Yeah, let us know how your crystal ball (and retirement) are going in another decade, dude.
We get hundreds of people that win once and post about it. 95% never return... presumably because they didn't keep winning. A few win again and come back, then disappear after a win or two... presumably when they start losing.
So the thing to remember is that you're a sort of stereotype here - someone who has (inasmuch as we can tell from the information given) wasted 30 years of their working life not contributing enough/anything to end up with plenty of money, but figures they can make it up by being magically smarter than everyone else. It's not clear to me why a track record of being bad with money convinces people they can market time - maybe it's a Dunning-Kruger thing.
Anyway, if you really want to do it right, post your trades *before you make them* and document everything. If you win over any sustained period of time, I'll freely acknowledge that you're amazing.
-W
That wasn't meant to make you or anyone feel insecure.
Intent was clearly stated to be directed at the title of this thread so there is no confusion.
I've been trading for 4-6wks now in Fidelity
Put downs concerning things you know nothing about don't belong here in an investment forum
Back to the topic. I obliged you below to provide the information regarding trades before they were made.
Clearly i cannot do this as posts on a forum since i just joined. Screenshot below has my acct # blotted out
Software allows just one or maybe more now... attachments
You can see my boo boo in the beginning where my first transaction was reversed ASAP.
Lost $ and the COVID was coming by then, already ravishing other Countries.
1st real transaction on the March 24 or 26th, 2020 (ive forgotten now, see below) t
Bought SPY on March 24-26th I believe ( see below) & traded 5 or so times since
Beginning IRA
balance is $8703.35 + Beginning ROTH balance of $508.50=
$9211.85Current Ending balance (as posted already in prior screenshot is
$10,340.44Gains as of today -
$1128.59A sworn oath taken to stay the course would've been a very bad decision for me.
So of course, I would never desire anyone religiously adhere to it.
Unprescedented times so looking to history you won't find times like this in order
to assume history will repeat itself. It cannot, this is all new and unique.
I'd never promote it yet there are others who are day traders making a living.
Not many, jmho.
All of 2019 =No brains and my plane never required needing a real pilot. Remaining on auto-pilot
To believe you have that many people coming in posting proof of their screenshots is a bit of a stretch eh? lets be honest ok
In another post, Ill post my 2nd screenshot of the transactions. please be patient. Photobucket is new for me.
TIMELINEFeb 20 2020- I rolled over my IRA & Roth IRA to CORE position
Had My First trade & only boo boo!!!
Reversed positions ASAP
lost $
Remained in CORE position for some wks
Back into SPY towards the end of March 2020
Beginning balances-
IRA- $8703.35
Roth IRA- $508.50
-------------------
$9211.85 on Feb 20th
Today's end Balance - $10,340.44 (see my prior post for screenshot)
Gain of: $1128.59
Last SPY trade was today at 4pm (1pm in New York) when I sold it (2% gain)
SPY opened at over 3% (or at least when i awoke this morning it was)
Slowly decreasing w smaller spikes up
Locked in a gain at 2.11%
SPY closed in the red.
Glad I didn't stay the course however I could see the pattern of the dipping
I didn't gain over $300 locking in at 3%
Yet happy with 2%
Honestly, a this point so wet behind the ears, this is very easy imho
Expect another mistake(s) of course... however, no worries.
Thus I cannot support the title of this thread
though do agree, overall, staying the course is the historical way to guarantee success.
The more you trade, imho, the riskier it gets.
Yet sometimes things are SO BAD, it can be risky NOT to change course