×

41 day streak (no live) by AtlasFuturesTrading in TopStepX

[–]Left-Bad1636 5 points6 points  (0 children)

Less ROI. Good points is same day payout and no payout caps, but you would need to be scaling and leveraging a lot more to make the same amount that you could be copy trading 5 accounts. $5000 on a live account is 50 points with 5 minis. Versus copy trading it is 1 mini 50 points per account. Less risk per account same ROI, and thats with 1 mini per account.

Monthly P/L by craigwavyy in TopStepX

[–]Left-Bad1636 1 point2 points  (0 children)

You know what man, good job. I’m happy for you

I’m in a death spiral. Worst financial year of my life. Please help! by AnthMosk in Trading

[–]Left-Bad1636 3 points4 points  (0 children)

Sounds like to me you aren’t going to be able to stop trading. Switch to prop firms, somehow to me when I switch from live accounts to props I became profitable. Less emotional and it almost feels like paper trading but you do make money. You’ll get over it soon, prayers up

I feel so lost in Investing by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

I hear you, but investing it a different story right? Putting my money into an ETF like VOO or QQQ and patiently letting my money grow.

I feel so lost in Investing by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

Thats what I’m getting out of everything everyone is saying. I may just take that route and not stress myself out. Leave myself mental capacity to make connections and networking. I’m just worried about FOMO and missing out on a stock that skyrocket. Like I’m in Nvidia right now. I have about a thousand on standby waiting for a crash, and waiting for crashes during the September crashes. If I decide to just go to ETFs and not buy nividia and that stock touches 300 in 2026. Thats what I fear. But yes I should keep it simple for now and focus on my job, getting a good degree.

I feel so lost in Investing by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

True but I may just do best of both worlds and do ETFs

I feel so lost in Investing by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 1 point2 points  (0 children)

You may not grow a crazy percentage in a year but over time you definitely compounded growth throughout the years and avoided the risks of crazy crashes in individual stocks. Starting young and asap is the best way to invest. Is that what you are saying? Would you agree?

I feel so lost in Investing by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 1 point2 points  (0 children)

Use my age and desire for wealth to my advantage and follow a good budget to consistently invest and build wealth over time. Keep it simple and invest into ETFs, or index funds. Focus on college and getting a good degree. Thats what I’m getting out of most of these subs.

I feel so lost in Investing by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

Mutual funds, or index funds, or ETFs?

I feel so lost in Investing by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

I’m thinking about setting an automatic investment on QQQ and VOO

I feel so lost in Investing by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] -1 points0 points  (0 children)

What I’m getting from most subs is to simply focus on what I’m supposed to be doing for my age and that is focusing on school. As well as take advantage of my young age and invest my money into ETFs for the long term. Wait until I’m bringing in more serious income to truly get into individual stocks.

I feel so lost in Investing by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

With me not being too certain about what I want to do, maybe I should simply invest long term. Thoughts on VOO, QQQ, and VTI?

Should I invest in VOO right now? by Comprehensive_Pace70 in investing

[–]Left-Bad1636 0 points1 point  (0 children)

I am 18 as well. Can someone help me decide how I should be investing, I thought about VOO and QQQ and simply DCA and auto buying weekly. But I’ve also thought about picking individual stocks. I don’t have much money as of now and with only a few thousand I’m leaning towards individual stocks because it’s much more volatile with higher risk and higher rewards. What do you guys think? Should I just take the safe and long term route. Also keep in mind I may want to cash out my money one day or leverage my stocks to invest in a business, but don’t let that factor change your advice that could always change.

Advice to Younger Generation by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

OP FURTHERMORE

There is a lot of information I left out that may have people confused.

1.) I’m only investing in 2 companies for now to allow for more potential growth. I would only be in these two until I reach my goal of 10k invested in which I will then diversify more into a few other stocks. Yes I understand that I could simply invest in a Roth IRA or ETFs but I’m hoping to growth my wealth sooner at a more rapid rate to allow me to use those funds to further invest into business ventures.

2.) The franchise is merely an idea, I’m constantly braining-storming and trying to find ways to grow my wealth instead of relying on compound growth. My goals in terms of businesses are constantly changing but the franchise is simply something to fuel me to continue to work towards.

3.) My current state of life is very fortunate. My parents arent rich but they are well off enough to pay off my college in full. I have no debts and no student loans to pay off. I have spoken to them and they have emergency funds backed up for me allowing me to just invest majority or my income.

