Do you think daytrading is a good idea If you have money to play with?

[Deleted]

I got offered a large sum of money to trade with If i wanted to, by a relative who liked my views. He Said that he would be Willing to offer it to me as a start If i was serious and that i could take 90% of the profits but that If i would lose all the money i need to pay it back but without any interest.

Considering 90% of traders lose money the first year this might be a stupid deal to take but then again it could be great in other ways.

Tl:dr is trading someone else money for a majority cut worthwhile?

 

[UglyGod360]

Nope

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[Deleted]

Nope

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Yeah i told him i currently Don’t have the knowledge in that area so can’t accept the offer atleast for now.

 

[Hero of the Imperium]

Absolutely not, unless you are a super forecaster and can dedicate the time and energy

Alternatively, social and charisma max into successful day trader circles and know when they make moves

 

[Deleted member 21676]

No you’ll end up posting loss porn on wallstreetbets

 

[Stopping@Nothing19]

if you know what your doing and know when to stop throwing money sure

 

[lungisani]

Nope. It's ineffective and a waste of time.

 

[Deleted]

if you know what your doing and know when to stop throwing money sure

Brutal i remember depositing to $120 at csgo gambling from nothing and then putting it make in and gambling it away at 12 years old.

 

[Hero of the Imperium]

How to know if you are a super forecaster, or on the spectrum to one?

This is a Dunning Kruger problem, although there’s no record like winning.

But I would venture that if you are very good at 1) physics 2) reading comprehension (author intent, theory of mind), you will have good starting chops

 

[AlexBrown84]

I used to do it a few months ago with my margin account trading leveraged nasdaq funds. Was able to make $700 everyday pretty consistently but stopped cuz I live in asia and don’t want to stay up staring at screen. Also I would lose some money sometimes like $200 a day but still made more than I lost.

 

[PURE ARYAN GENETICS]

you can open a pretend account, make trades with pretend money and see for urself

 

[Wallenberg]

No

 

[sloopnoob]

I used to do it a few months ago with my margin account trading leveraged nasdaq funds. Was able to make $700 everyday pretty consistently but stopped cuz I live in asia and don’t want to stay up staring at screen. Also I would lose some money sometimes like $200 a day but still made more than I lost.

indices are better to trade than fx pairs or individual stocks. dow jones is great, no lack of opportunity during the ny session

 

[HGHABUSER1122221]

indices are better to trade than fx pairs or individual stocks. dow jones is great, no lack of opportunity during the ny session

DM me.