Very nice @Batmansdaughter - I couldn't agree more with the sentiment of staying away from spec. stocks and short term trading in one's early career. It took me a long time to move into the spec. area after a very long period in mid/blue chip. The temptation with the specs., and @Endless has mentioned this many times, is the initial and usually lucky big win that keeps you trying for a repeat.
An action that in a majority of cases sees the trading capital decrease over the following months. Sometimes I think about the number of posters who have disappeared from these short term trading threads and the number is very large, some I notice on individual stock threads with longer term aims, some never seen again after what seem like stellar starts. Yep, most will ignore advice like this, it's so hard to ignore that adrenaline rush of "money for no effort".
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- Day Trader’s Weekend Aftermarket Lounge 22-24 Nov 2019
Day Trader’s Weekend Aftermarket Lounge 22-24 Nov 2019, page-43
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