this market has basically turned into a casino. its great that we are all making money but its getting ridiculous. AMC, GME and all the other low quality companies that are being bid up. I will not hold anything over night. I bought a short etf last week and lost some money as I held over the weekend. my bad but the loss was limited but not fun.
you are looking at it as a problem. you will end up getting angry & frustrated. look at the casino and low-quality companies as an opportunity to earn tons of money. day traders simply love such a 'casino' market with ' low quality ' companies.
Fixed: "The market has turned into a casino!" Seriously, this is the time to make $ so go get it. We'll return to the boring algo market soon enough.
Today's market couldn't hold a candle to the 90's, A month ago I found prospectuses of the following two: It's kind of funny to go back and read some of the bullshit that went on during that time period.
Holding overnight is not the problem. Most people who are afraid to hold overnight don't understand the market at a high level and are usually only looking at micro / intraday time frames.
%% I have held junk[no earnings/LOL] + feathers before; but usually not on Wall Street. Actually i still like junk silver a bit/LOL. Summer may be a good time to do some inverse ETFs; not that that they earn what a long ETF does in a bull market/never have....................................................................Overnight =have to allow for gaps against, sometimes, so reasonable size applies.
If you know what you are doing and have a strategy with an edge you can make money in a casino. (Black Jack and Poker) Like a casino the stock market is not there for you to make money; it's there for the people who run the market to make money.