and today 2/9/22 soxl is at $50.71 as of 2:07 pm est. too bad so sad. and you call yourself a swing trader?
When Does Day Trade Becomes Swing Trade?
- Thread starter bob2007
- Start date
and today 2/9/22 soxl is at $50.71 as of 2:07 pm est. too bad so sad. and you call yourself a swing trader?
vincentnyc
Do you know what I bought with that money?? And how many SOXL I still hold?
So what are you? Another idiot. But still remember my getting into at $34.....
He has nothing to show.
What a difference a day trader or swing trader is as long as I'm making $$$?
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"Out in the big positions. But some minor position here and there. Mainly cash accounts that can't do day trading."
your words..not my words.
vincentnyc
This idiot had nothing good to say. Always commenting on what others are doing. Such a loser.
And can't get over with it.
And this is not turning a losing day trade into a swing trade. This is probably what vincentnyc has been doing.
This idiot had nothing good to say. Always commenting on what others are doing. Such a loser.
And can't get over with it.
And this is not turning a losing day trade into a swing trade. This is probably what vincentnyc has been doing.
And I probably have more than 10 accounts holding SOXL. And a lot other posiitons.
There is no real distinction between day trading vs swing trading. If I had a 10% day return that I do not believe going to hold over the short term, then a swing trade can be a day trade. Vice versa. We also need to diversify positions.
I can certainly turn this SOXL position into a 10% day trade, or 48% short-term trade, or a 100% longer term trade. I make decision on what to trade. No set rule that I need to follow....
There is no real distinction between day trading vs swing trading. If I had a 10% day return that I do not believe going to hold over the short term, then a swing trade can be a day trade. Vice versa. We also need to diversify positions.
I can certainly turn this SOXL position into a 10% day trade, or 48% short-term trade, or a 100% longer term trade. I make decision on what to trade. No set rule that I need to follow....
How do you keep on top of everything?
How many accounts do you have? Hell I don't even have 10 stocks.
No. I do not keep on top of everything. Those are only the gains I had. Of course we all have had losses. I guess that is where day trade turning into swing trades?
I do not "day trade". So all are pretty much swing trades. And that vincentnyc dude seems having problem with that.
I do not "day trade". So all are pretty much swing trades. And that vincentnyc dude seems having problem with that.
If I have a day trade it's because a swing trade moved against me right after I opened the position.
I was just wondering why you would have all those accounts? Different brokerages or different account types. Must be a nightmare keeping up with the paperwork.
I get a lot of accounts for various reasons. I limit the amount at IB since I do not want all the exposure to futures when I trade futures. That can carry me away.
Then there are various types of accounts. IB does not offer a lot of them. So I can't even keep a SEP, or Solo 401K at IB. Other brokers offer those.
Also, some brokers offer fridge benefits if you keep money with them. Like Merrill, Chase and Citi. Even Schwab will pay you if you keep capital with them. Like $100 or $200 a year or something.
Then it is the SIPC insurance etc. It is also good to have access to different brokers since all of them can break down with outages etc.
I do keep different positions and different strategies with different accounts. But to the end, it is all the same owner. So I do not care which is which. But only accounts at the biggest brokers are actively managed.
Then there are various types of accounts. IB does not offer a lot of them. So I can't even keep a SEP, or Solo 401K at IB. Other brokers offer those.
Also, some brokers offer fridge benefits if you keep money with them. Like Merrill, Chase and Citi. Even Schwab will pay you if you keep capital with them. Like $100 or $200 a year or something.
Then it is the SIPC insurance etc. It is also good to have access to different brokers since all of them can break down with outages etc.
I do keep different positions and different strategies with different accounts. But to the end, it is all the same owner. So I do not care which is which. But only accounts at the biggest brokers are actively managed.