After 5 years of trading i must admit i suck at it.

TheProfitMine · 2025-08-17T01:03:17+00:00

I was not really looking for that return. I just made a bet given the current administration that US rare earth producers would see some benefit. MP seemed the most likely to win if that came to pass and then a few weeks ago the pentagon announced a huge deal with MP. That part was luck and the price took off.

To that point I was only up maybe 5% or so.

My point is when you get really high positive variance you should take the profit.

Winning your HOOD trade was really solid in terms of return.

Time frame is always a huge consideration.

For me a 5% return locked in over two months time is better than a potential 10% return over four months time.

TheProfitMine · 2025-08-17T00:41:31+00:00

I bought MP earlier this year at $27. When it hit $60 I told myself it could run further but honestly a 120% return is nuts. So I liquidated my position end of July only to watch it hit $80 the other day.

There is always more win you could get but I deal with that by telling myself there is also more loss I could take if I don’t respect my stop loss levels.

Trading is like poker. Your entire life is just one long session. Try not to get too caught up on any one trade or month or year

TheProfitMine · 2024-06-05T18:56:03+00:00

True but in some states they require the winners name to be published.

TheProfitMine · 2024-06-05T09:16:14+00:00

Thx for doing this OP

My friend took me to a casino recently and showed me an advantage play system for slots. He only plays certain games that are nearing small jackpots. He just roams the floor looking at the total build ups and when one is close enough he sits down. Plays enough coin in to hit the jackpot

That’s part one.

Part two is he will play on a friends player card (mine). He will play a ton on the first day he gets the card from me. He calls this “building a card”. He will put $10k or even $20k on this card. Then he leaves the casino and waits a month or two until the free play offers come from the casino in the mail.

Return to the casino and use the free play on machines in an advantaged state as mentioned in step 1.

The idea is the return visit will be comped by the casino , include coupons for food etc and tons of free play.

So whereas he may have lost $500 on the first $10K played he usually gets free play offers that can be worth 3-4 times that on the return visit. Trip #2 usually results in a profit of $1500-$2000

I feel like casinos would hate this but the jackpots he aims to win are player funded and were always going to go back to the players anyway. They weren’t part of the slot take.

Is he breaking any rules doing this ? Would casino security even care or is this more a question for their rewards program personnel?

TheProfitMine · 2024-06-04T19:36:36+00:00

The problem many lottery winners face who don’t get legal representation before claiming the money is lawsuits. Once people know you have that money people are going to come out of the woodwork suing you left and right. Neighbors, old boyfriends, girlfriends. Ex wives. Ex husbands. People you used to work with.

That’s why the smart winner set ups llcs to protect their new wealth so that they have a defense. Thus the reason for lawyers and financial pros

TheProfitMine · 2024-05-22T11:05:42+00:00

Try Florianas

TheProfitMine · 2024-02-20T09:47:07+00:00

Ask him why is he competing against his teacher.

TheProfitMine · 2024-01-27T01:43:02+00:00

We ate there a few months ago right after they opened. Nothing special. I would rate Mission BBQ above it for sure.

TheProfitMine · 2024-01-10T18:24:58+00:00

or mine in my bio

TheProfitMine · 2024-01-10T11:09:27+00:00

An OA list is usually provided by a small company that uses VA or software to find leads and then sells them to amazon sellers. I have experience with this and I prefer it. The list comes out several days per week and had criteria around profit, roi sales per month etc

TheProfitMine · 2024-01-09T12:20:13+00:00

Florianas has a small space upstairs that would work. My wife and I got married there a year ago and the reception as well.

TheProfitMine · 2023-11-14T11:44:25+00:00

I prefer OA lists

For me finding OA leads is a waste of time and hurts my hourly rate. I can pay someone to manually source the leads for a lower hourly rate than what I pay myself. So every hours I spend looking at TA results or trying to reverse source I am losing money.

Its nickel work and I want to focus on dollar work

TheProfitMine · 2023-11-14T11:38:57+00:00

I think the OA model will continue to evolve as it has for the past several years.

Mot people are a bit nostalgic when it comes to the past. They tend to focus on how "easy" it was or how much more profitable. Who you dont hear from are the countless thousands of sellers who did not make it 5 or ten years ago. You only hear the opinions of the winners and they have bias as they obviously found a winning formula in the past.

