That sounds like the way a person would trade if they had no idea about price action and are afraid of losses...like 99% of retail traders lol. Wouldn't you rather just place the trade and binge watch netflix the rest of the week? A downward trend reversal with a 1% pullback??? lol have fun sending the brokers kids to college with all the fees you are paying after getting stopped out.
On the flip side,you are down over 100 percent in SAVA after your double down... sold 2 dollar puts on a 20 dollar stock.. Now you get to watch NFLX because you cant take a loss and find find a better trade than dead money??? What fees are you talking about??
Good Morning deaddog, What do you mean by Long term investments? Are you referring to swing trading or retirement accounts? Thank you
I'd be very happy with 1% a day, and would live very comfortably with 1% a week. 2024 saw similar return beating a SPY buy and hold by a couple %. I can live with that.
That's the question I asked, how long is long term? As to the type of trading, what I do to get rich quickly is buy stocks that are going up and hold them until they stop going up. None of this sitting in front of a screen clicking a mouse for hours on end. Works for me.
Hello deaddog, Are you talking about swing trading, holding winners? If so, swing trading is the most dumbest style trade in the history of trading. I do not trade this way, it is stupid to me. I am clicking allllll day long buddy. I want the money.
You may be right, dunno. So far this year I'm up 11.07% on 3 trades. Did I just beat the S&P for the year and should I stop while I'm ahead?