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This happened in 1998-1999 too. People got online trading accounts, did great and then decided to try to invest for a living. You should not take investment a
by georgeecollins 4y ago
This happened in 1998-1999 too. People got online trading accounts, did great and then decided to try to invest for a living.
You should not take investment advice from people who have been doing it less than a decade. It takes time to sort out the lucky from the smart.
- mumblemumble 4y agoI would even argue that a decade isn't necessarily enough time. The decade in question might have been the 1990s.
- t_mann 4y agoOr the 2010's.
- smsm42 4y agoUnless you're going to do it for living and really invest hard into educating yourself, I don't think you should also take the investment advice from people who have been doing it for more than a decade, unless the advice is "buy index funds and HODL" (I maybe exaggerate a bit, but boiled down to the essence that'd be it). For a common person that doesn't plan to make a career out of it and spend a lot of time honing one's skills, daytrading is rarely going to pay off, IMHO. You can do it for fun, there are more expensive hobbies probably, but as a means to support yourself in the old age... well, you might get lucky. Or not.
- bagacrap 4y agoif you've been doing it for more than a decade, hopefully that is the advice you will share
- bombcar 4y agoHeh I made 30% trading! Of course had I just let it ride in an index fund I’d’ve made 50+%…
- nightski 4y agoNah a lot of the tech and meme plays were up hundreds to thousands percent returns. Of course they were hit the hardest in the down turn, but the money making potential was pretty insane.