Page 1
Page 1
Started By
Message

Day trading the same ticker

Posted on 2/15/24 at 1:38 pm
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 2/15/24 at 1:38 pm
Any day traders that only trade a specific stock other than scanning multiple stocks daily? I'm seriously considering trading just SPY. I would like to hear from those who may do this.
This post was edited on 2/15/24 at 1:39 pm
Posted by SM1010
Member since Oct 2020
756 posts
Posted on 2/15/24 at 4:45 pm to
Yes I do this. But I'm probably not considered a "real" day trader cause if my trade goes south I just hold until it recovers since it's the s&p. Was stuck for a few months last year but gotten like 15 to 20 day trades in already this year.

I roll with SPLG since I only play with a small amount of capital and I can maximize it better since it's way cheaper than SPY.

I just do it for fun cause I like trading.
This post was edited on 2/15/24 at 4:47 pm
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 2/15/24 at 5:28 pm to
So you're trading stocks strictly and not options?
Posted by SM1010
Member since Oct 2020
756 posts
Posted on 2/15/24 at 5:34 pm to
Correct, I just trade shares. Dabbled with options for a bit but too volatile for me.
Posted by CHGAR
Haile, LA
Member since Aug 2022
563 posts
Posted on 2/15/24 at 7:44 pm to
I have my thinkorswim set to show 3 or 5 bars per 6.5 hour trading day so I may or may not hold overnight. My two symbols over 90% of the time are TQQQ and SQQQ. Sporadically trade individual tickers to see if I still know how.
Posted by sjmabry
Texas
Member since Aug 2013
18495 posts
Posted on 2/15/24 at 10:27 pm to
SPY
Posted by BourbonDad
Somewhere on the vol surface
Member since Sep 2016
192 posts
Posted on 2/15/24 at 10:47 pm to
I trade ES and NQ everyday using SPX options data.
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 2/15/24 at 11:21 pm to
I fooled around with some of this over the years. Buying and selling rather than buy and hold. During Covid the market was so funky it was hard not to buy and sell in the same day. In 2020 I was buying Draftkings, Penn, and Zoom calls and selling them multiple times in the same day. Got called out a few times on some platforms for riding.
Sometimes you gotta sell some stuff and take a profit and look to get back in or spread money around IMO.
These big swings recently have been tough. Meaning I sold MSFT, paired down AAPL, don’t know what to do with NVDA.
I probably bought and sold Some stocks 100 times in one year, but for the most part that isn’t my thing.
Posted by bass
Member since Oct 2016
3844 posts
Posted on 2/15/24 at 11:42 pm to
What I do technically isn’t considered day trading since I get into options positions about 30 minutes before market close and out 30 minutes when the market opens the following day but it’s as close as it gets I guess. I typically will get into a reverse iron condor about $20 to $40 outside the money on highly volatile stocks such as lrcx and will usually hit a 12% profit pretty quickly.
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 2/16/24 at 3:20 am to
quote:

What I do technically isn’t considered day trading since I get into options positions about 30 minutes before market close and out 30 minutes when the market opens the following day but it’s as close as it gets I guess. I typically will get into a reverse iron condor about $20 to $40 outside the money on highly volatile stocks such as lrcx and will usually hit a 12% profit pretty quickly.


There is certainly opportunities during those times and I did a bit of it as well over the years. I found that if money wasn’t made quick it was best to get out. I may have lost out on some upside money, but holding calls never went well if they didn’t go north right away.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram