Any day traders here?

Anyone who "invests" their stimulus check in day trading deserves what they get.

I mean that’s kinda the stock market theme, win or lose you get what you deserve.
I myself don’t get a stimulus check, but a lotta people are, some that need it greatly, some that probably don’t, might be wise for some to invest, not for others, but I find your statement relevant to this thread, anyone investing in this type of gamble gets what they deserve and should be aware the risk, you could lose it all, you could do tons of research and diligence and miss, some fly by nighter know nothing might make 1,000,000 on penny stocks with almost no risk, who knows...

iFlipAnyone who "invests" their stimulus check in day trading deserves what they get.

When contemplating day trading, take a moment and ask yourself if you have some particular insight into the market that full-time hedge fund folks, investment brokers, and everyone else who has actually made money has failed to see. If the answer is no then invest in bonds, gold, bitcoin, or just enjoy a new pair of skis.

People trade professionally. Most don't make it. You very, very, very likely will not. An investment should have a reasonable expectancy of a return. Day trading does not.

I've been watching a bunch of stocks, interested in programming a little trading not or something for fun, also trying to learn more.

Well I don’t know so I can’t argue which is why I’m asking the ?s and asking for those that do to speak up such as you are.
I’m not really looking to “make it”, I’m literally selling all un needed company property this season only keeping what I need for my employees and hiring a manager to fulfill the remaining 2 years of contracts, biff is moving, I’m looking to see if I can make some small amounts for nothing, and have some fun without a terrible risk like betting on 1 number in roulette. I also thought others would like to get some insight from people that know, seems like you maybe do, and maybe I’m missing something, but being able to make a few hundred a day for nothing, at least for those with $5-$10k on top of their jobs seemed like a not so bad idea,l.
just xlnx for instance, I watched it go from 119ish, to $127, would a $5k investment this am sold this afternoon not have yielded a profit? For little work? Secondly, xlnx, from my limited research, is in the run to be responsible for the computer programming and chip going into many 5G devices, seems like this could boom....idk... could tank if contract goes elsewhere or is split, but what if they had sole rights?

Dollar general is a no brainer, your not gonna get rich, but with the stimulus coming, as last time, their stocks gonna go up when ppl get their stimulus and start spending, dg is primarily found in low income areas, those stimulus checks are mainly going to low income, they need, they’re not necessarily wise with $, they are gonna spend, stocks gonna go up. Could I be wrong, absolutely, why I learn what I can and suggest others to do the same, a mix of people saying you can do it, with some saying no way, and some saying there are better ways should be a beneficial thread, maybe some will benefit, maybe some will just hang on to it or buy their needs, hopefully no one takes a hit.
Finally, buy new skis?!?! I have a ski buying problem, a real one, but in the words of Eric Clapton, it’s ok, I can afford it.

iFlipWhen contemplating day trading, take a moment and ask yourself if you have some particular insight into the market that full-time hedge fund folks, investment brokers, and everyone else who has actually made money has failed to see. If the answer is no then invest in bonds, gold, bitcoin, or just enjoy a new pair of skis.

People trade professionally. Most don't make it. You very, very, very likely will not. An investment should have a reasonable expectancy of a return. Day trading does not.

86% of day traders lose money my guy better of with black jack. Most people telling you how to daytrade make their own money of their shitty fiver courses not trading. Mind you if you know what your doing and want to then go for it.

Yah me too, I dunno what I’m doing but it seems plausible, even seems to have possibilities of low risk unless I’m missing something, and I’m not talking big bucks so I don’t wanna pay an advisor or whatever.

katrinaI've been watching a bunch of stocks, interested in programming a little trading not or something for fun, also trying to learn more.

I’m trying to learn to be in the %14, and I’d like the thread to help anyone with the ability and want to be in the %14, no doubt I don’t know what I’m doing bc I don’t even know if I know, but I’d like to see.

neleson86% of day traders lose money my guy better of with black jack. Most people telling you how to daytrade make their own money of their shitty fiver courses not trading. Mind you if you know what your doing and want to then go for it.

