Discussion No job.. Thinking of day trading stocks with the little money I have

[Jojo81]

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[Leech]

Likewise, kinda just scoping what is worthy to put my money into. Soooo much possibility on the market right now, and so many industries that might never recover.

 

[ruudd]

Hi, i have course material from: Warriortrading/Timothy sykes/ Steven dux. I don't know or u know this guys but if u check Youtube u see alot video's from them with huge profits ( they trading penny stocks ).

I can share it with u for free ( i will delete my post than soon ) because don't think its allowed to share. But i am now 5 months after it and still not profitable, not losing money also because of simulator, but if i would play with real money i think i would make some money because on the simulator i am profitable, but i am afraid i will fail and that would hurt me alot because of time i did spend in it.

But its hard to make money, its a emotion rollercoaster, because u have less money u will go take wrong decisions or lose patient and before u know it all the money is gone man. And takes alot of time to understand it all, maybe is trading Cryptocurrencys better, with less money u can make huge profits because the coins can move from 1 dollar to 20 dollar in a few days, happens alot of time with new coins here the link: https://www.coingecko.com/en/coins/recently_added Than if u click on a coin u can see the charts and u see how much it did crash or rise. That's why i am focus atm more on this.

 

[C_F]

Did the day trading with penny stocks thing for a while. Kinda exciting especially right when the market opens up as it's so volatile. I learned watching Ricky Gutierrez's videos on Youtube. Used Thinkorswim as a scanner and Robinhood for trading. Practice via paper trading first!

 

[ceelo]

good time for it, im doing well with tourism because of the corona crash

 

[icanhasnick]

Daytrading is a suckers' game. It just provides you with something that feels like activity, feels like work, feels like you're doing something. But really one generally has no idea wtf will happen day to day, or hour to hour with stocks. It's like playing it at the casino. Sure, people will come and say it's not so, because they've made this daytrading thing into their identity.

It's different if you invest in something which you deem undervalued, or if you're using stocks generally to cover for inflation, but "I'll just daytrade some stocks with whatever little money I have left" is a recipe for disaster, and you'll feel worse afterwards.

 

[Jojo81]

Daytrading is a suckers' game. It just provides you with something that feels like activity, feels like work, feels like you're doing something. But really one generally has no idea wtf will happen day to day, or hour to hour with stocks. It's like playing it at the casino. Sure, people will come and say it's not so, because they've made this daytrading thing into their identity.

It's different if you invest in something which you deem undervalued, or if you're using stocks generally to cover for inflation, but "I'll just daytrade some stocks with whatever little money I have left" is a recipe for disaster, and you'll feel worse afterwards.

Very true.. I have taken my mind off it. Thank you for your opinion