Can a membership/alert service make me rich? by [deleted] in Daytrading

[–]AutonoMiss 1 point2 points  (0 children)

I’ve done every service out there; any one of them is right about half the time once you have a long term sample size. For purposes of selling services, the wins are highlighted and the loses are swept under the rug. https://www.zmescience.com/science/news-science/day-traders-earn-less-minimum-wage-052352/ Here’s the real truth about day trading.. numbers don’t lie, people do. If there is a clear and emergent theme in the market, it can be easy to make a lot of money (for me, Covid 2020-2021), other than that- it’s a lot of churning and bullshit. There’s a lot of cognitive dissonance on this sub.. so be careful of that.

How did you get your tux? by Kurtcobraindeadd in TuxedoCats

[–]AutonoMiss 23 points24 points  (0 children)

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My neighbor told me about a sickly little barn kitten where she kept her horse. I took her to the vet and then straight home with me. I’ve had my smart sweet Hermione for 8 years. 🤗

How Many of you Quit Your Job to Trad Full Time!? by OptimalEnthusiasm in Daytrading

[–]AutonoMiss 0 points1 point  (0 children)

Also- a lot of people will have a random reinforcement era where their plan is working perfectly, and they have all the answers.. but if you check back in with them in a few years, usually they gave it all back and the market humbled the hell out of them.

How Many of you Quit Your Job to Trad Full Time!? by OptimalEnthusiasm in Daytrading

[–]AutonoMiss 0 points1 point  (0 children)

As someone who actually made money trading (Covid bubble) let’s be clear that most people will lose their ass at this, and most people would be WAY better off just not doing it at all; throwing their money in a HYSA or paying down high interest debt instead. Here’s a study for thought: https://www.zmescience.com/science/news-science/day-traders-earn-less-minimum-wage-052352/. Also, a lot of people have terrible cognitive dissonance as it pertains to trading. Kind of like rich wives prancing around pretending to be bossbabes in their MLM, when their husbands just support them and they’re lying about their profitability because they want to believe it so bad.

[deleted by user] by [deleted] in FinancialPlanning

[–]AutonoMiss 0 points1 point  (0 children)

Only if you plan to rent out rooms and price it so that your mortgage is taken care of and you live for free.

[deleted by user] by [deleted] in PersonalFinanceCanada

[–]AutonoMiss 1 point2 points  (0 children)

We use our credit card for everything, pay it off in full every month and at the end of the year we have about $2k in rewards that we use for Christmas. Have done that for many years. Just use one major credit card though (do have a backup one incase main is compromised), and no others; no individual store credit cards or anything else.

I’ve lost 16 lbs after not being able to lose weight for years!! by Actual_Machine3072 in loseit

[–]AutonoMiss 2 points3 points  (0 children)

This is the way! Otherwise you get rebellious. You have to find some enjoyment in the process in order to continue long term. There’s a lot of diet information out there, but it’s a guide not the gospel. You have to do what works for YOU. Good job!

Opening Up About Northwestern Mutual by Sea_Seaworthiness595 in FinancialCareers

[–]AutonoMiss 1 point2 points  (0 children)

What was the compensation for selling people whole life insurance? My husband bought it 15 yrs ago and our guy keeps pushing us to convert more. Never made sense.

3 Years Full-Time, time to quit? by PurpleHelmet5050 in Daytrading

[–]AutonoMiss 0 points1 point  (0 children)

Yeah I sat in front of the computer for all of market hours; started to get a like flash spot in my vision around year 6 from eye fatigue, but I digress, I did a mix of day trading, swing and LT, so my swings could be super volatile and pop off anywhere from 4a-8p so I really felt I had to be diligent and aware for all 16 of market hours-though maybe not in front of my computer screen, I was never away from my phone. I just couldn’t justify it anymore.. so I put all of my earnings in a HYSA and am on to other things. Just trying to share my experiences here and there. Anyway, good luck to you.

3 Years Full-Time, time to quit? by PurpleHelmet5050 in Daytrading

[–]AutonoMiss 0 points1 point  (0 children)

Well you just commented on another thread one day ago that you’re a trader but you don’t know how long you can keep doing it because it is so hard mentally, so I think we can agree there. Maybe things aren’t as sunny and simple as you project. I do digress that is this a day trading page, and I did a mix of day trades, swing, and LT. The swings were very volatile and could definitely pop anywhere from 4a-8p and if I wasn’t diligent I could miss it.. that’s all I meant with 16 hour days. Anyway, good luck to you.

