Best tips to become a sovereign Investor?

[Bishop]

Rather than working 6 months for 2.8k euros, I'd like to invest a part of my money I get from my student job into the stock market to get like, you know, more money.

Unfortunately I know dogs hit.
Does anyone have good tips and tricks to learn about stocks and becoming a good Investor?

 

[Deleted member 1476]

it’s definitely not easy money so learn the ropes and do your research, i wouldn’t have the patience or intelligence for trading

 

[BigBiceps]

Investing a few grand won't make you rich, unless you discover something like next bitcoin. Start a business if you want to make money.

 

[Captain_Collagen]

Investing a few grand won't make you rich, unless you discover something like next bitcoin. Start a business if you want to make money.

This tbh

Trading is a meme unless you already have money or you're exceptionally skilled. Starting a business is the only real way to make a lot of money then use the market to protect and grow the money you've made

 

[Deleted member 7098]

i work in finance.
day-trading just isn‘t a thing anymore. anyone who tells you otherwise or wants to sell you a course on it is full of shit.

you are competing against billion-dollar Banks and their AIs that are specifically build to capitalize on the smallest arbitrage options available within millisecond of them appearing. also broker-fees will fuck you good.

as bicep said, if you start with low amount of money, 10% return per year will never make you rich. you are better off blowing thousands of dollars on starting new business until one succeeds.

 

[KrissKross]

i work in finance.
day-trading just isn‘t a thing anymore. anyone who tells you otherwise or wants to sell you a course on it is full of shit.

you are competing against billion-dollar Banks and their AIs that are specifically build to capitalize on the smallest arbitrage options available within millisecond of them appearing. also broker-fees will fuck you good.

as bicep said, if you start with low amount of money, 10% return per year will never make you rich. you are better off blowing thousands of dollars on starting new business until one succeeds.

Can you elaborate on why day trading is no longer viable?

 

[Deleted member 5292]

Can you elaborate on why day trading is no longer viable?

Basically because you have to compete with renaissance technologies and similar companies. Your chances of beating them is cero. I also work in finance (and i am about to get a phd in statistics) and what this guy tells you is 100% correct.
There still good crypto opportunities because those companies are not yet fully interested in this market. One of them is Silliqa, which has a 1000 better technology than ethereum and righ now is going up like crazy.

 

[bonesoverblood]

i work in finance.
day-trading just isn‘t a thing anymore. anyone who tells you otherwise or wants to sell you a course on it is full of shit.

you are competing against billion-dollar Banks and their AIs that are specifically build to capitalize on the smallest arbitrage options available within millisecond of them appearing. also broker-fees will fuck you good.

as bicep said, if you start with low amount of money, 10% return per year will never make you rich. you are better off blowing thousands of dollars on starting new business until one succeeds.

It's still thing you just can't be sub 130 IQ anymore.

Plus, you can create your own algorithm trading bot yourself for sub 30,000

 

[Deleted member 5292]

It's still thing you just can't be sub 130 IQ anymore.

Plus, you can create your own algorithm trading bot yourself for sub 30,000

Its not about iq. Its about knowledge. If you compete against rentech, you compete against 300-400 phds in stem working to destroy you with the best computers in the world. They have been doing this since the late 80s early 90s. Unless you are a guy like peter carr or marco avellaneda you dont have a chance of systematically beating them.you might get luck here and there tho, but on the long term you lose.

 

[bonesoverblood]

Its not about iq. Its about knowledge. If you compete against rentech, you compete against 300-400 phds in stem working to destroy you with the best computers in the world. They have been doing this since the late 80s early 90s. Unless you are a guy like peter carr or marco avellaneda you dont have a chance of systematically beating them.you might get luck here and there tho, but on the long term you lose.

They create algorithms based on logarithmic scales, and price change. They barely have any idea what they are doing.

Algo trading is profitable, because the exchange pays them for liquidity, not because they have some revolutionary stock prediction system.

If anything, they amplify existing stock trading truths, like market cycle and panic.

This amplification also comes with increased frequency. So black swan events that would usually happen once a month, happen multiple times a day now.

All of this actually makes it easy for the retail investor to make money. Because it turns the stock market into a casino.

 

[Deleted member 5292]

They create algorithms based on logarithmic scales, and price change. They barely have any idea what they are doing.

