more than 5% dividend.

Buy gold (paper) Thursday or Friday and sell Monday/Tuesday.
Not a fool-proof strategy, but given that you can't buy/sell in the weekend, money tend to move out of more risky positions and into safer ones for the weekend.

what does that mean?

>Us Cannabis
will they give out dividends later on?

Options tradings. Keep in mind your transaction costs will be huge in proportion to your hundred bucks

You've been harping this shit the entire thread. So essentially what you are saying is that billionaires have the power to manipulate the markets and that you should piggy back behind them, when in fact it is the masses who control it.

You can do it really fast with crypto. You won't turn $100 into $1000 in stocks though.

You can also lose all your money faster with crypto. Crypto is just stocks on time lapse mode.

Options.

or do what 90 percent of wallstreet does and do insider information

You probably won't make it OP.

There are so many immeasurable variables that most traders get blown out at some point.

All it take is a whale to decide he's gonna pump or dump one morning after having a dream and your strategy won't hedge you from it.

Focus on building something of value.

youtu.be/FeNYjYA2lVg

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I understand the randomness. I kind of just want to dabble in it for a change in pace because I'm absolutely sick of poker and I believe that trading/investing would be less of a heartache. I'm fine with risking large amounts of money and sitting through the dark times. I just wanted a peek into the various avenues one can take when getting into trading/investing.

Some great advice in this thread though.

I'm not talking about billionaires, I'm talking about funds/banks that manage billions. But yes, institutions control the markets, not the masses. This is not an opinion, it's a fact. More than 90% of the stock market trading volume is institutional investors. It's literally easier to make it to high stakes in online poker than to beat the stock market (risk adjusted) as a day trader. I work in finance and used to play poker full time. Made more than 500k playing poker fwiw (pic related is some of my pt4 database). Trust me, you'll get crushed in the markets with your $100. Anyone who tells you otherwise don't know what they're talking about. Online poker is extremely competitive too, but at least you got a shot at making it if you're high IQ and you work really hard.

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So then if day trading is essentially unbeatable/not worth attempting, what's the middle ground between that and diversify/hodling?

The middle ground is swing trading I guess. If you want to try trading, crypto is a good option imo. It's easier than stocks (but still very difficult) and more based on psychology than traditional markets. It should go without saying that you should do paper trading at first (or trade with pocket change). Trading won't make you rich fast unless you just want to gamble it up. Just keep it in the back of your mind that you'll most likely fail, so think of it as something you're just trying out for fun.