this post was submitted on 02 Jan 2025
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I don't know what to do with my life. My local organizing is in limbo and I'm not sure I want to keep doing it for several reasons. I don't have a job, lost mine when my campaign work officially ended on 12/1. I used to write code for a living but really don't want to go back into it. It's not what I want to do for a living. Also....

Capitalism is dumb. Really really stupid. I hate how there are so many people busting their butts working in Amazon warehouses or meat packing plants, or those kids mining rare metals in Africa, making scraps and actually making all of these modern Capitalist treats possible. And then there's people who are clicking a few buttons on a stock broker app and pulling in thousands of dollars just like that!

Actually working for an honest wage feels like a scam at this point. I get to be pushed around, mentally distressed (hooray Autism) and eventually stressed out to the point of burning out for whatever wage I "agree" to take (aka whatever "the market" says I'm worth). OR I can turn the trading I'm doing into a "system" and hone it to a point where I can pull in $300-500 per day making trades on the market.

I'm not even talking about a fancy trading strategy with a bunch of indicators or other nonsense. I'm just scalping SPY, buying Call or Put options at a certain point and selling them when they go up in price by 20 cents. 25 contracts x .20 profit / share / contract = $500 - $25 in broker fees = $475. In theory I could run this every day and be in and out of my trade within minutes. The full strategy has risk management rules and then the "hard part" is picking the right entry point for each trade.

I'll be running a back test on this simple plan but I know from actually doing it on a smaller scale that it works. It's so dumb how I can make (and lose) a month's rent on a single trade.

It's disgusting. On one hand I am glad I have this "gift" of hyper-focus so that I can dig into topics like day trading and figure it out. OTOH there's a lot of jealousy over people who I see out and about as "normal" and knowing I'm not going to be them. Part of me wishes I could just deal with a 9-5 job like most people and maybe empty my mind of Politics. I'd be less informed but maybe happier?

The other thing that bothers me is that Capitalism is pushing me towards this route. I'd rather be spending my time learning how to make music, mixing with the gear I have, reading some of these theory and history books that are piling up, or doing something actually good for society. However I need money to survive and after going through plenty of really bad programming jobs I guess I'd rather try to make money on my own. So here I am, becoming the financial equivalent of a river leech, sucking some blood from my host each day, and those hosts being parasites themselves, those stock prices rising from stealing the labor value of everyone possible, charging as much as possible, screwing over everyone as much as they can get away with.

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[–] HelluvaBottomCarter@hexbear.net 14 points 6 days ago (1 children)

You were around for meme stocks in 2020 but are still seriously trying to do this?

I could run this every day and be in and out of my trade within minutes.

You may make $300 a day on the short term but you will not make $300 a day on average. The average part is what kills this dream. On average you won't make as much as you would at the toilet cleaning job or the shelf stocking job. This is by design. You're not allowed out of the class unless you have enough real property or you exploit the labor of others (preferably both).

The sell-out that will uplift you out of drudgery isn't stocks, it's rent-seeking and exploitation. Thus you must transform from finance bro to real estate bro or entrepreneur bro. Capitalism is nefarious in the way it makes you choose between being the exploiter vs the exploited. You can do one or the other. Only one is the ticket to winning capitalism and it's the one that will take your leftist soul.

[–] MayoPete@hexbear.net 3 points 6 days ago* (last edited 6 days ago)

You were around for meme stocks in 2020 but are still seriously trying to do this?

Yeah, my mind kind of latches onto things like this. I've always been market-curious because nerd and GME was the thing that got me to stop thinking about doing it and start actually trading.

I appreciate the concern and hope you're wrong. A lot of people are making silly amounts of numbers doing this. In fact, there's a lot of dumb ways people are making money right now:

Selling NFTs

Crypto "projects"

Commissions off AI "content"

Running online casinos for Counter Strike cosmetics

And that's just the new stuff. There's still timeshares, scammers calling our grandparents, MLMs, etc.

This system rewards the people who screw over other people.

[–] LanyrdSkynrd@hexbear.net 10 points 6 days ago (1 children)

You aren't the first, and won't be the last person who thought they figured out a surefire way to make money day trading. Wall Street firms have access to so much more information, cheaper trades, faster execution, and can front run you if you're using Robinhood or one of the free trading platforms.

Maybe you're that .0001% that actually figured it out. I hope you are, but please be careful not to delude yourself.

[–] MayoPete@hexbear.net 5 points 6 days ago (1 children)

I know. Maybe this is sustainable, but realistically this is something to make income while figuring out where I'm going next.

And yeah, I avoid Robinhood because their system makes people get bad fills. Losing a few cents on each option fill adds ups fast. I have a "boomer" broker that charges $.50 per contract but actually sends my order immediately.

