Does anyone do short-term trading and can give advice for my wife please?

[cliveshep]

My wife is doing this and has an account. She uses only small money which after a few wins she always loses. She is practicing and reading lots of books and is wondering about joining up with a group but that seems to also be a no win exercise.

 

Can anyone advise if joining a trading group is worth it or just another way to throw money away? She has to pay to join, and they choose all the investments but is they loose of course she loses. This is a subject I just don't understand so I'm looking for recommendations on groups or informed advice to stay well clear.

[marin]

Do not let her day trade unless she has a degree in finance and in depth knowledge of the stock market trends in the last year. My wife consistently makes money but she buys stocks longer term that pay dividends and the such. She also has a masters in finance and is a Certified Financial Planner. Not going to be negative towards your wife but....... 

[Woke to Sounds]

I advise going 100% into bitcoin and Thai real estate.

 

Just kidding - don't do that.

 

Your wife sounds like she is gambling at a casino. House always wins buddy.

 

Just buy a few ETFs, globally diversified ones including a short term bond ETF and hold them. Do not day trade. Add money when you can. Collect dividends.

 

Cash out in 30 years, slowly.

[cliveshep]

She is 41 and does not work. Attempts to get a job fail because she is over 35 and Thai is an ageist society. Never mind she is fluent in English and has a UNI degree in Business Administration she is too old. So the idea was to work from home, she has heard of others making a living that way and given I am 38yrs older than her (we've been married for 14yrs and are still in love for those nay-sayers out there) she will need to support herself whenever I die. Sure she is beautiful still with great looks and figure and is smart and loyal but she has a poor opinion of Thai men and has heard bad things about Westerners so has discounted re-marriage. That is why if short term trading can work she would like to do it.

[bkk6060]

You can make money and do not need to be highly educated. There are basic classes and in western countries and facilities with computer software providing algorithms that provide the best opportunity to make money.  A true day trader may have several trades in one day, so the cost of buying and selling comes into play.

This being said, a person really needs

a large amount of cash to start in order make decent  money.  Some recommend $25,000 or more.

 

[BritManToo]

8 minutes ago, cliveshep said:

That is why if short term trading can work she would like to do it.

If short term trading worked we would all be doing it.

But sadly, it's just another form of gambling.

[Harrisfan]

30 minutes ago, cliveshep said:

My wife is doing this and has an account. She uses only small money which after a few wins she always loses. She is practicing and reading lots of books and is wondering about joining up with a group but that seems to also be a no win exercise.

 

Can anyone advise if joining a trading group is worth it or just another way to throw money away? She has to pay to join, and they choose all the investments but is they loose of course she loses. This is a subject I just don't understand so I'm looking for recommendations on groups or informed advice to stay well clear.

Authors make far more than the readers. Just saying. If it was easy why aren't their more doing it?

[proton]

10 minutes ago, cliveshep said:

She is 41 and does not work. Attempts to get a job fail because she is over 35 and Thai is an ageist society. Never mind she is fluent in English and has a UNI degree in Business Administration she is too old. So the idea was to work from home, she has heard of others making a living that way and given I am 38yrs older than her (we've been married for 14yrs and are still in love for those nay-sayers out there) she will need to support herself whenever I die. Sure she is beautiful still with great looks and figure and is smart and loyal but she has a poor opinion of Thai men and has heard bad things about Westerners so has discounted re-marriage. That is why if short term trading can work she would like to do it.

 

She would be better off getting a cleaning job, or selling noodles

[Harrisfan]

46 minutes ago, cliveshep said:

She is 41 and does not work. Attempts to get a job fail because she is over 35 and Thai is an ageist society. Never mind she is fluent in English and has a UNI degree in Business Administration she is too old. So the idea was to work from home, she has heard of others making a living that way and given I am 38yrs older than her (we've been married for 14yrs and are still in love for those nay-sayers out there) she will need to support herself whenever I die. Sure she is beautiful still with great looks and figure and is smart and loyal but she has a poor opinion of Thai men and has heard bad things about Westerners so has discounted re-marriage. That is why if short term trading can work she would like to do it.

Most people lie about making money. They don't talk about losses. If it was easy why don't you do it? 

[EVENKEEL]

Buy low sell high. 

