you can be a fairly conservative trader and make good money, if you have a lot of capital. I work with someone with a bigger account, and he built up that account from nothing to 7 million. He's older and gives away money, something to the amount of 500K a year, so he doesnt get hit with the death tax. my wife and I trade with him in person, and he's really conservative, and able to double his accounts in about 4-5 years........... when covid hit, I remember his accounts tanking MILLIONS <Lmaoo>. They have since recovered and then some, but still, it's scary watching the downturns.
lol sounds about right.
Musk also said don't buy spacs and I've made enough to buy his stupid car off them already this year lmao.
<Lmaoo>
it's partially my fault for relaying the news, my wife is low tech, has a hard time following twitter, so I was talking about signal with her and how many retweets Elon was getting...... of course women cant shutup, so the whole country knows by now, and next thing you know, someone has shares for 34 a pop. We dont play with anything less than $20 for the last 5 years. just run of the mill stuff like apple, carr, united health, etc. Companies that have a massive ratio of cash and conservative Beta. we do have some risky stuff like tsla, but that's for fun, and the current position is small.
must have been signal advance, because we use etrade, and when you type in "signal", that's what comes up. Most of our stocks, we dont research what the company does too well, if financials are good, as well as volume, we're in. Like I said earlier, we work with a trader, and he's got like 20 stocks to buy, we buy it on our own chart readings, we dont actually trade the same thing, because we may be all locked up or whatever, we discuss and debate trades most the time.
