$AVE-$TACK-$WING-$KALP
My 47 year journey has led me to this conclusion for my investing thesis.
The four $'s...
Always SAVE cash!!! Getting out of debt and having an emergency fund and cash to invest is the most important thing you can do! This should be about 10% of your income weekly!
Always STACK a portion of your income and NEVER sell... My 4 choices would be 70% VOO 10% PHYSICAL GOLD 10% PHYSICAL SILVER 10% PHYSICAL BITCOIN... This should be about 10% of your income weekly!
Once you have the above taken care of and can fund a SWING trading account. You can do this with 5 to 10k... (TWO ChARTs to the left). My suggestion is find 2 leveraged/inverse ETF pairs so you can switch to clean up the wash trades. Cheaper to short with inverse ETF than a margin account... My pick would be SOXL-SOXS and TMF-TMV because they are so different from your stacking fund (VOO) and highly liquid. You need totally different markets for wash sales. The semi conductors is NOT the S&P 500 even though all 30 of those companies are in the S&P. And BONDS are obviously totally different from both of those. But they both take VERY LITTLE CAPITAL. You can file to be a mark to market trader but then you never get long term tax status. But you can go back three years on taxes if you take a big hit one year... You have to make that decision but you have to trade A LOT to even qualify which I do... But have decided to deal with wash trade rules... You can swing trade the 4 hr. very easily and trade just 100 shares and make a very nice return. With just a 5k account you had 3 swing trades in 6 weeks wherein just 100 shares had the possible opportunity of 2 SOXL longs and 1 SOXS long for a total of a $3800 profit in 6 weeks. That's $650 a week... You could have DCA'd one share at a time and dipped your toe adding on the way up to get to that share count and maybe made half... Still $325 extra a week...
Then the 4th and final (S) of the four ($) TRADING PLAN... SKALP.. (RIGHT HAND MINUTE ChART) Once you have a 25k you can get a margin account. You can long and short SOXL or TMF... Or whatever liquid ETF you chose. And then skalp the 1 min ChART... I use market order hot buttons. I can generate $250+ a day with very little effort trading VERY small and frequently. 100 share min. 1000 share max. Usually adding to winners and cutting losers instantly. Once I feel I have hit my goal and have had enough staring at the screen I quit. Some days it's 5 min... Somedays I trade all day... I do find the longer I trade I could just have quit after first hr and been about the same... It takes high endurance to go for hours. Sure you can do this with futures but the fees are way higher as is the risk. I prefer 3x leverage than 1000x... You can blow up a futures account pretty fast... Also I DO NOT LIKE 24 HR MARKETS... Which is why I say just stack some small amounts of Bitcoin and don't look at the price. Same goes with PRECIOUS METALS an S&P ETF or Mutual Fund whichever you prefer... Keep stacking and never worry about price.
This is where I'll be...
Some people like the hunt of new stocks all the time. Not I... They all go up down and sideways. I prefer mastering one asset at a time.
Specializing is what hedge funds do. They hire oil traders and they know everything. Commodity etc... I am changing my asset from silver to the SOXX because commodities in ETF land come with complexities. Are not as liquid. The LEVERAGED and INVERSE ETF's come with K1's and what not... More paperwork at the end of the year. And it's hard to beat the SOXX on volatility. 90% in 20 days... I mean really...
Summary...
The 4 $'s...
SAVE CASH - STAY DEBT FREE
STACK - VOO - GOLD - SILVER - SATS
SWING LEVERAGED/INVERSE ETF's with small enough size that you can sleep holding and if you lose it won't effect your life.
SKALP LONG SIDE LEVERAGE ETF's (long and short) small frequent trades.... Never lose more than you can afford... Have a max daily risk drawdown and stop when you hit that no matter what and come back tomorrow. That should be somewhere around your daily goal. Some people say don't set them because then you trade your PNL... But for me it gives me a good balance.
CONTENTMENT IS THE MOST IMPORTANT THING! When is enough enough? Just a little more? Yeah you see how that never ends... $250 to $500 a day for me. Somewhere around there skalping is approx. a 100k a year... I am debt free. Own everything I want and more.
You have 1440 minutes a day.
You can make all the money in the world!
You can never make another minute!
Spend them wisely!
Relating with God, Family and Friends will pay better dividends than wasting your life trying to make another buck...
You need money...
You also need everything else that makes life what it is...
Yes Scalp is spelled wrong on purpose...
Anyways. Best of luck to you all!
