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bigbum
03-31-2022, 10:00 PM
i am excited to share my day trade earnings for this month! ill post it tomorrow!

bigbum
04-03-2022, 10:09 PM
my march day trade earnings the First Full Month of Day trading.
I traded with an account with a size of $1,500 to $2,500 per trade.
using my cam earnings to cut through settlement time so I could trade more frequently. No margin account needed due to steady cam earnings.

$794 total.
my next goal is $1000
and then $3000 to $7,000 ( i will need a larger account size in order to accomplish this )
56965

SapphireXO
04-04-2022, 10:00 AM
Hell yes! Passive income is the best income.

bigbum
04-04-2022, 10:44 PM
Hell yes! Passive income is the best income.

i would love to transition to full time day trading in the next 2 to 5 years so i can retire in france from passive income. thats my end game.
ill have 5 years tax free when i move to france. so ill need to make the most of that time/earnings.

SapphireXO
04-06-2022, 06:31 AM
All these mergers and splits this year it's semi-overwhelming. I threw $1000 into ETH because ETH and ETH2 are merging together. Crypto is so volatile anyways. I do feel like decentralization is the future so I'm in!!!

bigbum
04-07-2022, 11:19 PM
All these mergers and splits this year it's semi-overwhelming. I threw $1000 into ETH because ETH and ETH2 are merging together. Crypto is so volatile anyways. I do feel like decentralization is the future so I'm in!!!

i had to google what ETH was. lol. i am behind by living here in mexico these days. yish

ava$
04-07-2022, 11:46 PM
my Canadian portfolio is with robo-advisors in low cost ETFs

For 2022 my goal is to max out my RDSP so that the government will match my contribution. Last year when I deposit $3,500 the government added in $10,500 so that is the plan for 2022 deposit minimum $3,500 and get my government contribution match.

Max out my TFSA this year with $6,000 my total contribution room is $81,212.

I keep my investing simple and boring. and I track my net worth on my youtube channel.
Wait, whaaat Canada contributes to your retirement!!??? Wtf, the US don’t do ish but not tak you on your little 6k per year Roth contributions… damn Biden needs to change that BS… I’m blown away by this I had no idea Canada was so great! Anyways, I have a vanguard account for my Roth contributions and just invest from there.. the target retirement year 2050 is down like a mf but s&p is not as bad still bad tho

SapphireXO
04-11-2022, 01:36 PM
Get those accounts loaded with settled cash ladies. I already got a notification of one of my watch list stocks hit a 52 week low. I don't day trade so I'm still not interested yet. Multiple economic YouTubers and mainstream economy experts are saying a -20+% market correction will happen or recession indicators are flashing. Even my ETH buy is down -10% from last week. Crypto is so volatile that I am not surprised.

I'm getting ready to buy! Whether it's now or in 5 years. When it's buying time - I'm buying!!

bigbum
04-11-2022, 11:01 PM
i am tied up in a few trades . hope to make some good profits this week. i bought low and i cant wait to sell them high by friday or next week at the latest
i am hoping for at least 1k profit this month from day trading ofcourse all depended on my camming income.

bigbum
04-11-2022, 11:52 PM
Get those accounts loaded with settled cash ladies. I already got a notification of one of my watch list stocks hit a 52 week low. I don't day trade so I'm still not interested yet. Multiple economic YouTubers and mainstream economy experts are saying a -20+% market correction will happen or recession indicators are flashing. Even my ETH buy is down -10% from last week. Crypto is so volatile that I am not surprised.

I'm getting ready to buy! Whether it's now or in 5 years. When it's buying time - I'm buying!!

yesss the power of settled cash!

anonamiss
04-28-2022, 03:49 PM
Anyone from the US here buying I-Bonds? If you're on other finance forums chances are you've seen people hyping them up the past couple of months. I only just learned about them this week but it's not a very complex idea to grasp. I feel like they are a good low-to-no-risk place to park some cash, and figured some of you here may be interested.

TLDR: I-Bonds are currently experiencing historically high return rates due to inflation. Currently the semi-annual rate is 7.12%, and it is set to increase to 9.62% on May 1st. If you make a purchase by today, you can effectively lock in these rates for one year. If you can't contribute by today (April 28th), you can still make a purchase in May and get six months of interest at the 9.62 rate, but the next rate is currently unknown. It's based on inflation so it theoretically could go higher. Even if it dropped drastically, you would still come out with a decent average return, at least compared to the garbage rates that savings accounts & CDs currently offer. But it cannot drop below zero either way, so no matter what you won't ever lose your principal amount, making it effectively risk free.

Important: you can't touch the money for one year, and if you cash it out before five years is up, you will incur a penalty worth three months of the most recent interest. The max contribution for a single person is 10k per year, but there are several ways to buy more under certain circumstances (if you're married, you give/receive the I Bond as a gift, etc.) Also: the only way to buy them is through a government website called Treasury Direct, and it is notorious for being a clunky, frustrating experience with a very dated website interface. Personally I didn't think it was *that* bad, but others have run into huge hassles, so YMMV.

Here is the article/FAQ I initially stumbled on: https://www.doctorofcredit.com/u-s-treasury-i-bonds-faq-when-to-buy-10000-i-bonds-april-or-may-and-more/
and then did a bit more research to be sure I fully understood how this all worked.