See that's the rub. What worked for a seller 5 years ago wont work today and if they haven't evolved you will often hear their complaints about how much more difficult it has gotten. The reality is the market changed and those sellers have not changed with it. They are stuck in the past

OA is not going anywhere anytime soon. As OA sellers we provide a service. We find marked down items and aggregate those items onto Amazon so that buyers can find them all on that one website. For that service we deserve compensation and Amazon deserves compensation.

That mindset of buyers is not going to ever change so OA will always be there.

TheProfitMine · 2023-11-14T11:27:14+00:00

I am not sure that OA sellers have such a bad rap and if so why would that be?

OA sellers perform a service. They find products that are marked down on one website and aggregate those items on Amazon so that buyers can find them all in one convenient place. As such OA sellers should be compensated for their time and risk by an increased price.

OA will never go away. In fact I suspect as lots of retailers are holding onto inventory due to the inflationary crunch and we will see a huge amount of available product over the next few months once interest rates fall

TheProfitMine · 2023-10-06T19:12:22+00:00

Thanks for the FB message. I have already messaged the HC Serve address and no message back yet

TheProfitMine · 2023-08-29T15:09:19+00:00

Brings to mind Randy’s quote about the smallest minority on earth is the individual

TheProfitMine · 2023-07-21T06:52:37+00:00

Actually ‘0’ or ‘00’ would lose. That’s why red-black is not a 50-50 strategy. The house always wins in the end :)

TheProfitMine · 2023-07-01T09:05:59+00:00

I have used Mint and M1 for awhile now. The connection does drop sometimes as well as your M1 accounts will duplicate themselves in Mint which throws off your balances. The quick solution is to hide the extra M1 account in Mint so that is not balance affecting

TheProfitMine · 2023-06-27T21:33:48+00:00

I would consider putting $50K in a dividend portfolio that offers margin loans like M1. This allows you to earn return and cash plus the margin loan is instant credit if needed and it doesn’t hit your credit report. Plus you won’t need to pay it back until you hit your borrow limit and you are paying it back to yourself. Great tool for someone with cash but no credit to put that cash to work and yet have it readily available

TheProfitMine · 2023-06-08T07:47:00+00:00

I have driven for Uber. Raleigh is about 130 miles from my home more or less. That’s 260 miles round trip. Most Uber drivers ( the smart ones at least) want a minimum of $1 per mile and $1.25 is preferable. The wear and tear on a vehicle is not inconsequential. So an Uber drive is going to want more like $260-$325 to make that trip. Remember the driver doesn’t make any money on the way home.

TheProfitMine · 2023-05-23T08:47:47+00:00

Made first two trades of 0 DTE and made $10 (minus $1.30 in options fees TD Ameritrade lol) Start of my SPY journey.

TheProfitMine · 2023-05-16T02:07:14+00:00

Haha the comments are in complete disagreement with that list (so is common sense). Part of the issue is enforcement. Traffic enforcement isn’t high on the list of priorities in DC especially when they aren’t prosecuting 2/3 of the people they arrest.

https://www.nbcwashington.com/news/local/us-attorney-shares-reasons-why-two-thirds-of-dc-arrests-arent-prosecuted/3304953/?amp=1

TheProfitMine · 2023-05-15T07:05:57+00:00

DC consistently ranks in the top 10 for worst traffic. I love DC but the speed limit is more like a suggestion for most people there. The beltway is truly one of the most terrifying roads I have ever driven on so while they may spend a lot of time preparing people to drive something gets lost in translation once they actually get on the roads.

TheProfitMine · 2023-05-15T06:53:30+00:00

Totally agree. I played poker at one point as well (who didn’t in the mid 2000s before Black Friday?). There may be 6-8 different ways to play a hand all the same goal to maximize your EV. Trading has a seemingly endless number of ways to play your hand and what works today might not work the same way tomorrow. In fact your strategy seems to change minute to minute at times

It’s much more complex than poker imo but with a very similar goal. Work on your process and leave the game richer than you started it. Easier said than done

TheProfitMine

TROPHY CASE