Anyone in here successfully day trade full time? Just got done with my first full year day trading and I’m in the negative. Hopefully 2021 will be a better year.
Anyone in here successfully day trade full time? Just got done with my first full year day trading and I’m in the negative. Hopefully 2021 will be a better year.
I daytrade part time. Full time just doesn't do it for me. Too much pressure to succeed and drawdowns turn into trying to make it back trades. I treat it as a hobby almost, less pressure and now I'm more successful at it. I trade much smaller so drawdowns are less painful and I can sit on them longer to let the trades work out.
I do it as a hobby. The hardest thing for me is to stick to your plan and not be greedy. When you hit your target, sell
Advice above is spot on from both posters. Set a plan and execute. Period. You go for broke you will end up broke. Ask me how I know lol. Small gains daily add up. 500 a week is a nice bonus check yearly. Set small goals. Don’t try to get rich on one play. I day trade/swing trade. Learned some tough lessons and made some money too.
If I would have taken all the money that I lost day trading early on, about 5 to 10 years ago, and instead put that into TSLA........Makes me sick just to think about it
Bro I’m telling ya
Not trying to be snarky here, but if you lost money in 2020, you should fire yourself and hire a CFP.
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Anderson Services LLC
" Those who beat their swords into plowshares will plow for those who don't"
Bring Back Gluten!!!
Day trading is A LOT like bass fishing. You spend a lot of money and efforts and in the end not too many are successful. However, it is fun and addicting
Most day traders lose all their money. Very difficult and if you follow GameStop, the market is heavily manipulated.
I have followed internet pumpers and lost. You have to do your own research and buy the big ones on crashes. Hard to do as everyone is in on it now.
i like and follow stock moe on YouTube.