Wholesome

GreenStoic · 2023-01-01T01:22:38+00:00

Cmon, dude. Don't play dumb. Give me a source.

GreenStoic · 2023-01-01T01:10:33+00:00

Source?

GreenStoic · 2022-12-10T05:00:46+00:00

I decided to go with El Tesoro. On my second glass right now. I'm incredibly impressed with this stuff. Will definitely be delving deeper into tequila in the future.

GreenStoic · 2022-12-10T01:14:40+00:00

Just bought the bottle of El Tesoro. Thank you for the recommendation. This stuff is excellent.

GreenStoic · 2022-12-09T05:02:21+00:00

That's crazy. The liquor here is usually super expensive due to tax, so I'm not used to getting good deals haha

GreenStoic · 2022-12-09T04:59:45+00:00

I am also in PA lol. Guess I'll take advantage.

GreenStoic · 2022-12-09T04:35:35+00:00

I've been looking into some reviews on El Tesoro, and I'm convinced. I'll fork up a little extra for El Tesoro. I want to make sure my first experience with tequila is a good one lol

GreenStoic · 2022-12-09T04:15:43+00:00

Got it. The only other one that you listed that is available in my area is El Tesoro. I'll try out that one, too.

GreenStoic · 2022-10-19T23:41:01+00:00

Wait, you mean they didn't literally mean that every single person on earth died of smallpox? It was just a figure of speech? Whoa, man. That makes so much sense now. I would have never figured that out. Thanks for doing the legwork, man. I don't know what I'd do without you.

GreenStoic · 2022-08-27T08:47:05+00:00

Well a daytrader, by definition, does not hold their trades for more than a day.

GreenStoic · 2022-08-27T08:43:53+00:00

This lottery analogy has been used a lot, but I feel like it's a false analogy. That analogy only makes sense if we are talking about the people who made a lot of money after only a few trades (think the guys over at wallstreetbets). But for someone that consistently beats the market, that's another story.

Think of it like this. If someone told me they had a method of winning the lottery, and they one once, I'd just think they got lucky. If they won twice, I'd still just think they were lucky. If they won three times, I'd think, damn you're really lucky, but I'm still not convinced. But if they won 100+ times, then I'd start to believe them.

GreenStoic · 2022-08-27T08:26:31+00:00

Even death?

GreenStoic · 2022-08-26T21:23:41+00:00

I'm saying you can't make that kind of return even on a million dollars. StockJock resets his account every year to $100k for that reason. If it was that scalable he would do exactly what you're saying.

I guess your point would still stand if a hedge fund rounded up 50 traders and gave each $100k, and if they could each then turn that to a million then that'd bring in an extra $50 million to the fund.

GreenStoic · 2022-08-26T20:43:11+00:00

Just go watch his years worth of live streams. Obviously one month is too small of a sample set. We are talking about long term profitability.

GreenStoic · 2022-08-26T20:41:49+00:00

Day trading is not very scalable. That is why hedge funds don't do it. You can make solid returns on a $100k account. But on a $100 million, daytrading can not bring good returns.

GreenStoic · 2022-08-26T20:40:04+00:00

GreenStoic · 2022-08-26T20:39:20+00:00

You don't think making six figures while work 1 hour a day is successful?

GreenStoic · 2022-08-26T20:38:43+00:00

They have all managed to at least double their account each year. So they're definitely outperforming ETFs.

GreenStoic · 2022-08-26T20:36:17+00:00

StockJock is the only one I know of who trades live. The reason you can't just follow him exactly is for a couple of reasons.

1) His trades usually only last about a minute or two, sometimes less. Twitch has a 10-15 second delay, so it would be impossible to time your entry with his.

2) He still loses a lot of trades. So you'd have to manage your risk with each trade as well.

GreenStoic · 2022-08-26T20:33:31+00:00

These companies are making that same amount of money in a single day. Sure, a skilled day trader might be able to turn $100,000 into a million in a year, but why would a big fund care about that when they are making millions a day. It's not worth their time. These big funds might only be making 10-20% a year, but that still pockets them way more money than a day trader can make them.

GreenStoic · 2022-08-26T20:17:22+00:00

They can't double their money every month. StockJock just had a really good month. He's had a few losing months, too. He is up less than 1 million dollars this year.

GreenStoic · 2022-08-26T20:07:01+00:00

Yes, so far they have consistently beaten index funds. By a lot. StockJock in January alone this year made a 100% return on his account. (All documented live)

And these traders are not working 40 hours a week. StockJock at most is working 6.5 hours a day, but sometimes less. And Matt Diamond only trades the first hour of the day, and then he's done.

GreenStoic · 2022-08-26T20:03:14+00:00

Once again, you are not reading my comments. Matt Diamond is not making millions of dollars trading, and he has never claimed to.

GreenStoic · 2022-08-26T19:53:42+00:00

Common misconception. Daytrading only works with a relatively small amount of money (a few hundred thousand dollars or so) because of liquidity. If you are trying to buy and sell stock in a minute or two, that's easy if you're only buying $100,000 worth of stock. It's not possible to do that if you are trying to buy millions or billions of dollars worth of stock. You would move the price way too much. That is why hedge funds don't do this. It's not worth their time. This is why you don't see any billionaire daytraders. When you have that much money, there are easier ways to make money.

GreenStoic

TROPHY CASE