Stock market opportunities

[Team4LongGun]

You’re not big on reading for comprehension are you. I should have stated things in a more basic way.

And......your back at it I see. You do see how you come across, no?

You ask a question, then argue the answers you get, then seemingly answer you own questions with knowledge.

I'm not picking on you, just curious if you do this for fun or don't see it from your end.

As for investing advice, sorry I can't help, no investments here.

 

[CorbLand]

I would bet there are hunters here that make money day trading.....

I have made money day trading. The only reason that I can say that is the ones that have gone south, I am still holding so I technically havent "lost" money.

 

[Maverick1]

You’re not big on reading for comprehension are you.

Is that a question, without a proper question mark at the end?

Or is that a statement, inappropriately written and phrased as a question with the “are you” at the end of the statement?

Trying to help @svivian out.

Written in “a more basic way” perhaps he could respond.

 

[TaperPin]

And......your back at it I see. You do see how you come across, no?

You ask a question, then argue the answers you get, then seemingly answer you own questions with knowledge.

I'm not picking on you, just curious if you do this for fun or don't see it from your end.

As for investing advice, sorry I can't help, no investments here.

You mean my snarky comment and putting them on ignore AFTER these two guys start casting shade my way and throwing up memes that are obviously some left over junior high school animosity from something unrelated to this. Just exactly what constructive answer or advice do you see that they gave? *chuckle*

 

[CMP70306]

I mean with the power of hindsight if I had taken my college tuition and invested in Amazon, then Enphase Energy and then NIVIDIA as a day trader I could be worth $665 million.

Spoiler alert, I am not.

 

[CorbLand]

I mean with the power of hindsight if I had taken my college tuition and invested in Amazon, then Enphase Energy and then NIVIDIA as a day trader I could be worth $665 million.

Spoiler alert, I am not.

I feel you on that. A friend in college told me that the smartest thing I could ever do was buy 100 bucks worth of Bitcoin and not look at it until I retired. It was around 50 cents a coin back then. I would be retired now if I had done that instead of buying 5 cases of beer.

 

[Speaks]

Its actually super easy to make money day trading if you are using cash. Price jumps around all day, buy on a dip sell when it goes up a bit. You might trade in and out of a particular stock several times in a day making small percentages each time. Only issue is if it falls off a cliff but you can usually see if its bouncing around vs in a free fall.

Sometimes you time it wrong and have to hold something for a bit, and by bit I generally mean a few days or weeks at worst, assuming you are doing this with solid stocks and not crap.

Now why do most day traders loose money. 1) They are not trading stocks but options 2) The gains per trade are super low and generally not worth your time unless you are using a massive bank roll. People trade on margin. So instead of using their $1000 to buy and sell 10 shares at around $100 apiece making $.50 per share per trade they use margin to multiply that out and be making $10k or $20k trades with their $1k. Gains are multiplied but so are losses and they can quickly exceed what you were playing with. Many also then use options which multiplies risk and reward combined with margin to do the same and can super quickly loose real $$.

I actually find day trading small sums of money rather fun and easy to win at. It causes issues with having to register my account as a day trader and show all the transactions on my taxes for something that makes me very little money though so I dont mess with it anymore.

If you want a simple way to make money in the market you are better off just DCAing into SPY and perhaps selling covered calls on it to increase your income (though limiting upside).

 

[pirogue]

Everytime I see what my average on Apple and Phillips 66 are from buying in 2020, I just shake my head and wonder why I didnt dump my life savings into those two and walk away.

And aren’t you glad you didn’t copy Buffet and dump a ton of Apple in the 4th qtr, averaging $180s