Submitted by [deleted] t3_zzjde8 in wallstreetbets
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Submitted by [deleted] t3_zzjde8 in wallstreetbets
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>That's an interesting perspective. I'm sure many people would be happy to have even one profitable year of trading under their belts, let alone four in a row. Personally, I think it sounds like you're doing something right if you're able to slowly but steadily improve your performance over time. Keep up the good work!
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Save some for the rest of us.
No, the two years thing is referring to owning a business. If you’re not profitable trading for two years you should have stopped a long time ago.
Keep up the good work! The trend is your friend.
“After loosing 6 fingers in 2021”… I am not reading further.
Ok read figures as fingers.
No one on this sub treats trading like a business, so it's not surprising that you don't realize the two year rule applies to trading as well
Start trading options and make it all back
Lol 😆😂 your certified wallstreetbets diploma is in the mail 📬
Risk management is key to making consistent profits in trading
I'm not sure how many times you live, but for me it's only once
I think @op's mistake is he's only playing with his money. What he really needs to do is get some overleveraged loans.
Where are you getting all those figures anyway?
Savings + sold my house in 2021
I'm just hanging on hoping for the next coming of DFV.
Right on..I guess I'll have to buy a house to sell. Lol good luck in 2024!
If you still have 5 figures in your account, you might be in to lose 5 figures again
What, did you finally get the job at Trader Joe's?
I admire your optimism. I hope the house you sold was the Taj Mahal.
Holy crap, can I buy long calls on OP?
Nah the account is now just shy of 10k
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Careful, they can still pop it, just to later dump it 🤣
Hello I’m an entrepreneur, well I just start businesses……..the thing that makes it difficult is coming up with a new business to fail at each month.
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Sounds like a younger me. I found I had to go to faster charts. The more volitility the faster I ended up going. I compared my strategy for entry to the guy that today made a killing on the SPY options. Signails were there but I lack the kahonas to go that big. Normally I trade the eminies.
I can't get past the simulator. I somewhat wish I at least had a story to tell.
Progress is quitting while you're ahead before you've sold both kidneys
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Considering they hand those out to just about anyone, I want one too.
2025 will be the next bull market, so I'd say you're right on track
I think once you learned the trends and also patience, the gains can be pretty consistent
Experience is the best teacher after all.
Use people's money, duuuh!
Seems logical!! I like the plan!! Not many people here have a multi year plan to reach net 0 at the end
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For real if you loose Money 2021 - this Game isnt for you for sure!!
get rich or die trying wsb edition
That is right. Take a breath. Well if you see in the news a catastrophic event like the S&P500 falling more than 99% then come again. No way. 2021 for Bulls. 2022 for bears 2023 for bears? 2024 for bulls?
Your trend is at oversold level on RSI. Puts on your performance.
The less you lose the more you make !
Same league as OP. Lost more than 55K in 2021. Lost about 15K in 2022. Can’t wait to lose less this upcoming year.
Care to explain or share?
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But every podcast from successful traders selling boot camps say it takes 2-3 years maybe even 10. You just have to never give up.
I'll explain come Tuesday or whatever, open brokerage account, find spx, go to options full port on a call or put that expires same day and then... idk 🤷♂️, you'll be fine.
The percent gains on your money are much greater. Much riskier of course. I’m sure you probably know this already
Why wouldnt you just keep the monies and buy nice things? You could murder at least a dozen real classy hookers a year for those amounts.
Tbf you’ve not officially made it as a WSB trader until you’re such a feature round the back of your local Wendy’s that they’ve put your services on the menu.
That sounds like a plan. Thanks
Perhaps you should switch to become an investor - and just invest in a S&P 500 ETF like SPY or VOO. When you get 100 shares - occasionally write some out of the money covered calls on the SPY ETF for extra income. You probably won't lose money over the long term with that approach - but it will require a lot of patience and time to make money with it.
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