/biz/ - Business & Finance

>>18652663
I recognized early that there were 3 trading tiers, and a dogshit one.

1) Investor patricians. Make slow and steady gains year in and year out, rarely lose money
2) Swing and day traders. Gambling in penny stocks. Some times up or down 50%
3) Options Junkies. Sometimes huge gains. Mostly just lose your principal.
4) Crypto-currency losers. No market controls for fraud. Waste of time, winnings never materialize into real money.

Once you get to know the market, you can dabble in swings and options. It's not such a gamble anymore because you've been watching the company for years, and know with reasonable confidence of a move before it happens. Basically what I'm saying is that you can start at the top of the list, and go down and still make money. However if you start at the bottom and try to go up, you're just lunch for everyone else.

Yes, options are sexy right now, but the only people who consistently make money in them are boring patrician investors who know their stocks like children, and only grab the occasional put when it's sure thing to make some extra margin on a downward movement.

Stay safe, and remember that you can't lose what you don't put in.