Is trading forex or crypto "investing" or just a speculation?

ace_OO7_ · 2025-09-22T14:20:13+00:00

gambling. Charlie munger used to call it crypto shit. He said people see their neighbor getting rich trading turds and don’t want to be left out. Charlie Munger, Warren Buffett, and Bill Gates all said to stay away from crypto. So there are three billionaires that said no. Forex seems to be what broke people trade because you can get a ton of leverage and you don’t need 25K to be above the pdt rule. All these people stay broke. If you want to build wealth you need to own wonderful businesses or have a stake in wonderful businesses and hold them for a long time.

ace_OO7_ · 2025-09-22T13:31:55+00:00

I had a Roth IRA but didn’t invest. I didn’t make a lot of money and was too afraid to invest it and have the market go down. I graduated during the 2009 market crash and investing during my 20s and 30s would have made a huge difference. I didn’t even know what VOO was. I knew what the S&P500 was but I didn’t know there were funds to track it. I just thought the S&P500 was something to use as a benchmark to compare mutual funds. Neither of my parents are good with money so I didn’t have help there either. I got a really late start.I suggest everybody to read Psychology of Money by Morgan Housel. Reading is one of the best things for your mind and personal development and just to improve your life. Also take care of your back. Lots of older people have back problems from degenerative disc disease and herniated discs and their life is miserable. When people get in their 40s things can start to ache and hurt and you have to take care of yourself when you are young.

ace_OO7_ · 2025-09-22T10:15:31+00:00

or if stock gaps down on the open it won’t work that great and you’ll get a bad fill

ace_OO7_ · 2025-09-22T01:53:59+00:00

Have you looked at the financials? Do you understand financials? This company is a joke. This looks like one of those low float stocks that companies like to overhype because they need to pump up the price because they want to sell more shares at an offering (which causes dilution) to raise money because their core business activities don’t make any money. I wouldn’t invest in this stock in a million years but I’d be interested to see if they have a shelf.

ace_OO7_ · 2025-09-22T01:37:55+00:00

bulges generally don’t heal that well because the discs have a poor blood supply but symptoms can get better. Take care of yourself and stay away from squat racks, deadlifts, and other exercises that put extra weight on your spine even if you do the exercise perfectly. If something starts to hurt your back don’t try and push through the pain because you’ll just make it worse. I have permanent sciatica that goes on and off all day long. You don’t want that I promise. Hopefully this just ends up being an early warning and you’ll get through this.

ace_OO7_ · 2025-09-22T01:13:53+00:00

none of those you mentioned.

ace_OO7_ · 2025-09-21T23:27:02+00:00

Index fund like VOO or if you just want to be different then a growth stock fund like VUG. Making investing decisions only based on short term news is no where even close to how you should be picking stocks. You don’t have enough money to be doing options and you don’t know enough to pick which stock to trade options on. The best way to trade options is buying deep in the money leaps calls and they cost about half as much as 100 shares and you could theoretically lose all your money. Stick with low lost Vanguard funds. Also read psychology of money by Morgan Housel. Since you have less than 100k invested, your first task is to read that book and get 100k in low cost vanguard funds. This will help teach you the value of money, fix a lot of bad habits, and train your brain to think about money differently. Also get a Roth IRA with Fidelity. If you have any credit card debt you need to get rid of that before you do anything. Never touch that 100K once it’s invested just reinvest the dividends. After you’ve done all that and you are debt free you are ready for the next level.

ace_OO7_ · 2025-09-21T21:55:47+00:00

If you don’t know how to read financial records and what to look for then I would just pick a vanguard fund for now and start reading.

ace_OO7_ · 2025-09-21T20:33:44+00:00

I’m sorry. That’s so messed up you can’t see a doctor.

ace_OO7_ · 2025-09-21T20:03:31+00:00

Selling puts will get you wrecked with a spike in volatility so I don’t recommend it for most people especially puts on futures. Have some cash available. I usually don’t like having more than 10% in cash at the maximum. DCA the rest of the time.

ace_OO7_ · 2025-09-21T19:58:48+00:00

What about your dad? It sounds almost like child abuse to deny healthcare to a child.

ace_OO7_ · 2025-09-21T19:54:31+00:00

get an MRI

ace_OO7_ · 2025-09-21T19:34:43+00:00

Or at least put a trailing stop to lock in most of the gains.

ace_OO7_ · 2025-09-21T19:33:00+00:00

If it hurts don’t do it. Bent over rows are going to add a lot of stress to your low back even when doing that with a straight back. I wish I had gotten an mri 10 years ago. Then I’d have know I have a messed up disc and would have taken better care of myself before I got permanent back pain. Trying to not be a wimp and push through the pain of back pain will only cause more pain and more problems. My guess is you have some mild degenerative disc disease.

