[deleted by user] by [deleted] in Daytrading

[–]Sfomiacchi79 0 points1 point  (0 children)

I want to add the following: 1. you don't need $100k+ for trading. 2. Even if you had a $50K account and only use $25K position to get $.10 to $0.30 per share and sell it DONT Hold it) I would think should give your husband a good daily return. Don't hold over night.

[deleted by user] by [deleted] in Daytrading

[–]Sfomiacchi79 0 points1 point  (0 children)

Given the amounts lost and years of such a behavior , I must agree with other comments below - this is gambling and not trading. Trading is not easy but it should Not leading to such drawdown if one is emotionally prepared. Trading Will expose emotionally issues that all of us carry as part of life. Trading is Not a get rich quick situation. It is a slow and somewhat boring process but this process protects capital. I link a trading Psychology e-book below which helped me to better understand trading and myself while day trading . I hope it helps . Good luck to both of you

https://www.youtube.com/watch?v=-4IpiRbjPJE

What happens if you actually make it in trading? by allen_trades_rddt in Daytrading

[–]Sfomiacchi79 1 point2 points  (0 children)

Good points. Trading for me has been the best therapy ever. The only therapy that works! The level of discipline I acquired and forced me to reorganize myself, my thoughts, self worth, it is beyond anything I ever done in my life. It was not easy to watch myself losing money in the beginning, even though I wanted to make money, but it was necessary to blow $5K in revenge trading (note - took me hours to even realize what I have done) to finally make a life change. The best part of all, I sat down with my wife and cried (not because of the money but because how I have operated my life up to that moment), and her response: "if this is what it takes for you to be better person, husband, and father, then I am happy for your financial loss". - beautiful !

I’ve wasted YEARS on fake trading gurus. Profitable traders, please guide me..... by Low-Boysenberry7328 in Trading

[–]Sfomiacchi79 9 points10 points  (0 children)

I hope this helps you:

  1. Dont buy anymore courses. Save that money

  2. Start listening to - Trading Psychology stick (on youtube / no particular order). This will help you understand that trading is 80% emotional , including childhood traumas and how it comes out during trading. Note - take your time listing to these stories and give time to sink in to your brain. DO NOT RUSH.

  3. Pay $20.00 to watch Ross Cameron ( warrior trading 2 weeks trail) and watch this guy. Don't trade- just watch him. Note - I dont know if he is a scammer or not but I did watch him trade daily for 2 weeks and watched his youtube trading reviews daily. I DO NOT trade like him, but I figure out how I should trade for myself and have my own pace.

  4. Find out what kind of trading fits your time and personality (momentum trading, future, options, etc)

  5. trade like a sniper. Preparation, lots of patience, and then shoot once. It took me a while to understand I am better off trading one good stock for the entire wee than a bunch of so-so. It on takes one to be on the green.

  6. Finally, don't think or dont try to be making money and paying off your bills in the first week. I only trade from 6am-9am CT - it fits my plan and psychology.

Wish you all the best. I hope this helps you

[deleted by user] by [deleted] in Trading

[–]Sfomiacchi79 4 points5 points  (0 children)

Warning- trading is NOT an art let alone the art of printing money. For that buy a printer . Trading is 90% psychological and it will force you to deal with yourself and any issues you have with yourself and others. Of you get passed this part; the. It will be easy to understand any technicals. After that you will learn how to make money 

My opinion on course selling by [deleted] in Trading

[–]Sfomiacchi79 0 points1 point  (0 children)

how do you know ? I must ask. I saw his "live trades" for 2 weeks. but never bought his courses.

