Day traders' after-market lounge February 18, page-121

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CariKaya

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19/02/21

01:15

Post #: 51139673
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Originally posted by moneygalore: ↑

Good job for acknowledging that DT is not for you. It is not for me either. I lost too much sleep and hours trying to catch back what I lost , took months to go back to neutral and in profit now.

I only rarely DT but if I do it’s a small parcel. 95% of day trader lose money. You saw how many lost $10k + from buying FFG and PRL at close to the high.

My advice if you do want to play with DT still is do not trust anyone here in relation to them pumping a day. Everyone who trade here has an agenda to win money at expense of someone else. If someone mentions a stock, research it , understand why it’s rising and if it is justified or if charts suggests a breakout.

Only put in what you are fully prepared to lose.

Remember people who win big are the one who MT-LT. Some people here do it as their 9-5 job and are experienced. They have massive capital and can afford it. Do not be blinded that trading will make you a millionaire.

May I suggest talking to @Veritas2000 . He may be able to assist you in your journey.

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Great post @moneygalore I am allowed to say that outside of our 'other thread' with spray cans? (U know what I mean - and never any offense intended)

Excellent advice

I started trying DT again this week, and have been failing miserably It is so much harder than investing in good quality stocks for the MT and LT... Made some nice profit this week, and it all got taken away from me today

But that said, when I get a chance, and I see a great opportunity, I will still jump into a DT and I will still keep practicing my "lack of skills" ...

But it is time-consuming, stressful, and faced paced action doesn't really suit me, although I am trying to get better...

Better sleeps and can enjoy more of the day-time by investing in quality stocks and without the constant pressure / time-consuming 8 hours a day in front of the computer ...

@nitroit : , I wrote this a few months ago (it might help) ... 35 page PDF on the best post I have read that have really helped me

advice for newbies.pdf

Enjoy
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