Current Events > Man how do you make a $1,000 a week from stock market?

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Christian RULES
02/08/21 11:50:48 PM
#51:


DoGCyN posted...
I thought I was doing well getting 8-10% per year on longterm. 5% per week??? Is that a thing??

Yes it's very possible via day or swing trading. You just need an excellent trading strategy.

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SevenTenths
02/08/21 11:51:32 PM
#53:


DoGCyN posted...
I thought I was doing well getting 8-10% per year on longterm. 5% per week??? Is that a thing??

You're doing fine. Listening to people claiming they're getting 5% week is how you end up the people who bought into gamestop at 300 because it was totally going to 1000.

You can get a lucky hit here or there and get better gains, but that's the nature of risk reward. You can also miss and watch that money disappear.

As you get more money you can afford to take more risk. Putting $5 into 30 companies hoping 4 of them take off and you get $400 doesn't have the same effect as putting 50k in 30 companies and hoping 4 of them take off and you get 4 mil.

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SolidShadow3
02/08/21 11:51:41 PM
#54:


Insider trading combined with day trading.

Youd have to make it a fulltime job though, get REALLY good at analytics, and have some serious luck.

In other words; you dont.

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Solid Snake07
02/08/21 11:52:10 PM
#55:


BilalPowell posted...
Pretty sure the reinvesting cancels out the inflation. Assuming $25k start amount and 5% interest Week 1 $1.25k, Week 2 $1.25k*1.05, Week 3 $1.25k*1.5^2...


Bro nobody is returning 5% a week. That's dipshit talk

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BilalPowell
02/08/21 11:53:35 PM
#56:


Fine change it to .5%, same concept applies. But...



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Darmik
02/08/21 11:59:35 PM
#57:


Most retail investors (day traders specifically) lose money.

Check your provider and they will give you a grim stat.

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Solid Snake07
02/09/21 12:01:38 AM
#58:


BilalPowell posted...
Fine change it to .5%, same concept applies. But...



No one is returning that much either. That's like a 30% annual return. If you can reliably return 30% a year you're one of the greatest investors ever.

Berkshire Hathaway(warren buffet) has had an average return of about 17% for the past 35 years. You'd have to almost double that to average a weekly return of .5%

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DarkProto05
02/09/21 12:01:59 AM
#59:


BilalPowell posted...
I tried day trading and wasnt good. There are safer less time consuming ways.
I totally agree with this. In the past year I've held stock for 1-6 months then sold, or bought options that expire months out, then forget about them for a while. I've made money about equal to my friends who day trade and do a shitload of charting. But I don't deal with all the stress and headaches like they do.

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1337toothbrush
02/09/21 12:09:06 AM
#60:


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CableZL
02/09/21 12:14:40 AM
#61:


1337toothbrush posted...
Everyone's a genius in a bull market.
Except me apparently, LOL

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Conker
02/09/21 12:22:46 AM
#62:


I can get you a return of 5% a week on $25k.

You need to find decent movers with high options activity.

A good example would be Tesla, but its way outside of that $25k range.

So Ill pick something Im familiar with such as QuantumScape and Fuel Cell.

Buy (example) 500 shares, sell 5x call options with a strike price a few dollars above the price you bought at with a premium of $200+ each.

Would this work absolutely every week? Not likely if you did it with the exact same stocks unless its highly volatile upward trending (like Tesla), but you can move between a few different stocks and find high yield dividend ones with decent options trading for consistent 3% at minimum and offset the other 2% with some volatility. You just have to be active and not think its just going to be buying and sitting on it.

This strategy consistently nets me around 3-4% weekly but I only have a few grand worth of my portfolio towards doing so and work full-time so I dont keep up always. I dont have enough yet to dedicate $25k to doing this as Ive recently had a lot going on (built a house, bought a new vehicle, got solar panels installed, spent about $15k towards the house, and my 6mo old son had heart surgery and I took time off work). During the couple months time off work is when I worked on this strategy but I was of course taking care of my kid(s).

My $3000 turned into $5000 during those two months.

I also have around $5k in other investments and a 401k that has a bit in it but the gains suck outside of the match my company does (up to 6% of my income but 5yrz before vested ugh).

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FrankGoreHOF
02/09/21 1:53:59 AM
#63:


Solid Snake07 posted...
No one is returning that much either. That's like a 30% annual return. If you can reliably return 30% a year you're one of the greatest investors ever.
Eh that depends how you define reliable. This recent bear market has made 30% very attainable. Vanguard's tech etf VGT has posted an average of 29.61% over the last 5 years, for example.

In the long run you are right

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TomNook20
02/09/21 2:01:18 AM
#64:


I made 20k today in one of my accounts. Dis market is cray.

