it did when I wanted to make a rhyme...
I could have said
it's almost two in the morning & I really want some burritos.
Man I'm becoming more of a [unimaginative racial slur] every year but I thought that might be too offensive
Artist in various media (mostly traditional), craftsman & general DIYer. I make no guarantee of regular posting--work will go up as circumstances permit.
Pablo ''Neckbone'' Washington
@ShadenLines
Volkswagen Beetle
DIYer
various/school of hard knocks
under your kitchen sink
Joined on 2/20/23
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Comments
If you had, it would've been funnier.
there is something i want to ask you about investment, do you do stock picking? Or only invest through etfs? I'm asking cuz when it comes to invest in brazil we basically only do stock picking (don't buy brazilian etfs, while you americans mostly don't do stock picking and prefer to buy american etfs). If you do, can you talk about the stocks you have an eye on? Sometime ago i was thinking about an american stock that would do like a brazilian one do, go up and down, up and down and pay a good % of dividends
No, I don't. Stock picking is quite risky...you can never really tell what most individual stocks will do in the near future. If I _had_ to pick stocks I'd go by sectors first, & then do a buttload of research on the largest & best midcap companies that have shares on the exchanges. Those that appear to be in the best positions are what I would buy.
I don't know how it is in Brazil, but up here ETFs just make it much easier overall. Buying a lot of one stock is a classic example of "putting all your eggs in one basket". If something happens to the basket, you're SOL. Spread your money into a bunch of stocks in a given sector or industry, & you will be less vulnerable to short-term swings in any particular stock. Stock picking is for day traders & swing traders, basically...ETFs are for people who buy & hold for the long run.
@ShadenLines yo my friend, pretty conservative, that's cool. Even though i prefer to try to risk so i could get a bit more and i spend a lot of time working in the computer so i can listen to a lot of videos about what going on in the corporations, so like that i can get some swing trades right, swing party can be a bit fun, but they can be very nasty
Why not? At one time I had more appetite for risk too...when people get older & have accumulated some assets, they usually play it safe a bit more. Putting everything you have on the next turn of the cards is much easier when you don't have much to start with, & when there's enough loot in the pot so that it makes sense to play.
A few other things to know:
1. It is VERY hard to trade profitably. We're talking "god mode" difficulty here. Most would-be traders don't last long. It's been estimated that ~75% of traders who _stay_ in the game don't make enough profit for it to he worth their while. Go to any online forum & inevitably, a few guys will admit to blowing up their accounts at least once (& often several times). A %age of them are gambling addicts, basically...the only difference is those guys feed their habits with stock trades instead of video poker or shooting dice.
2. Because the learning for trading stocks (or any fluctuating asset) is steep, start with plenty of funds. I'd go with no less than $700...$800 or even 1K if I could swing it. This should be money you can afford to lose. If you can't afford that then don't sign up. Seriously.
3. Do not expect to pull in enough money to pay your bills; that won't happen for a while.
4. Every time a stock is bought or sold, someone wins money & someone loses it. It's a zero-sum game. The second you open your trading app you are competing against a TON of other people. Some of 'em are "institutional traders"--they're working for firms, not trading on their own. Don't ever log on thinking you're the smartest guy in the room, because you are not. Institutional traders, in particular, are some of the brightest minds you'll ever encounter. Go up against those guys & you will get shot down in flames, guaranteed.
5. Having said that, if you want to trade successfully then the greatest enemy you must overcome is...you. Yes, you. You gotta know when to sell a stock, when to buy, when to hold onto it & let it run. This is way more difficult than it sounds, because it is psychologically taxing. Being a trader requires you to behave in ways that average people don't. If you're an excitable guy, if you panic easily or have a tough time controlling your emotions, then don't sign up. Seriously.
6. If after reading the above you still want to trade, do your research first. YT vids can be good but there's also a ton of bullshit on YouTube. You'll need to do some reading...a lot of reading, actually. There's a forum called r/trading on Reddit; go there & take the posts with a few grains of salt, & you should be on your way. (Their reading list is a must-see)
@ShadenLines yo, my friend ,thanks for the heads up. When we get older we get more conservative and less open to take risks, we take the smarter decisions. I just have a smaller part to take a risk and do swing trades, i have been doing some those last months, swing trade is not that hard as day trade, swing trade if you choose a good stock you'll just have to wait unti you get at least a bit of money on it, you basically lose money if you're not patient enough to wait. And never do anything leveraged, that's important too
About the addictions, thank God i can deal with addictions pretty good (with exception of big tits), i have been drinking alcohol since the age of 14 and only got drunk 3 times at life, by the other hand i started watching porn at the age of 11 and only at the age of 20 i started to think "maybe that thing it's not good for me"
I'll take a look at reddit stuff, but day trade is not on my plans, i may try it just for the experience like i tried many things before even bet on snooker and soccer matches, but that sucks and i see a lot of it in day trade so i really don't believe it
S3C
It's almost two in the morning & I really want some chocolate.
Man...I'm becoming more of a chick every year.
ShadenLines (Updated )
When did wanting some chocolate become a chick thing??
Also it was 0222 hrs when you replied