Day trading

RavySnake
RavySnake

Hey richfags, can I start day trading on $1000 and actually make money?
No, I dont know what I'm doing.
I want rich. I want rich now.
meme for your time.

BlogWobbles
BlogWobbles

buy low, sell high

DeathDog
DeathDog

@RavySnake
buy the dip

eGremlin
eGremlin

@BlogWobbles
thank you capt obv. Do you have any tips as to what stocks to buy or what to look for other than a high beta and a pretty wide 52 week range?

AwesomeTucker
AwesomeTucker

@eGremlin
read some books on investing m8

CodeBuns
CodeBuns

@eGremlin
quit trading, buy kneepads

BunnyJinx
BunnyJinx

@BlogWobbles
I think the general consensus is to buy high, panic sell low mate. Stop spreading misinformation.

GoogleCat
GoogleCat

@CodeBuns
kneepads? for what purpose?

StrangeWizard
StrangeWizard

Ive read a few books about personal finance, intelligent entrepreneurship, thinking rich, thinking big, and I majored in International Biz. I'm cucked in the military, no matter how hard I work I'll always get paid the same on the 1st and the 15th. Need a solid online side thing.

Nojokur
Nojokur

@GoogleCat
S the D for Cash

farquit
farquit

@RavySnake
can I start day trading on $1000 and actually make money?
Sure, all you need is Robinhood.
That's what I read here.

5mileys
5mileys

@eGremlin
Go make a twitter account and follow users that give out stock alerts

kizzmybutt
kizzmybutt

@eGremlin

$SUCC
$KNPD
$LUBE

Put in a few shares and get ready for moon missions and 5 or 7 levels of irony

Techpill
Techpill

you could go for CFDs, its very high risk, but it works well with low amounts of cash

StrangeWizard
StrangeWizard

@5mileys
by the time everyone knows about it, it is too late

iluvmen
iluvmen

@RavySnake
it puts its money in precious metals or else it loses money value again

PackManBrainlure
PackManBrainlure

@StrangeWizard
Same. invest in your tsp. extra into a mutual funds in vangaurd through usaa.

DeathDog
DeathDog

@PackManBrainlure
Are mutual funds really the way to go? They seem good to me.

Nojokur
Nojokur

@DeathDog
They're safer since it's a collection of stocks. They're still affected by stock trends and all, but I got one in VDIGX since it's based on high grossing dividends stocks. It pays dividends quarterly.

Fried_Sushi
Fried_Sushi

@RavySnake
Drop a G into ceru muh nigga.

Nude_Bikergirl
Nude_Bikergirl

@DeathDog
the high fees on mutual funds cut into your profits. etfs are the way to go.

MPmaster
MPmaster

Parents knew a guy who was a day trader
Essentially a professional gambler
One day he lost his entire family's entire life savings
He killed his entire family and himself
They told me that if I ever became a day trader that I would be disowned and exiled from the family

It's no real way to live. You may as well play poker for a living.

King_Martha
King_Martha

@RavySnake
Not really. There is a pattern day trader rule that requires you to have $25,000 in your account in order to day trade. This rule is in place to prevent people like you from coming in and losing their money then complaining.

That being said you can daytrade forex and futures if you can find a broker that will allow you to open an account and trade with only $1000.

farquit
farquit

@RavySnake
put it all on MGT as soon as you fucking can.
john mcafee is an absolute fucking madman. he's going to change the world and make you rich along the way. the only question that needs asking is 'hmm what color of Lamborghini do i want?"

cum2soon
cum2soon

@MPmaster
Pennystocks won't lose you much.

w8t4u
w8t4u

@farquit
hint:
the answer's lime green, playa!

idontknow
idontknow

@w8t4u
No, I don't want to waste my money on a fucking car. That's how you get broke again.

Emberburn
Emberburn

@AwesomeTucker

What titles do you suggest?
Real books please, not Rich Dad Poor Dad.

TurtleCat
TurtleCat

@Emberburn
Rich Dad Poor Dad
lol
Start with Security Analysis by Ben Graham

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