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#65
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WalkingLobsters
02/09/21 2:07:53 AM
#66:


Buy OTM Tesla leaps and sell weeklies further OTM. Might only be $400-500/week. Depends on how much risk you wanna take. This is called a diagonal spread.

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Christian RULES
02/09/21 4:11:14 AM
#67:


Conker posted...
Buy (example) 500 shares, sell 5x call options with a strike price a few dollars above the price you bought at with a premium of $200+ each.

Would this work absolutely every week? Not likely if you did it with the exact same stocks unless its highly volatile upward trending (like Tesla), but you can move between a few different stocks and find high yield dividend ones with decent options trading for consistent 3% at minimum and offset the other 2% with some volatility. You just have to be active and not think its just going to be buying and sitting on it.

This sounds like the infamous covered calls strategy I've heard about. Definitely trying this out eventually but still a dummy when it comes to options.

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TheMikh
02/09/21 4:27:42 AM
#68:


  1. obtain $577,777.78 and buy stock with 9% dividends that maintains its price
  2. if that fails, obtain $742,857.14 and buy stock with 7% dividends that maintains its price
  3. if that fails, obtain $1,040,000 and buy stock with 5% dividends that maintains its price

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SPE
02/09/21 7:25:48 AM
#69:


TheMikh posted...
1. obtain $577,777.78 and buy stock with 9% dividends that maintains its price
2. if that fails, obtain $742,857.14 and buy stock with 7% dividends that maintains its price
3. if that fails, obtain $1,040,000 and buy stock with 5% dividends that maintains its price

examples?

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TheMikh
02/09/21 7:37:35 AM
#70:


SPE posted...
examples?

strictly as examples of stocks with certain dividend yields and not investment recommendations (though i own the former two): ford has 5%, exxonmobil is around 6.7%, oke is around 8.6%.

but the best course of action (imo) would be a hedged investment across multiple stocks and etfs with reliable performance histories from both a price and dividend yield standpoint.

definitely necessary to both do research and rebalance periodically (whether quarterly or annually).

it's come to my attention recently, however, that dividend investing is more recommended for older investors living off their investments rather than younger people attempting to build wealth, the latter recommended to partake in higher risk investment choices (e.g., growth stocks and equities).

but for something resembling stable income, dividends seem like the most sensible strategy.

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SPE
02/09/21 7:38:31 AM
#71:


TheMikh posted...
strictly as examples of stocks with certain dividend yields and not investment recommendations (though i own the former two): ford has 5%, exxonmobil is around 6.7%, oke is around 8.6%.

but the best course of action (imo) would be a hedged investment across multiple stocks and etfs with reliable performance histories from both a price and dividend yield standpoint.

definitely necessary to both do research and rebalance periodically (whether quarterly or annually).

it's come to my attention recently, however, that dividend investing is more recommended for older investors living off their investments rather than younger people attempting to build wealth, the latter recommended to partake in higher risk investment choices (e.g., growth stocks and equities).

but for something resembling stable income, dividends seem like the most sensible strategy.

great points


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The Trent
02/09/21 7:38:50 AM
#72:


BilalPowell posted...
It's not easy, but it is possible. Warren Buffett figured it out why not me?

Probably because you're not half as smart as he is

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Prismsblade
02/09/21 7:45:11 AM
#73:


LivingLegend posted...
Thats not really how that works at all.

Diversification actually prevents you from getting rich...

Youre more likely to become a millionaire by putting all of your eggs in one basket and getting lucky because if you have your entire portfolio spread over 30 companies and only 4 of them go big then only 13% of your portfolio is going to see massive growth.
If you dont know which company is going big then this is a pointless strategy. Better to profit a little from diversification then not at all.

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Lebronwon
02/09/21 7:49:10 AM
#74:


My P/L numbers every week has been at least + $600 for the last 4 weeks and my account started with $3,000 and I barely know much about stocks.

Making 1k a week seems possible in the next few weeks if someone entered with 25k. If you pick the right stocks.

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SPE
02/09/21 10:11:16 AM
#75:


The Trent posted...
Probably because you're not half as smart as he is

IMO its not about being smart. Its not like Warren has a secret formula he applies. He is simply too well connected and knows things we dont and have access to people we dont.

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#76
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Sad_Face
02/09/21 10:48:41 AM
#77:


There's DeFi, specifically yield farming where you lend your crypto out and you receive returns from 20% to 80% and to even over 100% returns. But you need capital for it. $2K isn't going to cut it. And gas fees on Ethereum are exorbitant, they can bounce around from $20 to $50 and up. It's ridiculous.

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Conker
02/09/21 11:38:11 AM
#78:


SPE posted...
IMO its not about being smart. Its not like Warren has a secret formula he applies. He is simply too well connected and knows things we dont and have access to people we dont.

