I have ~12k I want to put into the stock market

SniperGod
SniperGod

I have ~12k I want to put into the stock market

is it feasible for me to generate a 100$ profit each day on average? obviously I wouldn't want to invest all 12k at once. im not too interested in long-term investments (unless I should be?). I'm thinking more swing trading/possibly day trades.

All urls found in this thread:

en.wikipedia.org/wiki/Renaissance_Technologies

Fuzzy_Logic
Fuzzy_Logic

and assuming i generally know what im doing w/ my trades

Dreamworx
Dreamworx

why not just bet on lepen at the french elections, or use robin hood and waltz on over to rhg and buy meme stocks

Nude_Bikergirl
Nude_Bikergirl

is it feasible for me to generate a 100$ profit each day on average
no

Garbage Can Lid
Garbage Can Lid

why not

Lord_Tryzalot
Lord_Tryzalot

$100 or 0.8% a day is 300% a year. Smartest people in the world can do it. Are you one of the smartest people in the world? If so, go for it, easy money.

Boy_vs_Girl
Boy_vs_Girl

dumbass
12,1/12=0,833% per day
0,00833^365=2065% per year

MPmaster
MPmaster

God im dumb

King_Martha
King_Martha

tech analysis indicators are decent at telling you when to buy/sell

am i being retarded?

girlDog
girlDog

yes. also 300% is unrealistic, this is the best hedgefund over a long period of time:
en.wikipedia.org/wiki/Renaissance_Technologies
impressive, but nowhere near 300%

SomethingNew
SomethingNew

I'm dumb too. What are you calculating here? I do not see where these numbers are coming from. What does 12,1/12 represent? How you you get 2065 from 0,00833^365?

cum2soon
cum2soon

/thread

a handful of people beat the market. And even those people can only get like 20% to 30% per year.

Oh and if its a recession those guys get fucked like a 2 dollar whore.

Inmate
Inmate

like for instance:

yesterday KO was @ 41.46. at that point the RSI (set at 3 days) was below 30%, indicating that the trend may change direction. when the RSI went above 70% it was at 41.69. that is a .05% return right? not exactly what i had asked for in the first place but its .05%.

what am I missing out on here?

idontknow
idontknow

he starts off with $12k and hopes to have $12,1k at the end of the day. This would mean he made 0,833% that day.
The second one i typed out wrong, it's supposed to be 1,00833^365 and basically what you make in a year, percentage-wise.

Techpill
Techpill

trading fees
hindsight bias
competing against large institutions which employ PhDs in financial mathematics and have glass-fiber internet directly to the next stock exchange

try it out on paper first.

TreeEater
TreeEater

he starts off with $12k and hopes to have $12,1k at the end of the day
Okay, that should have been obvious.
he second one i typed out wrong, it's supposed to be 1,00833^365
That was confusing.

Thanks for clearing that up. I've just started to try to learn this stuff.

Skullbone
Skullbone

hindsight bias
you say this but if you look back through KO's recent history the RSI is fairly reliable so why wouldn't it be tomorrow?

Emberfire
Emberfire

regular 300% gain

ZeroReborn
ZeroReborn

The fact that you think this even possible makes me realize you have no idea what you are doing and probably never traded real or paper money in your life. Just go to the casino. That's the best strat for you.

girlDog
girlDog

Stick with the simulators and see how that plays out for you bud :^)

likme
likme

the last 4/5 coinlips were heads, surely the chance of head is 4/5! You are either extremely lucky or you can see the future if you want 300% over any significant period.

JunkTop
JunkTop

the minimum for day trading is 25k.

google "pattern day trading"

Nude_Bikergirl
Nude_Bikergirl

the minimum for day trading is 25k
no, what shitty nigerian broker told you this

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