Kamikaze_Cash
Kamikaze_Cash t1_j2erw2m wrote
Reply to comment by mbcls in "Most daytraders lose money" i'm sure you heard this many many times, then how much you made "investing" this year? by mbcls
Most investors have losses of around 23% this year in accordance with the market decline. They’ll have recouped 1-2% in dividend.
It looks like you lost around 70% over the past 6 months, but your gains earlier in the year make up for it.
I hope you tax-loss harvested effectively or you’re going to owe 6-figures in tax due to all the wash sales.
You’ll have to make some adjustments going into 2023 to change your trend.
Kamikaze_Cash t1_j2dv692 wrote
Reply to comment by neldalover1987 in "Most daytraders lose money" i'm sure you heard this many many times, then how much you made "investing" this year? by mbcls
There are a bunch with even more than that. Ally is one. Redneck Bank is another.
Redneck Bank is FDIC insured despite the name.
Kamikaze_Cash t1_j2dupsl wrote
Reply to "Most daytraders lose money" i'm sure you heard this many many times, then how much you made "investing" this year? by mbcls
It looks like you’ve done nothing but lose money for the last 6 months, and without numbers, this doesn’t mean much anyway.
If you’re making 300% in 6 months off a $700 portfolio, it’s not that great. That’s like my monthly dividend income.
If you’re doing this with $80,000 then it’s impressive. But the fact that you’ve done nothing but lose for 6 months shows you why most daytraders lose money.
Kamikaze_Cash t1_j2chbrz wrote
Reply to comment by AlfredKinsey in Decided to YOLO my Christmas bonus on 0DTE TSLA puts instead of doubling down on my calls today by gypsies232
You can sell $1-wide call credit spreads with $50 of collateral and make $25/week.
Kamikaze_Cash t1_j2a2clm wrote
Reply to comment by gypsies232 in Decided to YOLO my Christmas bonus on 0DTE TSLA puts instead of doubling down on my calls today by gypsies232
Yeah if you’re putting $100,000 into a credit spread, you can lose all of it by expiration. You can blow yourself up just as fast as with FDs.
Try doing some 30/16 delta iron condors first.
Kamikaze_Cash t1_j29zvxt wrote
Reply to comment by gypsies232 in Decided to YOLO my Christmas bonus on 0DTE TSLA puts instead of doubling down on my calls today by gypsies232
You only need like $50 to join theta gang
Kamikaze_Cash t1_j29zsa2 wrote
Reply to Decided to YOLO my Christmas bonus on 0DTE TSLA puts instead of doubling down on my calls today by gypsies232
Merrill Edge. Nice.
Kamikaze_Cash t1_j0r1juu wrote
Reply to Lets talk about gains baby, lets talk about r/wallstreetbets gains of $8,698,023.75 in November 2022 baby, lets talk about it by greenskew
Finding dank trades has never been easier.
Kamikaze_Cash t1_iyddce4 wrote
Reply to Thousands of trades over 3 years on $500k+ account. Barely beating the SP500. by NoMoreLandBro
After taxes, you’re probably underperforming the S&P like everyone else.
Kamikaze_Cash t1_iyaramr wrote
Reply to comment by JellyBoyBets in Recession Stocks by JellyBoyBets
TQQQ is a complete gamble that the next bear market will start soon. I’d keep the position small and only get into it after you have a nice base of blue chip stocks and ETFs.
Kamikaze_Cash t1_iy90m4o wrote
Reply to Recession Stocks by JellyBoyBets
Some good ones for the recovery are CCI, O, META, and of course TQQQ.
I will fight anyone who says to buy shit companies like CVNA, PLTR, and PTON.
Kamikaze_Cash t1_jef9tn2 wrote
Reply to If you invested 100 dollars in S&P500 in 1980 and reinvested dividends you would have 11,000 today. Stop gambling and start investing. by [deleted]
In 40 years, I will be in my 70s.
What am I gonna do? Get buried next to a moldy pile of money?
Also keep inflation in mind. It’s 100x in nominal terms. More like 20x in real terms.