Started trading part time in 2005 then went full time in 2007. Had a carpet cleaning business up in Kansas for 18 years and retired at age 52. We moved from Kansas to Texas for the better weather. Anybody who has or does live in the Midwest knows how brutal the winters can be.
Austin is very vibrant much like Portland, Oregon or Nashville, Tennessee. Keep Austin "Weird" is the city motto which basically means they support "local" business more over big box stores although there is plenty of that here also. It's eclectic here with people from all over the USA moving here. About 100 people a day move here and we have the 8th worst commuter traffic in the USA BUT besides that we like it here.
Austin has 23 companies which are listed on the NASDAQ representing a combined total market value of $242 billion such as Whole Foods, National Instruments, Cirrus Logic, EZCorp Inc., Silicon Labs, Chuy's (Tex Mex restaurants), Luminex Corporation, Open Text Corporation, National Western Life Group, Inc, to name a few.
Dell Technologies Inc. and American Campus Communities Inc. are listed on the NYSE. Dell is about 20 minutes away from where I live.
Both Apple, Samsung and IBM have huge operations here. The idea for Twitter got started here in Austin years ago at SXSW.
Here is the full list of the ETF's I trade in these sectors:
RUSSELL 2000 2X long & short ETF's - $UWM $TWM
NAZ 100 2X long & short ETF's - $QLD $QID
EMERGING MARKET ETF's - $ADRE, $EEM, $EEV, $EET
BIOTECH ETF - $FBT, $IBB
SEMICONDUCTOR ETF - $SMH
COMMODITY ETF's - $GSG , Nat Gas $UNG, 3x Bull Nat Gas $GASL $UGAZ, 3X Bear $GASX $DGAZ
PRECIOUS METALS ETF's - Gold $GDX , 3x Gold Bear $DUST, 3x Bull Gold $JNUG, Platinum $PPLT, Copper $COPX, Silver $SLV, 2x Silver Bull $AGQ, 2x Silver Bear $ZSL
OIL SERVICES ETF - $IEZ
OIL ETF - $XLE
In the past I traded individual stocks but found it very difficult to know the companies "real inside" story. I'd buy a stock and then later on it crashed 10% or more because of some accounting issue or the CEO left the company etc. So now I focus on individual stocks in the Precious Metals space only along with ETF's.
ETF's have broader diversification with hundreds of companies inside each ETF which reduces the volatility.
My ultimate favorite 2x ETF to trade is the Russell 2000 Long $UWM or Russell 2000 Inverse $TWM. These ETF's cover the top 2000 small cap companies and can move 1 to 3% in a given day up or down. They got the juice.
I've traded everything including the risky 1 cent stocks including Pink Sheets. Anything below $5.00 is technically considered a penny stock but I like the $1 to $5 stock range due to the volatility. I just try to get in and "scalp" it. I'm not trying to get ten to fifteen per cent because it's difficult to know when it will turn on you. Don't get greedy. Keep in mind the person on the other end sees everything you are doing and if they want to burn you they will by suddenly reversing the algorithm causing you to panic. Each time you go in and out cost what ever your brokerage firm charges for trades. You have to factor that in to your profit/loss statement that you should be keeping on your computer in the form of a spreadsheet.
Either you are trying to supplement your "regular job" with some part-time trading revenue or you are doing it full time like I am. Don't bet more than you can afford to loose. And never put your entire family's saving in this racket. You'll end up broke. Be suspicious of any stock market news and do your own homework. The TV pundits get paid to hype stuff up. Nobody knows what's going to happen each day ahead of time and if you did and your were caught you'd be in prison.
Be conservative and be happy if you make an average of $50 dollars a day. If you do that everyday you'll have made an extra $1000 a month. That can pay the rent and even get "mama" some new shoes:)
TRADE WITH TDAMERITRADE
Saved by and Follower of Master Yeshua Ha' Mashiach / Jesus Our Messiah
just passin through eternity is forever......................................................................................................................................
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