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Excellent point about avoiding getting mired down in a...

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verce

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19/04/24

09:21

Post #: 73419452
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Originally posted by Guaranteed Profits ↑

Just depends what there is to trade. Some days can make a grand or more and some days just hundreds and some days nothing and can lose. Try to at least make something though. Some of the better ones are when you buy and hold them for short or longer term especially if you have enough invested and they eventually go up. I think you can make more out of ones like that instead of just day trades. Saying that some people probably make thousands a day consistently. Who knows? Main thing is try and keep your account going up and protect capital so that it can keep going up and don’t get stuck in too many $hit ones. Sometimes it’s better to take the lose and move on and use your money on the next good one than leaving it sitting in a bad one hoping it will go back up and you’re stuck in it for ages. Sorry long answer to your question. I’ll shut up now

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Excellent point about avoiding getting mired down in a particular stock in the doldrums.

The opportunity cost of an investment should not be disregarded. It is not worth hanging around for a rebound of 30%, when you could invest in a new opportunity that goes up 150%, for example.
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