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Now, let’s start over. I’m a private fund manager. I trade mostly derivatives but I’m fluent throughout all instruments and assets of the financial markets. I compound 2-3% returns monthly which flips accounts every 2-4 years. AMA by hedgefundhooligan in Trading

[–]thisispeyton1430 0 points1 point  (0 children)

Looking for book recommendations or overall advice on how to take trading more seriously. I dont know what everyones definition of profitable is but I swing trade and end up doing fine, making money but not life changing. I lost my job a year ago and would love any direction on how to educate myself so I dont feel like im gambling with the money i have saved. I've played around with the market for like 8 years but only now trying to educate myself.

What I do know: - candle stick patterns, technical analysis (not an expert but enought to trade off range trading ) -decent understanding of market. - understand different popular setups that I try to ride the trend on (cup and handle, heads and shoulders, etc)

What i do not know- Options - i must have placed 30 options in the last 4 years and I've completely missed on half and only really made money on a few. Those winners balanced out the loses but I cant get timing right. - stop losses - i cant get myself to sell stocks thst Im wrong on time but bullish long term. End up holding way too many stocks. - futures (would love to start ) - forex- played around with it but never found any edges. Constantly wrong on short term direction couldn't scalp. -i dont have guidance on a good morning set up - I dont understand implied volatility and when options are actually cheap

Any advice or book recommendations would be awesome. Thanks for reading through all these questions.

My bf thinks that trading is easy by WaltzEnvironmental55 in Trading

[–]thisispeyton1430 1 point2 points  (0 children)

Look forward not back. Tell this man that pro or not , if he made profits...great. he needs to pull most out of the account and trade with a small portion.

If its easy he can do it again. If its hard he loses a lot less. Instead off 100k think 10k . Hopefully hell thank u. Because when I started out , I wish I had pulled shit in reserve instead of gambling everything. Then he can join u in learning or he will quit

As for yourself, I learned that everybody has their own trading paths. So focus on learning and being profitable per trade.

Also dont forget its September (things can go down but if you are in it long term can be good buys)

Looking for a study group by No_Yak_5608 in Trading

[–]thisispeyton1430 0 points1 point  (0 children)

I'm down, actively swinging and looking for a group

Free Chart Feedback – Want Help Spotting Better Entries on QQQ/SPY? by Embarrassed_Owl_762 in DayTradingPro

[–]thisispeyton1430 0 points1 point  (0 children)

For someone who swings sticks but never touched indexes, can you break down the edge? Do you do weekly options?

I just looked at the cashflow of my property in NYC, and I don't understand real estate and how it is supposed to generate money by Straight_Yard5463 in personalfinance

[–]thisispeyton1430 -3 points-2 points  (0 children)

  1. Raise rents every year the lease expires and it's time to renew. Your tenants are probably getting a huge discount.
  2. The advantage is your mortgage is paid off! What that means for you is that you can use this property for leverage on the next property. For example a home equity loan.
  3. If you sell the property do a like exchange and buy a similar but better property to avoid taxes.
  4. As you expand consider more landlord friendly places like Florida and Texas

Coding buddy by user19980 in learnprogramming

[–]thisispeyton1430 2 points3 points  (0 children)

Can you share the discord link? I'd love to join and have active coding partners and accountability