Dont post on here too much, read a good bit though.
Most of the stuff I read on here is all about long term, holding stocks for years, investing in Roth IRA's etc.
Do any of yall do any "day trading" or short term trading.
ETA: forgot about the earnings report part. Typically you'll know where someones earnings are going to be relative to where they are expected to be. I have heard of people playing these, just buying the stock for that day and selling it the next, any experience?
What got me thinking was looking at a day like today, where we are more than likely going to see some decent gains, buying a stock thats low, it may go up 10% by Friday, and selling it on Friday and taking your money back out.
I think one of the main deterrents for this are the fees involved, but if you are paying $7 a trade, if you make $100 you are still coming out with $86. Also, I guess its pretty risky.
So does anyone here do some short term trading and have any advice for someone interested?
This post was edited on 6/25 at 8:31 am