Trading versus investing

DX'd - Other
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I am going break-even in trading, having made no money in the last 2 years.

I put some money in dividend-payers like 7 months ago, and I have a return of about 45 percent on them so far in those 7 months.

What should I do? Should I just invest rather than trade, or will I be not this lucky investing always?

Secondly, it means that my trading strategy is a flop. My ideas are not working, and if I trade, I need to rework my strategy from scratch. I am now looking at machine learning methods. Hopefully, I have a strategy ready in 6 months which works.

But, I must say, without smoking now, it is hard to concentrate on this stuff.

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Everybody has a system when it comes to investing in the stock market and most people lose money.

My strategy would be buy an index etf and hold it for 20 years. But I’m 54 so it’s a bit late to do that now. However, I could still lose money doing that.

Brilliant minds have been humiliated by the stock market!

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Absolutely, Long-term capital management, a fund, which went bankrupt had two Nobel Laurates working for it. So, it is an understatement to say that, brilliant minds have been humiliated by the stock market!

I have beaten the index here by a margin investing, whereas I have nothing to show in trading. Need to change my trading strategy.

Btw on the other hand, if you invested 100 dollars in renassance technologies 30 years ago, you would have 500 million dollars now, a CAGR of around 70 percent. So, the winners, like the casino, have also been making a killing in the stock market.

Some lose, and some win-- it is like a sport, somebody has to lose for somebody to win.

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I dunno a little bit ago a friend bought some nvidia stock now there up 30k.

"Ai " stocks are in the hype cycle

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I am not completely aware of what is happening in the US market, but yeah, I also hear the same, the AI stocks and bitcoin have been going up very, very fast. Such rapid advances call for rapid falls, I mean it can’t be like this forever. But, whoever rode up the wave is fortunate.

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Bitcoin is around 70000 currently, and I feel it may cross its prior high this time around.

However, in the long-term it will lose 95-99 percent of its value, I am sure, but right now it is in a bull run, and there is no stopping it.

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Yeah for sure thats what we call the hype cycle. Everyone fears missing out on the next big thing then interests wanes and people cash out.

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Thats what everyone thinks, until it stops and then they panic and sell at a loss lol

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yeah definitely you got to know when to hold it, and when to fold it :wink:

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Ha ha, already sold my NVIDIA.

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I think my folks bought some a year ago or something havent sold yet. They just mentioned it.

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My rule is to sell when I have more than doubled what I put in even if it is still going up. Keeps me from hanging on too long. You don’t make as much, but you don’t lose.

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Its a good move. Pretty hard to predict what happens but as long as you make some on the way thats great

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I have problems with self control and money.

I have more interest in energy drinks and am constantly broke and never made any money in investing or trading, but lost money. I am horrible and it’s super depressing now.

I feel really pissed and bad that people on disability cannot have more than 2k in assets/savings. It keeps you poor and I realize the laws won’t change.

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I never had any bitcoin or made any money but I tried mining one time and the mining rig was returned because it didn’t even work. I bought a GPU when bitcoin was 400-500 a coin back in 2014/2015 or something.

I really believe in bitcoin and I would be a bitcoin maximalist and think it could be 1-10 million a coin some day. I don’t think it will lose it’s value unless something significant changes, it’s banned in usa, or satoshi sells all his coins at once, etc.

I knew about bitcoin back in 2011 when it was like 40 bucks a coin. I was just too sick to buy any and pay attention. I would say given my circumstances, I would have sold or lost the password or something before making money. It’s volatile and can lose 50% of it’s worth in a day or week even. It’s probably a bubble but I 110% think it’s Not a ponzi scheme, but the whole crypto market probably needs to be regulated a bit and the community can be very toxic to me.

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If bitcoin would only be worth as much as the US dollar 1 to 1 and you could use it to buy anything would you still believe in it?

Or do you only believe in its speculative potential value?

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Fun story: My uncle once ‘told me’ that I knew about bitcoin when it was a dollar or 100 dollars or something back in 2011 when I got back from college. I tried to get him to buy 1 coin or a 100 coins by spending $100. I think it’s a God thing that God puts barriers or blocks in our ways to prevent some of us moving forward in life or getting rich. I had schizophrenia at the time and lost touch with reality. He never bought any. With the odds of him selling after; or an exchange going bust; or losing the password, 99% of people are like that tbh.

He since changed his mind and said it was like $100 a coin. But ya, I have memory problems and even thought I was cloned by the Illuminati (“government”) or aliens back in 2011 or even put through mk ultra monarch. I had other weird thoughts and delusions too like “grandfather paradox”, time travel paradoxes, etc. and that we lived in the matrix even. Probably my dumbest delusion was I had kids or something, even though I don’t and never had a girlfriend or sex. It’s just a delusion with no proof or evidence, really. It’s something I made up because I experience a time traveling paradox. I feel like I keep reincarnting back to my early twenties, going to parallel universes and stuff lol. I tried making sense of my reincarnation cycle.

He could have been rich or I tried to help him, but most people (my entire family doesn’t believe in Crypto), especially back then didn’t understand it, believe in it, or got hostile even, or thought it was a scam or too volite, or weren’t even remotely interested in it. Some people think it’s a bubble or Ponzi scheme or MLM or some crap, but it’s not. It’s roots are in Libertarianism and Cypherpunks and I researched the crap out of it. Even got grandiose and delusional about it…

Most folks don’t even fathom that there is no physical coin or coin even, but just a set of public/private keys, and you are buying a ‘coin’ for use on the network, I guess. The network itself is worth the money. It gets rid of all middle men and it’s just p2p electronic cash, I guess. People store there bitcoin in wallets but I read the public keys are stored on the network; while private keys are your password. I don’t know much anymore.

It’s a digital cash system (volatile) based on supply and demand, with no price control (like stable coins) and
is decentralized and attempts to solve double spending problem using blockchain.

I’m honestly surprised I never bought any or invested in Tesla or Apple or anything at all. I don’t have any money or anything.

It’s not real and a delusion.

People get all conspiratorial like it’s the Mark of the Beast or it will go to zero because of the Illuminati and CBDC or something replacing it because the Illuminati won’t allow that stuff and will eventually be destroyed.

Just my thoughts…

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I believe at the beginning it was pssibly about try to disrupt a system or to send a message.

Now its just about speculation, profits, and shady activity

Lets face it, no one actually uses bitcoin to buy everyday items. The only transactions going on are for profits, scams, and criminal activity.

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That just made me think i wonder what consumes more electricity right now, bitcoin mining or machine learning?

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I don’t know. But bitcoin (buttcoin?) uses a lot of electricity. Probably too much to the point, I think it should have never been developed or invented. I don’t obsess about it anymore – the electricty part.

People debate about that stuff.

I think it should be regulated (like Kevin Olearly) stated because then it could be more legit and used for retirements and investments and stuff like that and stuff. It’s still volatile and speculative. I view it as digital gold and admire people like Michael Saylor and stuff whom Iisten to all the time.

I think eventually bitcoin will either die or fade away or be used more and more. It’s not entirely anonymous because it lacks zero knowledge proofs, which is a good thing or debatable.

I cannot stand scammers and hackers and evil people. Maybe it shoud have never been invented, but I’m nothing – a nobody.

I don’t know (who) or (why) invented it. It doesn’t matter anymore. It’s not illegal in USA and the guy is probably gone or lost his money. People made a big deal about it.

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