Why don't you just set a small burger stand, instead of daytrading?
- Thread starter crgarcia
- Start date
Get your facts straight, I know a guy you made a living out of trading. What about Warren Buffet, all money from trading isn't it? May not in a day, but no one can force you to trade in a daily basis. If you cannot spot a good trading signal to enter a trade, then do not trade; it would be foolish to trade daily just to be a "day trader" and end up losing. Remember you are not only a trader but also an investor.
Eight pages and still no one has hit upon the reason for trading over running a hamburger stand. It's pussy!
It's friday night and you're at the local watering hole hoping to get lucky. Who has the more interesting story? A guy talking about some fat bastard he saw wolf down 3 of his burgers, or the trader who moves markets and makes $$$$$$$$.
It's friday night and you're at the local watering hole hoping to get lucky. Who has the more interesting story? A guy talking about some fat bastard he saw wolf down 3 of his burgers, or the trader who moves markets and makes $$$$$$$$.
Life is about choices. If you have an easier or an more emotionally rewarding way of bringing home more bacon then sitting in front of a quote machine all day sucks. Personally, I like the commute as well as going to K-Mart twice a year to buy some gym shorts so that I can double my work wardrobe
businessstaxes
Guest
the less capital you have the more daytrading is feasible.
daytrading is less risky than swing trading or investing. and way less stressfull..evenings and weekends are wonderful with daytrading.
daytraders don't care about the market or investing in any stock on the evenings or weekends. the daytraders investment is in daytrading. daytrading is a business so it's really and 'investment' like a guy buying a hot dog cart it's an 'investment'
the investors who put down $1 million dollars in an illiquid stock are the real gamblers. immediately they lose half of it.
as for drawdown on stocks it's 50% which is too much...i remember 8% stop loss was the rule,,noawdays,,investors have 50% drawdowns..maximum drawdown is 10%
serious money are not going to risk drawdowns of more than 8% not worth the risk. for a 1 million dollar portfolio that is $80,000! drawdowns! daytraders have no drawdowns..end of day flat cash.
majority of the money loss in wall street is in investments gone bad. the big money losers are in the billions...the banks loss half a trillion dollar in the subprime fraud and yeah that i righ half a trillion fraud..and you want me to invest in this market...even the t-bills are a fraud now since the FED is artifically making rates low. so the guys who bought at march made a bundle..normally yeilds for t-bills rise as the market rise..but this is not the case. buyers of t-bills want more interest as inflation is rising but it's a divergence..the bond market says we are in long recession but the stock market says were in bull market. bond market is always right.
daytrading is less risky than swing trading or investing. and way less stressfull..evenings and weekends are wonderful with daytrading.
daytraders don't care about the market or investing in any stock on the evenings or weekends. the daytraders investment is in daytrading. daytrading is a business so it's really and 'investment' like a guy buying a hot dog cart it's an 'investment'
the investors who put down $1 million dollars in an illiquid stock are the real gamblers. immediately they lose half of it.
as for drawdown on stocks it's 50% which is too much...i remember 8% stop loss was the rule,,noawdays,,investors have 50% drawdowns..maximum drawdown is 10%
serious money are not going to risk drawdowns of more than 8% not worth the risk. for a 1 million dollar portfolio that is $80,000! drawdowns! daytraders have no drawdowns..end of day flat cash.
majority of the money loss in wall street is in investments gone bad. the big money losers are in the billions...the banks loss half a trillion dollar in the subprime fraud and yeah that i righ half a trillion fraud..and you want me to invest in this market...even the t-bills are a fraud now since the FED is artifically making rates low. so the guys who bought at march made a bundle..normally yeilds for t-bills rise as the market rise..but this is not the case. buyers of t-bills want more interest as inflation is rising but it's a divergence..the bond market says we are in long recession but the stock market says were in bull market. bond market is always right.