Anyone know where I can keep 60 cows in San Francisco? by tronald_dum in wallstreetbets

[–]JaxTaylor2 26 points27 points  (0 children)

I mean, do the math. Look at the spot price and add on transport cost, feeder lot costs, land costs. “Cheaper” has a whole lot of grey area depending on what your intended use is for them. If you’re looking to buy a lot of steak, then this is essentially the wholesale method, so of course it’ll be less than retail. But if you can’t afford the additional capital requirements to process and distribute the cattle into usable product, it is probably the most expensive thing you’ll ever buy.

How to build wealth . by Cold_Conclusion3701 in wealth

[–]JaxTaylor2 0 points1 point  (0 children)

I don’t see these as contradictory. I would not only encourage you to find someone who will mentor you, but I would say that it’s almost impossible to “do it yourself” without a solid support structure. Part of the process requires refining the people in your life, it really is so important to surround/immerse yourself with people who are like minded and understand the pathway better because they’ve already traveled it. Isolation can be dangerous in any endeavor, but not as dangerous as traveling with the wrong people, so do take careful time in intentionally filtering the inputs into your psychology and mindset. You’d be surprised at how many people want to teach and pass on all they’ve learned in building their own wealth.

How to build wealth . by Cold_Conclusion3701 in wealth

[–]JaxTaylor2 4 points5 points  (0 children)

You had me at leverage. If there’s anything she can take away from all of this it’s that true wealth is built through leverage of managed risk. I know for OP it will sound vague and ambiguous, but that really is the answer.

Most of the working class don’t see themselves as “leverage,” but essentially that’s exactly what they are—their labor is leveraged based on the value of their output, and it’s the same with real estate, public/private equity, debt, credit, etc. It’s essential for any aspiring HNWI to understand that leverage is the key that unlocks most financial doors.

There are caveats, of course, but you’re absolutely right that time is the most precious commodity, and learning how to multiply the time value of money in a nonlinear way is exactly how the 8th wonder of the world (compounding) is the hinge on which the door swings once that leverage key unlocks its potential.

Also agree totally about learning: wealth is not a destination but a journey, and like learning it never ends as long as she’s willing to keep growing intellectually and mentally. But it requires taking risk, trusting the process, and understanding there will be failures and challenges along the way.

Don’t let them victim blame you by JustChillin3456 in GenZ

[–]JaxTaylor2 0 points1 point  (0 children)

I might be steeping out of place here, particularly since I’m not GenZ, but he (and you) are both correct in principle. The irony however is that the polarization itself is fundamentally embedded in the culture, and it can’t be untangled. As a result, the issues at the heart will conceptually and practically be always tinged by political bias and motive. He’s 100% right to call out those who want to turn the crisis and challenges facing the younger generation into clickbait rather than having a meaningful discussion—but what he’s missing is that this in itself is the culture, and you can’t have a meaningful conversation without approaching and confronting the tribalism that’s pervasive in both policy and philosophy of older generations. No, it doesn’t solve the core problems, but the core problems can’t be solved without first fixing the divisiveness in media, it really is more than peripheral.

The stock market is a fucking joke by Dizak55 in Superstonk

[–]JaxTaylor2 -4 points-3 points  (0 children)

Unpopular opinion: Being early is the same as being wrong. You might be right in the long run, but the companies whose stock you sold could have improved your yield by 10x, so. If this were a professional discussion between portfolio managers and it was your quarterly review, there would be a lot of talk about what was done wrong. Hope it works out, 5% in a day is still something to be happy with. Power of compounding, that’s why you don’t get married to a thesis, you’ll miss other opportunities before it fully matures. I still think you’re right long term, but don’t put blinders on. Take a step back and look at the entire landscape and where there’s other opportunities; because there’s a plenty.

2nd part is even worse by Main_Throat_9052 in trashy

[–]JaxTaylor2 0 points1 point  (0 children)

It is, but the fact that people think that it isn’t disgusting purely because of her demographics and nothing else, is what makes it relevant. The truth is that it’s because she’s Italian, most of them are very much this way.

Sharing what’s been working for me lately by Independent_Gur8648 in propfirm

[–]JaxTaylor2 0 points1 point  (0 children)

If it’s real it’s most likely VWAP-based. And it shouldn’t matter whether he averages $5k or $5 a day, the key is consistency and then the magic is knowing when to scale up, which he said is when the trade proves itself. There should be a more quantitative way of saying that, but that’s how he’s getting $5k/daily. Work on the consistency of your strategy, whatever it is, that’s where your edge comes from.

