i'm going to be patient with this. been too impatient with other plays that i thought biz was still doing well but share price failed to go up. (NET has doubled since i sold, now VACQ/RKLB is up 90%.)
What goes up, must come down...lol. Volatility was insane on this one. I was up +27% on it, and my stop/loss stopped me out at +17%. Were you in on it?
Well I'm solidly one of those guys/people that turned to daytrading during COVID and am likely to stay this way. Historically pre early 2020 i only traded long-term via fundamentals and basically did +/- what the market did. Beginning with the pandemic, i started trying lots of stuff. Options, scalps, small caps, large caps, some shorting... Ultimately I decided to stick with long only small caps. I can do the others, but am just trying to master one thing at a time. 2020 was more or less break-even for me as i learned technically trading. 2021 so far is solid if not "day trader AMAZING". My day trading account is up 86% ytd... which compared to how I'd normally do is amazing, but (1) that account is still only like 20% of my full account and (2) apparently in day trading you should be amazing and making 50% a day lol I'm at my peak of knowledge and capabilities right now from where i started 18 months ago. Took the summer slow on purpose, then started juicing things up last 4 weeks. I still work a full time job, which makes it a little tough, and plan to continue to do that for the foreseeable future... i need to make like $10k on average per day before i would do this full time... which seems like a lot, but (a) you never know when you might have a big mistake, (b) taxes, (c) no benefits with this job... i am simultaneously far away from that, and not that far away (into solid 4 figure days already). Just a couple tweaks and I could be there... BUT i've found that since daytrading is 90% psychological, its not a race... everytime i try to kill it, it kills me. I focus on just trading smart, with a system as much as I can, and will slowly scale up in size and get better about taking the meat of the move. I traded ATER, BBIG and EEIQ well this week. Trading is fun, and I think technical trading should be taught to high schoolers way more. I plan to teach my kids this at high school age and if they can pick it up, fund them and let them go. I have definitely found that the young-in's that have less of a concept of a "job" and start with a small amount have much higher risk tolerance and if they "get it", then can do very well very fast. As a middle age adult that has busted his ass for his capital, generally more used to 10% a year than 10% a month (or day lol), I generally have low risk tolerance. I'd be more than happy for my kids to pick this up as their full time job and only have to focus on college for the social element and as a backup.
End of year rally to the moon Also don’t forget when Rivian IPO Short it until face is blue It’s doomed
March-today I have seen a lot of new retail getting their clocks cleaned after getting used to the most ridiculous bull market of all time.
Yeah, I was only trading actively to take advantage of the few-times-in-a-lifetime-super-bull-market. And I launched off on huge Covid-bottom buys. Took a hit in March like everyone else but riding my way right back up. 3x over the market index the past year in the gambling account. IRA soaking up MSFT gains. Coinbase account flying. My index tracking 401k losing the matchup this year. Even my vehicles are have gained more value than my 401k this year, lulz. But no, I still don't think I know what I'm doing lulz.
how do you guys feel about this supposed market crash looming ? lots of parallels to the 2008 crash right now.
amidst this post-Labor Day stock market malaise / doldrum, nothing exciting, MSFT has announced a dividend hike and a $60B stock buyback, bouncing off the recent lower trading channel, heading towards the upper channel, > 310 don't fight the trend, keep on riding this bullish trend sold an Oct 305/295 bullish PUT spread
