Quote:
Originally Posted by incredibleworkethic
That I'm going to lose all my money because it went public the other day, they're going to drive the prices down.
This guy is smart though, we make good money at our full time gigs so he's had investment money for many years. Recently, he's invested $70k in Amazon for two days and made $2500 off selling at the right time.
Do you think his mind is geared towards quick sells versus hype and long term bitcoin rallying?
Or is he onto something?
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Quote:
Originally Posted by KlenTelaris
I am not impressed with 4% ROI  |
Quote:
Originally Posted by KlenTelaris
Well, he mentioned how he did it in 2 days, so i guess that's normal for stock trading to have such roi.
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Quote:
Originally Posted by incredibleworkethic
He invested a lot to multiply small gains from a slow moving stock. It's not like bitcoin where each "share" or coin goes up by hundreds a day.
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This ^^^^
For many years -> when using a combination of historical charting, watching trends and the paying attention to announcements in the news all made sense, I was trading EUR/USD currencies ninja style on a 5000 EUR FX account. Nothing was held for short or long term. As soon as I saw a net gain of 1-2-3 PIPs, I was making the transaction. Going on memory the typical gain was 40-120 USD each transaction. I repeated that multiple times a day. The goal was to close a lot more transactions with a gain than a loss.