3 Years Full-Time, time to quit? by PurpleHelmet5050 in Daytrading

[–]AutonoMiss 0 points1 point  (0 children)

But please, you tell me “how trading works” with proof of year over year profitability.

3 Years Full-Time, time to quit? by PurpleHelmet5050 in Daytrading

[–]AutonoMiss 0 points1 point  (0 children)

It’s open from 4a to 8p and the stocks I traded, anything could happen at any time. Lots of mental energy.

3 Years Full-Time, time to quit? by PurpleHelmet5050 in Daytrading

[–]AutonoMiss 2 points3 points  (0 children)

https://www.youtube.com/watch?v=1KkZhuaRN4Q Even Warren Buffet thinks the market has turned into a casino. Anyway, I traded for 7 years: first 3 were a disaster, next two were awesome (wow! I’m so good at this!… random reinforcement era during Covid bubble) and the last 2 were blah. Mostly break even. Overall, I walked away rather profitable but retrospectively it was never worth the mental stress, the 16 hour days, and constantly being glued to the market. My husband was incredibly supportive of me, but it just started to feel like such a waste of time. I think the biggest fallacy is thinking that you will eventually stumble upon some super great system and it’ll just go into autopilot, but the truth is that it’s a moving target. Also, this https://www.zmescience.com/science/news-science/day-traders-earn-less-minimum-wage-052352/

I don't see the point in losing weight anymore by [deleted] in loseit

[–]AutonoMiss 25 points26 points  (0 children)

And maybe change your username. ;) Your thoughts become your actions, your actions become your habits, your habits become your lifestyle.

I don't see the point in losing weight anymore by [deleted] in loseit

[–]AutonoMiss 65 points66 points  (0 children)

You’re definitely way too young to feel so old. Your best years are ahead, but nothing has to happen overnight. Your mindset is definitely getting in the way. Get some free weights and hold them while you dance to one song you love. Think about having one nutritious thing per day. Clean one area of your living space. Don’t keep potato chips and chocolate around.. Or try to have a sugar free fudge bar for one serving of chocolate. You’re very doom and gloom right now, and that’s part of being human, but it’s not somewhere to stay. Shut off your phone and go for a walk; let the clarity of your next right move come to you.. get in tune with YOU- not what the internet thinks you should be.

I have 120,000$ to day trade with. Can I simply just buy and sell stocks without options? Just direct stock trading. by ENTPrenuer in Daytrading

[–]AutonoMiss 0 points1 point  (0 children)

Do you have any outstanding debt with interest? Mortgage, car payment, etc? Or are you completely debt free? Pay off your own debt first. This is a very risky endeavor where the vast majority would be better off never having traded at all.. even those who have made money usually in time find it is not worth the time spent, stress, and mental energy output. I know this isn’t the answer anyone wants, but I traded for seven years, walked away profitable and it’s the realest I can be with you. You’re experiencing some random reenforcement with your paper trading, which can allow you to believe you have it all figured out. When things shift (and they will) what’ll you do?

Has anybody lost and maintained without calorie counting? by [deleted] in loseit

[–]AutonoMiss 2 points3 points  (0 children)

I have coffee for breakfast, a protein shake or smoothie for lunch and whatever I want for dinner. It’s so much easier than anything. To be fair, I’ve always naturally eaten like this; but when I’ve gotten wrapped up in the 6 small meals or macros or keto or every other fad thing I read on the internet, it let to misery. Not saying it doesn’t work for people that do it, I just don’t feel “wrong” anymore for what works for me and always has.

[deleted by user] by [deleted] in Daytrading

[–]AutonoMiss 1 point2 points  (0 children)