[Harrisfan]

Study by NASAA found 70% of day traders lose money.

 

 

[FritsSikkink]

1 hour ago, cliveshep said:

She is 41 and does not work. Attempts to get a job fail because she is over 35 and Thai is an ageist society. Never mind she is fluent in English and has a UNI degree in Business Administration she is too old. So the idea was to work from home, she has heard of others making a living that way and given I am 38yrs older than her (we've been married for 14yrs and are still in love for those nay-sayers out there) she will need to support herself whenever I die. Sure she is beautiful still with great looks and figure and is smart and loyal but she has a poor opinion of Thai men and has heard bad things about Westerners so has discounted re-marriage. That is why if short term trading can work she would like to do it.

Maybe she can trade on Tik Tok with normal goods.

[marin]

1 hour ago, cliveshep said:

She is 41 and does not work. Attempts to get a job fail because she is over 35 and Thai is an ageist society.

Baloney, any sales job where she is on commission would be happy to have someone like her. Could well be good for her as it seems she is motivated to make some money. You have to be when its commission and not a paid salary. Cars dealers both new and used along with insurance agencies are always looking for motivated sales people. With her qualifications there is a lot of work to be had. 

[Yumthai]

1 hour ago, Woke to Sounds said:

I advise going 100% into bitcoin and Thai real estate.

Half-good advice.

[KhunLA]

Yea ... don't take advice from people you don't know 😎

[swissie]

First: She needs a low-cost internet brokerFirst/platform with minimal bid/ask spreads. Look at www.oanda.com.

Second: Said trading platform freely informs, that 76% of their short term traders lose money.

Third: Technical indicators of all sorts are less reliable on a short term basis than on a longer term basis.

Fourth: A whole industry has emerged to "butcher the traders". Producing false "breakouts", "running the stops" etc etc etc

 

I used 10% of my capital as "trading money", since 1973. On average, it yielded me a measely 2% per year. To be considered as "good", as I have avoided the destiny of 76% of fellow traders.

 

Based on invested capital, I would have made more money by selling noodles in Thailand.

 

A final word: If "trading the markets" would be easy, we would have no plumbers, bakers, accountants and brain surgeons left, everybody would be getting rich by "playing the markets".

 

[Celsius]

On 3/5/2025 at 1:38 PM, marin said:

Baloney, any sales job where she is on commission would be happy to have someone like her. Could well be good for her as it seems she is motivated to make some money. You have to be when its commission and not a paid salary. Cars dealers both new and used along with insurance agencies are always looking for motivated sales people. With her qualifications there is a lot of work to be had. 

 

It is actually difficult to find a decent commission based job. A lot of my wife's friends who are good in sales got screwed when it actually came to paying the commission.

 

If one is actually good in sales like my super duper wifey they would be much better off being  self employed than to work on commission.

 

[Harrisfan]

Barbers are busy in Thailand. She could cut hair.

[swissie]

On 3/5/2025 at 7:19 AM, Harrisfan said:

Study by NASAA found 70% of day traders lose money.

 

 

Correct. Depending. on year, it fluctuates between 70 to 80%. Plenty of newcomers every year, replacing the players that have run out of money. The Casino-Effect: New money always floating in: "If I don't win today, I will win tomorrow." Whereas the "win-quote" at the roulette table are higher than short-term trading at the markets. 50/50 versus 70/30 . Viva Las Vegas or a noodle stand in Thailand? The noodle stand in Thailand to be preferred.

[Yumthai]

9 hours ago, swissie said:

I used 10% of my capital as "trading money", since 1973. On average, it yielded me a measely 2% per year.

How much would you have today if you had simply invested (and forget) in 1973 that 10% in an S&P 500 index fund?

[swissie]

On 3/8/2025 at 3:17 AM, Yumthai said:

How much would you have today if you had simply invested (and forget) in 1973 that 10% in an S&P 500 index fund?

Fortunately I invested 90% in long-term situations. That's where I made my money. Basically, I made my money by sitting on my rear and let time work for me. At the same time I must confess that trading the markets can be exiting.

 

Back to the OP's wife: Many online platforms offer "small-accounts" (1000$ or less) or even "trial-accounts" where no money is involved. I suggest OP's wife go this way before larger amounts of money are committed.