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Forum » Do any of you losers Day trade stocks? Are you guys successful at it?
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Thread: Do any of you losers Day trade stocks? Are you guys successful at it?

post 1697034453 01-27-2024, 01:19 PM
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  1. taskmob
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Do any of you losers Day trade stocks? Are you guys successful at it?

Just seeing before I plunge myself into the world of investing. Starting off with 5k I'm about to put into the market.
Fk the Good Poster Crew (Lockdev, Pink, Kimm, Wasps, Expatriot, Mulloway, Luc1fer, Smallpeter, gwg, Super Hercules, Bonobo, maori-rap, Based Bagel, ezmac31, Goobaa, Godfrd and many more). You know who you are.
post 1697034523 01-27-2024, 01:21 PM
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  1. AlfBundy
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Day trade? Lol no, you will lose guaranteed. Day trading is probably the hardest way to make money in the world. Buying stock in a decent company and holding for a long time is really the only way a normie can come out on top

Or you can just copy the trades politicians make.
post 1697034763 01-27-2024, 01:24 PM
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Been stock picking since 2018. I have beaten the market since I started but all the gains came before 2022. Since mid-2021 I've been mostly in cash.
Originally Posted By taskmob⏩
Just seeing before I plunge myself into the world of investing. Starting off with 5k I'm about to put into the market.
Actively trading $5k is a waste of time. The best investors in the world are lucky to see 20% annual return. How much time are you going to spend to make $1000/yr?

If you have under $1M you're far better off learning a new valuable skill or taking on some overtime shifts rather than day trading.

Even after you reach the $1M mark you're far better off chasing brokerage bonuses and finding tax efficiencies rather than "day trading". It's only worth it if you genuinely enjoy it.
post 1697034983 01-27-2024, 01:28 PM
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  1. Aamon
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Originally Posted By taskmob⏩
Just seeing before I plunge myself into the world of investing. Starting off with 5k I'm about to put into the market.
Take the 5k, dump it on an established stock and forget about it.

Alternatively come back in a few weeks and tell me how fast you lost ur 5k
post 1697035033 01-27-2024, 01:29 PM
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  1. Humungus
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You physically can't daytrade under 25k so good luck OP.
post 1697035273 01-27-2024, 01:33 PM
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Originally Posted By Aamon⏩
Take the 5k, dump it on an established stock and forget about it.

Alternatively come back in a few weeks and tell me how fast you lost ur 5k
This.


Also, you end up freeing up your day and saving yourself a lot of time.


Leave the day trading to super computer algorithms - they will always find the slightest value opportunities before you can.
post 1697035333 01-27-2024, 01:34 PM
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  1. taskmob
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Originally Posted By humungus⏩
you physically can't daytrade under 25k so good luck op.
y..
Fk the Good Poster Crew (Lockdev, Pink, Kimm, Wasps, Expatriot, Mulloway, Luc1fer, Smallpeter, gwg, Super Hercules, Bonobo, maori-rap, Based Bagel, ezmac31, Goobaa, Godfrd and many more). You know who you are.
post 1697035433 01-27-2024, 01:35 PM
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Originally Posted By Humungus⏩
You physically can't daytrade under 25k so good luck OP.
You can but you fall under PDT rule and get like 3 trades a week so it's hard to grow your account at first

Good luck OP. I haven't traded but probably would if I had the capital
post 1697035473 01-27-2024, 01:37 PM
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#9
  1. Humungus
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Originally Posted By taskmob⏩
y..
Pattern day trade rule prevents it. Really need at least 30k since you may dip initially.

Something like 80% of trading accounts go busto so your odds of success are beyond low.
post 1697035493 01-27-2024, 01:37 PM
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#10
  1. taskmob
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Originally Posted By Reserrection⏩
You can but you fall under PDT rule and get like 3 trades a week so it's hard to grow your account at first

Good luck OP. I haven't traded but probably would if I had the capital
Is that bad?

Will I get banned?
Fk the Good Poster Crew (Lockdev, Pink, Kimm, Wasps, Expatriot, Mulloway, Luc1fer, Smallpeter, gwg, Super Hercules, Bonobo, maori-rap, Based Bagel, ezmac31, Goobaa, Godfrd and many more). You know who you are.
post 1697035563 01-27-2024, 01:39 PM
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#11
  1. taskmob
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Originally Posted By Humungus⏩
Pattern day trade rule prevents it. Really need at least 30k since you may dip initially.

