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Author Topic: Do any of you day trade for your living?  (Read 4202 times)

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Änσnymσus

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Re: Do any of you day trade for your living?
« Reply #45 on: October 26, 2022, 08:37:22 AM »
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  • Technical analysis is a discredited theory of stock investing.
    What's your preferred method?


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    Re: Do any of you day trade for your living?
    « Reply #46 on: October 26, 2022, 08:39:53 AM »
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  • Additionally, my post on CRMD had to do with fundamentals - a critical need in the health industry.  Ah, well...


    Offline Yeti

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    Re: Do any of you day trade for your living?
    « Reply #47 on: October 26, 2022, 08:43:07 AM »
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  • What's your preferred method?
    .
    Index funds. Buy and hold long-term.

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    Re: Do any of you day trade for your living?
    « Reply #48 on: October 26, 2022, 08:47:30 AM »
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  • More useless technical analysis.  Classic Bull Flag continuation on GSAT Hourly Chart as posted from yesterday.


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    Re: Do any of you day trade for your living?
    « Reply #49 on: October 26, 2022, 08:52:45 AM »
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  • NVNO Weekly Chart - another great biotech with a beautiful set up on the Weekly Chart but it suffers from a complete lack of volume (usually less than 30k per day).



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    Re: Do any of you day trade for your living?
    « Reply #50 on: October 26, 2022, 09:17:11 AM »
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  • 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 »
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  • 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.

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



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    Re: Do any of you day trade for your living?
    « Reply #53 on: October 27, 2022, 07:07:41 AM »
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  • 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?

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    Re: Do any of you day trade for your living?
    « Reply #54 on: October 27, 2022, 07:47:16 AM »
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  • 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.

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    Re: Do any of you day trade for your living?
    « Reply #55 on: October 27, 2022, 08:15:12 AM »
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  • And Kimble Charting Solutions is a professional take on the macro movements taking place in the markets.



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    Re: Do any of you day trade for your living?
    « Reply #56 on: October 28, 2022, 01:44:03 PM »
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  • It’s like gambling.   

    401 and investing via employment is very bad.  Don’t do it. 

    Maybe try cds. 

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    Re: Do any of you day trade for your living?
    « Reply #57 on: November 01, 2022, 09:48:49 AM »
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  • VGFC beginning to show some stability on the 4 Hour Chart.  Triple bottom with some volume as of late.  Taking an entry.  

    GSAT up 20% since Bull Flag post.  Better than waiting a year for squat from the bank, in my opinion.

    WISH had decent news.  Entered in at .81 with an exit at .72 if the move goes against me.  Looking for a mov to .95 for a gain of 18%.