O/T daytrading...

[king1033]

anyone do it? if so PM me I have some questions

 

[King-kong]

Did it and lost a ton in the tech stock boom. Trust me, any tips you get are BS. Forget the movie name - about stocktraders pushing bs companies. Years ago everyone went by the PE ratio of a company, which said if it really had any value. Nowadays its just gambling, plain and simple.

Warren Buffet said something similar to: Buy good companies at fair prices not bad companies at great prices. So that little startup that went public that seems so tempting likely went public to generate funds for their CEO's. I have had stocks plummett from some jackass saying one thing on CNN that had nothing to do with the company. From now on if I cant touch it I aint investing in it. Real Estate, Vintage Cars, etc. they may go up and down but no one is gonna pull a freakin ENRON on me and make my life savings disappear.
Lately, housing is cheap. Tons of renters - since they cant get a mortgage. However, Day trading is fun - just dont go on margin.

 

[king1033]

Im hooked on day trading and knowing my very meticulous planning and strategies so far so good, I only mess around with a fraction of my capital til I learn and test the waters a little more before and even if I decide to go larger scale. Day trading can be much safer than holding stocks and sitting on them if using good strategy IMO. Yes you are right Real Estate, vintage cars (would be my personal favorite type of investing once I can get this ball rolling ).

Did it and lost a ton in the tech stock boom. Trust me, any tips you get are BS. Forget the movie name - about stocktraders pushing bs companies. Years ago everyone went by the PE ratio of a company, which said if it really had any value. Nowadays its just gambling, plain and simple.

Warren Buffet said something similar to: Buy good companies at fair prices not bad companies at great prices. So that little startup that went public that seems so tempting likely went public to generate funds for their CEO's. I have had stocks plummett from some jackass saying one thing on CNN that had nothing to do with the company. From now on if I cant touch it I aint investing in it. Real Estate, Vintage Cars, etc. they may go up and down but no one is gonna pull a freakin ENRON on me and make my life savings disappear.
Lately, housing is cheap. Tons of renters - since they cant get a mortgage. However, Day trading is fun - just dont go on margin.

 

[jalsmiley]

ive done some in past year or so and if you wanna chat about some strategies shoot me a pm...i did pretty well for a while and then when i stopped and went for a longer hold on a few stocks i lost a little money...i should have kept day trading and i would be up some decent cash!!ha