I may start posting the ETF swing calls. Obviously can't post SKALPS...
The four $'s...
Always SAVE cash!!! Getting out of debt and having an emergency fund and cash to invest is the most important thing you can do! This should be about 10% of your income weekly!
Always STACK a portion of your income and NEVER sell... My 4 choices would be 70% VOO 10% PHYSICAL GOLD 10% PHYSICAL SILVER 10% PHYSICAL BITCOIN... This should be about 10% of your income weekly!
Once you have the above taken care of and can fund a SWING trading account. You can do this with 5 to 10k... (TWO ChARTs to the left). My suggestion is find 2 leveraged/inverse ETF pairs so you can switch to clean up the wash trades. Cheaper to short with inverse ETF than a margin account... My pick would be SOXL-SOXS and TMF-TMV because they are so different from your stacking fund (VOO) and highly liquid. You need totally different markets for wash sales. The semi conductors is NOT the S&P 500 even though all 30 of those companies are in the S&P. And BONDS are obviously totally different from both of those. But they both take VERY LITTLE CAPITAL. You can file to be a mark to market trader but then you never get long term tax status. But you can go back three years on taxes if you take a big hit one year... You have to make that decision but you have to trade A LOT to even qualify which I do... But have decided to deal with wash trade rules... You can swing trade the 4 hr. very easily and trade just 100 shares and make a very nice return. With just a 5k account you had 3 swing trades in 6 weeks wherein just 100 shares had the possible opportunity of 2 SOXL longs and 1 SOXS long for a total of a $3800 profit in 6 weeks. That's $650 a week... You could have DCA'd one share at a time and dipped your toe adding on the way up to get to that share count and maybe made half... Still $325 extra a week...
Then the 4th and final (S) of the four ($) TRADING PLAN... SKALP.. (RIGHT HAND MINUTE ChART) Once you have a 25k you can get a margin account. You can long and short SOXL or TMF... Or whatever liquid ETF you chose. And then skalp the 1 min ChART... I use market order hot buttons. I can generate $250+ a day with very little effort trading VERY small and frequently. 100 share min. 1000 share max. Usually adding to winners and cutting losers instantly. Once I feel I have hit my goal and have had enough staring at the screen I quit. Some days it's 5 min... Somedays I trade all day... I do find the longer I trade I could just have quit after first hr and been about the same... It takes high endurance to go for hours. Sure you can do this with futures but the fees are way higher as is the risk. I prefer 3x leverage than 1000x... You can blow up a futures account pretty fast... Also I DO NOT LIKE 24 HR MARKETS... Which is why I say just stack some small amounts of Bitcoin and don't look at the price. Same goes with PRECIOUS METALS an S&P ETF or Mutual Fund whichever you prefer... Keep stacking and never worry about price.
This is where I'll be...
Some people like the hunt of new stocks all the time. Not I... They all go up down and sideways. I prefer mastering one asset at a time.
Specializing is what hedge funds do. They hire oil traders and they know everything. Commodity etc... I am changing my asset from silver to the SOXX because commodities in ETF land come with complexities. Are not as liquid. The LEVERAGED and INVERSE ETF's come with K1's and what not... More paperwork at the end of the year. And it's hard to beat the SOXX on volatility. 90% in 20 days... I mean really...
Summary...
The 4 $'s...
SAVE CASH - STAY DEBT FREE
STACK - VOO - GOLD - SILVER - SATS
SWING LEVERAGED/INVERSE ETF's with small enough size that you can sleep holding and if you lose it won't effect your life.
SKALP LONG SIDE LEVERAGE ETF's (long and short) small frequent trades.... Never lose more than you can afford... Have a max daily risk drawdown and stop when you hit that no matter what and come back tomorrow. That should be somewhere around your daily goal. Some people say don't set them because then you trade your PNL... But for me it gives me a good balance.
CONTENTMENT IS THE MOST IMPORTANT THING! When is enough enough? Just a little more? Yeah you see how that never ends... $250 to $500 a day for me. Somewhere around there skalping is approx. a 100k a year... I am debt free. Own everything I want and more.
You have 1440 minutes a day.
You can make all the money in the world!
You can never make another minute!
Spend them wisely!
Relating with God, Family and Friends will pay better dividends than wasting your life trying to make another buck...
You need money...
You also need everything else that makes life what it is...
Yes Scalp is spelled wrong on purpose...
Anyways. Best of luck to you all!
I may start posting the ETF swing calls. Obviously can't post SKALPS...
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