I'm 80k in debt cuz I lost everything trading since 2013, living with my parents.
Gonna receive a 2k$ school loan and gonna try to flip it with cfd (contract for difference).
I'll be trading Nasdaq reversals and levels, I'm scared of oil right now but would love to buy it above 60 on a breakout. I'm monitoring natural gas with greed. I love going long gold and platinum after March... I have a couple setups ready but I need to keep my emotions in check. Should I try xanax ?
I managed to turn 300 to 13000 last May but lost it all the following week. I used to work as a prop trader for the last 6 months too managing 2 millions but I lost 30k and my contract got terminated... I'm now back to college to get my degree and I'm scared af to wagecuck with my debts.
What do you think of investing in lithium? I seem to like stocks that are otc and in lithium, all small enough (market cap
Jose Richardson
do you believe you have an above-50% chance of beating the market?
Jaxson Cook
I bought tsla at 60 in 2013 sold it at 80. Bought a lithium mining junior play in 2014 at 0.16 sold it at 0.22 stock then ripped to 3$ and now it's a bit cheaper. It's called nmx.
The place I was working at some traders were actually market maker on a bunch of otc stocks. They could hold at a loss longer than you, have privileged access to private offerings and can coordinate dumps on you if they see you building up a big position and wanna shake you out. Even then it's just one way to play thearket and these guys weren't amazing traders since I was at the same office I guess but it gave them a living.
Otc markets you can find a lot of opportunities if you wanna research companies but if you want big gains I'd recommend CFDs on stocks and futures. The lack of liquidity is what kills you in the end with otcmkts.
David Sanders
In certain conditions yes. I do super well with paper accounts. I can't manage my emotions with real money, use too much leverage, overtrade and revenge trade and I'm in a bad debt spiral.
Evan Collins
>They could hold at a loss longer than you, have privileged access to private offerings and can coordinate dumps on you if they see you building up a big position and wanna shake you out. Ok this is something new to me, how do they do this? I remember buying lqmt inthe spring of 2013 and holding it for around 4 months before it shot up from 0.05 to 0.32 in July, JUST kicking myself for having a sell order at 0.09 and missing the massive gain, had about $600 invested as a test run.
Justin Nguyen
>AMA. At what point do you realize you're the same as the guy spare changing in Vegas for one more pull on the slot machine?
5 years of losses? You're not a trader, you're just good at throwing money away, and now you're going to take out a Federally backed loan that you can't BK out of?
At this point, it would be a better option to switch your addiction to crack or meth. At least you'd get high.
Sebastian Cook
It's a small market and most players know each others. At the same time they're all trying to rip each other off as much as they wanna take your money so it's not that much of a news... Opportunities are there everyday in the market especially with all the tools available even as a retail investor now, don't beat yourself too much and remember the key is not to lose money. Missing a shot is better than a loss.
I've been learning a lot and I'm more mature now than I was 5 years ago. I gave some great tips to a lot of people around me and created some relative wealth to some of them and took a lot of time to educate my "friends" about the markets and investing. That was dumb and I shoulda asked for commissions.
I still can't be disciplined and I'm fighting a lot of psychological issues when I'm trading with live money. I'm working on it.
Losing 30k$ on 2 million is 1.5% that's pocket change and doesn't make me a bad trader. I'll probably go bankrupt, graduate save 40k and try at a prop shop again in 2 years in the worst case scenario...
It was harder working on a prop trading desk than trading by myself. I had to vet all my trade by my manager and I got stopped of multiple good trades by him. He wanted us to focus on one or two stock and market make on them and my paper trading option style was more based on market cycle between industries and cycling between companies in a sector based on their debt ratio.
I gave the guy a lot of good advice and made him money with my tips which is why he is grateful for my help and let me have bigger losses.... I'd be interested in working as a market analyst but I dont have the discipline or the time to do clear weekly written market reviews and do the appropriate marketing around them...
