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RE: My weird stock market experience
I agree it is very different. I wish you came to the workshop on stock market investing and trading we had past weekend! Even I - I complete noob - had learned a ton!
But as far as the speed you are absolutely right: cryptocurrency market is very vigorous and seems to be more lively because of volatility of currencies. Which creates the opportunity for trading more frequently.
I am actually so intrigued by the stock market investing and trading right now, after the workshop, that I really want to get a hang of a skill of a good stock market trader.
You are also right about diversification - it is good to keep eggs in different baskets.
I am a bit wary of the stock market. I am all too conscious of the fact that I know very little. Well, I guess that is the most important thing to know....
I did take the advice of an engineer friend who seemed to have done his homework on some mining companies in Australia. So I made some tentative investments there. You have to start somewhere, that's how this crypto thing began.
I do find the stocks interesting, but just too much to take in. Not enough time. I have a friend that is pushing into real estate instead...
I hope I get to share the knowledge I received last weekend in a little while - after I get it perfected through practice with paper trading and back analysis. Give me a few weeks and stick around if you are still interested - I'll be happy to share all I know.
Looking forward to it!
We are doing an crypto trading forum on MSPWaves Saturday at 11am EST if you guys are interested. I will be teaching trading lessons from my years of experience. Can find it on PAL discord channel: https://discord.gg/ZvwASjs
Thank you! I'll tell my bf - he is doing crypto.
I am getting hang of the stocks - just don't want to lose focus. :) Appreciate the invite!
I day traded stocks full-time for 5 years and options part-time for 10. Crypto is sooo much easier right now cus of the volatility. Though, it looks like the U.S. stock market is ready to crack.
agree - the gains can be much higher due to volatility. Crypto is an incredibly vigorous market. I just tend to connect with stocks better due to their longevity.
Also agreed on the stock about to take a plunge. There is a way to make money on a crashing market with options as well if you know how though.
Yes there is. I told a story on my radio show how sometimes you miss trades because of unforseen issues, which just happened to me.
Charles Schwab acquired the broker I use and they have different restrictions so when I went to put on a 295/292 debit Put spread on Monday before close I could not. Sure enough the trade was good by 10am Tues morning with the gap down...UGH.
Thanks, I will look in if I'm not having kids hanging off me!