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Author Topic: Do any of you day trade for your living?  (Read 15077 times)

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Offline Stubborn

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Re: Do any of you day trade for your living?
« Reply #25 on: September 13, 2022, 05:11:50 AM »
I guess a few posters here don't really care about the morality (or lack thereof) but are just out to make money.  Sad.
The stock market is all about money, money, money, the making of money, and more money, and yet still more money - by the ones who move the market, mainly the big banks. They are the ones who trade in 100s of millions of dollars multiple times each day. They're the main culprits, the riggers.

Want the DOW to close up? Buy the crap out of a some big caps like Apple, Microsoft etc., while selling the crap out of everything else. When the millions of lemmings hear the news that those are up, millions of "investors" buy the stock - guess who is selling the stock to them?

When price gets too low, the "investors" see losses that are getting too big to take much longer, so in order to cut their losses the "investors" dump the stock at a loss - guess who buying it from them as the price deteriorates? Wash rinse repeat ad infinitum.

Knowing this happens as a rule does not guarantee you will profit off of it because it is a matter timing, timing is everything in day trading. The ones with the big bucks establish the right and wrong timing but are so crafty about it so as to fool even expert traders - and even the manipulators are not always right. When they lose, they lose big, but most often can afford it....because they have several billions of dollars in their kitty.

Even so, a lot of regular people have done well in the markets, and a lot of people can do well, but what is true for most people is the old adage: "If you want to make a small fortune in the markets, start with a big fortune."

Änσnymσus

  • Guest
Re: Do any of you day trade for your living?
« Reply #26 on: September 13, 2022, 09:09:56 AM »
I guess a few posters here don't really care about the morality (or lack thereof) but are just out to make money.  Sad.

Unless you have a religious vocation, your life is governed by money - car repairs, new clothes for the kiddos, going out to eat once in a while.  That doesn't mean money must govern your life.  It sounds like these comments are all made by people who have zero experience buying and investing in companies?  

For the one who started this thread, I posted my entry, exit, price target, result and a few key pointers as well.  Everyone can do what they want with that.  Hey, no charge.


Änσnymσus

  • Guest
Re: Do any of you day trade for your living?
« Reply #27 on: October 04, 2022, 09:29:33 AM »
Here's a potential Swing Trade for anyone interested.  VGFC is a new company which announced a partnership on 10/3/22 with the aim of greater product distribution.  For the last six months they've been increasing their revenue and expanding retail positions into big box stores like Whole Foods, Metro Market, etc.

I'm waiting for the RSI to cross above 40 and pull back and the price action to start crossing the 20sma (blue line).  Always risky but, after that, it could see a potential move to the .35 cent area - almost 300%.  We'll see what happens.  Bon voyage.


Offline Ladislaus

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Re: Do any of you day trade for your living?
« Reply #28 on: October 04, 2022, 11:31:23 AM »
This here forecasts that VGFC will drop another 44% in the next 3 months --
https://stockinvest.us/stock/VGFC

Not sure if I would invest in that given that they're into plant-based meat substitutes (more soy-boys?).  Of course, they could really take off if they start using bugs (per Klaus Schwab) ... except they're allegedly vegan, so I think ze bugz would be out also.

Also, I don't believe that day-trading is particularly moral.  You make money for doing nothing, by basically gambling.  You make money; someone else loses money.  None of the money is based on anything productive ... like the long-abandoned traditional notion of a stock (where the stock is actually an investment in the company and represents an actual share of the company).


Änσnymσus

  • Guest
Re: Do any of you day trade for your living?
« Reply #29 on: October 04, 2022, 11:51:03 AM »
I like charts that show price is lower on the left side of the chart and higher on the right side of the chart. To me, that is one ugly chart.