Algo trading is profitable, because the exchange pays them for liquidity, not because they have some revolutionary stock prediction system.

If anything, they amplify existing stock trading truths, like market cycle and panic.

This amplification also comes with increased frequency. So black swan events that would usually happen once a month, happen multiple times a day now.

All of this actually makes it easy for the retail investor to make money. Because it turns the stock market into a casino.

 

[Deleted member 7098]

lmao if he dude above you really believes in what he's saying.

@bonesoverblood if you think it is that easy build a "bot" make one that even gets 1% consistent profit. you'll be able to sell it for tens of millions of dollars

 

[Deleted member 6873]

Yeah i'd rather have fun and die at 45 surrounded by coke and stacies than slave away till im 70 in some horrible cubicle

 

[bonesoverblood]

lmao if he dude above you really believes in what he's saying.

@bonesoverblood if you think it is that easy build a "bot" make one that even gets 1% consistent profit. you'll be able to sell it for tens of millions of dollars

It's funny because both of you have no clue about the industry you are talking about.

There are already traders who have done this, publicly. It's not that hard.



You 120s need to stay in your lane, and out the markets. You have no idea what you're dealing with.

 

[bonesoverblood]

lmao if he dude above you really believes in what he's saying.

@bonesoverblood if you think it is that easy build a "bot" make one that even gets 1% consistent profit. you'll be able to sell it for tens of millions of dollars

Also, 1% is chicken shit, when current market conditions allow for 100%-200% gains easily, without leverage, margin, or options.

Old man economics, seriously you need to educate yourself.

 

[Deleted member 5292]

lmao if he dude above you really believes in what he's saying.

@bonesoverblood if you think it is that easy build a "bot" make one that even gets 1% consistent profit. you'll be able to sell it for tens of millions of dollars

I think we shouldnt talk to this phaggot anymore. He believes some random guy on internet knows more about the market than simmons and company..

 

[Deleted member 5292]

It's funny because both of you have no clue about the industry you are talking about.

There are already traders who have done this, publicly. It's not that hard.



You 120s need to stay in your lane, and out the markets. You have no idea what you're dealing with.

I iq mog you by 11 points. And i have a masters in quant finance.

 

[Deleted member 5292]

You are a meme boy. Show me your profits and your trades and your lambo...

 

[bonesoverblood]

They don't. They are swimming north to Antarctica. If they actually knew how to trade, they would've surpassed the 100% profit limit, annually.

These companies have investors and old man share holders, with fixed ideas on what a good trader should look like.

They don't risks, nor do they allow for it to even happen.

The purpose of these companies, is mainly to sell to the average retail Investor.

They make more money selling their bullshit Algo System, then they do from actually trades.

Legitimate ponzi scheme material

 

[bonesoverblood]

You are a meme boy. Show me your profits and your trades and your lambo...

I've actually posted my percentage gains before, and that month was 300%+ alone.

 

[Deleted member 7098]

It's funny because both of you have no clue about the industry you are talking about.

There are already traders who have done this, publicly. It's not that hard.



You 120s need to stay in your lane, and out the markets. You have no idea what you're dealing with.

you have to be fucking retarded and/or on some spectrum.
the dude doesn't show a brockers statement or anything to validate his claims, all talk no walk.

AND THE FIRST FUCKING LINK IN HIS DESCRIPTION IS HIS COURSE WEBSITE, you fucking moron.

 

[Deleted member 5292]

Tales from he basement. Post it here.

 

[bonesoverblood]

I iq mog you by 11 points. And i have a masters in quant finance.

You have a masters, good luck paying off that debt.

But seriously, if you want to say something, back it up with some bite.

Go out there and out perform high level day traders, I encourage you to do so. Otherwise you're just all talk

 

[bonesoverblood]

you have to be fucking retarded and/or on some spectrum.
the dude doesn't show a brockers statement or anything to validate his claims, all talk no walk.

AND THE FIRST FUCKING LINK IN HIS DESCRIPTION IS HIS COURSE WEBSITE, you fucking moron.

View attachment 462999

I posted it because all you need is python and access to TD Ameritrade.

If he can make a 1% per day bot, I highly doubt more is improbable.

 

[Deleted member 5292]

You have a masters, good luck paying off that debt.

But seriously, if you want to say something, back it up with some bite.

