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Stock Thread 2019

afm199 said:
This is a continuation of the 2019 thread, afresh. ( http://www.bayarearidersforum.com/forums/showthread.php?t=522049 )

I reiterate my recommendation for PEO.

What will this year be like? I will continue to hold the equities I hold. I am not anywhere near 100% invested in stocks and intend to hold what I have.

What do I expect? More of the same. Volatility, more volatility, and more volatility.

If Trump is impeached! Volatility. (For fuck sake don't, please, turn this into a political thread. I don't care. See the next sentence.)
If Trump is not impeached! Volatility.

If the Dow drops to a new record low. Volatility

If the Dow hits a new high. Volatility.

What do I not recommend? Getting rich quick.
Click to expand...

^This

Jan 3rd, Apple down sitting on 140+- Angst
Today - Apple at $170+-

A few raw eggs held back, some into french toast, some scrambled, some fried, some boiled, some deviled. Spread it around and win some lose some but always win more than lose.
 
Entoptic, any chance you can keep your comments more to a few individual stocks, your reason for buying them, and your analysis of the market? It's interesting to hear how well you are doing, but it doesn't do much for the thread.
 
afm199 said:
Entoptic, any chance you can keep your comments more to a few individual stocks, your reason for buying them, and your analysis of the market? It's interesting to hear how well you are doing, but it doesn't do much for the thread.
Click to expand...

Thread was dead and I was just trying to bring it life. A good handful of members have messaged me about this stuff.

I’ll just do a weekly recap if that’s ok? My idea was to do stuff in real time so you can see my picks and my gains/losses without any edits in hopes that certain members on this forum don’t call me fake etc etc.
 
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I've always wondered if day trading by the little guy can be profitable long term. So, for me it's interesting to see these reports.
 
I find it interesting also, even though day trading on any kind of regular basis is outside of my bandwidth, I appreciate the day to day updates.
 
Entoptic said:
Should I start a new thread? Don't want to muddy the waters with day trading stuff.
Click to expand...

That would be great. If folks want a day trading thread, let's have one for day trading. Let the three old fogies have their stock thread.

Thanks!
 
rodr said:
I've always wondered if day trading by the little guy can be profitable long term. So, for me it's interesting to see these reports.
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"day trading little guy, profitable long term" as likely as little guy gambler profitable long term. The big guys feed off the naive. Day trading is like chasing the latest fad dieting, there's always someone dreaming up a supposedly newer better program.
 
Blankpage said:
"day trading little guy, profitable long term" as likely as little guy gambler profitable long term. The big guys feed off the naive. Day trading is like chasing the latest fad dieting, there's always someone dreaming up a supposedly newer better program.
Click to expand...

People do make money day trading, though usually it's not the ones who think they will.

I knew one guy who retired in his twenties doing so. He was hella smart.

Most day traders eventually run out of gambling money.

I do day trade in the sense that every now and then ( five times a year?) I see something that leads me to say; "Now is the time to buy this, or maybe sell some covered options."

My advice to day trading? Don't. Just don't.
 
afm199 said:
People do make money day trading, though usually it's not the ones who think they will.

I knew one guy who retired in his twenties doing so. He was hella smart.

Most day traders eventually run out of gambling money.

I do day trade in the sense that every now and then ( five times a year?) I see something that leads me to say; "Now is the time to buy this, or maybe sell some covered options."

My advice to day trading? Don't. Just don't.
Click to expand...

Sure anyone can make some good pics occasionally but the question was about the little guy being long term profitable with day trading. Considering that what would you expect the probability of success to the particular question that was asked.

Also easier to do when the market is going through a bubble. I worked with people back in the dotcom days who left their jobs to day trade. One of them considered himself retired. Few years later he was back to work living in a camper trailer parked at an industrial site.

I wonder how financially sound the other are now.

I'm mostly a long term holder but I have at time bought stuff for a quick trade. Wouldn't consider that to be day trading.

I met a chick a few years back who's fulltime gig was sitting in a room with a small group and trading stocks all day. They generally didn't hold stuff overnight. That's what I'd consider day trading and didn't seem she was rolling in dough.
 
Day trading is kinda easy mode when you have experience and experts trading with you.

I lose money all the time but the times I make money it’s fairly big. My losses are never more than 5% but as you can see from my previous posts my wins are much bigger.

I believe a lot of this day trader stigma comes from people that don’t do it or had a friend that did it. There are plenty of people out there that day trad without any knowledge on how it’s done.

That was me until I started educating myself.

As long as I can maintain a 2:1 profit ratio I can lose 66% of the time and still make money.
 
Blankpage said:
Sure anyone can make some good pics occasionally but the question was about the little guy being long term profitable with day trading. Considering that what would you expect the probability of success to the particular question that was asked.

Also easier to do when the market is going through a bubble. I worked with people back in the dotcom days who left their jobs to day trade. One of them considered himself retired. Few years later he was back to work living in a camper trailer parked at an industrial site.

I wonder how financially sound the other are now.

I'm mostly a long term holder but I have at time bought stuff for a quick trade. Wouldn't consider that to be day trading.

I met a chick a few years back who's fulltime gig was sitting in a room with a small group and trading stocks all day. They generally didn't hold stuff overnight. That's what I'd consider day trading and didn't seem she was rolling in dough.
Click to expand...

Yes, if you are day trading in an obvious bull market you can make lots of money until it turns around and then lose lots gambling on the turnaround.

When people are telling me how well they are doing, I usually ask them to provide a couple years of tax returns and brokerage statements, so that I can see for myself.
 
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