Anyone here into trading?

[Pantless Spency]

Specifically day trading?

Looking into it, first time messing with stocks but I'm trying my best to educate myself before I waste some $$$.

Anyone got any tips? Any trade/day trade forums worth visiting?

Cheers fellas

[jaywood]

Used to day trade. Now in long terms. Day trading was too stressful.

[Balleristic31]

There are mock trading websites you can join that actually use realtime prices so you can get an idea of how you would do in the real world without losing any money.

[Pantless Spency]

Used to day trade. Now in long terms. Day trading was too stressful.

Stressful I would imagine, but you can net more gain, but obviously also lose more.
With proper homework you can have a 60-70% success rate, and turn more profit in a day than you would annually in long trade.

I'm still not sure if I can take the day trade. I think I would be butthurt when I lose Hahahha.

There are mock trading websites you can join that actually use realtime prices so you can get an idea of how you would do in the real world without losing any money.

I've looked into that a little bit. I'm definitely gonna do some homework Tmw at work, gonna be a slow day.

[kickinindian]

Use investopedia for practice , I'm playing around on robinhood since the trades are free, just using $20 and working up slowly on penny stocks for now

[Pantless Spency]

Use investopedia for practice , I'm playing around on robinhood since the trades are free, just using $20 and working up slowly on penny stocks for now

ill have to check it out.

yeah I put 50.00 in with my TD ameritrade account to start, I don't plan on pumping anymore into it, just play with pennys and see what I can make out of 50.00 in a year.

[flyboyx]

came expecting a wife swapping thread. leave disappoint.

[Pantless Spency]

came expecting a wife swapping thread. leave disappoint.

the misses would have me without a pulse.

lol, and vise versa, if she was with another man I'd probably be dead.

[5Toes]

great thread so far. I have always been curious myself, maybe 2016 is a good year to start?

[phreshkid]

Day trading is scary. I used to daytrade bitcoin but the amount of stress that came with these incremental changes in market price are not worth it. Buy stock and stay in it for a longer period of time (6 mos, 1 yr, 5 yrs, etc.) If you are adamant about trading, utilize programs that trade for you. Set buys and lows to how you see fit and watch the program do it's thing.

Holding onto bitcoin for a year was a far greater strategy for me. I came out $20k on top of my initial investment. It was nice.

[J.Rizo]

Holding onto bitcoin for a year was a far greater strategy for me. I came out $20k on top of my initial investment. It was nice.

bruh... how about I give you money, do that^^^ again and you take a percentage lol

[kickinindian]

bruh... how about I give you money, do that^^^ again and you take a percentage lol

that is not gonna happen with bitcoin again.

[jaywood]

Do not day trade unless you 100% know what you're doing. It is not worth the stress.

Also, penny stocks...there are a reason you don't hear about penny stocks when you take investing courses. Sure you can make 100% in a day, but you can also just as easily lose 150%.

Do your DD and invest wisely.

[Nick_S]

My aunt does seriously well with long term investments. Been wanting to get into day trading or put some money in long term investments.

[Pantless Spency]

i feel like long term is difficult to scope, you have to invest a lot to make a lot or get in super early. if you do your homework and find some 8/9/10 cent stocks that are bouncing, you can buy like 1k shares for $100, and catch it on the up bounce, sell out at 13/14 cents a share and make like $30 or $40 bucks, or if it keeps going down and you sell at like a cent or two less its like a $10-20 loss.

day trading is more of a gamble. but who really has money to spare for stocks that are like $20-$50 a share. i would make like $10 in a few months time if it went up.