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re: How many of you guys/gals day trade and have made it your career?
Posted on 2/1/24 at 3:41 pm to BourbonDad
Posted on 2/1/24 at 3:41 pm to BourbonDad
I have not lost a trade since 2022.
But I only daytrade s&p 500 ETFs. And if they're losers I just turn them into swing trades. It's the s&p, it will recover eventually. If I get stuck not a huge deal (a solid chunk got stuck for 4 months last year).
This has been my solution to dealing with emotions. I couldn't deal with the whole stop loss part of trading.
I realize this may not be considered "real daytrading", but it works for me. It allows me to enjoy trading without my emotions destroying trades.
I'm a big s&p 500 index guy for retirement funds so being stuck in an s&p fund doesn't bother me at all.
p.s. I only trade with fun/leisure money left over after I max out retirement vehicles.
But I only daytrade s&p 500 ETFs. And if they're losers I just turn them into swing trades. It's the s&p, it will recover eventually. If I get stuck not a huge deal (a solid chunk got stuck for 4 months last year).
This has been my solution to dealing with emotions. I couldn't deal with the whole stop loss part of trading.
I realize this may not be considered "real daytrading", but it works for me. It allows me to enjoy trading without my emotions destroying trades.
I'm a big s&p 500 index guy for retirement funds so being stuck in an s&p fund doesn't bother me at all.
p.s. I only trade with fun/leisure money left over after I max out retirement vehicles.
This post was edited on 2/1/24 at 3:44 pm
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