Day Trading

[Hardlinemonk]

I've been reading a bit on day trading and I was thinking of dedicating some of my summer to learning the art of the stock trade. Does anyone have any experience with very quick trades that can give me an idea of what I'm getting myself into?

Appreciate it FF!

[Red-Eye]

Not much xp here but you should know that this market is very risky. Though I would recommend going short on some of the stocks that move alot. The general directions is still downwards so short should be your safest option.

[Foxodi]

No experience from me, but just wondering if you've checked out FOREX trading?

[Hardlinemonk]

I understand it's risky but this is just something I think I would enjoy and could become pretty good at. As for FOREX haven't tried it maybe I'll look it up and do some research.

Any experienced people have some input?

[Carl Ragadamn]

If your looking to gamble just play online poker for money, at least there you have less risk factors to track.

[Moribund]

Well, if you want to experiment with stocks, here is a safe place to do it. How the Market Works (http://www.howthemarketworks.com/)

[Hardlinemonk]

If your looking to gamble just play online poker for money, at least there you have less risk factors to track.

I believe trading in the stock market is based on luck but also good decisions. So I'd rather not gamble online.

TY Moribund for the site too.

[Moribund]

No problem. The game is frustrating, but will teach you a lot. My advise:, look up the companies you want to buy!:faq::faq::faq::faq::faq::faq:

[Carl Ragadamn]

I believe trading in the stock market is based on luck but also good decisions. So I'd rather not gamble online.

TY Moribund for the site too.

Day trading or trading for short term gains is gambling. Poker has less factors to track with similar risks.

[Moribund]

Day trading or trading for short term gains is gambling. Poker has less factors to track with similar risks.

No, day trading is nothing like gambling. Th only was you lose money is IF the company goes bankrupt. Otherwise, the stocks can still be sold at a higher price.

[Krort'Paurk]

Fact: Top day traders only make money 50% of the time.

That's what my brother told me and he was a successful day trader.

[Hardlinemonk]

Fact: Top day traders only make money 50% of the time.

That's what my brother told me and he was a successful day trader.

So what your brother says is fact? interesting...

[Gunther TheBlack]

Not about day trading but...

I think trading in currency is a nice and easy way to get a hang of investing.

It's more transparent to follow as well imo. Just invest in currency of upcoming healthy markets like czech republic or slovakia atm and you prolly get some decent percentages ;)

About stocks, hmm Buy after it crashes, don't be greedy and think long term. Work with a set budget if you can't afford to lose much. But tbh, I really won't advice to jump into the stock market atm before another serious crash happens. It's just disaster waiting to happen atm if you look at multiple economic specialists opinions.


Day trading is about being well informed before hand, being informed very fast and luck.

[stalwart]

nobody gives a flying fuck about search.

[Septus]

No, day trading is nothing like gambling. Th only was you lose money is IF the company goes bankrupt. Otherwise, the stocks can still be sold at a higher price.

That's retarded. If a stock is down that's still money lost. Obviously you haven't realized the loss, and the stock could still come back eventually, but you've also lost time while your money sits tied up making no profit.

E.g. Yahoo falls from 29 to 27. You sell your 1000 shares (lose $2000) and invest in another stock (cut your losses and find a better investment).

You have to understand that sometimes it's better to just take the loss and admit to yourself that you didn't evaluate correctly.

While you're waiting for Yahoo to go back to 29, I could have just split the money over some safe investments (bonds, etf's, whatever) and another stock with a non-retarded CEO (inside joke for anyone who invests :P). So my second investment fares better and I make back the $2000 and then some, in which time your dumb ass stuck with Yahoo which fell to $21.

Okay, so you still haven't "lost any money" because you could just wait, but like I said, your money is tied up and making no gains, which is in and of itself a loss (in time, and thus potential profit). Plus by the time the stock tanks to $21 you might come to the sober realization that the stock is never guaranteed to get back to $29 at all. And then you kill yourself for the good of humanity.

[Hardlinemonk]

That's retarded. If a stock is down that's still money lost. Obviously you haven't realized the loss, and the stock could still come back eventually, but you've also lost time while your money sits tied up making no profit.

E.g. Yahoo falls from 29 to 27. You sell your 1000 shares (lose $2000) and invest in another stock (cut your losses and find a better investment).

You have to understand that sometimes it's better to just take the loss and admit to yourself that you didn't evaluate correctly.

While you're waiting for Yahoo to go back to 29, I could have just split the money over some safe investments (bonds, etf's, whatever) and another stock with a non-retarded CEO (inside joke for anyone who invests :P). So my second investment fares better and I make back the $2000 and then some, in which time your dumb ass stuck with Yahoo which fell to $21.

