Thread 60726890

>realized I’m a midwit
>can’t daytrade, can’t stock pick,

Should I just buy and hold QQQ, BTC, VTI, SCHD, and keep cash for dips? Everytime I make money stockpicking it’s pure luck. For example, I made $500 off the OPEN meme rally, but in order to do that I had to monitor the stock constantly all day. When I got to 100% profit I sold. I did the same thing with wolfspeed, but again, pure luck. I don’t want to stare and monitor shit constantly all day to make outsized gains.

I make 85k a year and I can easily save 50% of it. I don’t have what it takes to make it, just to do well I guess

Ignore posters
> The 90-90-90 rule in trading refers to the observation that 90% of new traders lose 90% of their trading capital within the first 90 days of opening a trading account.

On top of that 97% of all day traders lose all their money within 1 year
Last 2-3% quit within 1-2 years
Only a very small percentage of traders are successful and don’t quit

You are extremely likely to lose money if not LUCKY or if you don’t have insider trading
Most people here won’t chalk their success up to luck and pure guts
For every success story you hear, you don’t hear the 100 failures

Invest lump sums in stocks and ETFs that you listed
Studies are on your side
Reality is on your side
Let compounding do the work for you buddy

> Studies show that lump-sum investing tends to outperform dollar-cost averaging in most historical market scenarios. >Mutual Wealth Management found that investing a lump sum outperformed dollar-cost averaging 75% of the time for a 100% stock portfolio, 80% of the time for a 60-40 stock-bond portfolio, and 90% of the time for a 100% fixed-income portfolio.
>Similarly, a study cited in a article noted that lump-sum investing outperformed dollar-cost averaging 75% of the time for a 100% stock portfolio and 90% of the time for a 100% bond portfolio.
>A 2021 Northwestern Mutual Life study indicated that investing a lump sum generally outperforms dollar-cost averaging over various periods of time. >Additionally, a study by Vanguard found that lump-sum investing led to greater portfolio values approximately two-thirds of the time.

You will not lose your money and if you do it was in the cards due to a total collapse of the system
Just pure timing
Not your trading abilities

1/2

>>60726931
>>60726890 (OP)
"The stock market is a device for transferring money from the impatient to the patient,"

- Warren Buffet

After losing a significant amount of money in the South Sea Bubble stock market crash in 1720, Newton reportedly said:
"I can calculate the movement of the stars, but not the madness of men."

He was infinitely smarter than you
Take his lesson and make it your own before you lose everything as well

>>60726931
So if I made 100 trades and made money on 95, only lost on 5, and overall was way up...I should keep going or quit while I'm ahead?

>>60726942
>best case scenario
>newtons friends went all in at $120
>sold at $480
>4x
>rich
excuse me? unless there were options or they stockpiled a quarter of a lifetimes wealth, how did they get rich from a 4x?

>>60726890 (OP)
YOU HAVE WHAT IT TAKES TO BECOME A GOD TRADER

>>60727281
$480 is the equivalent of 140k in USD
The cost of living is different in their time
The purchasing power was insanely high

Are you daft?

> Isaac Newton's average annual income as Master of the Royal Mint was about £1,650 per year, and at times he earned close to £2,000 annually from the Mint alone.
>He also had additional income from his estates and investments. By early 18th-century standards, this placed him well within the top 1% of earners, making him a very wealthy man for his time

>>60727119
Do whatever the fuck you want, I ain’t your daddy nigga
You statistically will lose your money though
If you want to keep going, go ahead

>>60727281
> Early in the year, he bought shares at about £100 each, eventually accumulating holdings worth around £13,000 in 1720 currency, which would be roughly equivalent to £2 million today. Initially, Newton was cautious and had much of his money in government bonds, but he also owned shares in large companies, including the South Sea Company.
In April 1720, Newton sold much of his South Sea stock, making a profit of roughly £7,000, but later in June, he reversed course and bought back large amounts of South Sea shares at prices ranging from £700 to £1,000 per share. He invested nearly his entire fortune into South Sea stock during this period, only to suffer heavy losses when the bubble burst in September 1720. Reportedly, he lost about £20,000, translating to several million dollars in modern terms and virtually wiped out his previous gains from the investment.

20k Euros

> The £20,000 loss Isaac Newton suffered in the South Sea Bubble of 1720 translates to about £268 million in present-day value, roughly equivalent to several hundred million US dollars today

He lost hundreds of millions according to AI

>>60726890 (OP)
Buy short term treasury bonds/bills until you figure out how to trade.
>I made money on a penny stock by sheer luck
because it was, stay away from those and only do large caps
Buying ETFs etc. still requires understanding the correct timing for entry and exit.
There is no do nothing and get substantial returns solution.

Fsdax, fncl, futy

>>60726890 (OP)
>QQQ, BTC, VTI, SCHD
yeah if you dca into these you can come back and laugh at people trying to daytrade while your stack has 2 or 3xed. it really is that easy, if you have the discipline to keep buying and not panic when everything is down 30%