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I’ll be honest, I’m so tired of this attitude that the average joe shouldn’t be actively trading. Getting high returns with billions of dollars is hard. Doing i

I’ll be honest, I’m so tired of this attitude that the average joe shouldn’t be actively trading. Getting high returns with billions of dollars is hard. Doing it with hundreds of thousands is much easier. It’s brainwashing to say otherwise. You can’t compare the two, or listen to experts from the former. It’s a completely different discipline.

pmiller2 6y ago
Active trading is essentially market timing. Do you think you can time the market more profitably over a 15+ year time period than just buying and holding broad-based index funds?
- internetslave 6y ago
  Enough of this nonsense. Plenty of people make money. Apply leverage to the SPY, your returns wildly outpace index returns
  - pmiller2 6y ago
    Three facts, then: * Most investors' returns are below index returns. * If everyone starts leveraging the index, that strategy becomes less effective. * Leverage subjects you to even bigger drawdowns than just buying the index. Do you think the average investor, who can't even manage drawdowns from the index can handle drawdowns bigger than drawdowns on the index? Besides, who said people don't make money? Also, notice how you switched from "active trading beats passive indexing" to "leverage the index." Are you saying you can't time the market? That you don't have the ability to make correct decisions about both when to get in and when to get out?
    - internetslave 6y ago
      Leverage the index is just a dumb strategy that works. If you bought TQQQ ten years ago, you made more than 70x your money. I bet you the next ten will also see wild returns. I used to work in finance. I’m sorry that you’ve been reading that index funds are the end all be all, but they’re really for people with no time or no brain cells. If you were leveraged in March and held through the draw down, you are massively up. NYC is full of prop shops with a few employees making 100% returns on a five million dollar portfolio. Just because you’ve never heard of those places doesn’t mean they don’t exist. Stop polluting the world with your middle class ideas of money management
cauliflower2718 6y ago
Could you say more on how to do this?
- internetslave 6y ago
  Just put 50k in TQQQ and walk away. Come back in a decade. Last decade it returned 70x. Likely that won’t happen again, but Id bet my life it goes up at least 15x. Just leverage the index.
villasv 6y ago
The average Joe in my mind doesn't have hundreds of thousands to invest, let alone in illiquid assets such as stocks. If your Joe has enough saved to feel comfortable gambling with a few thousand bucks then sure, actively trading might be worthwhile.

pmiller2 6y ago

Active trading is essentially market timing. Do you think you can time the market more profitably over a 15+ year time period than just buying and holding broad-based index funds?

internetslave 6y ago
Enough of this nonsense. Plenty of people make money. Apply leverage to the SPY, your returns wildly outpace index returns
- pmiller2 6y ago
  Three facts, then: * Most investors' returns are below index returns. * If everyone starts leveraging the index, that strategy becomes less effective. * Leverage subjects you to even bigger drawdowns than just buying the index. Do you think the average investor, who can't even manage drawdowns from the index can handle drawdowns bigger than drawdowns on the index? Besides, who said people don't make money? Also, notice how you switched from "active trading beats passive indexing" to "leverage the index." Are you saying you can't time the market? That you don't have the ability to make correct decisions about both when to get in and when to get out?
  - internetslave 6y ago
    Leverage the index is just a dumb strategy that works. If you bought TQQQ ten years ago, you made more than 70x your money. I bet you the next ten will also see wild returns. I used to work in finance. I’m sorry that you’ve been reading that index funds are the end all be all, but they’re really for people with no time or no brain cells. If you were leveraged in March and held through the draw down, you are massively up. NYC is full of prop shops with a few employees making 100% returns on a five million dollar portfolio. Just because you’ve never heard of those places doesn’t mean they don’t exist. Stop polluting the world with your middle class ideas of money management

cauliflower2718 6y ago

Could you say more on how to do this?

internetslave 6y ago
Just put 50k in TQQQ and walk away. Come back in a decade. Last decade it returned 70x. Likely that won’t happen again, but Id bet my life it goes up at least 15x. Just leverage the index.

villasv 6y ago

The average Joe in my mind doesn't have hundreds of thousands to invest, let alone in illiquid assets such as stocks. If your Joe has enough saved to feel comfortable gambling with a few thousand bucks then sure, actively trading might be worthwhile.