Don't day trade. Buy and hold stocks.

It looks easy but it's alot easier to wait for a major sell-off , buy and forget about it but if you like staring at a screen all day go for it.

SavageBiffThink this could be of use to many, especially with stimulus checks firing out uncle sams wazoo.

Looking for any advice and tips, solely on day trading, not looking to make a milli, wanna be able to get out before substantial loss.

So I’ve been watching several stocks, only checking at open and right before close, coulda made $400/day on $6k the past few days, there’s also a couple I’m looking into as a possible 12-36mo/big gain ( XLNX ) , and dollar general as a safety/small return
Also saw spider makes saw blades now... wtf... be careful when You zip your bibs, in case they mix up their zipper and saw teeth

You do realize that you need a minimum of a 25k balance in your platform to “daytrade” right?

https://www.finra.org/investors/learn-to-invest/advanced-investing/day-trading-margin-requirements-know-rules

NotaskibumDon't day trade. Buy and hold stocks.

Def not out of the question, I’d like to maybe, I was looking at the DT as getting the feet wet, playing around with some small $ as I learn.

TnskiIt looks easy but it's alot easier to wait for a major sell-off , buy and forget about it but if you like staring at a screen all day go for it.

No way, if I do, I’ll look once to buy and once to sell, or maybe, let my oldest kid monitor it while I mtb and get my other affairs in order.

zuesYou do realize that you need a minimum of a 25k balance in your platform to “daytrade” right?

https://www.finra.org/investors/learn-to-invest/advanced-investing/day-trading-margin-requirements-know-rules

No sir I did not, I’ll read the link and go from there thanks, this is exactly the type of info I wanted, $ not really a concern, to me $s always been for friends/fam ,both when I was poor and after I built enough to live, charities that meant something to me, own needs and wants of course, then it became employees too, now I’m ready to retire and just be with my family, ski and bike with my friends, move to where I can ski a few extra months a year and be where I’ve wanted to be since I was a kid, so all the funds dedicated to the company are no longer necessary.

i day trade looms. Hmu if you wanna join my abundance circle

SavageBiffYah me too, I dunno what I’m doing but it seems plausible, even seems to have possibilities of low risk unless I’m missing something, and I’m not talking big bucks so I don’t wanna pay an advisor or whatever.

I have a couple friends that do it. Most of the common exchanges have open api's you can access if you've got an account. As long as you don't spend money you don't have you should be good.

SavageBiffDef not out of the question, I’d like to maybe, I was looking at the DT as getting the feet wet, playing around with some small $ as I learn.

No way, if I do, I’ll look once to buy and once to sell, or maybe, let my oldest kid monitor it while I mtb and get my other affairs in order.

No sir I did not, I’ll read the link and go from there thanks, this is exactly the type of info I wanted, $ not really a concern, to me $s always been for friends/fam ,both when I was poor and after I built enough to live, charities that meant something to me, own needs and wants of course, then it became employees too, now I’m ready to retire and just be with my family, ski and bike with my friends, move to where I can ski a few extra months a year and be where I’ve wanted to be since I was a kid, so all the funds dedicated to the company are no longer necessary.

Good looks man. Day trading is a crazy business. I agree 100% that you should invest your stimmy check. Long term is usually the way to go unless you want to do cocaine all day

SavageBiffDef not out of the question, I’d like to maybe, I was looking at the DT as getting the feet wet, playing around with some small $ as I learn.

No way, if I do, I’ll look once to buy and once to sell, or maybe, let my oldest kid monitor it while I mtb and get my other affairs in order.

No sir I did not, I’ll read the link and go from there thanks, this is exactly the type of info I wanted, $ not really a concern, to me $s always been for friends/fam ,both when I was poor and after I built enough to live, charities that meant something to me, own needs and wants of course, then it became employees too, now I’m ready to retire and just be with my family, ski and bike with my friends, move to where I can ski a few extra months a year and be where I’ve wanted to be since I was a kid, so all the funds dedicated to the company are no longer necessary.

