Any Day Traders?

OICU2

OICU2

BIT Beta Team
Jan 12, 2016
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Tell me if my logic is correct: As an example, Boeing shares (BA) were down to around $90 last week, now are hovering at $182. If I would've dumped 25k on them last week, this week I'd have almost double my money if I sold out? Is it that easy?
 
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OICU2 said:
Tell me if my logic is correct: As an example, Boeing shares (BA) were down to around $90 last week, now are hovering at $182. If I would've dumped 25k on them last week, this week I'd have almost double my money if I sold out? Is it that easy?
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yes. But more than likely if you are inexperienced, you would have purchased at 100, then chickened out at 90 and sold.
 
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I am as green as they are when it comes to finance, but I do know in a time like this, if you have money, you should be buy, buy, buying, right? I'd be looking for quick turn around, buy low, sell high, move on to the next one, rinse, repeat.
 
for long term hold investingLower fees. If you decide to play in the market set aside an amount of money you don’t need and can afford to lose.

risk leads to better returns but also to greater losses.

i tend to buy and hold. I’m not willing to put the effort in for active investing and i don’t believe i could beat the market (in this case an index fund) anyways.

a google search search will yield better answers than this forum.search : index investing, or stock diversification strategies.
 
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Never did true "day trading", however used to do 3-4 month buy/sell back in the late nineties. Some stocks seemed to have a cycle, even if the stock is going up, they seemed to go down at some point. This is usually around dividend time. Used to do that for Walmart, First Union, etc.

I jumped in before it hit bottom on established companies with dividends and added more to ones I already own. I never learn, never try catching a falling knife :)
 
OICU2 said:
Is that better for short term gains? Like buy today, sell friday or monday?
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Be very careful right now.. the market is doing some crazy reactions and there is a lot of instability and the Fed has jumped in to prop up the markets and credit.

With the risks in the market, there are many opportunities to make and lose a lot.

Now is a great time to learn... with some brokers you can do what is called "paper trading" and not risk real money.
 
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Yeah, I used to do day trading. But you better know your stuff. You can't just buy it, wait a few days and sell. You need to keep close tabs on it. I used to buy on momentary dips, like keep it 20 minutes and sell. But you darn well better be on your toes.
Don't do it, if you don't know anything about the market or the companies you plan to use.
And if you do, use only money you wouldn't care to take out in the backyard to burn.
 
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Buy when its low and sell when its high is what they say :p
 
Market Advice at its Finest Moment, ;)
I swear this just got recommended on my YouTube playlist after watching news on the Coronavirus pandemic. :(
1:35 onwards is where the advice starts :lol:
This is proof that I've been spending way too much time on YouTube during this crisis
 
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Dividend stocks are the way to go for long term. Keep buying shares with your dividend payouts. Even if the stock price doesnt increase you get dividends and if it drops you are buying more shares than before ..That's my opinion
 
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