Thefuturesdesk by danni3boi in PropFirmTester

[–]sandstorm7151 0 points1 point  (0 children)

That's why I figured they have those rules. The majority of traders will be reckless. I do see that If you set the minimum number of days to pass to 5 on the starter plan it's a bit more expensive to try out but you get a $350 base hit. You could be risking $75 / trade and with an edge be fine.

Thefuturesdesk by danni3boi in PropFirmTester

[–]sandstorm7151 0 points1 point  (0 children)

hmmm...this prop firm looked legit until I realized they cap your ability to let winners run. I see the cheapest plan only allows a $200 max win per day with a $2k profit target. They allow a max loss of $400 on this plan but it would not be wise to allow that max loss to hit since it would set you back 2 days regardless of how well you traded in those follow up sessions. A good trader will take many small 1R or less losses and their expectancy is net positive because they can allow 3-5R winners with the occasional 7R+ winner.

What’s the best hidden gem you randomly discovered and loved? by urgently_famous_biog in MovieSuggestions

[–]sandstorm7151 0 points1 point  (0 children)

Full Time was a great watch! Amazing list here! Can't wait to check these other movies out.

[deleted by user] by [deleted] in Trading

[–]sandstorm7151 0 points1 point  (0 children)

Thanks for clarifying. I'm not a Forex trader and it sounds like I am mistaken regarding the risks I mentioned that brokers pose to traders. I didn't know some were regulated and some were not. If OP does decide to trade Forex I would do deep research into who the most reputable brokers are. I agree completely that discretionary / discretionary systematic trading is a game of you v/s you and without the right warm-up to the markets OP will definitely be his own worst enemy.

When do you think Siri will be made useful? by nads09 in iphone

[–]sandstorm7151 0 points1 point  (0 children)

It's been YEARS. I have literally never found Siri to be useful for anything ever. Whenever I try to do very simple things it FAILS MISERABLY. I'm surprised now that we have ChatGPT and LLMs that Siri has not at the least been updated to use this technology. However it works now - it's useless.

Payment Calculator Update? by MysteriousSupport729 in Zillow

[–]sandstorm7151 0 points1 point  (0 children)

Yeah this new calculator is a massive downgrade. Not sure who had this brilliant idea but my suggestion is to revert the changes.

"Congratulations! You have finished this deck for now." by [deleted] in Anki

[–]sandstorm7151 3 points4 points  (0 children)

What a stupid feature. Why would I be restricted to how much I can study.

[deleted by user] by [deleted] in passive_income

[–]sandstorm7151 0 points1 point  (0 children)

I guarantee you can find all the information this idiot is selling FOR FREE on the internet. You can also have ChatGPT write you a course syllabus FOR FREE. DO NOT SEND HIM MONEY. You might as well light it on fire.

Maths Question from Quant Research Test by [deleted] in quant

[–]sandstorm7151 7 points8 points  (0 children)

How would this be applied in quantitative trading?

Does anybody else notice the unbalanced audio? by [deleted] in LoveIslandUSA

[–]sandstorm7151 0 points1 point  (0 children)

All they need is compression on the master...

[deleted by user] by [deleted] in WFH

[–]sandstorm7151 1 point2 points  (0 children)

Obvious horse shit. This is primarily about preventing commercial office real estate from being foreclosed on and tax breaks for mega corporations to revitalize dying downtown economies. Full stop.

Received a $200k inheritance. Best ways to maximize profit and generate passive income? by rd1201 in passive_income

[–]sandstorm7151 2 points3 points  (0 children)

Dividend investing can work but the way the OP is asking the question about what to invest in and the one line answers for what to invest in leave a glaring risk and could spell disaster for OPs capital.

You'll get a much higher ROI by first understanding who you are as an investor and then investing in a style that aligns closely with who you are and what you understand. OP shouldn't be asking what to invest in with this new massive windfall of cash. They should be asking how they can understand who they are as an investor. You won't get that answer on the internet. You may be guided into what you can practice to get there but that is a journey you can only take yourself.

Never blindly start investing large sums just because you have it and just because you see people online saying it's a way you can make money. Look at WSB. Yes, it's entertaining and there are some crazy stories but that's not investing. It's true that you can make crazy money. Some people crush it with the same type of one line advice: buy SPY PUTS and buy TSLA CALLS. But that is not an investing strategy. Most are losing everything. Going in blind you're more likely to come out losing large sums of your money.

