How you doing in the combines? Based upon that response, there are only two possibilities...You are failing miserably, or you are succeeding gleefully. "...a man looks at moon and says why should it be there? according to NASA and Galileo , it should be over there. this is called intelligence by mankind..." NASA and Galileo ARE man. Yer on about nothing but your own insecurity, and it is getting tiring. Does this analysis make me a genius? Nope. But it pegs you as someone who is desperate.
For me, daytrading in the purest sense of the word - anticipating daily movements in security price and then place my bets, closing every position so that I'm flat when going to bed, would be no option. It's simply too expensive and low volatility phases can wipe you out.
@padutrader, I would consider myself an investor, but if I had found a way to generate a dreamlike return of 5% or even more every month !, I'd scalp or daytrade without hesitation. 60% or more a year, who would pass on that !?
My forecast for the Nasdaq 100 / NDX index for the next 2 to 3 years (2024 - 2025) is that the superboom in US equities is over for now. I do not see a dramatic loss like between early 2000 (top) and 10/2002 (bottom) where the NDX experienced a top-bottom loss of 78%, main reason is that we now have had a perfect environment for equities with superlow interestrates and record corporate earnings. I do however believe that a correction in the ballpark of roughly 40% is to be expected and the NDX could correct to around 10,000 points. All-time high as of now (01-19-2022) is 16,742 points. Chart is commented in my native german language for german readers of this thread.
To dive deeper into what I wrote in my last post, it is highly unlikely that we'll ever see the Nasdaq 100 index below around 8,200 points again in the future, this level may be a "market bottom for decades". That's why I've updated the chart, timeframe is 2D (2 days per price) and two trendlines. The upward arrow marks june 2024. Before, buying a low cost ETF (unleveraged) would be a no brainer if the diagonal, upward drifting trendline is touched, afterwards the horizontal line would be a buying opportunity of a lifetime if touched. Both are of course valid for long term investors, timeframe should be 20 years or longer, without market timing after the purchase. Keep in mind that as in daytrading, most investors actually lose money when they try to outperform a simple "buy and hold" strategy, due to lack of talent in this area. Also, it produces additional costs in the form of commissions and the bid / ask spread, plus taxes if a capital gain would have to be realized.
He made minimum wage and then hit homerun in (swing)trading. Love this interview with Ryan Pierpoint, active management has paid off for him after some missteps in the beginning. Hope you'll enjoy it, too ->
I think that the Tesla (TSLA) hype is now over and it's now back to "all future cash flows discounted to their present value", which means the shares could fall back to 500 US$ or even below that level this year (2022). The price has now broken its longterm uptrendline that began in 2020, the shares now trade at around 802 US$. This may become a debacle for the holders of ARK investments and other funds that have heavily invested in Tesla, and whose NAV (net asset value) will fall together with Tesla's share price.
My price target for Tesla Inc. (TSLA) is 360 US$ for this year, I think the share price will, from its current level, shed another 50% or more. Current price is 782 US$.
Berkshire Hathaway has initiated a large position in the company HP Inc. (ISIN : US40434L1052), it now owns 10% of the outstanding shares. My take on this - HP Inc. has unrealized upward potential and its share price may rise to 80 US$ or even higher until 2030, which means a more than 100% profit potential within the next 8 years. Shares closed yesterday (04/08/2022) @ 38.63 US$. Source / URLs see e.g. https://www.cnbc.com/2022/04/08/ber...d-work-post-pandemic-morgan-stanley-says.html