Tuesday, March 21, 2023 9:47:50 AM
...and it can be the easiest place to make money if you don't hang out too long, I can't believe peeps wait on stocks for months on end, I can't wait to sell from the moment I first buy....my favorite trade lasted 4 minutes and i banked 24%.....even if you bank 1% each trading day on a quick in-and-out trade....yes just 1% !!! Compounded over a year's worth of trading days you just earned......
1% return each day means that for every 1 unit you have, you have 1.01 after a day's trading. Do that 252 times and for every 1 unit you start the year with, you'll have 1.01^252, or 12.274. If you start with $100,000, you'd finish with $1,227,400.
or $1,000 turns into $12,274
or $10,000 turns into $122,740
take profits! Refuse to lose a set amount! I get out before going red 10%...i hate losing the 10 but i still have 90% to throw at something else. Unless Nvidia ...LOL.....I wouldn't leave my money in any market....this playground is great if you know how to get on the swing and get off quickly. Time you spend holding a stock is a function of your risk/reward, the less time you hold the less risk there is, but of course most peeps as you point out want to get on the PPS elevator in the lobby and ride it to the roof, I prefer to jump in on the way up, getting on at maybe the 10th floor and just riding a few floors up, sure i have left and will leave money on the table, but green is green. Also keep a sell order all made out and ready to go, I was up double on a $20K investment and watched it plunge to a 50% haircut before I could get a sell order ready....literally maybe 60 seconds.
glta
beware of the pump it will leave you in the dump
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