Day traders

[Expensive Date]

Did my first two day trades this week 9% on the first 11% on the second.How about a thread of what we are trading.

 

[stecz20]

we have a f & i section

 

[Expensive Date]

Yes I no that thats why I posted it here thought it would be a good thread do you disagree?

 

[stecz20]

no i was using the new pots button, sorry im a little slow.....

 

[stecz20]

day trading is tough, unless you have time and the know how of what your trading... i worked on the floor back in the 90's.. dont miss it one bit.. no sir re..

 

[Wardey]

My ex business partner was a day trader. That's why he is my ex-partner. That's all he did !!! I don't have time to sit there all day and play with the markets. Dave

 

[stecz20]

more day trader lose than anything else... i know a few guys that make a few hundred a day maybe make 150,000 a year and have nice lives, its the ones that are pigs and want to make a killing go down hard... i have a few buddies that made trunks full of money in the dot com days...

 

[bootdaddy]

I've known a bunch who have done it and I have traded em up pretty hard myself.

I think it is fading in popularity, but it may be revived by all the soon-to-be-ex-wallstreeters...

In my experience, it takes a strong stomach, the ability to literally babysit every tick with tight stop losses and a real gut sense for the market - which few people have over the long term. At some point even the greatest traders get washed out - check anywhere on Wall Street today for recent examples .

After all is said and done - the short term tax liabilities are simply ENORMOUS given the level of risk incurred.

Through 2008 market probably churns a little higher with managers marking up books for year-end. Come the new year - with a new Prez - it is literally anybody's guess on what will unfold...anybody claiming otherwise is to be avoided like the plague!

 

[Expensive Date]

What I have been doing is probably not hardcore day trading.Like Thurs AM I bought Delta airlines (DAL) for 9.17 sold Fri am for 10.40.I should have been more aggressive on that one.But I was at the time happy with the profit.
I don't stay in front of the computer all day I can't I have to run my business but I do enjoy doing it.I think at this point its more of a hobby that makes some money

 

[MarylandMark]

What service are you using? Without getting personal how much we takin'? Do they still have minimums or blocks of say 1K share you have to buy without a premium?

I "day traded" about 10 years ago but then again anyone could win in the tech bubble. I'd like to take say $1K and let it ride- in your example that would be a little over $100 on the plus that day; I'd take it!

 

[Expensive Date]

I use etrade when I was playing around the week before I bought 10 shares of DHR so I don't think there is a minimum.The DAL deal was 100 shares so after the trade fees I made about $100.00 before taxes.
I am thinking about Ford on Monday its like 2.19 if it goes up .25 thats around 12%.To me its like playing craps and I have always been able to walk away with chips if you get greedy you will lose

 

[Ratickle]

To me its like playing craps and I have always been able to walk away with chips if you get greedy you will lose

Exactly, remember, "Pigs get slaughtered, Don't be a pig". The difference is, if you do your homework, your chances are much better than Craps, more like BlackJack.

 

[Wahoo 214]

What is left of "day trading" will be gone when Obama raises cap gains to 40+%.

 

[BradleyA]

The Market Sucks!!!

 

[Member: 541]

Exactly, remember, "Pigs get slaughtered, Don't be a pig". The difference is, if you do your homework, your chances are much better than Craps, more like BlackJack.

Good Post, do your research.