- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
How many of you guys/gals day trade and have made it your career?
Posted on 1/30/24 at 2:23 pm
Posted on 1/30/24 at 2:23 pm
Just wondering how many here have found success in it.
Not suggesting that it’s the right fit for everyone obviously, just curious for those who have found some ways in doing so.
Not suggesting that it’s the right fit for everyone obviously, just curious for those who have found some ways in doing so.
Posted on 1/30/24 at 2:38 pm to Morpheus
The easiest way to make one million with day trading...
Start with 2 million
Start with 2 million
Posted on 1/30/24 at 2:41 pm to Morpheus
I had a buddy get burned out in his lucrative med device sales job and decided to try day trading. About 2 months into it he had his resume updated
Posted on 1/30/24 at 2:47 pm to Morpheus
The average investor doesn’t have the resources nor technology to be a good day trader.
With that said, every once a while you can spot anomalies and capitalize on them.
With that said, every once a while you can spot anomalies and capitalize on them.
Posted on 1/30/24 at 4:17 pm to Morpheus
I do some daytrading but just for fun. I just trade reversals on s&p ETFs (shares) so it's nothing crazy.
I dabbled in options daytrading for a bit but it's way too volatile for me.
I dabbled in options daytrading for a bit but it's way too volatile for me.
Posted on 1/30/24 at 9:49 pm to Morpheus
I had a coworker that spent a few years “perfecting” his strategies. He spent somewhere in the range of 80-100k in total part in building out a trading system that automated trading based on parameters he would set. He spent the rest renting data monthly so his trades could execute faster and store more data. It was the most data I’ve ever seen an individual trader use. He stopped day trading almost two years ago learning the hard way.
Posted on 1/31/24 at 7:57 am to Morpheus
quote:If I ever win one of the really big Power Ball jackpots I'm going to day trade stocks until the money runs out...
How many of you guys/gals day trade and have made it your career?
Posted on 1/31/24 at 9:12 am to Morpheus
The only truly successful traders I know who do it as a job only trade a hand full of times per year.
Posted on 1/31/24 at 9:51 am to Morpheus
quote:
How many of you guys/gals day trade and have made it your career?
Apart from investing, I’ve run the gamut with various types of trading over the years. With swing trading equities about 20 years ago, I found moderate success (while still working). And although I didn’t have to monitor every up or down tick throughout the trading day, I found it to be very capital intensive and the probability of profit just wasn’t there for me to continue doing any sort of equity trading. So now I just invest in equities and equity based products. As far as active, near daily trading, I moved to the options market after that. I’m primarily a premium seller and have no real interest in speculating with long calls or puts (although there are multi-leg debit strategies that provide relatively high probability of profit). Over the past 4-5 years, I’ve built this methodology into a business and that’s what I now do full time. I (early) retired last year and now trade index options exclusively… mostly 0-1DTE SPX contracts, but also standard 45+/-DTE contracts.
It can be stressful at times, but also very lucrative (if treated as a true business, and not just a dabble) and the trader has the ability and desire to manage risk and follow a tested rules based trading system, it’s a pretty good gig. But like any business, apart from the trading side, you also must have sufficient capital (especially when you’re just getting started), realistic expectations and a solid business plan WELL before you try to go full time.
Posted on 1/31/24 at 11:38 am to Morpheus
I've often thought about starting an online coin flip betting site
Posted on 1/31/24 at 12:00 pm to Morpheus
Ancient Tiger is the GOAT day trader!!!
Posted on 2/1/24 at 7:25 am to Morpheus
Sort of tangentially related to day trading- but does anyone have any experience, or any knowledge to share re selling covered call options ? My understanding is that it’s safer than day trading, and safer even than selling puts.. Im not at all looking to “get rich quick”, my goal is to eventually supplement my income with an additional $1500-$1800 per month, so the equivalent of only $18k-$20k per year.. my main objectives would be safety and consistency, as opposed to large profits .. Thoughts ?
Posted on 2/1/24 at 9:18 am to Morpheus
I remember it being a lot more common in the tech boom of the late 90s. I knew several people who quit their jobs to day trade.
And then lost it all of course.
And then lost it all of course.
Popular
Back to top
Follow TigerDroppings for LSU Football News