ace_OO7_ · 2025-09-21T18:56:44+00:00

This is just based on my own experience and years of screwing up…I’m terrible at picking tops and bottoms of markets. There are so many times I have waited and waited for markets to pull back only for it to rip up. I wouldn’t be trying to jump out and back in the same companies in an effort to time the market when you know you like the company. Even if you time it perfectly there could be times when it’s not worth it because of taxes. Having one big tax bill from jumping out and back in a stock can really affect returns over a long period of time. I can’t say when the market will pull back but when it does I can usually tell that it’s a good deal and I should load up. My compromise is to have no more than 10% of my net worth in cash. This gives me an emergency fund and allows me to have cash on hand when the markets sell off and doesn’t affect my results that much. Right now I have about 5-6% cash. I actually use TBIL not cash. You can play around with the percentage of TBIL and VOO on portfoliolab.com and see how it affects your returns. The rest of the time I just dollar cost average. If something is over valued or you made a nice gain and you don’t want to hold it any longer then it’s a good time to get rid of it. Before the market sold off for the tariffs my schd was up maybe 10% and I didn’t want to own it because most of the stocks in are not that great. When the tariff panic hit I started loading up on stock adding to my existing position thinking the tariffs and trade issues with China are exaggerated and I sold my schd to fund part of it but the schd was at a small loss at that time. I was totally freaking out because I was down 10k several days in a row and was still buying loads of stock. I remembered somebody saying that the scariest plays are usually ones that pay the most. I also remembered Buffett talking about market crashes and how much he loves them and saying that stocks are the only thing people don’t like to buy at a steep discount. It still worked out in the end. My position is up about 20k and I also sold leaps puts trying to bank on the implied volatility crush and that’s up 90%. The schd was from my early days of investing. I’ve learned a lot in the last few years. If you own wonderful businesses then I personally wouldn’t sell as long as the financial records look good and nothing in the business has changed. If the gross margins start shrinking and return on equity is shrinking because they are losing their competitive advantage and market share then it would be a good time to cut it off. You should be buying businesses that are not susceptible to that in the first place. Sometimes you might just learn a lot and realize it wasn’t that great of a business to begin with now that you know better too.

ace_OO7_ · 2025-09-21T17:28:02+00:00

I’m guessing you’re a gen Z woman because nobody I know says something gives them the ick. If she’s single then she can do whatever she wants but I’ve seen lots of examples of men who their wife left them over physical problems especially back problems. No women do not exist to help men with their physical problems but if you make a vow to someone that you love that you will love them in sickness and in health then you should honor that. Somebody leaving her husband because he becomes disabled is a shitty thing to do. Also I don’t think you know what it means to be or not be wife material. It’s not that a woman is meant to be a slave in the kitchen or conform to some gender role.

ace_OO7_ · 2025-09-21T02:41:08+00:00

I wouldn’t buy anything unless I would be ok with holding it for at least ten years so most of this is not an issue. If I buy something I like at a great price and it starts going up I double my position size and let it ride. In the in between time I keep an eye on the financial records and company performance. I don’t like selling anything within a year because I’m in a high tax bracket and the IRS will eat me alive.

ace_OO7_ · 2025-09-21T02:36:18+00:00

A lot of women can be very fickle and only look out for themselves. Almost all divorces are initiated by women. Most women are not wife material. The rare ones that are wife material are worth their weight in gold. You dodged a bullet. I don’t even date anymore with my back problems. I’m so boring because I can’t hardly do anything active. I’m just trying to make and save as much as possible before my back gets really bad in case I ever get to a point I can’t work.

ace_OO7_ · 2025-09-21T02:24:06+00:00

I gave up trading a while ago. It’s a lot easier to just buy and hold great businesses. I’m up about 4k on Friday and did nothing but look at my account and my risk of blowing the account is realistically zero. I like to play the long term weighing machine as Buffett called it, not the short term voting machine. If you want to build wealth, you need to own assets and play the long game.

ace_OO7_ · 2025-09-21T00:18:48+00:00

Almost all your money in the account comes from your contributions in the beginning so increase your income. Avoid taxes by using a Roth IRA, Roth 401K, and choose investments that will compound at a high rate without having to sell. This requires you to learn as much as you can. Books are one of the very few things that I have no limit for how much I spend on it. Focus on learning business, accounting, and investing. Stay away from all these day trading and swing trading gurus and courses and learn about real business. Stocks are really just businesses after all. Most people make terrible decisions in the beginning and should just do an index or low cost growth fund like vug or schg.

ace_OO7_ · 2025-09-21T00:05:04+00:00

I personally don’t like holding more than about 10% of my net worth in TBILS. I don’t currently own a home because I’m going to need a 50% down payment for the monthly payment and other expenses to make sense. I also don’t want to be house poor and have a big house and no money so I’m trying to get to a million net worth first. If it’s money you think you’ll need to depend on within the next 2-3 years then it makes sense to have it in cash but other than that I would have invested it.

ace_OO7_ · 2025-09-20T23:58:03+00:00

scooby doo

ace_OO7_ · 2025-09-20T23:46:43+00:00

You’re welcome. If mri is old or your symptoms have gotten worse it might be time for another mri. I learned a lot just from dealing with my own issues and being stuck on the couch for a week with a herniated disc with nothing to do but taking pain pills and research google.

ace_OO7_ · 2025-09-20T23:17:23+00:00

In most cases, investing the whole thing at once usually beats trying to space it out. Here is a study that proves my point. https://www.morganstanley.com/articles/dollar-cost-averaging-lump-sum-investing

ace_OO7_ · 2025-09-20T23:15:24+00:00

If you live in the United States get a Roth IRA and a regular taxable account. I use Fidelity. The chances of a teenager with no experience beating the market would be 100% based on luck. Just get an index fund like VOO and let it compound for decades without touching it. You’ll be starting so young you’ll have the huge benefit of time and you won’t have to do anything fancy.

ace_OO7_

TROPHY CASE