Ok so here is le question.

I'm on my last $2K f**K off money, so I'm at a fork in the road. Down one path, I'm fairly well versed in the art of Technical Analysis and have scores of books on the market. Down the other path, I've studied the game of poker much longer and intensely with an equally large codex collection (used codex for lack of redundancy).

The question is, for a steady sure income should I devote my time to sharpening my TA penny stock game......OR......my Live NL200 game. I'm a current break even possible slight winner at 1/2 live. I've also made some decent paper trade picks on my thinkorswim account.

VARIABLES:

1. Poker players are inherently getting better everyday and soft 1/2 games are becoming scarce

2. TD Ameritrade has a $9.99 commission for each trade. Thats a 20 dollar round trip. With decent risk management you looking at risking max 10% each trade and going for at least at 2:1 profit loss target on the charts your looking to make 400 bucks a go and risking 200 (less commissions).

GRAND QUESTION: from people that have experience which makes more sense.

I'm ready to go either way and I'm so torn I'm LITERALLY leaving it up to the vote.


ITS YOUR CHOICE AMERICA










tl;dr:
26 yo making epic life decisions by way of public voting

It's like asking whether you should sell plasma or sperm.

and so goes my dilemma

1 answer.... Taxes.

True. But for me that spawns another questions. I'm thinking of forming my own LLC so that all of my speculative risks be it gambling or "investing" can be written off. Is this viable?

For less than $50k.... No.

Fair enough. Question answered lol. Now on to the main course. Penny stocks and playing the ol' pump and dumps or poker?

Question for you:

If you are any good with either of them, why would you be posting the question now?

Depends.
Are you planning on going to drive to Oklahoma every day to play live?
Will you be playing poker online?

Personally, I think poker has much, much less risk than penny stocks. And the rewards are more immediate.

Yes, their are more skilled players than ever before. But surprisingly, there are still many who think they are skilled and are very exploitable.

$2k is barely enough to start playing 1/2 live. But, it's up to you how well you think you play.


Also consider the rake:
at my casino - they take 10% up to $5 per pot.
I win $100 - I get $95.
vs Schwab - you make $100, they take 19.98 (you pay for every buy AND sell transaction)
BTW - if you want to make real bank - trade options - not penny stocks.

Why don't you just get another job working nights at Taco Bell?

It'll pay better and you'll be guaranteed to make money.

just my 2 cents, but is it even possible to make any money at penny stocks with those fees.

My advice, take it or leave it.
1. Actually study poker, i mean 1/2nl is not hard to beat if you put time into studying and hand reviews. grind up a roll=profit....


2. Bet your 2k on the broncos winning the Superbowl=profit..

^^^^ spew

You're a break even player at poker and you're not able to even find a decent online commission rate for trading stock. You're doomed to failure either way.

I'm going to lock this to prevent more trolling.