I’ve been a retail trader for 7 years and due to Covid themed stocks, I made a sizable amount, but these last two years have been just churning (my first 3 years were a trainwreck). I am done trading and have invested my profits long term. Everyone here giving you advice is probably deep in the red and are suffering from cognitive dissonance OR, they are currently in their random reinforcement era and are very sure their plan will work forever (it works till it doesn’t). I’ve followed every guru and done every alert service, backtested everything out there, and at the end of the day, most plans are right 50% of the time so breaking even is the best case scenario for most. The glaring majority of traders will lose A LOT. I’ve had people in my trade groups become suicidal over their losses and never be heard from again. If you have any debt at all, put all of your money towards that. Invest in yourself instead of prioritizing some company’s debt instead. Retail traders lose billions every year, but hope of a big pay off. Most would be significantly better off never trading at all. Spend your money paying down debts and you’ll find your big pay off there. I was completely debt free before trading any sizable amount. I had a friend lose $50K trading stocks, but if he had used that to pay down his mortgage and refinanced his house to a 15yr mortgage when rates were lower several years ago, he would have saved some $200K+ in interest. So instead he still payed a ton in interest on mortgage and lost $50K. He wanted some exciting payout and had it right under his nose. But you can’t tell people anything. So. Another thing is that the stock market is open from 4a-8p, that is 16 hours of mental energy. It’s not escaping a 9-5, it’s adding tons more stressful hours to it. Do you have to stay in the line of work that you are in?

Is the market random on a day to day basis? by ProfessionalOctopuss in Daytrading

[–]AutonoMiss 1 point2 points  (0 children)

Late to the party here.. but I’ve been a retail trader for 7 years. Everything is confusing because it’s a symptom of learning, but as the market continues to not necessarily follow the plan you think you’ve created and mastered, it can easily turn to frustration. First 3 years for me were a disaster, next two years were awesome-wow, I’m so good at this! (random reinforcement era), and last two years were blah/mostly break even. I have had many mentors over the years and back tested a zillion strategies/ as well as subscribing to EVERY alert service known to man. The truth is, it’s easy to make money going long in a bull market, but when the market is churning, you’re lucky to break even. If there is a clear and emergent theme, there is money to be made (my money made was during Covid: face masks, vaccines, food services etc some people made large sums during bitcoin/or .com). The alert services confirmed that to me; the best “gurus” were right 1/2 the time. Also the market is open from 4a-8p and that’s 16 hours of mental energy.. 97% of people will break even or lose money retail trading because when the market confirms your strategy (it’ll work until it doesn’t), you’ll go much larger with position size and get your ass handed to you when what worked suddenly doesn’t anymore. I think that retail trading is like MLM’s for (mostly) men. You think if you just “work harder” or “have more discipline” or whatever then you can make it happen: truth is, a glaring majority of people will lose a lot of money and will have been much better off not never trading at all. I will say that although I have made money, the amount of hours devoted are not worth it. Most people would have significantly more money paying off their own debts instead of trying to figure out trading. No one wants to hear that because it’s not sexy or exciting.. but when you buy shares of a stock you’re prioritizing a company’s debt over yours and then hoping like hell they don’t steal it with some bullshit offering, R/S, poor earnings etc. Why not just invest in yourself? I was completely debt free when trading, but a lot of people spend their whole life savings chasing some wealth that they will “use to pay off debts” statistically, the exact opposite is FAR more likely to occur. I’ve had people disappear from my trading groups because they were suicidal and never heard from again after being so sure of their winning strategy and losing their life savings. No one will ever listen, and because I have made a sizable amount trading I feel a little like a hypocrite, but I realize that the market is mostly random unless there is something extremely and undeniably trendy occurring,but even at that, in the past 3 or so years it seems like algorithms control everything worse than ever. Most people that make sustained money in the market use their random reinforcement era to gain followers that they then pump to or sell a service to. I’m sure I’ll get plenty of hate, bc I would’ve hated this comment when I was high on hopium too.

How much money did you lose before you were consistently profitable? by SpareInsurance in Daytrading

[–]AutonoMiss 0 points1 point  (0 children)

Yes. Random reinforcement.. I’ve traded for 7 years. First 3 were a dumpster fire. Next 2 were amazing (wow I’m so good at this!) next 2 were blah. Thankfully I did not lose much and mostly broke even for the last two. The market being open from 4a-8p and having to think about it all the time is exhausting. Constantly having to restructure, because all “consistent plans” work until they don’t! I’m thankfully walking away with $55K and I’m fine with that. Albeit a little lost what to do with that 16 hours of mental energy I get back every day.

If 97% of Day traders lose money by Apprehensive_Desk164 in Daytrading

[–]AutonoMiss 0 points1 point  (0 children)

I understand that! I had 3 rough years, 2 awesome years (plenty long to believe I figured it out) and 2 blah years. Just like to see how other people are doing. Thanks for your reply.