Something like 80% of trading accounts go busto so your odds of success are beyond low.
So max trades I could do daily is 3?
Fk the Good Poster Crew (Lockdev, Pink, Kimm, Wasps, Expatriot, Mulloway, Luc1fer, Smallpeter, gwg, Super Hercules, Bonobo, maori-rap, Based Bagel, ezmac31, Goobaa, Godfrd and many more). You know who you are.
post 1697035733 01-27-2024, 01:43 PM
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#12
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Originally Posted By taskmob⏩
So max trades I could do daily is 3?
No, 3 trades over 4 days, anything more and they flag your account and you have to wait for cash to settle (two days after each trade). You basically won't be able to daytrade after that. You could be super careful and do like 2 trades a week and try to hold some overnight but building up a tiny account is difficult unless you full port something and get lucky.
post 1697036013 01-27-2024, 01:50 PM
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End well, this will not.
post 1697036543 01-27-2024, 01:59 PM
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  1. Destor
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I’ve made around half a million buying O&G stonks when the pandemic hit and then just holding them, probably have less than 30 transactions total over almost four years
post 1697036793 01-27-2024, 02:06 PM
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#15
  1. taskmob
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Originally Posted By Humungus⏩
No, 3 trades over 4 days, anything more and they flag your account and you have to wait for cash to settle (two days after each trade). You basically won't be able to daytrade after that. You could be super careful and do like 2 trades a week and try to hold some overnight but building up a tiny account is difficult unless you full port something and get lucky.
So if I have 25k in my fidelity account. I can trade how ever many times I want?
Fk the Good Poster Crew (Lockdev, Pink, Kimm, Wasps, Expatriot, Mulloway, Luc1fer, Smallpeter, gwg, Super Hercules, Bonobo, maori-rap, Based Bagel, ezmac31, Goobaa, Godfrd and many more). You know who you are.
post 1697036903 01-27-2024, 02:09 PM
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Unless your married to Nancy pelosi, forget about it

Put 99+ percent of your investment money in VTI or other equivalent

If you must, you can gamble on some single stock picks, but only for fun, and it must be a tiny tiny fraction of your overall investment. Basically, a substitute instead of betting on lottery tickets
Best lifts:
Bench press: 315x5
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post 1697037153 01-27-2024, 02:16 PM
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Originally Posted By taskmob⏩
So if I have 25k in my fidelity account. I can trade how ever many times I want?
Yes, until you have zero money left, which will take about 3 hours. 100% srs.

Here are steps you should take before day trading:

1- paper trade for 2 years before using real money. Make sure you win 90% of your trades.

2- learn how to invest by watching carefully selected about 50 videos.

3- learn how to day trade by watching another 50 or so day trading tutorials.

4- learn how to read all technical indicators. Can you tell me what Ichimoku cloud is? What time frame would you use for that? Do you know how to read the cloud properly? You need to correctly answer a couple of hundred questions like that one before even dreaming about daytrading.

5- you need to be subscribed to an expensive AI trading bot, which will do a lot of homework for you, you will then use your own analysis to agree or disagree with your bot before placing or exiting a trade.

6- stand in front of the mirror, look into your own eyes and repeat several times: 99% of daytraders as well as investors lose money, 99% of hedge fund managers and big investment banks underperform S&P 500, I am trading against the machines, I am trading against people who have been doing this professionally for several decades,

7- remember, if you are buying something, it means someone is selling something, you should ask yourself why that person is selling.

8- you need to be subscribed to a news alert bot, if some company comes out with some new cancer drug, the news bot will catch the keyword and alert you, you may have about two or three seconds to buy the stock, you will then have to sit at your computer uninterrupted, you may not take a shiet or a shower, you may need to exit the trade very very very quickly, does this sound like something you want to do? You will have to have obviously a very good Internet connection as well for this.

Investing is a skill just like playing a musical instrument or playing chess professionally against grandmaster professionals, people go to school for that for many years, when someone says they will daytrade it’s similar to saying I am going to design a spaceship to go to Mars or I’m going to play tennis against Roger Federer, what makes you think that you can do that? RobinHood and other investment platforms have done great harm to society by making investing into a game, it’s not a game, you’re going to lose real money.

