If you guys take a look at my lvs call when it was 2.39 (9000 shares), you probably think I doubled my money. However, I only made about 40% because I was daytrading it while it was going up. I averaged 300-500 per day day trading this stock. However, I missed out half of the big rallies when I sold after it went up to 16% then 26% because I am scared of a pullback. However, I am sure that this is a stock that will survive, so i never sell when I buy in at the high of the day.
Another example is when I bought 4200 shares of mgm aftermarket this thursday at 3.39 and sold the next day when it went to 3.87, but it later rallied to 5.2.
I would not call myself a daytrader because I hold positions over night. However, I traded over 168 times since feb 20. If I just bought and held, I would of made more money and saved on commissions.
I am known for my bullish calls on stocks, but I feel so pathetic when others follow my call, held their shares, while I stupidly think my measly profits are great.
Q: Should I daytrade a stock that I think will go from $2 to $10 in six month or hold some % of the position long and daytrade the rest? Or, should I sell my shares and take half of my principle and profit to buy calls?
Another example is when I bought 4200 shares of mgm aftermarket this thursday at 3.39 and sold the next day when it went to 3.87, but it later rallied to 5.2.
I would not call myself a daytrader because I hold positions over night. However, I traded over 168 times since feb 20. If I just bought and held, I would of made more money and saved on commissions.
I am known for my bullish calls on stocks, but I feel so pathetic when others follow my call, held their shares, while I stupidly think my measly profits are great.
Q: Should I daytrade a stock that I think will go from $2 to $10 in six month or hold some % of the position long and daytrade the rest? Or, should I sell my shares and take half of my principle and profit to buy calls?