Go out there and out perform high level day traders, I encourage you to do so. Otherwise you're just all talk

I dont have student debt. I got a scholarship because i graduated summa cum laude in every degree.
I had very nice cripto profits, thats why i can live in a nice apartment in europe while earning only 1k per month with a phd student salary. I wont bother to post it here because i dont make your claims about 300% profits. In my case its enough to live fairly well and finish my phd.

 

[Deleted member 7098]

I've actually posted my percentage gains before, and that month was 300%+ alone.

#1 that's why we state annual returns instead of daily/monthly, because they don't matter in the long run.

and since you don't seem to care about risk diversification or beta-factors of your investments you could just go to the casino, same outcome if you don't care about risk

also done talking to this "python to beat renaissance technologies" probably unemployed and uneducated autist with no job prospects in his life.

 

[Deleted member 5292]

I posted it because all you need is python and access to TD Ameritrade.

If he can make a 1% per day bot, I highly doubt more is improbable.

Ok buddy, enjoy your imaginary lambo

 

[bonesoverblood]

I dont have student debt. I got a scholarship because i graduated summa cum laude in every degree.
I had very nice cripto profits, thats why i can live in a nice apartment in europe while earning only 1k per month with a phd student salary. I wont bother to post it here because i dont make your claims about 300% profits. In my case its enough to live fairly well and finish my phd.

This was my march shitpost lol

https://looksmax.org/threads/making-bank-off-these-cv-stocks-haha.114626/

 

[Deleted member 5292]

This was my march shitpost lol

https://looksmax.org/threads/making-bank-off-these-cv-stocks-haha.114626/

Thats not a proof. Show your account balance and your name on it.

 

[bonesoverblood]

Thats not a proof. Show your account balance and your name on it.

I cut out my balance on purpose. Why would I give my full name and balance on public psl forum. I don't want people to know I post here lol. I'm not an idiot.

 

[bonesoverblood]

Ok buddy, enjoy your imaginary lambo

Whatever you say boyo

 

[Deleted member 7098]

I cut out my balance on purpose. Why would I give my full name and balance on public psl forum. I don't want people to know I post here lol. I'm not an idiot.

because you make dumb claims of making 300% monthly returns that you can't otherwise validate. that's why you should post it.

or make a thread today listing your investmented assets and we will see where they are in a months time, charlatan.

 

[bonesoverblood]

#1 that's why we state annual returns instead of daily/monthly, because they don't matter in the long run.

and since you don't seem to care about risk diversification or beta-factors of your investments you could just go to the casino, same outcome if you don't care about risk

also done talking to this "python to beat renaissance technologies" probably unemployed and uneducated autist with no job prospects in his life.

Diversification is for pussies, and always will be

 

[Deleted member 5292]

This g

because you make dumb claims of making 300% monthly returns that you can't otherwise validate. that's why you should post it.

or make a thread today listing your investmented assets and we will see where they are in a months time, charlatan.

This guy is a scammer. He should be banned.

 

[bonesoverblood]

because you make dumb claims of making 300% monthly returns that you can't otherwise validate. that's why you should post it.

or make a thread today listing your investmented assets and we will see where they are in a months time, charlatan.

I mean I can, that's why I make posts on them. But I don't have to really "prove" my self to anyone, because I know that it's real.

If you don't believe me, ok great. But it's not something I'm going to be concerned about, to the point of doxing who I am.

 

[Deleted member 7098]

Diversification is for pussies, and always will be

and i guess you can't read.
post your invested assets as of today, your couple stocks, if you don't believe in diversification and let us see where prices are in 30 days.
No one is going to snipe your stock picks on an incel forum, so don't be a bitch.

 

[bonesoverblood]

This g

This guy is a scammer. He should be banned.

How am I a scammer, I literally just posted my return once. I don't even sell anything, or have any incentive to do so.

 

[bonesoverblood]

This g

This guy is a scammer. He should be banned.

I feel like this is some kind of denial, and I've met your kind before. Just know that trying to invalidate others accomplishments, doesn't make you bigger.

It just makes you look smaller and weaker.

 

[Deleted member 7098]

How am I a scammer, I literally just posted my return once. I don't even sell anything, or have any incentive to do so.

you make dumb claims of wealth for internet validation because you have nothing going for you in life. it has to be like that if you smirk at someone smart enough to get a statistics phd and say "enjoy your student debt"

 

[Deleted member 7098]

I feel like this is some kind of denial, and I've met your kind before. Just know that trying to invalidate others accomplishments, doesn't make you bigger.

