Everyone wants to know the secret to turning $1,000 into $100,000. I'll tell you the secret right now: Most people trying to grow small accounts fast end up with $0. I know because I've blown up three small accounts trying to get rich quick. $5,000 to zero. $8,000 to zero. $12,000 to zero. Each time…
Finance
Let me tell you about the most expensive identity crisis in finance: not knowing if you're a trader or an investor. I've watched people lose fortunes because they thought they were investing when they were actually gambling, or trading when they were actually just paying commissions to their broker while destroying their net worth.Here's…
I'm gonna tell you something that'll piss off every technical analysis guru on YouTube: Fibonacci retracement is astrology for traders. It "works" because enough idiots believe in it that it becomes a self-fulfilling prophecy. There's zero scientific evidence that markets give a shit about mathematical ratios discovered by some Italian dude counting rabbit fucking patterns…
Alright, you absolute degenerate. You're not satisfied with regular crypto's 50% daily swings. You want leverage on your leverage. You want to trade options on magic internet money that already moves like it's on crystal meth. You want crypto options. God help you.I've been trading crypto options since 2021, back when Bitcoin was "definitely…
I'm gonna tell you about the strategy that lets me make $8,000-$12,000 per month while checking my phone maybe twice a day. No day trading. No staring at charts for 8 hours. No anxiety attacks when SPY drops 0.5%. No waking up at 4 AM for pre-market.This is swing trading options, but not the…
Listen up, because I'm about to save you from making the same $47,000 mistake I made when I started trading forex. You know what I did my first week? Jumped straight into trading the Turkish Lira because some jackass on YouTube said it was "volatile and full of opportunity."Volatile? Yes. Opportunity? Sure, if you…
Forex was supposed to be my path to easy money. Trade 24 hours a day! 100:1 leverage! No PDT rules! What could go wrong? Everything, as it turns out. I lost $40,000 in my first year trading forex because I jumped into exotic pairs with maximum leverage, no understanding of correlations, and the risk management…
I spent three years with my charts looking like a Jackson Pollock painting - 15 different indicators, 8 moving averages, Fibonacci levels everywhere, trend lines crossing like spaghetti. You know what all those indicators told me? Absolutely nothing useful. They contradicted each other constantly, and I lost $30,000 paralyzed by analysis while trying to get…
I spent three years with my charts looking like a Jackson Pollock painting - 15 different indicators, 8 moving averages, Fibonacci levels everywhere, trend lines crossing like spaghetti. You know what all those indicators told me? Absolutely nothing useful. They contradicted each other constantly, and I lost $30,000 paralyzed by analysis while trying to get…
Trading earnings with options is like playing Russian roulette with five bullets in the chamber while blindfolded. I know because I've pulled the trigger about 200 times, and while I'm still alive, my account has died multiple deaths. I've made $15,000 on a single Netflix earnings play and lost $12,000 on Apple earnings the same…
After blowing up three accounts trying to get rich quick with options, I discovered something revolutionary: boring options strategies that consistently make 2-3% per month are infinitely better than exciting strategies that make 100% once then lose 100% five times. These "safe" strategies turned my options trading from gambling into an actual income stream that…
Margin trading is like alcohol - a little bit can make the party more fun, too much will ruin your life, and some people shouldn't touch it at all. I learned this after getting margin called three times, losing $50,000, and nearly destroying my marriage. But then I learned to use margin properly and turned…
I learned about hedging the hard way - by not doing it. March 2020, my $200,000 portfolio dropped to $120,000 in three weeks. I just sat there watching my account bleed out like a deer in headlights. Meanwhile, my friend with a similar portfolio was actually UP money because he bought puts. That's when I…
Let me tell you about the time I spent $50,000 on AI trading bots thinking I'd found the cheat code to the market. Spoiler alert: I lost $35,000 and learned that most "AI trading bots" are about as intelligent as a Magic 8-Ball with a subscription fee. But I also found three that actually work,…
After losing $100,000 day trading, you know what finally made me money? Boring ass dividend stocks. I'm talking about the stocks that make watching paint dry look exciting. The ones your grandfather owned. The ones that go up 8% in a good year and nobody posts gain porn about them on Reddit. These beautiful, boring…
Alright, let's address the elephant in the room: $1,000 is not enough to day trade properly. There, I said it. Every guru selling you a course about turning $1,000 into $100,000 day trading is full of shit. The PDT rule requires $25,000 for a reason. But you're here with your $1,000 burning a hole in…
I'm about to save you $100,000. That's how much I lost making every single mistake on this list. Some traders are smart and learn from others' mistakes. I'm apparently not that smart - I had to make them all personally, like some kind of masochistic completionist collecting failure achievements.The worst part? Every veteran trader…
Scalping is like trying to catch falling knives while juggling chainsaws on a tightrope. It's the trading equivalent of performing heart surgery with a shotgun. I've made $5,000 in a single morning scalping, and I've lost $3,000 in 15 minutes. It's the most intense, stressful, and addictive form of trading there is, and I'm about…
Let me start with a confession that'll either make you feel better about your losses or terrified about what's possible: I lost $100,000 in my first three years of trading. Not paper losses. Not "unrealized" losses. Cold, hard, gone-forever money. $60,000 was my savings. $40,000 was borrowed from credit cards and a HELOC because I…
I've blown up accounts at seven different brokers. Not because I'm proud of it, but because I'm apparently a masochist who needs to test every platform personally before believing the reviews. Over the past six years, I've traded options on TD Ameritrade, E*TRADE, Robinhood, Tastyworks, Interactive Brokers, Webull, and Fidelity. I've paid thousands in unnecessary…