|
|
|
|
| Author |
|
|
1.367m later
Join Date: Feb 2002
Location: small farm town Iowa..........at last
Posts: 6,357
|
Any Active Day traders??
I'd like some thoughts and opinions on day trading. Anyone here actively trading?
__________________
non velox ad propitiare, verisimile non oblivisci If it's not The Original Automotive Innovations and Restoration, then it's just hot AIR. |
||
08-23-2007, 07:56 AM
|
|
|
Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
|
I thought that means of making money died in 2001.
Did it make a resurgeance?
__________________
Some Porsches long ago...then a wankle... 5 liters of VVT fury now -Chris "There is freedom in risk, just as there is oppression in security." |
||
|
08-23-2007, 07:58 AM
|
|
|
Stressed Member
|
One of my clients was a day trader about 5 years ago. He lost about 750K and hears about it from his wife every day....
__________________
-------------------- Garth 70 911E 08 Buell XB12XT |
||
|
08-23-2007, 08:00 AM
|
|
|
Stressed Member
|
Quote:
__________________
-------------------- Garth 70 911E 08 Buell XB12XT |
||
|
08-23-2007, 08:02 AM
|
|
|
Evolved
Join Date: Jan 2007
Posts: 3,338
|
Never done it.
I'm of the old school mode; try and pick good campanies, well managed, that offer good products and invest for the long run. Worked/works for me. I am assuming day trading is going to consume a LOT of your day! Be prepared.
__________________
Don't fear the reaper. |
||
|
08-23-2007, 08:05 AM
|
|
|
Registered
Join Date: Aug 2000
Location: Palm Beach, Florida, USA
Posts: 7,713
|
Day trading. Now there's a term I haven't heard in a long time. I'd recommend against it, but if it's your mad money, you're pretty sophisticated and willing to take the time to educate yourself and work on it, why not?
I have a client who sets up mutual funds. He says there's not that much to investing that the pros do that an individual can'tdo himself. He says the difference is that trading on your own account is a full time job, so you either work your portfolio full time or you work an ordinary job to make money and put your savings in a mutual fund or index fund where someone else watches it for you as his fulltime job.
__________________
MRM 1994 Carrera |
||
|
08-23-2007, 09:08 AM
|
|
|
|
Registered
|
I'm invested long term in the market with just a few stocks. Masimo (masi), Juniper Networks (jnpr) and Disney (dis). I have been putting some money into Tesoro (tso) due to a thread started by "sammyg" which I've been doing okay with and might put some $ into Valero (vlo), another oil stock from his thread. Overall I'm up about 25%, but like i said, it's long position so it ain't over till I sell..
__________________
--------------------------------------------------------------------------- "There is nothing to be learned from the second kick of a mule" - Mark Twain |
||
|
08-23-2007, 12:09 PM
|
|
1983 Porsche 911sc Cabriolet 3.0
