Stock Market - Robo advisor suggestion |
- Robo advisor suggestion
- ES pivots, currently under key 2992
- Double Death through Perfection Seeking in the Stock Market
- Expect consolidation this week. 2930-3000 SPX
| Posted: 07 Jul 2019 07:01 PM PDT For the young (<25) looking to invest (<$3000) for long/short term (1-7 years), what plat form would you recommend? And do robo advisors mean that you just give them the money you're willing to invest and let them to the rest? Like they'll invest in things like bitcoin, DAX, FTSE etc and know when to sell and buy to help you make money - basically things that newbies to investing/stock market trading like myself wouldn't know? Any suggestions for platforms like this? (Please legitimate suggestions only. And please be kind I'm still learning) [link] [comments]  |
| ES pivots, currently under key 2992 Posted: 07 Jul 2019 05:41 PM PDT Pivot at 2992/2997.... We are currently under both. Brings into play the 2980 pivot and 2963/2932 for this week. Expect if we see 2932 a V bottom into 7/19. Above 2997 brings 3015 and 3029 But apparently this is crazy talk on Reddit 😂😂😂🙈🙈Im sure I'll get slammed for posting legitimate information again 😂😂 [link] [comments]  |
| Double Death through Perfection Seeking in the Stock Market Posted: 06 Jul 2019 09:41 PM PDT One of the most common issues I see holding traders back is the desire for perfection. System traders who are Backtesting and looking for the best possible system run into a really serious problem... when you keep refining and improving and adding rules to get better backtest results, you are almost always curve fitting to past data. What was once a good solid system becomes an unprofitable abomination with an amazing backtest and zero chance of making money in real trading. The shame is, the good system can make you rich if you apply it consistently... but so much time is wasted searching for perfection that the 'good' system is discarded. I have spoken to so many traders who would reject a 20% PA system because they are looking for 40%pa returns... when I ask how much they are making now the answer is almost always the same - I am not profitable yet. So the inability to accept good returns because they want great returns creates another problem - opportunity cost. Opportunity cost is subtle, more than you think. Because if you delay systematic trading for a year because you haven't found a system good enough yet it doesn't at face value look like it costs you that much... it is only a year after all. BUT you are looking at only Year 1! If you take the 20% you could be making and compound it over 20 years (your trading career can last as long as you want... provided you don't blow up), that is a lot of money. The cost of delaying that exponential growth is felt at the back end, not in the early years. Once traders truely understand that, learning to trade properly NOW becomes a priority, because you really can't afford to wait any longer. Your future self demands that you stop whatever approach is not working and adopt systematic trading so you can start making money in the markets! [link] [comments]  |
| Expect consolidation this week. 2930-3000 SPX Posted: 07 Jul 2019 12:12 PM PDT Looking for VIX to bounce here ahead of FMOC. We closed 1 point below our 2994 Pivot. A healthy pullback towards 2930 Pre-OpEx should propell the index over 3009 which will open the doors to 3056!! [link] [comments]  |
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