(12-21-2021, 05:07 PM)ken-do-nim Wrote: I was starting to drift towards that at one point this year, and as forum members can attest, I was horribleI saw a TikTok video from a kid about age 14 last week. He said it is easy. You just buy a stock that is going up and sell it when it stops going up. Wish I had thought of that.It is also anathema to what I consider fun about a portfolio, which is stock collecting. What energizes me now is getting all my favorite stocks to 100 shares, then it will be 125, etc.
My friend Jeff in Connecticut day trades, but my understanding is that he had one lucrative period and has never matched that since.
I do have one trader guy I watch on Youtube for entertainment. He mostly day trades but will follow them up or down with trailing stops depending on whether he is long or short of course. He might buy the close on Friday unlike a "hair on fire" day trader. He is also trading indexes and ticker higher quality tickers like AMZN-TSLA-AAPL. He cuts his losses very quick when the trade goes against him. Other than appropriate trade size that is pretty much rule number one. Don't care who you are, eventually you have a few bad weeks where you don't it right much. You'll take yourself out of the game quick if you are disciplined. That part is just common sense.
Personally I think swing trading is FAR easier. Valuation is often involved to some degree then, and we can calculate it. I have no idea whether a stock is going up or down in the next 15 minutes. Some of the high frequency guys aren't even trying to be in that long. I've seen them bet tens of thousands on a ticker and they don't know what the company even is. You better get out fast if that is your game.