This month meaning the past 30 days. I have no clue what I’m doing for the most part. I’ve just been monitoring some high volume penny stocks looking for consistent high low ranges. Buying low selling high. I might get burned soon though.

This is on Robinhood.

The majority of my money goes into mutual funds which I hand over to my advisor to deal with. I’m going to talk to him again about the fees. If it’s not a performance based fee structure, I’m going to start looking at other firms. I’m not making a ton of money right now so I’m not too concerned with it. Once I graduate and have steadier income, I’ll get more serious about it. Looking to seriously get into day trading though in the future. Gonna try and read up on it over the next year.

Edit: the main reason I’m day trading penny stocks is due to the small amount of money I’m using. Once I have more cash, I’ll move to less risky stocks.

This post was edited on 10/4/18 at 2:32 pm

1 ...

Report Post

Posted by buckeye_vol

Member since Jul 2014

35252 posts

Posted on 10/4/18 at 3:13 pm to Babble

quote:
m not making a ton of money right now so I’m not too concerned with it.

But it’s easy to do now with Fidelity, Vanguard, etc., who are more likely to outperform managed funds even discounting the fees, they are moving towards towards no (even possibly negative) operating fees altogether.

I know it’s only a little bit of money, but when you’re already down 5 to 10 percent the moment you hand it over, plus any operating expenses which I suspect may be unnecessarily high anyways.

0 ...

Report Post

Money Talk - Replies to Post

Return To Board

Page 1

Return To Board