Rotating ASST profits into KDLY this morning. Memecoin stock gambling... Will see how it plays out. Didn't like the entry as premarket was already frontrun by the big boys. Will pull out initial investment asap in this one.
The Stock Trading and Shitposting thread.
- Thread starter Araysar
- Start date
These btc proxies may have been the easiest money i've ever made. Feeling like a bubble is about to pop. I'm out of them all now, but if they revert enough i might range ride again with some of the profits.
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Haus
I am Big Balls!
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OK, pondering for the day....
I have a larger than I'd like pile of stock in one particular company (i.e. the one I work for). I plan on diversifying that some within the next 3-6 months depending on a number of variables (probably take half out and diversify that between long term ETF holds and some amount for my short term "Degen gambling" hobby). Before that I plan on tapping out somewhere around 5% of this stock to handle some home improvements.
Now I'm stuck needing to do something I don't normally do (as a longer term buy and hold type), that being trying to time the market for an optimal sell point. What's the take of you fine strangers on the internet? Am I overthinking and just need to pull the trigger? That's what the voice in my back of my head is saying....
Unrelated:
I have a larger than I'd like pile of stock in one particular company (i.e. the one I work for). I plan on diversifying that some within the next 3-6 months depending on a number of variables (probably take half out and diversify that between long term ETF holds and some amount for my short term "Degen gambling" hobby). Before that I plan on tapping out somewhere around 5% of this stock to handle some home improvements.
Now I'm stuck needing to do something I don't normally do (as a longer term buy and hold type), that being trying to time the market for an optimal sell point. What's the take of you fine strangers on the internet? Am I overthinking and just need to pull the trigger? That's what the voice in my back of my head is saying....
Unrelated:
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Loser Araysar
Log Wizard
- 89,937
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fris
Vyemm Raider
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I have a similar issue in my Roth account. I've had a single share of my employers stock in my brokerage for years. After an earnings report a few quarters ago, I bought about $5k worth of stock in my Roth. It's down, I'm totally hanging onto the sunkin cost fallacy. But at least I'm getting a dividend. I don't see a good time to sell, and my bias in my company is that the stock should recover. I didn't buy at all time highs, but during a drop shortly after an ath. It continued to drop after I bought.
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Loser Araysar
Log Wizard
- 89,937
- 182,501
Lunis
Blackwing Lair Raider
- 2,349
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For those wondering, I use Topstep as my main prop firm. I like them the best because they don't try to find sneaky ways to deny payouts. You can trade news, no trailing draw down, and no consistency rules. The only way to get a payout denied is by hedging in 2 different accounts. 5 winning days of at least $150 and you can request half the balance. I made $12k this month and only spent less than $1k on accounts. You keep 100% of the profits for the first 10k, 90/10 split after that.
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Jysin
Bronze Baronet of the Realm
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MOST of these online props (funded trader accounts) rely on retail noobs blowing accounts and churning account fees.
There are some who can reliably make profits (very few), so if you've cracked that nut then congratulations.
I wouldnt recommend a prop for probably all but a couple people in this forum.
There are some who can reliably make profits (very few), so if you've cracked that nut then congratulations.
I wouldnt recommend a prop for probably all but a couple people in this forum.
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Daidraco
Avatar of War Slayer
- 10,914
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Yep. I did a trial account with a funded trader account back ... hell, what a year ago when I came into these threads? I was completely unprepared with the system, the approved trades, etc. I got the hang of it finally, and even though I made a good amount in that imaginary system - it wasnt even near enough to "pass" into their real world training accounts.
I wont say it was a complete waste of money though, because it drove me to learn as much as I could, as quick as I could. I'm just glad I started with a small account and the fee associated with that one.
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Furry
Email Loading Please Wait
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Yea, meet one of these people at work and he's always talking about options leverage, stock gamma and shit, and how you have to catch the momentum. Then he talks about how his portfolio blew up while he was asleep, then gets just as excited for the next big trading plan as he starts over from 0.
Meanwhile I just put the money in the S&P and number go up.
Lunis
Blackwing Lair Raider
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Honestly I think it's the opposite. No one should ever jump into trading with a personal account right away, you will blow it up almost guaranteed. Maybe if you have 100k and are trading micros you can stay alive, but even then you will still lose money.
Compare that with prop firms where you can blow 10 evals and only be down hundreds of dollars. It's the best way to learn imo b/c you can make all the newbie mistakes without losing tens of thousands in the process. This is what I did. I spent maybe 10k the first year of trading on evals/accounts learning how to trade and now I can pull 10k/month in profits consistently. If I started with a personal account I probably would have lost all my savings.
Lunis
Blackwing Lair Raider
- 2,349
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Some firms have very oppressive rules (like trailing drawdowns or consistency limits) but have very cheap evals. Others have better rules but are pricier, it all depends on where you are in trading. If you're a seasoned pro then I would go with Apex since you can copy trade up to 20 accounts or Take Profit Trader with their daily payout system. I personally like Topstep b/c there are very few rules, but it costs $150 to activate a passed eval with their cheapest eval being $50. So you're essentially paying $200 for $2k of drawdown or $300 for $4.5k of drawdown.
I like it b/c you can be very aggressive and make a lot of money. Yes you will blow accounts, but if you know how to trade you will be net positive by a lot.
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