Tbf, he had to be smart about it when he got into the game. He didnt just pop out of the womb and have all those connections.

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2Pacavelli
02/09/21 11:40:06 AM
#79:


Sad_Face posted...
There's DeFi, specifically yield farming where you lend your crypto out and you receive returns from 20% to 80% and to even over 100% returns. But you need capital for it. $2K isn't going to cut it. And gas fees on Ethereum are exorbitant, they can bounce around from $20 to $50 and up. It's ridiculous.

I've heard using Binance Chain and their yield farming options can be very profitable

Also there's something called Bankroll Flow that lets you do the same with Tron. I don't know how secure they are or if they are more secure and reliable than the Ethereum options
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SPE
02/09/21 11:45:56 AM
#80:


Conker posted...
Tbf, he had to be smart about it when he got into the game. He didnt just pop out of the womb and have all those connections.

absolutely. The guy is crazy smart.

his investment insights come from how well connected he is though

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The Trent
02/09/21 11:46:52 AM
#81:


SPE posted...
IMO its not about being smart. Its not like Warren has a secret formula he applies. He is simply too well connected and knows things we dont and have access to people we dont.

lol okay
so it's not about being smart but the guy is crazy smart
good example

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2Pacavelli
02/09/21 11:49:39 AM
#82:


Aquire enough assets so that your dividend payout is $1,000 per month
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theAteam
02/09/21 11:50:30 AM
#83:


I'm currently averaging $1k/week this year with a $20k account (now $26k)

However 1/3 of those gains were a single AMC play where I got lucky as shit buying at 3 and selling at 22. I do not expect this to continue.

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2Pacavelli
02/09/21 12:00:57 PM
#84:


theAteam posted...
I'm currently averaging $1k/week this year with a $20k account (now $26k)

However 1/3 of those gains were a single AMC play where I got lucky as shit buying at 3 and selling at 22. I do not expect this to continue.

Which stocks are you invested in?
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theAteam
02/09/21 12:04:27 PM
#85:


2Pacavelli posted...
Which stocks are you invested in?

Currently BB, CLOV, MMEDF, PCG, REKR, RKT, and ZOM.

Only BB, CLOV, MMEDF, and REKR are in the green for me.

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Sad_Face
02/09/21 12:15:25 PM
#86:


2Pacavelli posted...
I've heard using Binance Chain and their yield farming options can be very profitable

Also there's something called Bankroll Flow that lets you do the same with Tron. I don't know how secure they are or if they are more secure and reliable than the Ethereum options

I suppose I could try out Binance chain. Tron, I haven't heard them do anything substantial over the past years. Then again, I haven't been paying attention to them. So we'll see.

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2Pacavelli
02/09/21 12:22:25 PM
#87:


Sad_Face posted...
I suppose I could try out Binance chain. Tron, I haven't heard them do anything substantial over the past years. Then again, I haven't been paying attention to them. So we'll see.

Tron is pumping at the moment up about 50% the past week
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2Pacavelli
02/09/21 12:24:53 PM
#88:


Bankroll I've heard can give you up to 300% APR and some of the Binance Chain pools can give you 3000% APR.

Of course you have to be careful and do your research. If the value of the Cryptocurrency that the pool is backed on decreases quickly then you risk losing lots of money. I still feel they're high risk investments I haven't gotten into them
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#89
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Solid Snake07
02/09/21 2:15:40 PM
#90:


FrankGoreHOF posted...
Eh that depends how you define reliable


Consistency over time(years)

Any schmuck can get lucky and have a good year. Maybe even two or three.

Do it for a decade or more

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Sackgurl
02/09/21 2:40:20 PM
#91:


BilalPowell posted...
Pretty sure the reinvesting cancels out the inflation.

no

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FantasticAssGas
02/09/21 2:41:50 PM
#92:


Gotta use mutual funds instead.
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Makeveli_lives
02/10/21 4:03:45 PM
#93:


Orlando_Jordan posted...
You arent going to make $1000 a week from the stock market with only $25,000.
I made 300 with a grand

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divot1338
02/10/21 4:05:46 PM
#94:


Im making a cool 0.10% interest off my checking account. Cant beat that return.

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Christian RULES
02/10/21 7:13:02 PM
#95:


welp, i made 0.70% increase today which pissed me off because I'm .30% off my daily goal.

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Lebronwon
02/10/21 7:25:00 PM
#96:


Orlando_Jordan posted...
You arent going to make $1000 a week from the stock market with only $25,000.

I started with only 3k added another 700. And the past three days I have made over 1,200 a day with today going over 2,300. If I had 25k id probably be able to make 1k a week easily with this bull market.


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