I basically decided to use this opportunity the way I would treat a CD or HYSA with a decent interest rate. I took a portion of my six month emergency fund money and used it to buy I-Bonds, knowing I will get a minimum guaranteed return of around 8.5% in a year. (Even if I incur penalties from taking it out early, I'd still get a relatively decent return.) I still kept a few months of expenses in my regular savings just in case. Depending on the state of inflation and future I-Bond rates, I may continue to ladder in contributions and make it a safe spot to park my emergency fund over time while it earns interest. And if interest rates on CDs/HYSAs ever return to something decent, I can always redeem the I-Bonds and park the money back in a regular savings account.

This thread seems to be full of more aggressive investors/risk takers, so you may not agree with any of this being worth the trouble. But I am just getting into investing and am still insanely risk averse, and this it seemed like a great opportunity for safe, short term, relatively high returns.

Erika_Xstacy
04-29-2022, 02:19 PM
I wish I did have money to place in a bond. but no.
Ty tho for all this bc bonds are so frowned upon and I never fully understood why but that article helped a lot.
Maybe in my future I can invest.
as far as stocks I am comfortable to buy dividends and low risk .. everything feels risky in the stock market even on good days
I buy low and hope they will go high.

to me I guess you can compare it to a video game. its fun.

Im not putting a lot into it at all
I don't have thousands in stock
i feel like you have to have hella money invested to play comfortable in the stock market to make a livable wage

bigbum
05-01-2022, 12:50 AM
ugg the market has been sooooo down this month.
i am holding a few stocks i thought were just going to be day or few day trades but have been a few weeks now
ill unload them soon , but until then i wont be putting more money into the market for the next few weeks.
i only ended up with $171 profit for the whole month of April, compared to doing so well last month at just shy of $800.

it goes to show that i have a long ways to become a full time trader and be able to depend on it instead of camming.

anonamiss
05-01-2022, 10:04 AM
i wont be putting more money into the market for the next few weeks..

on the flip side, i am seeing the market being down as a great time to buy... it will go back up eventually so may as well buy in on sale.

buying those i-bonds i mentioned in my last post was technically the first thing i've ever done in a financial/investment sense, outside of using straight savings accounts. it lit a fire under my ass so i'm about to finally open up a fidelity roth ira and throw it at some total market index funds. i've been talking about it for years but felt too scared for whatever reason it all just clicked recently. this seems like the perfect time (a market downturn) to get started.

SapphireXO
05-02-2022, 11:43 AM
I have a lot of long-term holds and I don't want to pay capital gains taxes. Which then increases my taxable income too. Buying-Selling-Buying is so time-consuming. Time in the market always beats timing the market. All of the companies I purchased into are great long-standing portfolio builders IMO. Settled cash is king. Easy in and out of the market if you time it correctly. I am actually doing the opposite and flooding my trading account with cash. Just sitting in cash until it's the right moment to buy. I have a watch list that once those stocks hit those lows, I am so in! However great companies like Amazon and Intel for example are at like 20-30% lows right now.
57097

MissAdriana
05-06-2022, 09:05 AM
Ladies I'm bookmarking your book recommendations to read

I think we can all agree there are steps to investing in camming. Like don't buy a boob job before you even have a decent webcam. (Of course there always exceptions)

Do you think there are steps to investing ? Something you should do first and last?

Erika_Xstacy
05-06-2022, 09:39 AM
I go for long holds. I Buy low. I don’t mind money sitting.
Right now is a good time.
My portfolio is 75% precious metals. Gold is dominating my portfolio.
And 1 single AT&T
Right now I’m watching silvers

I’m just a novice that likes to see lows when buying and the highs after the transactions. I feel safe with metals bc it’s a easy sell


I just look through the history of each stock. Study it but not too hard

anonamiss
05-07-2022, 02:01 AM
Ladies I'm bookmarking your book recommendations to read

I think we can all agree there are steps to investing in camming. Like don't buy a boob job before you even have a decent webcam. (Of course there always exceptions)

Do you think there are steps to investing ? Something you should do first and last?

yes i think there are basic financial steps to consider. a general consensus you'll see on a lot of finance forums such as r/personalfinance is to first create and stick to a budget/get your spending under control, pay down your debts, and have a decent emergency/savings fund in place before you start throwing your money into investing.

then when you're ready to invest, most will recommend starting with a tax advantaged account like a roth IRA. but your personal investing journey will be based on a lot of factors, most notably how much risk you want to take.

SapphireXO
05-25-2022, 01:53 PM
It's almost buying time for the Ford Motor Company stock. I hate to say it but they are a company that was 1) bailed out by the government so they are too big to fail apparently 2) if WWIII starts, they are a company that almost instantly transfers it's factory lines to war equipment. It's on my buy list after $8/share.

Erika_Xstacy
05-25-2022, 02:28 PM
https://youtu.be/7PM4rNDr4oI

bigbum
01-21-2023, 10:28 AM
WITH TAX SEASON coming up. I wanted to re bump this thread to see what interesting tax deductions we can come up with (for usa models)
as well would love to discuss how much you owe based on your earnings,.
this year I am going through H and R block. working with a tax advisor.
should be interesting.

lets get those deductions ladies!