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tfk
@timeframeking
Equities & Futures Trader | Making Supply&Demand Great Again.
Fort Lauderdale, FL Katılım Ağustos 2024
217 Takip Edilen4.4K Takipçiler

@timeframeking Learning this the hard way, but considering I’ve only been at it for a year, it’s good that I’m noticing it sooner rather than later
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Trading full-time is overrated
Unless you have millions in capital - it’s going to become way too stressful for you
I can trade full-time pretty easily now because I have $600k in my trading account
And even if I lose all of that, I still have millions in stocks to cover my ass
But going full-time trading with a $50k personal account and no other savings is a recipe for disaster
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@YolovanCoin you gotta leave the cave haha the charts will drive u insane
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@timeframeking I think the most difficult part is that the full time trading makes peeps so antisocial :D so nice to do something after the sessions
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@timeframeking Huh? $10k is all one needs so long as they have a strategy they can execute. $600k…. 🤣🤣🤣🤣🤣
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@timeframeking Most traders go full-time too early.
The account isn't ready. The pressure makes it worse.
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@timeframeking Unless you have an edge. Like me.
Only took 10 years to find it and depression, divorce......ya know!!
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@timeframeking I feel like if you do trading with mindset that even if I lose all, it will not impact much.
That can be less stressful with more outcome, as you mind will not try to play safe but to finding ways to make more money.
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@timeframeking most people should just start building something online.
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Truth is, it’s becoming “harder” for young guys to get rich than ever before
And by this - I mean it’s harder to become rich via the standard route of going to college, getting a 9 to 5 job and investing your savings into the S&P500
When you’re young (teens / 20s) - you need to be taking more RISKS
Think of the young guys who’ve become rich in the last few years
All of them have been on risky plays, whether it’s:
•Their own business that they went “all-in” on
•A crypto / investment they put most / all of their money in
•Learning a skill that might not pay off, e.g. day trading
If you’re young and don’t have kids that rely on you - you need to take MORE RISKS
A $5-10k investment into a crypto at the bottom could be worth $100,000s to millions now
But that same amount in a “safe” investment like the S&P500? Probably like $15-25k by now
Go hard on risk when you’re young
You can worry about “diversifying” when you’re old and rich
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@renzoinvest that’s exactly when it should be your only thought. you have zero liabilities and decades to recover if you miss
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@timeframeking Risk shouldn’t even be a thought in your mind at such a young age
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@timeframeking Taking risk is one thing, risking rightly is another.
Spent mid 20s taking risks in trading and investing.
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@timeframeking Most of my regrets so far have been from taking less risk
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@timeframeking I’m 26 & single.. but feel old as fuck man
time sped up so much during / since covid
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@sicksociety__ its rlly just about adapting to reality not necessarily gambling
the old path just doesn't buy freedom anymore man
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Maybe we shouldn't have a society in which the only hope for people to find financial security seems to be that they develop a gambling addiction and spin the roulette wheel enough times, with enough leverage.
People whinge that "no one wants to work anymore", and wonder why the USA is falling behind in innovation, technology, science, and experiencing a generalized 'brain drain'. We wonder why our infrastructure is ancient and neglected, why we have a nursing shortage, a teacher shortage. Why people aren't starting families, or having kids.
...well, this is why. The social contract is broken and the country has become a casino where the house wins harder than ever before, and telling people, "well, stop bitching and gamble harder" and justifying it with some nonsense Social Darwinism is a simply a tragic, cruel and tone-deaf response.
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No other job can give you the lifestyle that day trading can
Wake up, grab a coffee and check the markets
See your setup and place a trade, make $10k in an hour or 2
Go out for lunch with friends, go to the gym, go see your parents for dinner
Come back home, analyse your trade, do a bit of backtesting then chill out for the rest of the night
No boss, no customers, no clients
Just you and the charts
With the potential to make $100,000s to millions per month completely solo
It takes a few years of hard work, but once you’ve put that in the lifestyle is hard to beat

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If you’re trading a small account
Why on earth would you ever risk 1% per trade?
If you’re only trading with a couple thousand - increase your risk to 3%
Make gains faster, lose money faster
But at least if you’re right (and can actually trade) you’ll reach a respectable level of capital much faster
If you’re risking 1% per trade on a couple thousand in capital, you’ll be stuck trading peanuts for years
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@MalloyAlgos it’s just basic math. risking 1% on $2k means you're making $20 a trade. that’s not paying any real world bills
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@timeframeking completely disagree.
"respectable level of capital" is completely subjective and comparing your capital to somebody else's is a great way to get rekt fast
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tfk retweetledi

.@timeframeking bought BTC at $3K in 2019, then met his mentor who quit social media.
"You don't hear about the best ones"
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