- Joined
- Sep 21, 2014
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I start this thread because after years of on and off commitment to investing in the stock market through day trades I have come to the realization I will use this method In order to start my journey. My experience in the market is very long (8 yrs + on and off) and with the advent of Robinhood(stock trading platform for smartphones) where there is no commissions and has pattern day trader alerts so I don't get flagged . This has been my problems for YEARS. With these main problems off my shoulders, I've been recently focused on just making money . I'll post my own capital amount and the % currently gained on it. I believe everyone has their aptitudes and it's no doubt for me that I see a good start off the ground through the markets.
Current goal : capital gains of 300% on the money I invested for myself by this time next year 02/11/2016
Current status: Invested $2,000 %earned:25%
Disclaimer: I have a lot of philosophies and they have worked for me as I etched them in my soul from my very own experience and not from any other books and what not. Other words there not "conventional".
Problems I've had faced in the past:
* was mismanaging money (spending every dollar earned) and starting from scratch for the 4th time.
*trying the manage other people's money, however, there was a conflict of interest as the lines were not clearly drawn out on how profits were to be split or how losses would be handled.
*Day trade calls and preventing becoming a "pattern day trader" which prevents me from buying and selling a stock on the same day which for me is a huge loss of control as I live hours at a time and prevents a lot of losses from occurring.
*being entrusted with capital from family only to let my opportunity to be squandered by spending it all selfishly on whatever desire I had in the moment.
Current solutions this time:
*Keep me accountable through this thread and just letting the outside world(person and the internet) know what's going on with my balance.
*I decided I'm not mature enough to handle other people's monies for them because I myself am learning to be professional with my own money however I will take in zero to very low-interest loans from friends and family to increase the $ rate of return on my account as I consider it my own money and I really do take care of my own money more than I believe anyone else would . It also keeps nonsense to a minimal as I just focus on the stocks I choose and no emotions, feelings, worries, or any other communications that are required when handling monies of others.
*Robinhood the app has in itself removed this by having a prevention and lots of notifications .
*So since my reputation within my family is I mismanage money (very different from losing money) is that I'm a high risk to give money to. In this regard, I pled and just wouldn't give in because I believe in myself this time around I will not stop until I meet my own goals one year at a time. I'll give my login and whatever it takes to get a loan and with careful and a lot of heart I got a loan of $1,000, sure its not the max I can borrow which is 6k but ITS BETTER THAN 0! And forward looking as I am If I can prove myself for at least 6-9 months that I am responsible and profitable that I can afford to have a greater loan given to me to be used as capital in the future.
So with this I'm glad to finally be apart of the EXECUTION TREAD ! and hope yall all keep tabs and supportive motivation throughout this long journey (years seem like a lifetime to me)
If I face problems that deal with money management ( I KNOW I WILL) I will ask this forum so please stick with me to help as I really appreciate everyone who contributes to this forum and has worked hard to learn their own fair share of knowledge .
Current goal : capital gains of 300% on the money I invested for myself by this time next year 02/11/2016
Current status: Invested $2,000 %earned:25%
Disclaimer: I have a lot of philosophies and they have worked for me as I etched them in my soul from my very own experience and not from any other books and what not. Other words there not "conventional".
Problems I've had faced in the past:
* was mismanaging money (spending every dollar earned) and starting from scratch for the 4th time.
*trying the manage other people's money, however, there was a conflict of interest as the lines were not clearly drawn out on how profits were to be split or how losses would be handled.
*Day trade calls and preventing becoming a "pattern day trader" which prevents me from buying and selling a stock on the same day which for me is a huge loss of control as I live hours at a time and prevents a lot of losses from occurring.
*being entrusted with capital from family only to let my opportunity to be squandered by spending it all selfishly on whatever desire I had in the moment.
Current solutions this time:
*Keep me accountable through this thread and just letting the outside world(person and the internet) know what's going on with my balance.
*I decided I'm not mature enough to handle other people's monies for them because I myself am learning to be professional with my own money however I will take in zero to very low-interest loans from friends and family to increase the $ rate of return on my account as I consider it my own money and I really do take care of my own money more than I believe anyone else would . It also keeps nonsense to a minimal as I just focus on the stocks I choose and no emotions, feelings, worries, or any other communications that are required when handling monies of others.
*Robinhood the app has in itself removed this by having a prevention and lots of notifications .
*So since my reputation within my family is I mismanage money (very different from losing money) is that I'm a high risk to give money to. In this regard, I pled and just wouldn't give in because I believe in myself this time around I will not stop until I meet my own goals one year at a time. I'll give my login and whatever it takes to get a loan and with careful and a lot of heart I got a loan of $1,000, sure its not the max I can borrow which is 6k but ITS BETTER THAN 0! And forward looking as I am If I can prove myself for at least 6-9 months that I am responsible and profitable that I can afford to have a greater loan given to me to be used as capital in the future.
So with this I'm glad to finally be apart of the EXECUTION TREAD ! and hope yall all keep tabs and supportive motivation throughout this long journey (years seem like a lifetime to me)
If I face problems that deal with money management ( I KNOW I WILL) I will ask this forum so please stick with me to help as I really appreciate everyone who contributes to this forum and has worked hard to learn their own fair share of knowledge .
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