Hey! I’m a French high school student and I just earned a little stack of money (~3000$). I don’t really want to put that money on my bank account and let it sit....I’d rather invest in stocks. I’ll be in a preparatory class next year and I don’t want ut to take too mich of my time... Which stocks shoild I invest in?? Thanks in advance for the answers!
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Sorry about the typos...my phone is werid
Depending on your current attitude toward risk, I’d consider putting it into an ETF, MF or something of the sort that aims to mimic S&P500. Or you could create your own diversified portfolio, but with only $3000 that would limit your ability to diversify
Thanks! Which ETFs do you recommend? I’d like to put 1500$ in super safe stocks and 1500$ on super risky stocks
i am not an expert but look at vanguard index funds. again not an expert but might make sense to look at something like robinhood because of no commissions and how commissions could be impactful at your dollar amount especially if you trading the super risky stocks more actively rather than buying and holding.
open a futures account with interactive brokers so you can trade with the big boys
Haha you're gonna make the poor kid lose all his money on a single trade.
I know he was trolling lol
Well technically you can.
watch the videos....there is good advice in there. you must adapt to modern times...but pure prop trading has not changed to much
I was never a huge fan of ABCD system. When I joined the fund, the fund manager threw a book at me and told me to read it and understand the system. If I don't read it, he said he will fire me.. I didn't believe in the technical bullshit but I read it because I didn't have a choice. The reason why Mark sells his system for freeis because the more people use it, most likely it will work. I don't like herding strategies.
i only care about 1 thing...can i make money using this thing? if yes, then use it.
ACD on its own is not enough anymore.....however, if you only play for C reversals, then it still works
I wish we could prop trade together.
I wish we could prop trade together.
This is how I feel like with you.
https :// www. youtube. com/watch?v=7IXOA0Zb0Tw
because i take longer swings (usually 1-3 hours) trading has become much less exciting.
now, i just ask myself the question "does the market seem range-bound, or does this feel like a breakout?"
-if my read is "breakout" then i look to join the trend on a pullback -if my read is range-bound, then i look to fade the extreme move and get flat in the center
i have some statistical techniques i use to determine my exact entry and exit...but first you got to have a big picture view.
after that...i put in my stop and then just wait. life is a lot less stressfull this way, and i've been doing a lot better..making more than i lose...and winning more often
I never use stops, just because most of my trades are intra-day. Whether I'm trading outright or spreads. I think mentioned on a different post why I don't use stops and that majority people use stops incorrectly. What is your typical size when putting on a trade and holding it for 1-3 hours?
first i determine at what price that i'm wrong....then i determine how much $$ i'm willing to risk on a trade...and then the size just comes out of that equation. Typically my stop is 6-10 ticks on ZB. i built a system where, if i'm right, i'm very often buying the low, or selling the high (locally) within 1-2 ticks....and so, i'f i'm wrong...then 6-10 ticks thru my entry means i was wrong and i just need to exit and wait for the next setup.
typically, i'll risk 1/20th of my risk capital on each trade...where, if i'm wrong 20 times in a row, i'll hit my portfolio P&L stop. lets say i was running 1mm AUM of capital, and my risk mgmt stop was 100k (willing to take a 10% loss). In that case, 100k is my risk capital, and i would risk 5k on each trade.
I don't use actual stops in my trading software...its a mental stop...but i try to stick to it. Its been a while since i've actually been stopped out of a trade.
Being in classes prepa - you'll barely have time to trade that money. Would recommend just putting the money in ETFs
classes prepa isn’t that much of a big deal to be honest. I’ll definitely have the time to check my portfolio (is that how you call it?) once in a while
Let's see if you still say that after a year or two - i mean it actually depends what subject you are going for anything for business school is ok although it will depend on your prepa, for Engineering schools in MPSI its a hell of a lot harder.
But I agree. ETFs look like a good idea
Spend it all on Tesla call options
very funny!!
reddit/wallstreetbets
what’s that?
some of the greatest minds on Wall Street sharing their ideas
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