What's up guys. I'm about to let some investment real estate go and turn my attention to day trading. I'm in the research phase now and I've been doing simulations for 3 weeks. It's going well. I am going to have $100k to invest. My strategy is use news, trends, pre market and gaps to make my decisions. Ideally, I'm just needing to make 1% or above and I'm selling. Now, during simulations the past 3 weeks I'm actually up $21k fake dollars lol. This is better than I ever expected it to be. I have invested in stocks in the past and did well, but didn't have this kind of capital in. Some questions I have
1-Will $100k in any stock always be executable?
2-Could that small of an investment make a small stock move?
3-What's the best broker for speed. I want to get in pre market at times and sell 1-2 min after opening bell. Today would have been $5500 in 1 minute on Marvell Tech.
4-Is there anything I'm overlooking?
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06-07-2023, 08:15 AM #3871You are the only problem you will ever have and YOU are the only solution.
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06-07-2023, 09:38 AM #3872
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06-07-2023, 09:49 AM #3873
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06-07-2023, 09:57 AM #3874
1- market orders, yes. limit order, depends on how crowded the trade is.
2- almost never unless you place market order on low volume stock.
4 - yes. you can't learn daytrading through simulation. a huge component is managing your losses and managing your emotions. neither of those are really present in simulation.
5 - print your post, tape it to the wall, look at it every day. this will be the start of something epic or potentially tragic learning lesson. I highly discourage you from doing this but good luck. it is the most soul sucking thing you can do to earn a living.2022 Option Trading Realized Gains: $125,348.43 USD
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06-07-2023, 10:13 AM #3875
- Join Date: Dec 2007
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These.
Good luck if you decide to give it a whirl. It's a completely different ballgame when it's real money. When you are simulating, there isn't any actual financial risk. You can say "I made $20k in simulated trades" . . . but would you really have taken the same positions in terms of $$ and shares if you could really lose a big chunk (or all of it)?
Something like 90%+ of day traders fail. There have been numerous people pop into the threads who thought it was easy money and "all you have to do is time it right and get in and out with decent daily gains". Haven't been many (or any) who have come back and reported that they were still doing it and making a living. You might be the exception--hopefully you are. If it was really that easy, more people would be successful doing it.*MFC Elder Statesmen Cabinet Crew*
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06-07-2023, 10:23 AM #3876
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06-07-2023, 10:30 AM #3877
I get the negativity, but I'm not 'most miscers'. I'm 46 w/ over $1 million in assets in an area where that is very good. I've made a little bit in the market in the past ($6800 profit in 6 months w/ $50k in) Eh, as for it not being real money, I'm doing the EXACT things I plan on doing when I invest. I don't have to make a living, just replace the $1k/month I was profiting on my condo. And I'm not messing with smaller cap stocks. Could my 100k, go to $50, I suppose, but highly unlikely. And if it does, I won't starve. This is all profit from another investment. Thanks for the tips.
Last edited by natypes; 06-07-2023 at 10:36 AM.
You are the only problem you will ever have and YOU are the only solution.
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06-07-2023, 11:04 AM #3878
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1. depends on stock you interested in
2. maybe some shiit box penny stock
3. webull but probably go with tasty tbh
4. yes
if you are serious about day trading and have $100K and say have goal to make $5K per week of side income
you might as well go to direct source and trade MES (micro es futures) or ES big boy futures.
you're not going to make it trading options or just flipping stock on daily.
simply impossible to be able to get direction and timing right.
learning curve on trading futures is bit steep but put the effort in / watch some youtube videos (read some books etc) and you will figure it out.
start with practice account
learn the tape etc and you will be set.
I have pretty much gone 100 percent now ES trading on side.
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06-07-2023, 11:06 AM #3879
- Join Date: Jul 2012
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I think you have the wrong definition of "investing" and actually meant to say "trading". I may extrapolate further and call it "gambling", and agree with the brah who said you are likely to turn the $100k into $50 (srs)
If you actually want to invest the $100k in a way that isn't completely retarded, you should put it in VOO and never check this thread again (none of us will ever do that, though)
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06-07-2023, 07:27 PM #3880
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06-08-2023, 07:57 AM #3881
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06-08-2023, 08:53 AM #3882
Just realized that the math doesn’t work out for those “experts” who say if a stock drops by 50% it now has to rise by 100% to get your money back.
It seems they are missing the time element. If your stock dropped by 50% and then rose by 50%, it does NOT have to rise another 50%, but only 25%… etc.
Mind blown…
Do they even math?
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06-08-2023, 09:53 AM #3883
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06-08-2023, 10:43 AM #3884
- Join Date: Dec 2007
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Starting point: $100
Lose 50%: You now have $50
You need a 100% gain from your current $50 (50 x 1.00) to get the $50 back you lost and get to $100 again. There's no "time element" to it.
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06-08-2023, 10:50 AM #3885
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06-08-2023, 11:14 AM #3886
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06-08-2023, 10:32 PM #3887
Let’s say you bought $1000 of some stock.
It dropped 50%
You now have $500
Experts say you need a 100% rise to get back to $1000
Next month stock goes up 50%
You now have $750
You do NOT need another 50% rise as that would actually be $375 which would take you to OVER your original 1k rather than exactly to your original 1k.
?
Please explain racist math to me.
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06-09-2023, 12:00 AM #3888
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06-09-2023, 03:16 AM #3889
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06-09-2023, 05:37 AM #3890
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06-09-2023, 05:46 AM #3891
Can you point out specifically where I am wrong in my post?
You are looking at an 100% increase from the bottom price, you’re not taking into account that every day as we work towards that 100% increase the price is different and no longer requires the same percentage rise as from the bottom.
Let’s say in my example, you have $1000 investment which falls 50% to $500 and then you’re all depressed thinking it has to rise 100% now to get your money back, you may even be thinking that the price has to rise by 50% two days in a row or 10% 10 months in a row, or 1%, 100 days in a row etc. but that’s not true because if the next day the stock rises 50%, all I’m saying is that it does not have to rise 50% the next day again since now the price is higher and another 50% rise would take you to way over your original 1k.
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06-09-2023, 06:07 AM #3892
So.....it DOES have to increase by 100% from the bottom to get your money back..... Nobody said it has to be 100% all at once, the stock price has to double (which is an increase of 100%) I'm sorry that you can't grasp compounding percentages.
Literally zero people think that when someone says "it needs to go up by 100%" that means that it needs 2 50% days in a row lmaoLast edited by Heaney; 06-09-2023 at 06:14 AM.
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06-09-2023, 06:29 AM #3893
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06-09-2023, 06:53 AM #3894
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06-09-2023, 09:24 AM #3895
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06-09-2023, 02:42 PM #3896
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06-10-2023, 12:51 PM #3897
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06-10-2023, 02:28 PM #3898
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06-11-2023, 09:27 PM #3899
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06-12-2023, 07:38 AM #3900
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