Day Trading, have you tried your hand at it?

[troon patrol]

The more I read/watch about it the more curious I get, has anyone here taken a shot at it? Did you find sucess or find it not worth your time?

 

[Mediocre]

Not really, I am more of a buy and hold type of person. I did mess around with penny stocks at one time but eh, it's too stressful.

 

[oldTireWater]

I strong market can make you think you've got shit figured out...but you don't.

 

[Quantum Diabetes]

I've been doing it for about 6 weeks now. Mostly doing OK, just an extra $15-20 here and there.
My best stock is the Philips 66 gasoline company, actually none of my high performance stocks are what they hype up elsewhere. I did experience some paper hands when I should have held but I'll keep chugging along.

 

[Secret Asshole]

It used to be, but algorithmic trading pretty much slashed it. Of course, you could always just go full retard with it because the market doesn't predict chaos ala GME.

 

[Chaos Theorist]

I like to trade Mondays for Fridays because I'm always chasing that Friday feeling

 

[Deepthoughts]

Its great for people who like to gamble. Besides that quant/algorithmic trading has almost completely killed it.

 

[likeacrackado]

tldr: they'll wring you like a towel to make them money

With that said I don't think long term retail investing is a bad idea if you do research.

 

[Freshly Baked Socks]

Yes. This past year has been fun, from HODLing TSLA, to the big GME squeeze.

I look forward to another exciting year!

 

[HOMO FOR LIFE]

Yes. This past year has been fun, from HODLing TSLA, to the big GME squeeze.

I look forward to another exciting year!

Great crash yo

 

[Picklechu]

Great crash yo

That just means retirement goes on sale.

 

[Freshly Baked Socks]

Great crash yo

 

[Bassomatic]

I've played with it when younger and poorer. It's stressful, and I really didn't enjoy what little I made. Buy and hold is the way to go and dump what you don't like/need/trust.

If you want to stare at like 4 screens and try to make some cash, I don't think traditional stocks is the way to go anymore.

Currently, right now the market is very high, so you'll need a grip of capital (or current investments) to really make any reasonable income, look into an LLC to file for taxation if you're serious. Cap gains stings too so always factor that before you click Go.

 

[Otterly]

No. Too poor, too cowardly, too inexperienced and live somewhere with too high taxes (also too honest and thus pay said taxes...) I have a few coins I think might work and will sit on them for a while.

 

[Socrates]

it's a good way to watch your hard earned cash fly into hedge fund pockets in slow motion

 

[RussianParasite]

Ive done it frequently over the past 4-5 years or so. I’ve gained a lot more than I’ve lost which is nice (so far). If you can’t read/understand an earnings report, don’t know market fundamentals and don’t do research then it’s a dangerous game and just straight gambling really. Even if you can do/know these things it can still be dangerous— equities are fickle as fuck.

I’d say go for it just for the experience. Don’t trade on margin and don’t risk money you can’t afford to lose.

 

[Cow Poly]

I actually did jump in to stonks recently. Been meaning to for many years so when all this meme shit happened I took it as a sign from God. No day trading though. Everything I bought so far is to hold for a few years or more. Goal = to create a large and diverse portfolio.

 

[TVStactic]

It used to be, but algorithmic trading pretty much slashed it. Of course, you could always just go full retard with it because the market doesn't predict chaos ala GME.

so you need to submerge yourself in faggotry that is reddit's r/stocks and r/wallstreetbets?

With that said I don't think long term retail investing is a bad idea if you do research.

agreed, i don't think some dude ever said that long term investing with research done is bad unless he had stuff to sell to suckers.

Yes. This past year has been fun, from HODLing TSLA, to the big GME squeeze.
I look forward to another exciting year!

i woulda joined earlier the diamond hands sthick but wasn't paid because corona, man fuck this xing xong coof. woulda been making big gains by now.

I've played with it when younger and poorer. It's stressful, and I really didn't enjoy what little I made. Buy and hold is the way to go and dump what you don't like/need/trust.
If you want to stare at like 4 screens and try to make some cash, I don't think traditional stocks is the way to go anymore.
Currently, right now the market is very high, so you'll need a grip of capital (or current investments) to really make any reasonable income, look into an LLC to file for taxation if you're serious. Cap gains stings too so always factor that before you click Go.

the thing is for day trading right about now you need bots and a good amount to join in, best bet is trying to cash in the autism but always know that if you don't want to lose, don't bet.

 

[world of shit]

If you're dead set on losing your money, at least a hooker will blow you first.

 

[guidmaker]

If you're into crypto, it's so easy now to make passive income by staking and loan interest.

Bot trading crypto is somewhat profitable, but the counterparty risk in the form of disabled withdrawals, locked accounts, or KYC traps is way too much imo on the low-fee exchanges like binance, bitmex, and bybit.