My wife has been getting into daytrading, and she has this monitor set up with all these chart and dials and graphs, and today she referred to it as her "great big cockpit" and I saved my marriage by not making any jokes.
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I see big investors constantly manipulating the markets for a quick money grab. Pumping and dumping. They can make the market react with large buys and sells, while hedging. Always someone with a scam.
Beware. My hubby lost his ass doing that. All the research in the world won’t help with their algorithms. He got locked up and they wouldn’t let him sell. Those apps have their own settings to protect themselves not the consumer.
(for real tho, yes, you cannot win. Former colleague of mine worked building software for an investment bank/broker - they ALWAYS have an opportunity to buy in front of you. You cannot "win" big by design)
😬 She is gambling, with random fluctuations of the market as the cards/dice/wheel. I hope she is only gambling money both of you can afford too lose. 😧
A tiny percentage of professional portfolio managers actually beat the market. To succeed, you have to get lucky twice: once when you buy and then again when you sell.
Don't try to beat the market, BE the market.
Own it all and enjoy the ride. #Bogleheads
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🤣
Day-trading? Good luck. 😒
Does she use Fidelity or another platform? I considered getting another monitor for my summer day trading.
Unrelated, if I add our PS5 to my cockpit, does playing Madden count as work?
I did this by day trading on my Dell Pentium computer using my Charles Schwab account.
I did this while starting up my IT Consulting firm.
(for real tho, yes, you cannot win. Former colleague of mine worked building software for an investment bank/broker - they ALWAYS have an opportunity to buy in front of you. You cannot "win" big by design)
And you passed.
Oh the restraint.
Don't try to beat the market, BE the market.
Own it all and enjoy the ride. #Bogleheads
https://www.bogleheads.org/wiki/Three-fund_portfolio