I saw this on r/algotrading and cracked up. The reality is that there is no such thing as an easy buck or easy riches. You can get rich by luck but building wealth is hard. Easy bucks can disappear and they usually do. If you manage it right, wealth can stick around for a long time.
Day trading, the fast-paced world of buying and selling financial instruments like stocks, currencies, and futures within a single trading day, beckons with the promise of profit for those who master its intricacies. While the allure of quick gains is undeniable, the path to becoming a successful day trader is fraught with challenges and requires a disciplined approach. Here’s how to embark on this journey with informed confidence: Educate Yourself: The first step towards successful day trading is building a solid foundation of knowledge. Delve into the world of finance by reading books recommended by seasoned traders, and take advantage of online courses that cater to all levels of expertise. A practical way to apply this knowledge is through virtual trading accounts, offering a risk-free environment to practice strategies and understand market dynamics. This initial investment in your education will pay dividends by equipping you with the critical skills needed for real-world trading. ...
I had to adopt a strict savings plan when I lived in New Mexico. My starting salary as a junior civil engineer in 1994 was around $26,000 a year, just above the poverty line at the time. I had to adopt a frugal lifestyle to survive and set aside money for investing in the future. The things I learned back then set me up for success now and I want to share these tips with you. ...
It’s no secret that I don’t like Bitcoin but the Gold Standard has its problems too. Here’s a comparison of the gold standard vs bitcoin. The Gold Standard and Bitcoin are two financial systems that have gained widespread attention in recent years. While they share similarities in that they both offer a form of decentralized currency, there are significant differences between the two systems. Here’s a closer look at the pros and cons of the Gold Standard versus Bitcoin. ...
While I don’t share their plight and I’m struggling to not to say “stop spending on shit,” I am seeing more and more of high earning couples struggling, but this is too much for me. “On paper we’re not broke, but it feels like we are,” she recently told self-made millionaire Ramit Sethi on his “I Will Teach You to be Rich” podcast. Their last names were not used. Husband Brad works in Real Estate. ...