Okay, so you still haven't "lost any money" because you could just wait, but like I said, your money is tied up and making no gains, which is in and of itself a loss (in time, and thus potential profit). Plus by the time the stock tanks to $21 you might come to the sober realization that the stock is never guaranteed to get back to $29 at all. And then you kill yourself for the good of humanity.

Day trading isn't sitting money it's very rapid trades throughout a day.

[Vanno]

Not much xp here but you should know that this market is very risky. Though I would recommend going short on some of the stocks that move alot. The general directions is still downwards so short should be your safest option.

Short the fuck out of Citi, Countrywide, and Lehmann IMHO.

[zlurp]

I'd learn stocks before trying FOREX. FOREX is way more volatile and risky, but faster money imo. As the saying goes...

[Uzik]

Get a real job IMO.

Learn a trade skill or something. Jobs like stock broker, financial analyst etc. are very dependent on us having a good economy. Jobs like plumbers, electricians etc. are always needed though.

[Hardlinemonk]

Get a real job IMO.

Learn a trade skill or something. Jobs like stock broker, financial analyst etc. are very dependent on us having a good economy. Jobs like plumbers, electricians etc. are always needed though.

I have a job I'm 18 I'll be going to College in the Fall. This would never be a full time or even part time thing more of a hobby. Way to put words in my mouth lol gj.

[alhazred]

I've been reading a bit on day trading and I was thinking of dedicating some of my summer to learning the art of the stock trade. Does anyone have any experience with very quick trades that can give me an idea of what I'm getting myself into?

Appreciate it FF!


go with an already flushed out portfolio and hold on to it

before tax just holding onto a fund outpreforms day traders 75% of the time and when you add in the capital gains tax (remember that only incurse when you sell so day traders pay more often earlier on) that doesnt get to grow and compound you lose out even more

hoping around buying/selling will only make you money fast if you have insider info if you have that + large amounts to invest real fast go for it

***ps obama wants to raise capital gains from 15% to over 25% so if that dick wins day tradeing will be even more useless

[alhazred]

Get a real job IMO.

Learn a trade skill or something. Jobs like stock broker, financial analyst etc. are very dependent on us having a good economy. Jobs like plumbers, electricians etc. are always needed though.

not true

as for me right now i am catching the falling knife (buying in a dying market) *the phrase comes from trying to time the bottom of the market*

and because we are about to have a huge inflation increase based on what dow chemical is doing and that whole industry along with the subsidy gas price raise in china the best thing to do right now is invest in industrial property near ports and large citys

so if you can afford to buy a warehouse or two if not jump into a private equity company that works with exports (not imports weak dollar helps exporters) or realestate as land is the best hedge against inflation that still yeilds a cash flow ***besides are far a buildings are conserned the cost of construction is flying at more that 200% of inflation right now so any building you buy with become more valuble based on the cost it would take to replace.

[alhazred]

Get a real job IMO.

Learn a trade skill or something. Jobs like stock broker, financial analyst etc. are very dependent on us having a good economy. Jobs like plumbers, electricians etc. are always needed though.

Get a real job IMO.

Learn a trade skill or something. Jobs like stock broker, financial analyst etc. are very dependent on us having a good economy. Jobs like plumbers, electricians etc. are always needed though.

not true

as for me right now i am catching the falling knife (buying in a dying market) *the phrase comes from trying to time the bottom of the market*

and because we are about to have a huge inflation increase based on what dow chemical is doing and that whole industry along with the subsidy gas price raise in china the best thing to do right now is invest in industrial property near ports and large citys

so if you can afford to buy a warehouse or two if not jump into a private equity company that works with exports (not imports weak dollar helps exporters) or realestate as land is the best hedge against inflation that still yeilds a cash flow ***besides as far as buildings are conserned the cost of construction is flying at more that 200% of inflation right now so any building you buy with become more valuble based on the cost it would take to replace.

[Vanno]

***ps obama wants to raise capital gains from 15% to over 25% so if that dick wins day tradeing will be even more useless

Obama will go back on this position, as he has proven to be quite the deceptive politician.

[Carl Ragadamn]

Obama will go back on this position, as he has proven to be quite the politician.

fixed, removed the repetition.

[Krort'Paurk]

So what your brother says is fact? interesting...

Pretty much unless you have your own stock/options experience to back up counter facts.

[Moribund]

Pretty much unless you have your own stock/options experience to back up counter facts.

I'll believe the guy when he turns out to be the next Buffet.

[Krort'Paurk]

I'll believe the guy when he turns out to be the next Buffet.

Buffet was a fundamental investor. He never did day trading.