Can you get rich off of trading stocks like you see on Instagram and those 23 year old stock trading millionaires? I recently got a new job and decided to start saving up and I've calculated that if I keep up with my savings I can make 12,000 by this time next year. If I'm a bit more frugal I can bump it up to 15,000 but that depends. But my goal is during the year I'll read up on stock trading and how the market works and at the end I'll start making small investments to get a feel of how the market moves and slowly become a millionaire. I just hope it doesn't take longer than 10 years but if it does you can't complain being a millionaire at 30. But I just don't want to be chasing an unrealistic dream. Does it actually work? Can I actually get rich off of this? And if so how? I've already saved all the stuff in the stock general threads but I don't want to be chasing an empty dream.
stocks and cryptos both have a chance to make you rich but you gotta make sure to pick the good stuff. not the fly by night. sure pump and dump coins are useful (made plenty of cash in pnd raids) but some solid long term coins/stocks goes alot further than the bi-weekly flippings
Colton Peterson
Where can I learn this? And how long does it take? Are the stock general enough?
Robert Scott
Yeah head to the stock general.. it might seem like alot of idiots but that's just people mostly being shitheads to shitead.. there's alot of good advice so keep tabs on that thread whenever it pops up with a new one. As for crytpo it's worth it just not like 2017 so it's more a hit and miss unless like stocks you pick really solid companies.
for now stick with stock general and google/bing/duckduckgo stock trading forums or stock forums or penny stock forums or various other things and find places to read and learn also. youtube has decent vids but most are people going hey buy this or sign up for that.... also if you have twitter you can follow alot of investors and people that suggest stocks to invest in for decent money. I follow about 800 people and have made some damn good money on stocks suggested. (tho I tend to go after dirt cheap unproven stocks so I know ive also been extremely lucky in that regard)
Kevin Hernandez
like a pear cider
Hunter Flores
The 23 yo traders are all posers. I don't know why they do this, probably a form of escapism. It's just not realistic, it takes many years to kickstart any kind of business. If you're a genius trader, trading full time on a smallish account, you might be able to make 40% a year. For someone who has a job, I'd say 10-15% is a realistic goal. This could add up to a nice sum if you keep saving, but nothing earth shattering. You might be able to retire in 10-20 years depending on your lifestyle.
Jackson Allen
are you ready for the best advice youre going to get from this board but going to totally ignore because you IQ is too low to understand what it is? Ready? buy chainlink
It works but you need to treat it like a snowball effect. The bigger your input the quicker you can "make it".
Ayden Morales
You will probably make a mistake, or several mistakes that will be difficult to recover from. The idea that you can go to the trading screen and just start generating income is probably false. Depending on the person it make take 1 to 5 years to become educated. You'd have to make a huge effort.
Nathaniel Cox
Damn, you're right. I only just vaguely get it but don't know how to take advantage of this information.
