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Originally Posted by Inspired
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Originally Posted by CheeseJaguar
This thread is really interesting, I've always wondered about day trading and some of the analyses you guys do are a lot more technical than I expected.
I'm a buy and hold sort of person, $5,500 on red (VSTMX), January 2nd for me.
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Wait you are down $5500?
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Originally Posted by Hisam135i
sadly use to be much more active, hopefully ill be more active again posting in here. Problem is I can predict short term for quick trades and people are generally more interested in long term predictions (which are nearly always wrong). Technical indicators are fantastic for short term and thats about it in my opinion, hard enough to predict 10-15 mins out let alone 1 year out  |
I think its easier to predict to short a stock vs long on a day trade. But if you swing trader often it is easy to follow the trend to short or long a stock IMO.
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Originally Posted by Hisam135i
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Cool, I'll check it out. You only trade with $2k? I don't do options but I'm guessing options has a hell lot more leverage than trading stocks. |
With this account (only 18) yup I started it at 2300 now up 2.13% to 2350 after one trade. I also trade on my fathers account which is much much more. Sign up for the forum! Lol I want to see how big I can get this site before my school starts back up, there is a forum section on there if you took a look at it.
I primarily use options just for leverage, so my strategy really works on any scale just depends on how much money you want to make. Also depends on the risk. There great for making quick trades, I usually try to only make 5 cents off each trade (which is quite a large profit depending on how much you're leveraged). I chose 5 cents as my exit point because it usually is the best selling point for my trades, which are primarily based on stochastic.
For sure, options are the most efficient way to make gains in a short amount of time (day trading) from my experience.