Jim Cramer freaking out and making some sense

[DOMS]

Sounds like you are really getting this down DOMS. So how much do I need to invest to clear $100,000 in a year? Remember I'm a dumbass and will only understand half of what you say.

"@%%^^ invested in a @4%$^6^$ 665 at #%^&^ %*)(&$% will yield #$#&"

Kinda like Charlie Brown in class ... Whaa waaa whaaa wawaaaa?

I appreciate your belief in my abilities, but I'm not really there yet. I'm still paper trading to find what works for me. Give me another 6 months and I'll have it.

How much to take home $100,000 per year and still have money to trade?

Well, let's say you're right only 50% of the time. With an average loss of $150 per contract and a average win of $200 per contract. Keep in mind that at least 70% of the trades that I've been making have started with a credit. Sometimes up to a credit of $200 or so.

100 contracts would yield, on average, about $2500. You would need to trade 4000 contracts per year. Taking into account margin requirements and the occasional bad run of luck, you'd need about $300,000.

You wouldn't want to trade more than 100 contracts in any stock at time though. If you did, you'd likely attract some coattail riders, who'd probably screw with your trading.

You'd also need to have a very good understanding of options, the market, and the outside events that affect it. You'd also need to diversify.

It's not a game for the squeamish or the unskilled. I've been studying it for over two and half years, and I've just now started the final pre-trading phase of paper trading.

I have a plan.

 

[NordicNacho]

May I ask what Gold Fund, NordicNacho?

I am interested in putting some of my Roth stuff into gold perhaps.


Thanks if you want to answer here or send me a PM.

Franklin Templeton

 

[maniclion]

What if I just buy gold and store it at home? Is that a good investment? If it is then my gf has tons of that shit everywhere....

 

[DOMS]

What if I just buy gold and store it at home? Is that a good investment? If it is then my gf has tons of that shit everywhere....

A penny saved is a penny earned. Get rid of the girlfriend.

 

[NordicNacho]

What if I just buy gold and store it at home? Is that a good investment? If it is then my gf has tons of that shit everywhere....

you might need that gold you got a hurricane heading your way. Surfs UP

 

[Big Smoothy]

Franklin Templeton

I'll check the Gold Fund at Franklin Templeton.

These funds have front-end loads as I'm in the World Fund with them.


Thanks, NN.

I'll check it out.

 

[NordicNacho]

down 290 with more then 3 hours to go. I say 500 by the end of the day.

 

[Doublebase]

down 290 with more then 3 hours to go. I say 500 by the end of the day.

nah.

 

[NordicNacho]

looks like im wrong again