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All Forum Posts by: Nick Gann

Nick Gann has started 7 posts and replied 192 times.

Post: Day Traders, any out there?

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181

@Michael Rodriguez wow I had forgotten about that post as it didn't gain much traction.

Traded cryptos for about 2 years until I widened up to stocks. Been at that a couple years now too. Still do some day trading when various sectors are hot but have moved to a style of about 3 swings at a time with large size. This keeps my time free for other interests and family while still benefitting from sizeable gains.

I do invest around Nashville. I prefer more rural property.

For your scanner the best out is Trade Ideas but the need for it will depend heavily on what style you find yourself liking. A room to check out and watch the trader floor in would be Atlas, it's free although you can't talk in the trader floor there are many calls and news posted there in real time and could very well mean you don't even need a scanner.

Post: Day Traders, any out there?

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181

Well I don tknow about trading systems for purchase. I do my own thing and have about a 53% batting average. But that's at 2 to 1. Anyway it's not for everyone and I am not trying to sell anyone anything... my interest lies in finding other successful traders who also invest in profit.

Post: Day Traders, any out there?

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181

@Taylor L. Researching what? If you mean individual stocks I personally use a scanner system and trade on volume and gaps... works great. Trade about 2 hours a day.

Post: Let's get right to it, I need financial advice.

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181

@Lenny Smith you can make a killing day trading. You can also lose everything, which is why money management and risk management are the most crucial elements of successful day trading and more importantly those are why nearly all day traders fail.

I personally say if your job makes you miserable you better quit, you got one life and running around wasting it doing **** you hate is a bad idea.

I own some contracting businesses, and day trade everyday. Start a paper account with Think or Swim and learn all the terminology and how to use the platform, place bracket orders, etc. Then after about 2 weeks of that and deep understanding of charts and risk management learning, developing a plan, fund an account with 1000 dollars. And trade real money.

Treat this as a business and mever risk more than 10$ on your first few months of trades. If you develop a plan and learn deeply, and follow that plan every single trade, you will be successful.

Post: Day Traders, any out there?

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181

Day trading is a lucrative strategy if you understand probabilities and follow a plan. I like to let my profita buy rentals... anyone else here trade and use gains to purchase slightly more passive income streams?

Post: Attn: SBA Disaster Loans for Landlords

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181
Originally posted by @Jayagowri Deenadayalan:

When did your wife apply?

 We both applied the friday before streamline and the monday of streamline.

Post: Attn: SBA Disaster Loans for Landlords

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181

Wife and I applied at same time for the EIDL. She got her 1k nearly 2 weeks ago. We have both had our credit pulled... she received her portal info today to finish loan docs. I on the other hand have had nothing more than a credit pull (this is for my S-Corp). I was able to get the PPP for my corp through a separate app and local bank that handles my property refis.

Post: International Real Estate Investing

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181

@Brandon Goldsmith

Learning about hedging against currencies, good folks to listen to are Peter Schiff, Kiyosaki, and Dalio. You'll learn even mpre than you bargain for with those names.

Are there any resources for learning about the various methods of banking, mortgage options or deal structuring in foreign countries? If not that seems like a valuable sub forum here...

Post: Attn: SBA Disaster Loans for Landlords

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181
Originally posted by @Christian L.:
Originally posted by @Nick Gann:

3/31 applied, credit pulled, still no money

 Same situation here @NickGann
Applied 3/31, email, credit pulled, no deposit.
Application number 330080xxxx. 
What was your application number?

 3300035xxx

Post: Attn: SBA Disaster Loans for Landlords

Nick GannPosted
  • Real Estate Agent
  • Murfreesboro, TN
  • Posts 194
  • Votes 181

3/31 applied, credit pulled, still no money