01-09-2022, 08:30 AM
When the market gets euphoric momentum works, but soon enough it sucks in the inexperienced who don't realize you only have days to realize the music stopped.
When I first started in 2017 I tried a little of everything - not pure day trading but a lot of short-term things, a lot of buying something with a set sell price of 25% higher which tended to pay off 3-6 weeks later. I always say it was a great time to experiment - even my complete screw-ups made money. I quit doing that by early 2018, went to a longer-term perspective. But for those first few months I was downright brilliant! Pretty amusing in retrospect.
When I first started in 2017 I tried a little of everything - not pure day trading but a lot of short-term things, a lot of buying something with a set sell price of 25% higher which tended to pay off 3-6 weeks later. I always say it was a great time to experiment - even my complete screw-ups made money. I quit doing that by early 2018, went to a longer-term perspective. But for those first few months I was downright brilliant! Pretty amusing in retrospect.