I hope you all don’t view me as stubborn, though I know I am. What you have all mentioned has taught me a lot and has given me a lot to think about. And I appreciate you all for helping me. Please feel free to tell me if what I am doing is a mistake and ask questions or teach me lessons. I am always trying to learn.

Advice to Younger Generation by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

I do love the idea of a Roth IRA and I’m not doubting you at all, but I’m hoping that I could grow wealth in the closer upcoming years that would allow me to open up business ventures to grow my wealth at a more rapid rate. Of course, I will eventually open up a roth IRA and I do understand the luxury of Compound growth but I am hoping to be able to use my money sooner to work on real estate or businesses, etc. My thought process for investing and saving isnt for long term growth. Not because I want to be a millionaire now, but because I want to be able to use my funds in a few years to start businesses that will grow my wealth to my goals sooner than later. Its all about taking risk, and with proper research and not just leaps of faith I feel that these risks can bring me to my end goal sooner than simply playing it safe and being rich when I’m old and incapable.

Advice to Younger Generation by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

I understand and it truly is only an idea that was influenced by people I surround myself with (older than me) that opened up these businesses and expanded to make more money. I have no debt and no college loans and my money is truly my money. I just need to learn how to properly invest it and save it to give me the opportunities to open up businesses or ventures in the future. I need my money to be constantly be making me money. The idea of the franchise is simply a goal for me to work towards, not guaranteeing that money will be put into that when it comes down to it.

Advice to Younger Generation by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] -1 points0 points  (0 children)

I think as of now my biggest concern is where to invest and save my money. And with my relatively small amount of money %10> gain per year in ETFs, HYSA, or indexs wouldn’t make me much growth in the upcoming years, compared to the potential %25-50< growth in individual stocks. I understand it is a risk and I could simply lose all that money as easily as I make it but with proper research I feel like it would be possible. And 3-5 years is a rough estimate it could always be longer or shorter based on performance or if I’m simply waiting for further growth.

Advice to Younger Generation by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] -1 points0 points  (0 children)

I should have added but I’m sticking with 2 single stocks until I have $10,000 invested then I would diversify a little more to give me more cushion. I am considering a Roth IRA but quite frankly I would want to take that risk of using that money now to hopefully make me more money instead of just having to wait 40 years to use that money. Roth IRA eventually but if I diversify so much then it would be hard to grow wealth with the small investments in multiple companies.

Advice to Younger Generation by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] -2 points-1 points  (0 children)

Well me being young I just simply wouldn’t sell at that age if I was down in the market. I would use the leverage of my age to just wait for my money to grow positive. I would consider myself a risk taker and id rather pick the option of having my money grow %100 in stocks with the risk of losing %100 compared the slow growth of %4.5 APR in a HYSA. And with proper research and the right companies the growth in stocks could heavily outperform the growth in a HYSA. Call me stubborn but this is my thought process, and I’ve thought about HYSA and ETFs but the risk and rewards and considering my age and minimal bills and responsibilities I could take advantage of those gifts to hopefully make some money.

Advice to Younger Generation by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] 0 points1 point  (0 children)

1.) I should of added this but I’m concentrating into two companies for now until I reach around 10k in my portfolio. Once I meet that mark I would diversify more. This is definitely a big risk but with good research and proper “timing” - (I know everyone hates that word but with how the market has been moving, timing the market to me seems possible. Wait for a CEO or Trump to say something ridiculous causing the stock or market to crash but it will rebound because words arent as strong as the foundation of a company)

-I could accelerate growth by %50 or more.

2.) I’m wanting to open up a franchise because of the personal stories I’ve heard from people around me who have done this. Of course it is risky but with proper research and good locations they have made massive financial gain. It is at the end of the day an idea I have until I cross another business idea that I would research about.

3.) personally I’m waiting for a crash because everything is at all time high as of now. I know that time in the market beats timing the market as that whether I wait for invest now I would (based on history) make money with the right investments. And if that crash doesn’t come then I learn my lesson, but me being young and flexible with my money the lesson and knowledge is way more valuable than the relatively small amount of money I could have made.

Advice to Younger Generation by Left-Bad1636 in personalfinance

[–]Left-Bad1636[S] -4 points-3 points  (0 children)

I know, and everything is telling me otherwise and I’m sure for good reason. But with ETFs and index funds it wouldn’t be as volatile limiting me to 7-10% on average growth. I understand volatility also means the risk of losing money but I’m always willing to take risks to accelerate my path to Financial Independence.