I’ve considered getting into daytrading many times – jumping into thet training and education aspects of it, preparing mentally for short-term trading which requires a different mindset and habits. Daytrading works differently from passive or active investing. In fact, you can argue its not even remotely related. The decisions you make associated with your buys or sells are based on different reasons. So I would argue daytrading is closer to trading commodities like oranges or forex than investing in stocks. This is the main reason I have not pursued this “job”. I just don’t want to “go back to school”
Author: moneyrancher_admin
My 3 Rules on Investing in Stocks
Never sell as a reaction to a drop If you wake up one day, and see that your stock pick has dropped, and you feel that shaky panic building up inside you while your mind screams “Cut losses now!”, then you are unfortunately too late. Of course there are always exceptions to the rule, but assuming you give in and consistently sell when things get tough, you will most definitely shrink your portfolio value over time. I would prefer to hold a stock for a long time and know I still have the same number of shares as when I
Money Moves Wednesday 4/7/21: Buy more Tesla and FAANG
Big tech stocks with good valuations and strong growing earnings are again building momentum. Tesla and more speculative tech stocks are down. All Ark funds taking a hit today as they continue to see-saw. I think we are seeing the gradual transition from the heavy rotation into value stocks (financials, industrials, cyclicals) towards reasonably valued tech names that have been moving sideways for the past few months. If you’ve been patient with names like Amazon, Facebook, Microsoft, etc., then the price movements are here. My plan is to avoid stocks that have benefited from the huge volatility caused by the