Search results

UGH... update... turns out over all my trades in 2024 I have made a net profit on day trades and a net loss (and not a small one) on swing trades. As much as I hate it, maybe day trading is the way to go.

actually you have hit it on the head as well. I do not sleep , check after hours ,etc... maybe day trading is good after all

There was a great "dumbest thing" thread that got alot of response.. so let's do the opposite... What is the Smartest thing you ever did Trading..... for me I have to say learning to exit trades.. either with a manageable loss or a profit. I had this nasty habit of just not getting out...

easy to find.. just go to Instagram and look at all the scam offers of the day traders selling their magic program.. geez...

letting go of day trading and sticking to swing trading once and for all...

so I know this guy who is a VP at NVDA... he has his entire life savings in NVDA and it is over $50Million.. when I tried to talk to him about taking some profit and even putting some in SPY and QQQ for diversification,, you would have thought I said he needed to sacrifice his child to death...

my best advice.. do not day trade... many of us have learned that the very hard way

yup.. very well said...

WOW... the dumbest thing.. hard to pick one. But, I would have to say repeating the same damm mistakes not 2 times over.. .but more like 35 times... I have to learn the very hard way

Well once again I have learned the hard way the Day trading is just not the way for me to trade. I go back and fourth on this. Yes, I can make money day trading. But it is very intense, very up and down,, and most importantly I do not enjoy it.. So then this leaves me with Swing trading...

see... there is some good advice...thankx

great idea... distract myself. I do still have a day job and that helps,, but I work from home and work when I want so there is not a boss looking over me, etc..

I suffer from a very common problem.. I exit trades too soon. Sure booking profits is great, but I know I can do better. I am profitable, just always looking to improve. I swing trade options. I think one issue is looking at the charts all day long, even though I will not exit. I think it...

do any of these automated systems work? The sales pitch is to trade automatically like a hedge fund. For me it just falls under the category of "too good to be true"

great question.. my income in sales has been at it's current level for many years. The thing is that $$$ is high and hard to walk away from. I do not care about how much I make, I do not even need to make as much from trading as my sales job, but I am making more at trading. It is really more...

I have finally after so many years of effort gotten to a level of success with trading. It has been a very long journey for sure, over 8 years. Now here is the weird part. I have now been consistently profitable for over 8 months, which is a big deal. I am now making WAY more money swing...

OK I guess that’s the latest and greatest thing. ETFs that sell 0DTE options to generate income. QQQY just declared a one $1.10 monthly dividend on what is about a $16 investment. And yes that is a whopping 65% annual dividend. I checked it out and what they are doing is selling 0DTE options...

I haven’t played crude in over 2 years. With the situation in the Middle East I want to go long. What’s the best ETF to do that with? I’ll be looking at calls. I know about XLE but is there a more direct crude etf?

I have finally done the work to understand Credit spreads. It is not some crazy hard to understand strategy to be scared of. I will be putting on my first spreads this week. I have to face facts that after 3 years of straight buying calls and puts I am not profitable. Spreads put the time...

I agree. I think the 0DTE thing is just a craze. It’s definitely not trading, you better get it really right a whole lot of times because the time decay is extreme.