If you beat the SPX, you did better than many many highly paid fund managers.. Hi, thanks for doing this... Just have one question. I never imagined that going deaf and losing everything would turn out the way it has. My best year/worst year were +$830k/+$10k. If you join them, you will learn to trade like them which is fine too. I'm not op, but the best thing that helped me was watching a person who is a professional day trader trade. If you were the only retail trader in existence, then yes, MMs can and should go after your stop every time. My mother's family had a history of deafness and I had inherited the defective gene. What I mean is I tried to change my strategy to suit a trading style other than the one I have found profitable. Did you ever get going with a live account? New comments cannot be posted and votes cannot be cast. For the data-driven. TD requires $5k for 1 contract. In business school, I had had some basic finance classes that dwelled on Modern Portfolio Theory, valuation and diversification. Capacity was limited, and people would wait for hours just to grab a seat. Alex joined the Investors Underground chat room and started watching traders like Derrick, Eric, and Phil. At the time of publication Rev Shark had no positions in any securities mentioned. Long term profitability is possible, and I've just proven it with a simple mental exercise. Clear, direct methodology. Now he's trading close to $250,000 every day, he says. Thanks for the posts. Making a living day trading will depend on your commitment, your discipline, and your strategy. What’s in it for them? Needless to say, he was instantly hooked on short selling. Trading is a full-time job. Financial statements, news stories, economics, valuations and the many other things we see in the financial press each day may be interesting, but if you wanted to make money, you had to find stocks that were moving in the right direction and stick with them. Click here to get daily columns from Jim "Rev Shark" DePorre, Jim Cramer and other writers.). Just because something works in theory or on paper via thought exercise does not mean it works practically in the real world. If it continues lower I just dump it and move on. I think I can make "smarter" decisions trading in stock market than gambling at a casino. Why should I share how much I make to prove trading is possible? I had tried some longer-term investments, but soon grew impatient with the results, and I wanted to try my hand at something that could produce immediate results. Alex initially became interested in the stock market three years ago at the age of 19. No, nothing is in it for them. Kind of an extension of this post submitted a day ago, where a redditor doubts the possibility/probability of making this a $100k-$200k/yr job. It is a short book that outlines some of my market philosophy and basic trading principles. By using our Services or clicking I agree, you agree to our use of cookies. After studying short selling tactics for some time, Alex placed his first trade. On smaller lots (10 to 30) I can be in for a little longer (one or two minutes). Alex decided to focus on stocks where the underlying company was poorly operated, continuing to add debt, and releasing "fluff" news. Truer words have never been spoken. Your consistency, and discipline. He was running a website on AOL at the time, and invited me to set up the Shark Attack area for short-term traders. Subreddit r/pennystocks is the key to starting small and aiming high. That’s where subs like r/wallstreetbets and r/pennystocks come in to help. If you want to learn trading, then ask a more detailed question. Nate needs to make new ones with VWAP. It became very apparent to me that I couldn't compete with huge institutional funds by doing the same thing they did. For all of the great tips and posted throughout each of the threads, take with them a grain of salt. My hearing had started to decline rapidly; within a short period of time, I was totally deaf. No hate here. And as demand for cash continues to grow in 2020, the roster of at-home day-traders around the world is booming. Thanks for sharing your journey and success. I'm looking for 1k a week. This subreddit is notorious for big ideas, big numbers, and big results. It was at this time that Alex discovered short selling and became intrigued. The current market is perfect for trading, not investing. I found out that I was starting to become too detached from the results (the money) and had to step back and ensure I was treating this as a business and not as a casino with a broken slot machine giving away money. His selectiveness eventually led him to more consistent trading results. The OP has had years of practice. I was now divorced, broke and deeply depressed. To echo one part of your post I would like to jump in and say that recently I started focusing my trading to lower my commissions.

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