PS
be very very careful listening to people in this thread, as well as watching anyone on YouTube, many times people will show you some trade which made them money, but they will not show you their losses.
post 1697037623 01-27-2024, 02:29 PM
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I have since I was a kid and have full time and for a living for the past 20 years or so. I am also a public stock consultant for various companies.

My average years I make mid to high 6 figures and sometimes low 7s. Have had a couple losing years as well.
Words to live by...."You're at the shopping mall with your girl but a hot chick walks by. Are you going to look at the hot girl? No. You use your peripheral vision."
post 1697037843 01-27-2024, 02:33 PM
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Originally Posted By kusok⏩
End well, this will not.
/thread
post 1697037953 01-27-2024, 02:36 PM
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Buy and hold solid American companies. 90% of day traders fail and you won't be an exception.
Your schtick sucks and it screams insecurity.
post 1697038013 01-27-2024, 02:37 PM
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No such thing as losses, I haven't had a single loss so far but also have only made one move in the last 2 years or so because nothing has seemed like a no-brainer
post 1697038913 01-27-2024, 02:56 PM
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The best way to make one million dollars day trading is to




Spoiler!
start with 10 million dollars





SRS. if it was that easy, everyone with a brokerage account would be doing it....
"Boss not feel good please use sick day" - low IQ tranny.

"Send him to Phaggy_Cholo"
post 1697038943 01-27-2024, 02:56 PM
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You will have way better odds of place bets at the horse track.

Pick the horses that are about 13-1 or so to show. that means they come in 1st, 2nd or 3rd you will get paid about 4-1 odds.

Some races only have like 6 horses in them so those will give you the simplest returns.
"To be a warrior is not a simple matter of wishing to be one. It is rather an endless struggle that will go on to the very last moment of our lives. Nobody is born a warrior, in exactly the same way that nobody is born an average man. We make ourselves into one or the other."-- Carlos Castaneda
post 1697038953 01-27-2024, 02:56 PM
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Originally Posted By Destor⏩
No such thing as losses, I haven't had a single loss so far but also have only made one move in the last 2 years or so because nothing has seemed like a no-brainer
This thread is about day trading doe.


Very different than making trades in the stock market in general.

I honestly just do S&P ETF and small plays on Artificial Intelligence ETFs, then let it sit.
post 1697039273 01-27-2024, 03:00 PM
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lol at day trading, youre competing against computers who have first dibs on the trades, meaning theirs processes faster than yours.

you think the elites are going to let the plebs beat them at this? the game is rigged, literally. your trades are processed after theirs.
post 1697039283 01-27-2024, 03:01 PM
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Day trading is for pussies. You should use a leveraged forex account instead.
post 1697039563 01-27-2024, 03:05 PM
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i did it post covid...when stocks started to rocket and you couldn't pick a loser...fuk that now though.
post 1697040233 01-27-2024, 03:15 PM
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  1. taskmob
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Damn so it sounds like I should just put money in some reliable stocks and maybe get lucky and put some in stocks that have potential to moon

Or maybe I should just trade chitcoins
Fk the Good Poster Crew (Lockdev, Pink, Kimm, Wasps, Expatriot, Mulloway, Luc1fer, Smallpeter, gwg, Super Hercules, Bonobo, maori-rap, Based Bagel, ezmac31, Goobaa, Godfrd and many more). You know who you are.
post 1697040563 01-27-2024, 03:19 PM
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#29
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Originally Posted By elterrible987⏩
lol at day trading, youre competing against computers who have first dibs on the trades, meaning theirs processes faster than yours.

you think the elites are going to let the plebs beat them at this? the game is rigged, literally. your trades are processed after theirs.
This.

Its already been dominated. Like some people build their servers 90 feet closer to the market datacenter, because that means the data transfer time is 0.00000069 picoseconds faster than their competitor HFTs are.


BRB like trying to win a drag race against a f1 car by calling your grandma, asking her to come to the racetrack, and then have her walk down the 1/4 mile... She says "hello sonny" by the time the F1 car passes the finish line... Thats how ****ing slow you are against the pros...
"Boss not feel good please use sick day" - low IQ tranny.

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post 1697040813 01-27-2024, 03:23 PM
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Originally Posted By Onlinedatingcel⏩
Day trading is for pussies. You should use a leveraged forex account instead.
If you're in the US, futures will deplete your account much quicker than forex
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