Man, am I glad I'm a day trader

T

Tech Analysis

Market up 120 points one day now down over a hundred the very next.

Can you imagine long-term investing through all this madness?

And they say short-term traders assume all the risk. :D
 
most long term investors would not haven invested just because of yesterday, yesterday was mostly short coverings / momentum buyers mainly because long term investors probably didn't even see it.

the follow up day, today, is what counts :)

and I guess there was nothing to count today :)
 
Quote from coolweb:

most long term investors would not haven invested just because of yesterday, yesterday was mostly short coverings / momentum buyers mainly because long term investors probably didn't even see it.

the follow up day, today, is what counts :)

and I guess there was nothing to count today :)
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Another after the fact genius.
 
I agree TA, moving form position trading to day trading, I prefer it. Still very green, but I love to be out of the markets at the end of the day.
 
It's funny, the press plays up the dangers of daytrading yet at the end of the day, you're in cash. how is that more risky than investing or position trading?
 
Because they don't understand it and can't do it, therefore they bash it. It's human nature, you find that in all things.
 
Quote from plugger:

It's funny, the press plays up the dangers of daytrading yet at the end of the day, you're in cash. how is that more risky than investing or position trading?
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WRONG..

Bceause daytraders use something called leverage and have a greater tendency to blow up their account much faster than your typical longer term investor.

Daytraders also get eaten up by slippage and commisions and other types of junk fees..
 
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