It just makes you look smaller and weaker.

proof your "accomplishments".
what assets are you invested in today and we will see how prices are in a month. it's as easy as that. no name, no account balance, nothing.

but you wouldn't do it because you're full of shit and will come up with some stupid excuse, legit pathetic

 

[bonesoverblood]

and i guess you can't read.
post your invested assets as of today, your couple stocks, if you don't believe in diversification and let us see where prices are in 30 days.
No one is going to snipe your stock picks on an incel forum, so don't be a bitch.

I mean you could have just said:

"Hey idk if I believe you or not, but I'm slightly interested in knowing if you really understands what you're talking about."

But I understand the ego. Just hit me up or dm me. I'm open to helping people actually trade. No I'm not a scammer, I genuinely like to help people, but I rarely do.

I can send some picks your way, privately, and you'll see how they do.

Unless you goal is public and forum theater, then no.

 

[bonesoverblood]

you make dumb claims of wealth for internet validation because you have nothing going for you in life. it has to be like that if you smirk at someone smart enough to get a statistics phd and say "enjoy your student debt"

You don't know anything about me irl, or who I actually am.

I do smirk, because college is one of the most cucked programs in western society.

99% of successful individuals, leave college, because of the time drain and cost. It makes no financial sense. Why would some intelligent businesses owner stay in college and waste time, go into 100k in debt, gaining ZERO experience, when they could make 20-85k a month creating an account business.

College is good for scientific professions, but not for business. If they really knew how to run a successful company, or become a profitable investor, they wouldn't be there. They are there to collect their high salary and lead you nowhere fast.

 

[Deleted member 5292]

How am I a scammer, I literally just posted my return once. I don't even sell anything, or have any incentive to do so.

Yes you have an incentive to sell something. I can smell that. You wont do it now, but you ll try it in the future. I ve seen this kind of guys plenty of times. Its usually a quite well set up scam.

 

[Deleted member 5292]

You don't know anything about me irl, or who I actually am.

I do smirk, because college is one of the most cucked programs in western society.

99% of successful individuals, leave college, because of the time drain and cost. It makes no financial sense. Why would some intelligent businesses owner stay in college and waste time, go into 100k in debt, gaining ZERO experience, when they could make 20-85k a month creating an account business.

College is good for scientific professions, but not for business. If they really knew how to run a successful company, or become a profitable investor, they wouldn't be there. They are there to collect their high salary and lead you nowhere fast.

I have zero debt. Are you retarded or what?

 

[bonesoverblood]

Yes you have an incentive to sell something. I can smell that. You wont do it now, but you ll try it in the future. I ve seen this kind of guys plenty of times. Its usually a quite well set up scam.

I don't need money. Especially from strangers from the internet.

 

[Deleted member 5292]

I don't need money. Especially from strangers from the internet.

So you need validation? That makes you weak and small bro..

 

[bonesoverblood]

Yes you have an incentive to sell something. I can smell that. You wont do it now, but you ll try it in the future. I ve seen this kind of guys plenty of times. Its usually a quite well set up scam.

What could I possibly sell?

The reason I am a trader, is because i hate working with other people, and selling some bullshit product.

Selling some bullshit course would go against my entire philosophy on life. I fucking hate the idea of pandering to some low IQ consumer.

 

[Deleted member 5292]

What could I possibly sell?

The reason I am a trader, is because i hate working with other people, and selling some bullshit product.

Selling some bullshit course would go against my entire philosophy on life. I fucking hate the idea of pandering to some low IQ consumer.

So basically you come here and say u earn 300% montly return and we have to believe you because you posted some random graph without any additional information?

 

[Deleted member 5292]

Also did you believe that using the word "logaritmic" at the beginning of the thread would impress somebody ? Thats some really low iq idea..

 

[bonesoverblood]

So you need validation? That makes you weak and small bro..

You don't understand my motives, or why I do things.

This forum is a self improvement forum on steroids. I post my achievements to invite discussion, inspire members, etc.

I actually like this site.

We do not think the same. The reason this site is different is because of its inherent sense of selflessness information sharing, and sense of belonging and community.

I doubt you understand the need to contribute anything to that. Especially if you aren't apart of it.