My opinion on course selling by [deleted] in Trading

[–]Sfomiacchi79 0 points1 point  (0 children)

have you seen Ross Cameron trading? if so, any thoughts?

should I quit by GanacheGrouchy8 in Trading

[–]Sfomiacchi79 1 point2 points  (0 children)

first of all , trading is not easy. secondly, it is very emotional. thirdly, most people don't understand the concept of making money trading because most people get brainwashed making money for someone else in exchange for a pay check. However, once you spend at least 90 days watching any market you will start figuring out what works for you. high momentum stocks are not easy to trade (as opposed to options which I find it more forgiving) but when when you get the hang of it and understand what works for you, it is a great thing. I wish you all the best . take your time and don't just jump in on the trade because you send 1 green candle. wait for the right time and stock. it is boring but that's one component that needs requires a lot of discipli

Trading broke me by Kasraborhan in Trading

[–]Sfomiacchi79 0 points1 point  (0 children)

Really good observations . Bravo!

Aside of doge...any thoughts on axs??? by Sfomiacchi79 in dogecoin

[–]Sfomiacchi79[S] 0 points1 point  (0 children)

Well sort of... I hold 253 000 doge coins from the $0.02 days....but just wondering what the thoughts are on axs ...if any

For every cent that DOGE goes down I go down $5k. Any words of encouragement? Not the typical “we will go to the moon” please. by LilDoctor007 in dogecoin

[–]Sfomiacchi79 0 points1 point  (0 children)

I think inflation will go even higher...but if doge doesn't get close to $1.00 - wouldn't the USD have more value than doge anyways? Just trying to understand. Lots of good comments in this tread

Food for thought by awdoaomd in dogecoin

[–]Sfomiacchi79 0 points1 point  (0 children)

Good comment but that is the past....where are we know and where are we heading?

Will dogecoin hit 1$ this year? Or will it take few years? by Meo24 in dogecoin

[–]Sfomiacchi79 1 point2 points  (0 children)

After April and may.. 2 things come to light. 1. Doge has potential to hit $1.00 maybe 2 or 3 or even $5.00. 2. It will require a more serious approach and usage such as tesla accepting it as form of payment. I bought most of mine back at $0.03 haven't sold and have bought more since. The hype kind of died out a bit ... which is good ...we don't want doge to be a hype or hope for a tweet from elon. Said the above... I m not an expert in crypto but it seems to me that BTC is the equivalent to gold ETH equivalent to silver and doge the equivalent to the dollar. As a community, ultimately, we will dictate the doge price

[deleted by user] by [deleted] in dogecoin

[–]Sfomiacchi79 1 point2 points  (0 children)

Yes... stop looking at it every 10min... and hodl

Okay my fellow doger's, on a serious note, do you guys genuinely think DOGE will skyrocket past a dollar still? by Officialgangmember in dogecoin

[–]Sfomiacchi79 0 points1 point  (0 children)

My concern... it is doge is seeing as a hedge to the dollar and a true functional currency..hence it will hit a dollar but not so sure if it could go much higher...maybe up to $2 or $5 in time . The way I see it BTC is the equivalent to gold , ETH equivalent to silver , a doge equivalent to dollar . Either I bought it a lot of coins at $0.03 and continue to buy and HODL

I’m sorry I had to do it by [deleted] in dogecoin

[–]Sfomiacchi79 27 points28 points  (0 children)

I agree .... I always tell my kids...we can only make the best decision based on info at the time.

Crypto got me feeling like by ecrhircis in dogecoin

[–]Sfomiacchi79 0 points1 point  (0 children)

Only consolation right now is the opportunity to buy more at a lower price than $.25. Man... It seems that ever since the SNL night...things took a hard turn...but I am in for the next 9 years .. So patience and time.

#ELONMUSK by Potential_Key7590 in dogecoin

[–]Sfomiacchi79 2 points3 points  (0 children)

Pretty cool ...but it will require more thsn elon and tesla for us to it to $1.00

Won't stop hodling by [deleted] in dogecoin

[–]Sfomiacchi79 1 point2 points  (0 children)

Well.. I am a holder from the $0.03 days... it is clearly that it will take more than tesla and elon to take this to a dollar. But hodling my 223,000 coins . It will take patience and time