I think you'll need a margin account but it doesn't mean you need to buy on margin, good luck.

I've been sorta swing trading a low risk amount of money and have made enough to pay off all the alcohol I've bought since starting. I've been trying to stay informed in the companies I'm buying shares of, but it feels so random. I don't really know much about anything outside of the tech sector so my portfolio isn't very diverse but I think that's okay if you can only invest so much time into it. Overall, I'm really just doing it for fun and if you understand the risks, start out that way until you think you understand it better. Maybe a better alternative to day trading is margin trading but I haven't dipped my toes into that yet. It requires a lot more money to lose than I have

Yea I day trade. My Aunt works at a huge investment bank in nyc and taught me about the stock market when I was pretty young. I've sorta taught myself everything I know at this point with her help. When school gets too busy though I will just put my money into low-risk stock. Waking up for market hours sometimes is such a nice way to start your day

Ya when I was 18-22 I enjoyed some ya yo, so much that one night I ran dry, went out dropped my weed pipe on the floor doing 100, put my bimmer door into a guardrail and didn’t quite realize til I got home did many more Gs , projectile vomited rainbows and my wife’s family showed up at 6a I was sweaty and basically naked, was my last hoorah 🤪😂
unfortunately Uncle Sam won’t be giving biff a check, my thoughts on investing just coincide with the timing and some of my interest was sparked by the stimulus thinking certain things are gonna go up.

zuesGood looks man. Day trading is a crazy business. I agree 100% that you should invest your stimmy check. Long term is usually the way to go unless you want to do cocaine all day

Yah that’s basically the plan, start low, learn, have fun, whatever I invest I don’t intend to lose but will consider a total loss before it begins, not gonna be in prepared for disappointment or invest the whole basket o eggs

ReturnToMonkeyI've been sorta swing trading a low risk amount of money and have made enough to pay off all the alcohol I've bought since starting. I've been trying to stay informed in the companies I'm buying shares of, but it feels so random. I don't really know much about anything outside of the tech sector so my portfolio isn't very diverse but I think that's okay if you can only invest so much time into it. Overall, I'm really just doing it for fun and if you understand the risks, start out that way until you think you understand it better. Maybe a better alternative to day trading is margin trading but I haven't dipped my toes into that yet. It requires a lot more money to lose than I have

That’s awesome, I wanna learn whatever I can, wouldn’t mind putting in the work either as it’s severely different from what I do now, but the goal is to relax, have fun, and not spend it all before I die, and, if I can make more, that increases what I can do, I’m only 37 so more cheddars better, who knows what a pass will cost in 50 years, idw retire and go back to work bc i outlive my funds, imagine sitting in a nursing home with boots , skis and no pass.

ASAPJackYea I day trade. My Aunt works at a huge investment bank in nyc and taught me about the stock market when I was pretty young. I've sorta taught myself everything I know at this point with her help. When school gets too busy though I will just put my money into low-risk stock. Waking up for market hours sometimes is such a nice way to start your day

ReturnToMonkeyI've been sorta swing trading a low risk amount of money and have made enough to pay off all the alcohol I've bought since starting. I've been trying to stay informed in the companies I'm buying shares of, but it feels so random. I don't really know much about anything outside of the tech sector so my portfolio isn't very diverse but I think that's okay if you can only invest so much time into it. Overall, I'm really just doing it for fun and if you understand the risks, start out that way until you think you understand it better. Maybe a better alternative to day trading is margin trading but I haven't dipped my toes into that yet. It requires a lot more money to lose than I have

Any tips for people just getting into it or platforms you'd recommend?

katrinaAny tips for people just getting into it or platforms you'd recommend?

