As long as you *fully* realize you might have a friend telling you about their wins and not their losses? A gambler will tell you when they won $4000 but not that they lost $6000 a few months earlier. This is very common. Also, if a gambler admits they lost $2000, you will find out in actuality that it was closer to $8000. Day trading is far, far more like gambling than it is investing. Pearls of wisdom from a day trader source should always be taken with a huge chunk of rock salt.
I was speculating rather than jumping head first into the whole idea lol. I know there are gives and takes to this all, and I'm still trying to ingest it all. Its just that the more and more money I pump into my VTSAX fund, and have the distributions, if any, returned to buying more of the stock, and with the market always doing its thing, I find it hard to retire on that.
Again, let me clarify the work on the TSP trading. Its moving between the G fund and the S fund. Goal is to make an average return of 4 percent a month or 4 percent a quarter, whichever timing shows to be the best. So average of 3 months, selling when highest peak, and buying when lowest. I currently have all my earnings in the G fund, about 12k.
When the market dips again, all I do is, depending on tspcenter community advice and watching the Dow Jones Total Stock Market US Completion Index, (or DWCPF) I can push the funds into the opposite S fund at its lowest, and increase my buying potential for when it peaks again. If I miss the trade date trend, then all it becomes is holding till when it balances again, and redoing the cycle.
I've already made a 3% increase from merely trading last month before July 4th. I put 50/50 into the two funds, and then pushed everything today into my G fund. If I made the trade a day earlier, I would have had the 4% minimum return and would have been fine otherwise.