[–] gubblebumbum@lemm.ee 7 points 6 days ago

fyi all brokers rely on third party companies for id verification, behaviour analysis, analytics etc for kyc and fraud prevention and most of the times those third party companies tend to be israeli like the one used by ibkr.

[–] MayoPete@hexbear.net 5 points 6 days ago

Another reason why I want to make this work: I don't like people.

It's been this way my whole life. I don't get along with other people, or more accurately no matter how much I try to please others or help others I just get shit on. Of course I don't want to deal with people after being bullied and shunned all my life! People suck.

At least with this it's just me and the screen. I don't need to try to analyze my boss' passive-aggressive messaging or try to constantly figure out what everyone wants. I can just focus on what I'm doing and plan for the few possibilities rather than deal with irrational creatures getting in my way every day.

[–] imogen_underscore@hexbear.net 5 points 6 days ago (2 children)

you could get into sports betting instead

[–] MayoPete@hexbear.net 2 points 6 days ago

Arbitage betting is tempting but after looking into it the profit potential is just not there. It's not sustainable in the long run.

[–] Kuori@hexbear.net 2 points 6 days ago

i was hoping someone would mention that lol

[–] sovietknuckles@hexbear.net 39 points 1 week ago (9 children)

OTOH there's a lot of jealousy over people who I see out and about as "normal" and knowing I'm not going to be them.

Idolizing neurotypical people is silly and we autistic people are cooler and better

Part of me wishes I could just deal with a 9-5 job like most people and maybe empty my mind of Politics.

Result-based 9-5 jobs that are 100% remote aren't so bad. There's the expectation that I'm online between 9 and 5 PM, but a cron job I made opens the chat program at 9 for me and I wake up hours later

[–] TreadOnMe@hexbear.net 4 points 6 days ago (1 children)

I would be wary of idolizing any particular neurological condition.

You wanna know who else is on record idolizing autism? Demon incarnate, Peter Thiel. Don't be irl Sheldon.

[–] sovietknuckles@hexbear.net 7 points 6 days ago* (last edited 6 days ago)

I would be wary of idolizing any particular neurological condition.

the wise man bowed his head solemnly and spoke: "theres actually zero difference between good & bad things. you imbecile. you fucking moron"

Don't be irl Sheldon.

Don't compare autism blackface with autistic people

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[–] peppersky@hexbear.net 36 points 1 week ago (7 children)

Come on dude you definitely know what else to do, you just don't want to do it and you'd rather work very little and extract surplus value in the most abstract way imaginable. Hey if you want to do that, do it, but don't try to fish for sympathy by posting about it, like at least have some fucking decency.

[–] MayoPete@hexbear.net 2 points 6 days ago (2 children)

What are you talking about? I don't know what else to do.

I'm not going to work at Walmart just because it's an "honorable" or "honest" way to make money. That's nonsense that Capitalists propagandize us with. There's NO ethical exchange under our system. Either someone else is getting exploited or I am being exploited or both are happening at the same time.

you'd rather work very little

Of course! Why don't you? Do you really want to spend most of your life in a dreary office, stuck in traffic, or in a warehouse moving boxes around? Or staring at a computer screen all day to write some shit code that no one actually uses?

I don't care if society thinks I'm lazy... I just want to enjoy this time I have and if I can figure out how to cheat my way out of the rat race I'm going to take it.

[–] peppersky@hexbear.net 14 points 6 days ago (1 children)

There's NO ethical exchange under our system. Either someone else is getting exploited or I am being exploited or both are happening at the same time.

Bro are you actually trying to argue there's no ethical difference between being exploited and being the exploiter? Like come on, I can't fucking stop you from doing what you plan on doing and sure, in all honesty I can't say I wouldn't do the same, but I'd at least feel that tiny bit of shame to not post about it and try to argue capitalism has somehow forced you into becoming a day trader and that you are just another sad victim of late stage capitalism. Fuck off

[–] MayoPete@hexbear.net 1 points 6 days ago (1 children)

What exactly would I need to with my life to make you happy?

[–] peppersky@hexbear.net 8 points 6 days ago (1 children)

You could start by no longer making posts to try to justify your life choices. Besides that I don't really care.

[–] infuziSporg@hexbear.net 6 points 6 days ago (1 children)

A job isn't just a place where you exchange your labor for money. It's a chance to familiarize/connect yourself with the world, to extend yourself socially, maybe peek under the hood of the economy and learn some of its inner workings (this is my #1 motivating factor), and radicalize/organize people in the workplace. If you're not super into the current organizing you're doing, day trading is not going to give you any openings for organizing. If you don't know what to do with your life, and you do the minimum to stay afloat, you run the risk of becoming a guy who does 5 hours of day trading a week to keep himself alive, and nothing else.

