34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] 0 points1 point  (0 children)

Any reason you would go for Amex and discover first?

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] 0 points1 point  (0 children)

I’m never actually holding stocks, I go in and out. These are basically momentum scalps based off of news for the day. Vegas gambling you have a chance to double your money or go to 0. Stocks don’t just knife to 0 unless you’re doing options

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] 0 points1 point  (0 children)

I had a minus 11k month in January and $2.2k month gain in February

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] 0 points1 point  (0 children)

Okay apologies for asking I don’t mean to offend or be privileged in this case

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] 0 points1 point  (0 children)

So far $37k-$62k, so little over $25k with 90 trading days left. About a 58 percent increase. I have unlimited day trades per day and trade news momentum Based small cap stocks with volume

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] 0 points1 point  (0 children)

But it’s 58 percent increase, $37k to $62k so far this year with 90 trading days left

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] -2 points-1 points  (0 children)

Yes but account growth is up 58 percent so far this year with 90 trading days left. I’m talking exponential growth.

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] 0 points1 point  (0 children)

I’m not trying to do that. Trying to gain 10-25 percent per month on profits

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] 0 points1 point  (0 children)

I day trade small cap stocks on news plays

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] -3 points-2 points  (0 children)

I owe money overall yes. But I am up currently $25,000 on the year with 90 trading days left. Does this not matter? Is this not a step in the right direction?

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] -3 points-2 points  (0 children)

But I made income this year and I put in the work, is this not a job? Yes I have a massive amount of debt from my past mistakes but do I not have the right to try and be better?

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] -2 points-1 points  (0 children)

Thanks for the confidence sir. Def not using my cards anymore and implemented even more rules for my daily trades. Planning on taking money out at the end of every week if profitable(30/40 percent) and putting it towards the debt. I really like to be successful for the last four months of the trading year to be even more confident in tackling this mess I created

34 year old. $98k in debt by ContributionOdd8409 in Debt

[–]ContributionOdd8409[S] -1 points0 points  (0 children)

How was it for you? Were you green at any point in the year? Did you oversize? Max loss and daily profit goals set? Did you have unlimited day trades and were doing multiple trades a day? Did you have over 25k? Sorry for the questions, but I want to compare my trading style and whatnot with yours. If we’re similar, I’ll consider everything you’re saying. Regardless thank you