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  • #75,641
  • Apr 15, 2012 2:15pm Apr 15, 2012 2:15pm
So...do we break low or go up to meet the top TL again in this triangle


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  • #75,642
  • Apr 15, 2012 2:16pm Apr 15, 2012 2:16pm
7-8% is high? fuck i'm poor....

Quoting pkimnyc
there are high yield stuff that pays 7-8% div per year. those are nice holdings you might wanna think about building. you can do the math.
dreams do come true.
  • #75,643
  • Apr 15, 2012 2:19pm Apr 15, 2012 2:19pm
Quoting Rolland
I'm 24 with limited student debt.

Maybe find a good balance point regarding acct size vs. withdrawals to put into a HY portfolio would be the next logical step.

For example, maybe once X% monthly return is equal to $Y, then withdraw Z% from profits for deposit into high yielding portfolio?
even with starting 100$ account.. 1% a week. and it does not take the lifetime of a rat to become wealthy. you will be compounding it plus leverage. cherry pick. don't trade just to trade. book winnings.. at or near e-close is a good place to do it more times then not.
those who can, do. those who cant, talk about those who can
  • #75,644
  • Apr 15, 2012 2:20pm Apr 15, 2012 2:20pm
Quoting wannaberich
7-8% is high? fuck i'm poor....
last month I did 50% on Fx.... Just be a little more patient and you can do ok
  • #75,645
  • Apr 15, 2012 2:20pm Apr 15, 2012 2:20pm
Quoting wannaberich
i definitely need income from trading

sick of paying u guys...
Its the constant market changing that gets me. I got ran over in jan/feb this year. Now ive adapted to the market again bit man that was annoying. Only thing that kept me in the game was mm
  • #75,646
  • Apr 15, 2012 2:24pm Apr 15, 2012 2:24pm
Quoting needpips
So...do we break low or go up to meet the top TL again in this triangle


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This one comes first , I'm sure your aware...GL!
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  • #75,647
  • Apr 15, 2012 2:25pm Apr 15, 2012 2:25pm
Quoting wannaberich
7-8% is high? fuck i'm poor....
considering fed interest is at almost 0. it is highest i've seen these days.
  • #75,648
  • Apr 15, 2012 2:28pm Apr 15, 2012 2:28pm
Quoting needpips
last month I did 50% on Fx.... Just be a little more patient and you can do ok
fx, you manage. use those for growth. use the income portfolio to pay you div.

idea is to make money with fx, put the profit into income funds. by the time you accumulate significant amount, you're set for life. no more hassle with trading.
  • #75,649
  • Apr 15, 2012 2:30pm Apr 15, 2012 2:30pm
Quoting gatorinla
if we dont dive after open.. looking to enter probably 3121/22 (just need a reason).. on a spike toward 3175... the same old r at 3072 3111 3150
3155 is a r also.. in the sequence with 3111 3072 3035 and the others on the 2962/3587 chart. 3121/22 is just the half way point from 3068/3175
those who can, do. those who cant, talk about those who can
  • #75,650
  • Apr 15, 2012 2:32pm Apr 15, 2012 2:32pm


Quoting gatorinla
... don't trade just to trade. book winnings.. ...
dreams do come true.
  • #75,651
  • Apr 15, 2012 2:33pm Apr 15, 2012 2:33pm
if we break the l tl .... we still may bounce at 3015/16
those who can, do. those who cant, talk about those who can
  • #75,652
  • Apr 15, 2012 2:33pm Apr 15, 2012 2:33pm
Quoting pkimnyc
fx, you manage. use those for growth. use the income portfolio to pay you div.

idea is to make money with fx, put the profit into income funds. by the time you accumulate significant amount, you're set for life. no more hassle with trading.

I prepay things with my Fx stuff...like pay debt / pay my electric bill for the entire year up font....I dont make tons of $, only because I made a shit ton of money the first 3 months when I started (like 50K in 2 months)....thought I was a pro....turns out I was stupid lucky.....then I lost it all exept like 10% 2+ yeras later..here i am...steady goes the tortoise .. remember I made 50K in 2 months....lost that plus the seed $....u dont want to know.... Its all good though....I feel as if I can always trade a profit every 4 weeks....FWIW
  • #75,653
  • Apr 15, 2012 2:33pm Apr 15, 2012 2:33pm
Quoting gatorinla
if we break the l tl .... we still may bounce at 3015/16

1.29 for longs if we break down...IMHO
  • #75,654
  • Apr 15, 2012 2:34pm Apr 15, 2012 2:34pm
true but how much would one need to live well of a 7-8%? fuck, i'm poor

Quoting pkimnyc
considering fed interest is at almost 0. it is highest i've seen these days.
dreams do come true.
  • #75,655
  • Apr 15, 2012 2:36pm Apr 15, 2012 2:36pm
Quoting wannaberich
true but how much would one need to live well of a 7-8%? fuck, i'm poor
if you have 1m, 80-70k /yr from div.
  • #75,656
  • Apr 15, 2012 2:37pm Apr 15, 2012 2:37pm
totally with u there. waiting the weekly cam levels on my indi at open (i can't do that math by hand because of my foot ... or i'm just too lazy)

my view we'll get there tuesday or wednesday.

Quoting needpips
1.29 for longs if we break down...IMHO
dreams do come true.
  • #75,657
  • Apr 15, 2012 2:41pm Apr 15, 2012 2:41pm
Id place a sh at 1.3133-ish as well...Ill wait till a level touches....damn I love this shit
  • #75,658
  • Apr 15, 2012 2:42pm Apr 15, 2012 2:42pm
if i had one mil i'd... i'd... fuck i don't know what i'd do LOL.

Quoting pkimnyc
if you have 1m, 80-70k /yr from div.
dreams do come true.
  • #75,659
  • Apr 15, 2012 2:42pm Apr 15, 2012 2:42pm
Quoting Rolland
What kind of passive income source would make the most sense after eliminating student and other debt, and properly funding my trading account?

A portfolio of high yielding assets?
--It would take a long time to build enough to have reasonable income

Rental property?
Small business?
--With these I feel there are substantially more risks and headaches, however you could conceivably be free-er working for yourself (which is the goal anyway)

Just compound trading account while managing BS job and misc other BS?
--Seems the most feasible

Anyone...
fak real estate especially with wall streets ability to just destroy your asset at will and hang you out to dry...

deff be your own asset. trading is the only true recession proof business in my eyes...

passive income biz? fak pool your cash together and loan your money out holding bank accounts and paychecks as collateral... (payday loans) fuckin gold mine bro..

plus once u get a decent sized trading account it might as well be a passive income... 2-3 trades a week and your good
  • #75,660
  • Apr 15, 2012 2:43pm Apr 15, 2012 2:43pm
Quoting Rolland
Debt elimination and the construction of passive income as a safety net for an independent trading career.
If you got the funds I would say
1. eliminate debt
2. invest large part of the rest in a commodity fund like Jim Rogers Agricultural Fund or/and Jim Rogers Int. Comm. Index Fund and don't trade with it at least for 10 years

If you don't got the funds I would say, ask yourself at what you are really good and exploit that to the limit and invest/trade after you have been successful
Don't be a hero. Don't have an ego. Always question yourself
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