Also, 120 million people in this country (and probably a constant 40% of the population in most core countries) put up with a shitty job or a bullshit job. Saying "I don't want a job where I get pushed around, but I also don't want to do the high-salaried job I'm trained to do, I'm just going to make a living with this financial investment that objectively does nothing useful" is being picky to a level that most people lack even the opportunity for. My ambition is to work (and get exploited) for 10 more years, to the point where I can own a house outright and share it with comrades, and never really have to work after that. If you wanted to cut yourself off from capitalism almost completely and live in communal luxury on a land project, where you put in 3 days of farm work per month, there are a bunch of places where you could do that too. I've lived on one myself, and the only reason why I didn't stay there permanently is because of my personal mission to organize in urban areas.

[–] MayoPete@hexbear.net 2 points 6 days ago* (last edited 6 days ago)

It's a chance to familiarize/connect yourself with the world, to extend yourself socially, maybe peek under the hood of the economy and learn some of its inner workings (this is my #1 motivating factor), and radicalize/organize people in the workplace

That's a nice way to put it. I'm glad you're able to find a silver lining. It's not the same for me.

I've had a string of really shitty development job experiences, so I'm done looking for those kinds of jobs. I think I'd rather do something like get into Accounting and go for a CPA instead of dealing with code again. I just never quite "got it". I worked really hard to learn whatever was thrown at me, but I always was given tasks that didn't match my skills or what was listed in the job posting, and of course I was just expected to "know" things like writing Workday reports after watching some dry video tutorials. It drove me mad and I didn't realize at the time that my Autism was causing me to come off as "weird" to others, plus the learning challenges making for a miserable experience. I'm not cut out for a field where the syntax changes every few months and I'm constantly having to re-learn things just to stay afloat.

But with trading, I have the chance to learn at my own pace, see real results as I apply what I learned to real money trading, and I get to focus on one thing rather than constantly have to switch. It works for ME. Unlike coding where I was constantly stressed out, badly depressed, dreaming of doing bad things, I am feeling good about something for once! I like doing something that isn't banging my head over an error message that gets resolved to just turn into another error message and being pressured to do more and more because I'm assigned a million points in JIRA.

Maybe this isn't for everyone, but I'm not a fan of pigeon-holing leftism into a tiny little demographic, I'm not going to let myself be molded into what other people think I should be, and I'm not a fan of the left constantly being broke. It would be really nice for our movement to have a new Engels to help fund it! If this really works I want to fund propaganda, cover printing costs, pay for designs, pay for mailing, etc.

Also I'm not just planning on trading and doing nothing with my life. I want the money to survive, and then to have some freedom to figure out what I really want to do. Maybe I go for some financial certs/training and go into Quantitative Analysis? Maybe I go into Accounting and try for a CPA? Maybe I become a financial advisor? Maybe I do none of these things, I put out an album or two, and people actually like my music? Who knows?

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[–] nandos_house_of_glues@hexbear.net 30 points 1 week ago* (last edited 1 week ago) (1 children)

a lot of us have to deal with a shit 9-5 job and haven’t “emptied our heads of politics”. Do what you want but don’t think many of us working crushing jobs in sectors like service or hospitality aren’t acutely aware of how much it sucks and how much of our labor’s surplus value is being stolen. Do what you want but don’t think you’re uniquely harmed by drudge work in a way that others are not.

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[–] plinky@hexbear.net 26 points 1 week ago (2 children)

I would be highly skeptical of easy money in stock market (there are millions of dipshits trying to do the same). If you take 1% on trade, what is your probability of catastrophic loss (guess arriving otm)? 1%? Congratulations, you'll get boned sooner or later. Risk management rules if you haven't actually done it is wish casting, risks of slipping in thin market and actual realized losses compared to feely-wise "i can exit when i want"

Aside from that, likely in the west, not the first or the last

[–] CleverOleg@hexbear.net 14 points 6 days ago (1 children)

Day trading stocks and options is just MLM for dudes.

[–] MayoPete@hexbear.net 2 points 6 days ago

There are definitely lots of people trying to sell courses about this. Most of that seems to be voodoo magic BS around series of indicators and watching candle patterns or whatever.

Unlike MLMs there's definitely real money to be made from smart trading. It makes me feel dumb that I didn't learn this stuff a decade ago.

[–] infuziSporg@hexbear.net 4 points 6 days ago

Honestly if you can live really lean, working a full-time modest job for 5 years or so and putting all your non-essential expenses in an index fund will allow you to live entirely off capital gains from those savings by year 6. This is also a form of leeching, but it's more guaranteed/stable, and accessible to more people.

If you find someone to team up with, in most places you could afford a down payment on a house within 3 years, and you could sustain it by working just enough to pay the property taxes once the mortgage is done. $4000 a year takes less than 10 hours a week to cover.

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