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Author Topic: Do any of you day trade for your living?  (Read 15169 times)

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Änσnymσus

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Re: Do any of you day trade for your living?
« Reply #50 on: October 26, 2022, 09:17:11 AM »
Sketchy opening for VGFC but buyers look to be stepping up (green bars under the candlesticks).  Heavy volume early bodes well.  For the fellow who created this thread - you could basically be in and out on a 10% move already and call it a day.



Änσnymσus

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Re: Do any of you day trade for your living?
« Reply #51 on: October 26, 2022, 09:33:57 AM »
More useless technical analysis.  Classic Bull Flag continuation on GSAT Hourly Chart as posted from yesterday.


Good one, hope you got some of that move.


Änσnymσus

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Re: Do any of you day trade for your living?
« Reply #52 on: October 26, 2022, 09:56:56 AM »
Thanks.  Still holding for hopeful longer term break out on great news lately for the company.  Option flow currently looking good.


Änσnymσus

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Re: Do any of you day trade for your living?
« Reply #53 on: October 27, 2022, 07:07:41 AM »
Are you able to live from swing trading alone without a job? Are there any books or other resources you could recommend to learn day/swing trading?

Änσnymσus

  • Guest
Re: Do any of you day trade for your living?
« Reply #54 on: October 27, 2022, 07:47:16 AM »
Yes, it's definitely possible, but don't put any money in the market (and I mean any money) until you've spent at least months studying charts.  There are a million ways to approach it - swing trade, day trade, short-selling, options, etc.  If you'd like to day trade look up CamTheMan, Steven Dux, and Ross Cameron (Cameron, I know, wrote a book on day trading).  You'll definitely need hot keys on your computer for that.

For swing trading (and day trading), you should probably know how the candlesticks of the old Japanese rice traders are used.  Look up Stephen Bigalow who wrote a good book on that and also has a ton of decent trading videos like the one here I picked at random. -

Key rule - cut your losses quickly otherwise you'll become a 'bag holder' and likely stuck in a stock going the wrong way for a very long time (the cycle can take at least several months on the weekly chart).  And that is a very, very, life-sapping, soul-sucking, bank-account-destroying experience that you really, really, really don't want.