Fifth Avenue Forum

Ok that crypto punk sold me. How do I invest?

made one just for you KC

https://opensea.io/assets/0x495f9472767 ... 5243357185

let me know if you want to buy for 0.00001 ETH or 17 US cents

So if I was just looking at that HOFV stock short-term... would the strategy basically have been to buy $1000 worth of stock, watch it go up today, and then dump it at what I figure would be the high level? Or am I missing something?

So if I was just looking at that HOFV stock short-term... would the strategy basically have been to buy $1000 worth of stock, watch it go up today, and then dump it at what I figure would be the high level? Or am I missing something?

A 2019 research paper analyzed the performance of individual day traders in the Brazilian equity futures market. Based on trading records from 2012 to 2017, it was concluded that day trading is almost uniformly unprofitable:

We show that it is virtually impossible for individuals to compete with HFTs and day trade for a living, contrary to what course providers claim. We observe all individuals who began to day trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms of volume in the world, and who persisted for at least 300 days: 97% of them lost money, only 0.4% earned more than a bank teller (US$54 per day), and the top individual earned only US$310 per day with great risk (a standard deviation of US$2,560). We find no evidence of learning by day trading.[14]

An article in Forbes quoting someone from an educational trading website stated that "the success rate for day traders is estimated to be around only 10%, so ... 90% are losing money," adding "only 1% of [day] traders really make money."[15]

So if I was just looking at that HOFV stock short-term... would the strategy basically have been to buy $1000 worth of stock, watch it go up today, and then dump it at what I figure would be the high level? Or am I missing something?

Buy low, sell high. It's really quite simple iddnit?

The only caveat with this is there are some FINRA rules around day trading. Which I'm pretty sure is 25k minimum in account.

The Financial Industry Regulatory Authority (FINRA) in the U.S. established the "pattern day trader" rule, which states that if you make four or more day trades (opening and closing a stock position within the same day) in a five-day period and those day-trading activities are more than 6% of your total trading activity in that five-day period, you're considered a day trader and must maintain a minimum account balance of $25,000.

Can someone explain NFTs to me like I'm meow

it is a bastardization of what makes art and collectibles valuable.

This is you

Oh? The sports TV thing. Hmm. The fact I passed on that as a consumer probably doesn't bode well for my desire to own it as a company.

Source of the post At least I'm not in TSLA.