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Blogs > redmustang91 > Wild Red Mustang thoughts!

Day trading  

redmustang91 64M
Ask me for a photo
7764 posts
7/26/2020 5:29 am

Last Read:
8/10/2020 2:15 pm
Day trading

The WSJ is reporting the new in game for those who cannot bet sports is day trading stocks. A very speculative game. Stock brokers now charge zero for stock trading, and mutual funds too.

After the stock market a recent bottom about March it has roared back about 40% be even. So if you got in long in March you feel smart. Now what?

The last two trading days the market sold off. Now what?

Day trading, options, futures and margin are too speculative for most.

High risk usually leads to high losses. 90% of futures traders lose money. The old joke is the way to make a small fortune in futures is start with a large fortune!

Compound interest over long time is the is the way most make big money. The best place to own stocks is in a retirement account so no taxes until distribution. With a Roth IRA no tax deduction for investing, but no tax on distribution of gains.

Time is your friend. Starting with $1,500 in 1981 you can have more than one million dollars in 2020. Overnight in just forty years...

The easy way is buy a S & P 500 stock index fund. That out performs 90%+ of the managed funds anyway.

redmustang91 64M
Ask me for a photo
9760 posts
8/10/2020 2:15 pm

 Nice to be rich in time to retire....


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