Day Trading?

PuntMeister

Punt-on!
Jul 13, 2003
1,921
854
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The bars and graphs are interesting. But I find it’s more like playing poker than watching poker on TV. Real time is a bitch, so I gotta dumb it down to Trends and Value. Trends and Value. If it’s cheap znd bottom-ish looking, I’m in. If it I missed the up-swing, I am generally out unless it’s silly popular like FAANG, Tesla, etc. Then I’m a target whore.

(FEPO)..,
 

licks2nite

Active member
Nov 30, 2006
657
79
28
Two opposite views of the S&P 500:



Selected S&P 500. In either a drawdown or rally, everything seems to stop and turn direction with the S&P 500. S&P 500 likely the most thoroughly analysed and readily available analysis anywhere.
 

licks2nite

Active member
Nov 30, 2006
657
79
28
What's missing in every discussion I come across is that Federal government collects interest on its own debt. Can safely, for itself, set interest rates to any level.

From a financial blog today:

Without ultra low rates, every company in S&P, QQQ, Dow & Rus 2K goes bankrupt shortly after it's defaulted on the bonds sold to buy back shares.

There is no more economy. Only a puppeteer Fed [U.S. Federal Reserve Bank] pulling on the strings of corpse companies to make them look alive.
 

Futurebillionaire

Follow The Atom
Jul 1, 2020
88
15
8
Daytrading is not easy nor profitable. Most would consider it gambling including me. If you want to scalp from long term value investors you need to invest at least 150-200k every trade. It is more effective if u are able to analyze and predict irrational upward trends as well as predict the failure and irrational hype of certain stocks. Many airlines have gone up only to come substantially back down. It will only be after about 6months to 1.5 years or so that things will really start picking up again

Take Tesla as another example. Had a ridiculously high per share price of close to $900 with no dividends and yet the number of cars they were pushing out was far below that of other manufacturers. A correction was inevitable. To top it off there is not much that can be done to improve or increase production as the chemistries of lithium batteries are well established and cobalt & nickel are limited in supply. Short of miracles in the mining front, it will be difficult to expand
 
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licks2nite

Active member
Nov 30, 2006
657
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28
The first chart really needs a logarithmic scale on the vertical to remove a distortion. Increases at elevated levels represent a smaller percent of the total than a lower levels.

11_8.png

Prices paid for goods and services are increasing at a rate far faster than corporations can raise end customer prices in the following chart.

14_0.png

Note the gap between prices paid and prices received in 2009 just before the 2009 fall. A similar cash flow squeeze seems to be strengthening.
 

wetnose

Well-known member
Mar 23, 2003
2,050
460
83
South Vancouver
You don't need 150K to daytrade, LOL.

I'd say at the minimum, US$10K, and only trade in options during market hours...and prepared to be glued to the streaming chart. Each trade should never exceed 10% of $10K, so basically you have about 10-15 chances to be right. If you're really right, you could double or triple your $1K over a few hours.

But options can be brutal. A 0.5% move in the stock can mean a 40% drop in your option, if you don't move fast enough.

Only hold overnight after price hits a cycle extreme because opening gaps can be brutal on options.
 
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StillDre

New member
Apr 1, 2021
2
0
1
I honestly don't know why so many people are against day trading. Wikipedia calls us SPECULATORS, to tell the truth this is quite offensive. Also, I don't get why day trading is speculation while lotteries are not. To me, it's the same thing. Again, people go to casinos, and don't consider the owners of the casinos speculators, but day trading is! Anyways, I don't have anything against lotteries and casinos, moreover I am a gambler whose wish is to visit top 10 casinos of the world. Yet, I don't like this attitude towards day trading and consider that this is unfair! Business is business and time is money!
 
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Kissmepassionately

Make Love Not War
Mar 10, 2021
605
763
93
BC
I’m more like “week trading”. Check it every day, but not glued to my computer while the sun is out and the skirts are short!

if it’s going up and I’m in, then I stay in. Down a couole if days? Meh. Trending down? I’m out.

i have learned that buying low and selling high is all about pulling out after your stock has blown its wad and starts basking in is own juices. You can’t buy low if your in all the time. Get the fuk out when it feels high, and be happy with the gains you msde. DON’T LOOK BACK and kick yourself if it went up more. Patient money in the bleachers ready for a hot date after a messy divorce has been my beat friend in the markets. All the professional advisors tell me to stay in (so they make commissions). Fuk them. It’s my money. And my money does well to take a breather now and then. In fact, I am 80+% on the sidelines atm waiting for the inevitable correction. Then, like a hungry cougar, I shall pounce from on high, and ride the wave to extasy.

-Punt.
This is much the same as I do. Right now I have relatively little invested in stocks. Last summer I was heavily invested for me, which would be barely anything to some people. Last summer was really good to me, I quit working completely, and still made more than I ever did at my job. Only wish I had the balls to have put more money into it last summer, but my worry was about losing a huge chunk. But overall it was great, just not as good as it could have been if I was more of a risk taker.

About the biggest risk I've taken in 2021 so far, was buying a new car, which I didn't realize at the time, many would Mistake for a cop car. Brings me great joy how people move out of the way so much more, and stopped cutting me off, or passing dangerously. I would guess 3 out of 4 drivers are nervous about me being an unmarked police car, when it is just a black Charger.
 

pussy lover

Well-known member
Apr 1, 2005
2,208
757
113
This is much the same as I do. Right now I have relatively little invested in stocks. Last summer I was heavily invested for me, which would be barely anything to some people. Last summer was really good to me, I quit working completely, and still made more than I ever did at my job. Only wish I had the balls to have put more money into it last summer, but my worry was about losing a huge chunk. But overall it was great, just not as good as it could have been if I was more of a risk taker.

About the biggest risk I've taken in 2021 so far, was buying a new car, which I didn't realize at the time, many would Mistake for a cop car. Brings me great joy how people move out of the way so much more, and stopped cutting me off, or passing dangerously. I would guess 3 out of 4 drivers are nervous about me being an unmarked police car, when it is just a black Charger.
Is it bc you also put those car rams in the front of your car and when u approach someone, you open the window and yells out “wee ooo wee ooo “?
 
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Kissmepassionately

Make Love Not War
Mar 10, 2021
605
763
93
BC
Is it bc you also put those car rams in the front of your car and when u approach someone, you open the window and yells out “wee ooo wee ooo “?
Lol. Maybe I should add some stuff, so far it is stock.
 

Perbasaurus

Active member
Apr 10, 2017
100
120
43
anyone buying up EV stocks? whether domestic or for-ex?

i think within 5 years there, is some money to be made here.
 

Corym

Active member
Jul 9, 2015
261
140
43
Great advice and replies everyone, I am still on the sideline, hmmm maybe this is not for me, I guess I could make a few bucks elsewhere. For me, my health is more important than money. :)
 
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