My stock investing/trading update

[WizardofSoda]

So far this year..

Nasdaq: down 31%
S&P 500: down 21%
My portfolio: up 1%

So I am nearing my goal of beating the market by 25% this year. If I make my goal I am upping my goal to beating the market by 30% next year.

Thing for me is its not about getting rich. Its about seeing how far in advanced levels I can get. Its like gamers seeing how far they can go in a video game.. eg.. imagine a video game where you were trading and becoming a rich merchant.

 

[WizardofSoda]

Do women get turned on by money.. no, broke loser Chad turns women on.. wealthy ugly man money mogging others makes women angry. But as incels we don't get romance, love, sex from women.. we make women feel anger, hatred, fear, creepiness, disgust.

 

[Incelius Savage]

How do i get into the stock market?

 

[WizardofSoda]

How do i get into the stock market?

The banks have investor accounts and those accounts have websites with them where you can put in buy orders and sell orders and so on.

 

[SDU]

are you a day trade or an long-term investor? How much should one invest as start capital?

 

[WizardofSoda]

are you a day trade or an long-term investor? How much should one invest as start capital?

Something in the middle. My bank charges $10 per trade so say I only bought $1,000 worth of a company that is 1% fee which is a lot. But $10,000 it is 0.1% which is no big deal as I hold generally over months or even a couple years. A mogger at $100,000 per trade, the $10 fee is only 0.01%.

 

[Khanivore]

ЩOnly 1 percent for a year... well, with crisis - okayish i think

 

[WizardofSoda]

ЩOnly 1 percent for a year... well, with crisis - okayish i think

Ya I realized you have to judge your performance relative to the S&P 500. Eg.. say the market was up 20% and someone was up 10%, he thinks hes doing good, when in actuality that is shitty.

 

[SDU]

Something in the middle. My bank charges $10 per trade so say I only bought $1,000 worth of a company that is 1% fee which is a lot. But $10,000 it is 0.1% which is no big deal as I hold generally over months or even a couple years. A mogger at $100,000 per trade, the $10 fee is only 0.01%.

Who much in total have invested in your portfolio, and is your portfolio spread out across different company's? if you don't mind asking.

 

[Khanivore]

Ya I realized you have to judge your performance relative to the S&P 500. Eg.. say the market was up 20% and someone was up 10%, he thinks hes doing good, when in actuality that is shitty.

do not buy russian stocks and virgin galaxy and you will be fine

Man, i sure do want go into trading too, but! One single minus i got... i dont have money

And without money you perfectly know what type of an investor im gonna be

 

[Khanivore]

Who much in total have invested in your portfolio, and is your portfolio spread out across different company's? if you don't mind asking.

you pretty much must divide your money between different companies

 

[WizardofSoda]

Who much in total have invested in your portfolio, and is your portfolio spread out across different company's? if you don't mind asking.

Ya i am in around 20-30 companies usually. I don't want to say how much but its not enough I could retire on and just live on dividends. I am getting there though.

With big gains beating the market it can be a lot. Like say someone had $100,000, and made 35% in a year. That would be $35,000. They would be still nowhere near rich.. but still $35,000 is ~$3,000 a month.

 

[WizardofSoda]

do not buy russian stocks and virgin galaxy and you will be fine

Man, i sure do want go into trading too, but! One single minus i got... i dont have money

And without money you perfectly know what type of an investor im gonna be

Ya its a long game, say somebody was saving $1,000 a month in a wagecuck job. Its going to take some time of saving and gains before it starts adding up.

 

[Khanivore]

Ya its a long game, say somebody was saving $1,000 a month in a wagecuck job. Its going to take some time of saving and gains before it starts adding up.

Its like a pension, if you make it big on stocks - you can actually live like a king when you retire from wageslaving

 

[WizardofSoda]

Its like a pension, if you make it big on stocks - you can actually live like a king when you retire from wageslaving

Ya say I get up to $2 million, and am making 30% a year. That is $600,000 in a year.

I am working month by month, year by year, to get more advanced in my level of my investing/trading strategy.

 

[Khanivore]

Ya say I get up to $2 million, and am making 30% a year. That is $600,000 in a year.

I am working month by month, year by year, to get more advanced in my level of my investing/trading strategy.

selling on the rise to get more money, buying at the bottom to minimize losses, and staying long-term on corps that isnt going anywhere, and we are good

It is a casino, only you can actually win something here, and you need to have some smarts about ecenomics and geopolitical situation, not just luck is involved here

Good luck, mate, and be careful there.. im saying like you not careful in the first place) nah, ur good

 

[SDU]

Ya i am in around 20-30 companies usually. I don't want to say how much but its not enough I could retire on and just live on dividends. I am getting there though.

With big gains beating the market it can be a lot. Like say someone had $100,000, and made 35% in a year. That would be $35,000. They would be still nowhere near rich.. but still $35,000 is ~$3,000 a month.

where did you learn most of your knowledge about investing?

 

[WizardofSoda]

where did you learn most of your knowledge about investing?

I mainly go to yahoo finance and read the news there and look at graphs of stocks. Then when companies release quarterly reports and annual reports and investor presentations I read those, the investor section of their websites. Things I didn't understand I looked up on google search like definitions of words in accounting. I read through the notes on the financial statements for a long time.

So over years I got more advanced. Basically what you need to be able to do is value companies. Like what would you pay if you bought the whole company. Then when companies go well below your valuation, you buy them. Of course that is just my valuation, and things change in the marketplace like a company might face headwinds or it might get tailwinds.

 

[WizardofSoda]

For example say I buy a steel company then the price of steel goes up, that is a tailwind, or if the price of steel tanks that is a headwind.

 

[WizardofSoda]

Thing is say the price of steel tanks and I am holding steel companies. Then I don't sell them when the price of steel is low. I wait and hope the price of steel goes up.

 

[SDU]

I mainly go to yahoo finance and read the news there and look at graphs of stocks. Then when companies release quarterly reports and annual reports and investor presentations I read those, the investor section of their websites. Things I didn't understand I looked up on google search like definitions of words in accounting. I read through the notes on the financial statements for a long time.

So over years I got more advanced. Basically what you need to be able to do is value companies. Like what would you pay if you bought the whole company. Then when companies go well below your valuation, you buy them. Of course that is just my valuation, and things change in the marketplace like a company might face headwinds or it might get tailwinds.

thank you for your detailed response.