Uhh i use robinhood its pretty easy to understand but also fuck robinhood, apparantly their parent company is pretty scummy. I downloaded Ameritrade and Fidelity with the intention of transferring everything to there but that takes time and effort so I haven't yet lol. I make sure to just take it slow and don't trade too much too quickly. Don't get excited and buy stuff that is skyrocketing after it's started and don't panic and sell just cus something is tanking. Your losses aren't realized until you sell, and ideally you don't sell until you have made gains, even if they are marginal. I'm still pretty new to this too, so take my advice with a grain of salt! Good luck!

katrinaAny tips for people just getting into it or platforms you'd recommend?

Charles Schwab is the best in my opinion

SavageBiffThat’s awesome, I wanna learn whatever I can, wouldn’t mind putting in the work either as it’s severely different from what I do now, but the goal is to relax, have fun, and not spend it all before I die, and, if I can make more, that increases what I can do, I’m only 37 so more cheddars better, who knows what a pass will cost in 50 years, idw retire and go back to work bc i outlive my funds, imagine sitting in a nursing home with boots , skis and no pass.

I think financial literacy when you are young is so so so important. I’m under 18 so had to open a custodial acc, it was easy actually

1.drop your stimmie on hoge
2. profit

Are you already in the market with a 401k, or do you have any previous experience managing money in the market in any way? If you're just starting out and are serious about long term, just look into a market-linked mutual fund offered and managed by a place like Vanguard, something like VFIAX. If you just want to play around and learn with a small amount, you'll lose the money, but at least you'll learn something and get your feet wet, sp it may be worth it. Just go into with the mindset that you will lose that money.

Haha a true yayo user indeed. That sorry hit home for me Lolol. I only brought the reference up because day trading is one of the most stressful and annoying things you can do to yourself. My pops did it for years and somehow is still alive and comfortable at 65. He’ll be the first to tell you to buy something long term and hold onto it.

Fuck yayo. I’m glad that part of my life is over. Now I just smoke pot and drink beer on weekends and I am super happy about that.

😎

SavageBiffYa when I was 18-22 I enjoyed some ya yo, so much that one night I ran dry, went out dropped my weed pipe on the floor doing 100, put my bimmer door into a guardrail and didn’t quite realize til I got home did many more Gs , projectile vomited rainbows and my wife’s family showed up at 6a I was sweaty and basically naked, was my last hoorah 🤪😂
unfortunately Uncle Sam won’t be giving biff a check, my thoughts on investing just coincide with the timing and some of my interest was sparked by the stimulus thinking certain things are gonna go up.

Yah those where rough times lol, I smoke herb now, only drink maybe once or twice a year usually after a ski day or dinner, may have a shot mid ski day but I can’t drink like I used to. I too am glad I didn’t continue

zuesHaha a true yayo user indeed. That sorry hit home for me Lolol. I only brought the reference up because day trading is one of the most stressful and annoying things you can do to yourself. My pops did it for years and somehow is still alive and comfortable at 65. He’ll be the first to tell you to buy something long term and hold onto it.

Fuck yayo. I’m glad that part of my life is over. Now I just smoke pot and drink beer on weekends and I am super happy about that.

😎

SavageBiffYah those where rough times lol, I smoke herb now, only drink maybe once or twice a year usually after a ski day or dinner, may have a shot mid ski day but I can’t drink like I used to. I too am glad I didn’t continue

Hell yea bro. Cocaine rots the brain. For real. I loved it back in the day but I’m so glad I was able to leave it behind and progress my life to where I am now. I can tag you in the stock market thread for some investing tips. 🤝🤘🏼

Yah that’d be cool, after reviewing that thread you posted last night def got more investigating to do, still looking at both DT and longer, gonna learn a lil about margins etc.

zuesHell yea bro. Cocaine rots the brain. For real. I loved it back in the day but I’m so glad I was able to leave it behind and progress my life to where I am now. I can tag you in the stock market thread for some investing tips. 🤝🤘🏼