Day or swing traders?

Discussion in 'Off-Topic' started by Jishory, Oct 11, 2011.

  1. Jishory

    Jishory Junior Member

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    Who does it? I want in. How do I get started? I will most likely try swing trading, cant be at a computer 24/7 or even think I would want to.
  2. Goofus Maximus

    Goofus Maximus Too old to be this dumb!

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    Just take the money to the casino. Same result in the end...
  3. Ranger

    Ranger Warrior

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    yep, dont even think of day trading with money you might actually need for something. that shit is stupid unstable
  4. MSP

    MSP Haunting a dead forum...

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    Given how rocky the markets have been even the experts are having a hard time deciding where to invest. Whatever you gamble better be prepared to lose! That said, there are some bargains out there right now...
  5. j0k3r

    j0k3r El Chupacabra

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    Research margin trading. You can make a killing in this economy trading on margin.
  6. -=Lurker=-

    -=Lurker=- **BANNED**

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    What he said.
  7. Octane91

    Octane91 <smartass comment> Staff Member

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    Day trading is the buying and selling of stock just on the small cents that it gains or looses; Typically you don't hold onto it for more than a few hours.
  8. smirnoff

    smirnoff Curmudgeon

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    The idea that you can sit at home, look at a few charts, read a few bits of news and make successful decisions day in day out is just marketing. Nothing is worth more to an online brokerage than increasing the number of trades executed through them. There's been a real push these last few years to increase clients activity and they're really pumping the idea that you should get in on every little swing up and down.

    Even if there were no fees or commissions associated with trading it's still unreasonable to think you could casually make money. Again, that's just marketing. A romantic idea. People who try and day trade from home are simply not aware of how outgunned they are.

    I've made a living day trading for 5 years and not one cent of that has come from a technical system or charts or fundamentals or any of that shit they try and sell you. It's all come from tracking down market inefficiencies and exploiting them (shit computers haven't figured out how to do yet). That goes for every trader in the company (thousands of people). And these are people who live and breath the business. Every single day at the computer, working on shit after hours, highly educated. I know of literally one person who makes consistent money doing something that's remotely possible to do at home.

    Day trading is not a reasonable option. Period. There's loads of money to be made, but not in any of the ways they'd have you think. On top of that most people don't have nearly enough capital to make it feasible.

    If you want to get in the market, get in. Don't start thinking you can time it though. Don't look at a chart and think "yeah, I would've got in there and got out there", that's bullshit, trust me. I've been there, it's self deception. Paper trade for a while, and be disciplined about it. Don't cheat. See how that goes.
  9. ninefivezero

    ninefivezero infinite resolution

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  10. -=Lurker=-

    -=Lurker=- **BANNED**

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    LOL
  11. ivwshane

    ivwshane We are all old school!

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    Typically you don't hold on to it more than a few minutes, sometimes only for a few seconds. Markets like the one we are in right now with wild swings in either direction are great for day traders.

    What do you need to get started? I'd say about $10k.
  12. Goofus Maximus

    Goofus Maximus Too old to be this dumb!

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    Meh. We warned them, but the lure of the casino lights is too strong...