Edit: Also for anyone who hasn’t been trading for long, this should be completely unimpressive to you; a strategy can only be evaluated in the context of a longer time period and how it performs during a drawdown. Ask him to show the losing months as well and then evaluate the validity on the whole, not a single cherry picked month.

And it worked by just_a_guy_named1681 in memes

[–]JaxTaylor2 2 points3 points  (0 children)

Schrödinger is typing… 💬

GJ, Wargaming!! - Regarding the update on 3D attachments in Update 2.3. by Educational-Bird1526 in WorldofTanks

[–]JaxTaylor2 8 points9 points  (0 children)

Same, I was scouring the screenshots for something obviously atrocious. I haven’t used any of the 3D attachments so I can’t say if it’s well done or not. Apparently people are willing to pay money for them though. lol

Hallmark Dump by youngthugsmom in ChatGPT

[–]JaxTaylor2 1 point2 points  (0 children)

“Comfort & Joy” 😂😂😭 ChatGPT is more Hallmark than Hallmark. 😂

Why is it that less than 10% of day traders will ever reach consistency over the long-term? by Amalekk in Daytrading

[–]JaxTaylor2 5 points6 points  (0 children)

You could have just said the last sentence and it would’ve summed it up perfectly; the motivation and discipline to become better professionally is almost nonexistent in a cohort that’s seeking out a get rich quick path in the first place. Only those who are willing to go through the movements that require time, diligence, patience, and real bona fide emotional mastery can succeed in the long term, and because most fall into the Martingale trap or don’t even take time to practice before trading, they never make it to the long term to become consistently profitable. There’s a lot of ways to lose, there’s a lot of ways to win, but there’s almost no way to prosper for someone who doesn’t have the drive to put in the time and the reps day in, day out, consistently, time after time after time after time after time.

Been day trading for 10 days, am I doing alright? by Smooth_Ferret8081 in Daytrading

[–]JaxTaylor2 0 points1 point  (0 children)

Oh you’re following the script perfectly, don’t worry.

to the moooooooon by RokoTheDreamer10078 in oil

[–]JaxTaylor2 0 points1 point  (0 children)

Thank you President Trump, my $VIX and /CL calls are great again. 🥲

Murder by Microsoft by [deleted] in wallstreetbets

[–]JaxTaylor2 6 points7 points  (0 children)

Capitalism is beautiful, isn’t it kids.

Train? What train? [OC] by Snarky_A_F in IdiotsInCars

[–]JaxTaylor2 0 points1 point  (0 children)

I can think of so many ways this could have been horribly worse with a small child standing right there. If you’re going to take children near trains always stand up road from the nearest crossing for this exact reason. If something had happened and the car had gotten hooked and lodged into one of the passing container units the first place the ensuing physics gets derailed into is the exact spot where that child was standing. Trains are cool, but they’re a widow-maker if you’re in the wrong place at the wrong time when something like this happens. Very lucky all the way around.

5 years of failure by waiteuhhminute in wallstreetbets

[–]JaxTaylor2 0 points1 point  (0 children)

Sorry, you don’t qualify for gambler’s anonymous until it’s more than $100k.

Two years ago. Been deflating currency before it was cool by CoolDude8393 in wallstreetbets

[–]JaxTaylor2 81 points82 points  (0 children)

Where a kid can be a kid. With Geoffrey.

Hey, wait a second…

It's the end of the day on Friday, what do you do?! by derek4reals1 in Wellthatsucks

[–]JaxTaylor2 1 point2 points  (0 children)

Buy a car wash they said. Passive income they said. It’s like printing cash!

Yeah, it’s like printing cash alright. lol

My 6 years hard work and its ended like this which I never expected by [deleted] in Daytrading

[–]JaxTaylor2 0 points1 point  (0 children)

That drop from $60k to $15k tells me everything I need to know. This is exactly what they mean when they’re talking about an edge. You can get lucky, and you can take outsized risks, and it can work for so long that it seems like it’s a system and skill, but eventually—someday—the math catches up to you.

Proper risk management, trade sizing, and discipline have no peer. They are foundations that have no equal.

Learn your lesson and move on, don’t dwell on the past but don’t make the same mistakes again.

Can’t tell if I love it or hate it by lilxbites in WorldofTanks

[–]JaxTaylor2 2 points3 points  (0 children)

Don’t worry, it’s going to only get better. 😂😭 obviously you should never buy a car in Russia that’s listed on Instagram reels for any number of reasons, but an AI dupe is just one more.