Some Stock Market notes for myself and or other fiscally low IQ types
Dow Jones = global markets
NASDAQ = electronic exchange
You basically have to be a math major to know this stuff, either that or greedy, none of which I am, but may try to learn it here soon.
Can you please break this stuff down to like the ghetto level??
I don't know, I guess it would be like you betting that one drug dealer or street gang will do better than the other drug dealer or street gain.
Are you going to put your money in this Cartel, or that Mafia group, who will sell more product, and you get % of their profits, but if Cartel or drug dealer you invested in fails to deliver, well then you take % of loss with them...is that ghetto enough for you?
Tomorrow could be life changing for me, in that will get a call from someone in 'investor' group, they'll feel me out, I'll feel them out, and from there we'll see.
If they feel I'm 'worthy', I'd be coming in like at the most bottom level, do to limited funds, but once in, of course those funds would grow, and so would everything else.
But tomorrows conversation is key to all of that.
And keeping 'day job' as well, luckly current day jobs schedule allows me to do both, for a while anyways.
Life is a gamble.
I'm not trying to be rich, I just realize going forward, this physical labor stuff is a losing formula, I mean with all these people crossing boarder, taxes going up, inflation ect...this idea that laboring will some day pay off is a farse.
I mean if could just generate 300-500 a day or from 6 gran to 10 gran a month, I'd be very much content, and those are like bottom levels, but all my life I've been a bottom type of person, so that would suit me just fine.
I don't mean 'bed' bottom, I mean bottom as in just bad luck type of bottom.
I mean for 10 gran a month or 500 a day, could then pay cash for small recreational farm, cash, and live there, and work from there from computer and be happy with whatever remaining years I have left on this crazy dizzy Earth which man has messed up so bad.
All they can do is open the door, from there up to me to learn as much as I can as fast as I can, that's how it works pretty much, unless some soxy babe or twink that others help out simply do to your sox appeal.
Well I don't have that type of sox appeal but do have personality appeal and charm.
I just got of of a free online trading demo, and wow, trading isn't as simple as it use to be, not if want to make money anyways.
And there can be a very long learning curb, mainly tecnichal, like how to read graphs and charts and trends and up tics and long sales, short sales, and more.
And on top of all of that it costs money to join a brokerage firm, I see why now most people let others do their trading for them, but this place wants you to learn how to do it yourself.
So you may not make your first real trade for up to 3-6 months, depending on how fast you learn it all, but they let you 'practice trade'...and they are very thorough, it's a bit intimidating actually.
I feel stupid for saying I was going to make all this money, cause I'm not, and even if did go down this route, I wouldn't see a good return for a year or so, cause they believe in slow and steady.
Just don't know if I have that kind of patientts.
I bit frustrated actually, cause I spoke such a good game to the one who invited me to view open session, but I had no idea it was this complicated...sure I could learn it, but again, it would be about a year before started seeing anykind of life change, and just don't know if I can stayfocused on something that long.
I don't know, first radio, then day trader, can't make up my mind.
At least I still got money saved up and haven't made any 'rash' decision about anything yet.
But 'sitting money' can only get you so far without a plan to grow it.
I'll be attending a online 'invite only' type of session, again, where I'll have the chance to observe what 'day traders do', again, and well, not sure if it's for me or not.
Money making is for me, just not sure if this method of making money is, do to how quickly I often lose interests in things.
And for the amount I'd have to invest to get into the brokerage firm, I wouldn't really see any fiscal return for 6 months to a year.
And that's a long time for me to focus on something that's not really paying me anything at first.
Eventually it would, eventually I could retire doing this, and then some, but for the first 1-2 years, not really, or I guess depends on my ability to learn and catch on.
Cause they won't let you advance on until they feel you're competent trader, and that's the question mark...I don't know if I have the long term 'will' or 'patients' to learn this stuff.
It's like college, when younger and able to go and finish, I did not, and now that older wish that I had...well this is the same scenerio...I'm not old old yet, but am older, and I know I should do this, learn this, but to kind of lazy to, but then 3 years from now, if still here, will totally wish that I had done this cause by then really could be earning stay home pay from home, and then some.
If I don't make some kind of a change, then what?
Will I be in same spot 3 years from now, just older and more tired of the BS?
I'm going to learn how to day trade, eventually, cause I'm just tired of leaving the 'house' to go to work, I really am, there's nothing out there for me anymore....and the economy is changing, and those dependent on brick and mortar type jobs will find themselves at more and more disadvantage going forward.
This video here on 'Beginners course to day trading', will practically put you to sleep, but the information is very solid and sound
The thing about day trading is it's not exactly the soxiest way to earn money, it's not like winning the lottery, It's not like scoring a touchdown in a football field with cheering fans, no one notices when you win or lose..so it takes a different type of mindset to be a day trader.
If you're impatient type, day trading for sure will not work for you, or even me.
The Author of this day trading 'tips' manual or site, is near spot on, from what I've read they're totally telling the truth about day trading, the risks, the chances of failure, the hardware needed and more.
Some 'trading groups' want you to pay elaborate fees for 'online trading academy'...but is day trading something you can learn on your own for much cheaper?
Also, never forget, you can still day trade on a part time or recreational basis while keeping your full time job.
The thing with trading is you make your money 'quick', as in within minutes, you make your 'profit' then get out...that's the key to success in day trading...those who sink, from what I've read, are the ones who make a profit, and continue to 'play' the market, then lose it all and then some, like at a Casino....don't be that person.
To be honest with you, day trading no loner interests me...I don't think I have that type of long term discipline to learn it.
But I should, cause I've found some courses that are virtually free, rather than paying that one 'scam firm' all that money to learn...well they're not a scam, but just saying why pay 8 gran to join a trading group, if can learn for virtually free?
I'd rather use that 8 gran to 'trade with', earn with, than to just give it to some group owner just for the fun of it.
But ye, day trading takes mental discipline, like math, and I think I'm still that student in math class who just couldn't stand still long enough to grasp it.