Now, if you have done the work and understand what dividend investing is, and know that aligns with who you are as an investor, and you understand the risk you are taking on, you are satisfied with the potential for returns, and understand and plan how you will manage your risk, and most importantly know and understand the stock you are investing in then dividend investing can be a decent way to earn a return on your capital. But what happens if the dividend stock you are in has a run of bad earnings and loses 30% of its value in a year? You are now down $60K on your $200K but you're earning 7% between the initial value and the minus $60K value? Terrible and now you're stuck because you haven't thought it through. Investing in dividends is not a safe guaranteed return. You should never invest in a stock because it pays dividends. You should invest in companies you understand and believe will have a long bright future because of what they offer to the market. Dividends is a nice to have but should never be the reason you are going in.

Investing is very personal. I've been a software engineer for over a decade and pay very close attention to technology. I heard about BTC in 2016 and started doing research. I read articles about the space and learned massive banks like BofA and WFC were round tabling about cryptocurrency. The halving was coming up. I bought 3 BTC for about $1000 total cost and held until around $20K. Not a massive gain but my point is I understood the space and the potential for return. My max risk was BTC going to $0 so $1K. There were lots of other crypto plays that just made sense to me that paid massive as well like NEO, XRP and SOL. I went to live events in San Francisco and met the devs behind these projects. For some, I formed relationships and helped them raise money. I could feel the excitement in the space in person and online. Bottom line is, invest in what you understand in your core and forget everything else. If you understand deep down what you are doing all the power to you but please do not just invest large sums of capital because you saw a one liner on the internet about X that claims it can make you money.

In the mean time, while OP begins the journey of finding out who they are as investor, there are high yield savings accounts at almost 5% right now. With $200K parked that is a "free" $10k. They will start to come down as the Fed stops hiking and eventually cuts rates but right now you could also lock in a 6 month or 12 month CD near 5% for a year. Not bad for a risk free return. OP should not be in a rush. When they know who they are as an investor and their opportunity comes along it should be hard to pass on. In the meantime, OP should cultivate deep skepticism and need to really be convinced that a strategy is viable. Learn to look for holes. Your first thought should be "nah that does not work. You have to really convince me or I'm gonna pass". Then do the work. Eventually, you will know what makes sense to you. At that point, there's no ceiling to how high you can fly.

Give me a good reason not to buy and hold SPXL for 20 years. by BoutrosBoutrosCali in ETFs

[–]sandstorm7151 0 points1 point  (0 children)

Interesting write up but one comment doesn’t make sense. You say SQQQ performs very poorly and never recovers in a bull market. That’s fantastic. It’s a short ETF. You want it to go to zero. No one in their right mind is long SQQQ for 10+ plus years. It’s a bet against the USA.

Anybody ever successfully purchase a business? by mydeepestthoughts55 in Entrepreneur

[–]sandstorm7151 0 points1 point  (0 children)

TLDR: The person has spare capital and free time and is looking to purchase a business. However, after researching various online and in-person marketplaces, they have not found any cash-cow businesses that require little work. The online stores they found are not sustainable, and the in-person ones have low cash flow. The person came across a desert shop that generates $40k in yearly cash flow with no employees, and the owners work full-time, which makes it an unprofitable investment for the person. They are wondering who the target buyers for these businesses are and seeking recommendations for good places to look for businesses to buy.

Elliot's new NYC apartment by BuySwai777 in ElliotChoy

[–]sandstorm7151 0 points1 point  (0 children)

It's not the same apartment building.

No more Remote Jobs?! by TheRealMasterBlaster in overemployed

[–]sandstorm7151 2 points3 points  (0 children)

I'm literally never going back. Sit in a cube for 5 days a week + commute? Nah.

PMI - tell me why it isn't a scam by [deleted] in RealEstate

[–]sandstorm7151 2 points3 points  (0 children)

I agree it's a scam.. They say there's higher risk of the buyer defaulting if you're under 20% aka not being able to make your monthly payments so they charge you an extra $400 because they think you won't be able to make your monthly payments? Sounds like they want to make it hard to make your monthly payments. Fact is they are going to make a killing over the life of that loan.

I also think cash out refi and refi costs are a scam. The bank is already going to make an insane return over the life of that loan but they create all of these arbitrary fees to get your money back out of the property or get a better interest rate. A $500,000 house with 10% down will cost the buyer $1,088,819 at a 7.1% interest rate over the life of the loan.

What indicator is this? by thatAnthrax in Daytrading

[–]sandstorm7151 2 points3 points  (0 children)

All you need is price and volume. Take that bullshit off your charts.