I don't know whatever losses I took on BITO I'm probably already recovering just from the dividends from the stocks I moved into. Worst case scenario it's a superficial loss. Best case scenario I get to write it off.
i'm not saying you didn't make out alright. It look to me like you broke even or took a small capital loss on the trade and made about 6 bucks a share in dividends. Thats about 33% return in 8 months. Congratulations. If I remember correctly you made the trade hoping for a drop in bitcoin so you could load up at the bottom. Change of plan and now you are chasing yield. Hope that works out for you. Maybe get a newer lambo.
Loading up at bottom...maybe more in a few months...chasing yield and capital gains....3 prong attack! Why are aventadors so expensive still??? Maybe a Hurican.
I completely relate to your experience. I tried swing trading for a while, and the constant worry about overnight moves drained me mentally. Like you, I found myself checking charts late at night and losing sleep over positions I couldn’t control until morning. Switching back to day trading has been such a relief. Closing all positions by the end of the day gives me peace of mind and lets me fully relax after market hours. It feels great not stressing about overnight risks anymore — definitely the right move for me.
What a bunch of p*****s lol. wtf is wrong with you guys? Day trading is fundamentally the dumbest way to trade! Aside from the flawed logic to closing position based on time instead of price, you are also paying more tax because 100% of your gains are going to be subject to tax. Good luck out trading that deficit. Final Comparison: Buy & Hold Day Trader (to match) Gross Gain for buy and hold is $10,000 and net is $7750 after tax. A day trader must gross $14,090.91 to net $7750 after tax. Extra Return Needed by daytrader +40.9% What about owning a home? The housing market goes through dips and rips all the time...are you going to call your realtor everyday to sell it to avoid "overnight risks"? lol.
i like you but you are so wrong about day trading and taxes and housing and well just everything. this is a typical example of (i hate it cause i can't do it) jealousy.
That was straight from chat gpt Ftr, I just bought 100 MSTU calls @ 1.25 and sold @ 2.70 4 days later...not a day trade, however, had I followed a day traders logic I would have closed the position for a 5k loss. Sounds like I struck a nerve with you...I hate it because its stupid lol. As I have said, show me any successful day trade and I will show you a poorly executed swing trade. Also, I'd like to see a report on how much a day trader saves on average by avoiding dips by closing before market close versus how much is left on the table. Let' see what chatgpt comes up with.... Rough Statistical Estimate Effect Gain / Loss Per Year (252 trading days) Avoiding major gap-downs Avoids ~2%–5% drawdown annually Missing overnight gains Forfeits ~8%–12% of total return ✅ Conclusion (Statistically) Day trading avoids risk, but on average leaves more upside on the table You may save ~2–5% in losses, but miss ~8–12% in gains The edge shifts slightly toward swing or overnight holds — if you can stomach the volatility
Never tried it, but chat gpt has helped me troubleshoot all kinds of things. It also doubles as a DM/GM better than any human. So there you have it, chat gpt agrees that day traders are p******s lol.