Results 1 to 3 of 3

Thread: Day trading swing trading and passive investing

  1. #1
    Featured Member LaurenAus's Avatar
    Joined
    Sep 2011
    Posts
    1,229
    Thanks
    4,226
    Thanked 1,594 Times in 627 Posts
    My Mood
    Cool

    Default Day trading swing trading and passive investing

    I watch my coworker (we work in an unrelated field) trade options everyday and he’s already reaped five thousand dollars in one month. Day trading seems overwhelming but I heard about swing trading which seems a bit more maneagable. Has anyone done this as more of a side thing to make extra money or to supplement income? Is it maneagable for the lay person? Or is it smarter to invest everything in mutual funds etc thanks
    Quote Originally Posted by SweetJulia View Post
    everyone I've fucked who was awful in bed should be forced to have sex with each other so they can all, collectively, figure out why I never called them back.

    Quote Originally Posted by Aurora_Sunset View Post
    Nothing makes me feel like less of an adult than walking into several other people's apartments and realizing we all own the exact same lamp from K-mart.

    Quote Originally Posted by Sam38g View Post
    The fantasy sold to women through out history that a man will come along & rescue us is a lie.

  2. The Following User Says Thank You to LaurenAus For This Useful Post:


  3. #2
    God/dess KatyBoleyn's Avatar
    Joined
    Dec 2012
    Posts
    2,060
    Thanks
    673
    Thanked 6,063 Times in 1,586 Posts

    Default Re: Day trading swing trading and passive investing

    Its not easy money and options trading is especially random. One bad call and your $5000 you made today can be gone tomorrow. Hubby went through an entire rollercoaster with his small inheritance in the last 6 months trying to day-trade and swing trade, especially with options. The stress made him lose about 20 lbs I think. He started fundamental trading and only using buy-write options and the daily gains are smaller but almost always gains now. Count on losing a lot of money (think of it as "tuition") when you start. The brokerages count on the 90-90-90 rule...90% of everyone loses 90% of their starting money in the first 90 days. Some brokerages don't even really post your activity to the public exchange, they just privately take the opposite of every trade and take your money themselves. If you're a rare winner, then they just start mirroring your trades or double-hedging against you. The people that brag about their $5000 wins never tell you about their losses and the investing world is absolutely packed with fake gurus that try to predict the next big winner or use pseudoscience to predict market moves.

    The only way you're going to have real income from stocks/options is if you have a very large amount to start and take a long view investing in relatively safe investments. If you have lower amounts of income, its a good way to save for the future, but you will get very frustrated (and for sure lose) trying to make a guaranteed or steady current income. Day and swing-trading is every bit as risky as professional gambling and very time consuming.

    "Daily pay ALL the things!"
    [email protected] - Skype: BoleynModels - "If you haven't heard a rumor by 10am, start one."

  4. The Following 2 Users Say Thank You to KatyBoleyn For This Useful Post:


  5. #3
    God/dess minniesoporno's Avatar
    Joined
    Dec 2004
    Location
    Toronto
    Posts
    4,874
    Thanks
    1,040
    Thanked 4,614 Times in 1,983 Posts
    My Mood
    Cheerful
    Blog Entries
    63

    Default Re: Day trading swing trading and passive investing

    Quote Originally Posted by LaurenAus View Post
    I watch my coworker (we work in an unrelated field) trade options everyday and he’s already reaped five thousand dollars in one month. Day trading seems overwhelming but I heard about swing trading which seems a bit more maneagable. Has anyone done this as more of a side thing to make extra money or to supplement income? Is it maneagable for the lay person? Or is it smarter to invest everything in mutual funds etc thanks
    I've recently started learning about trading in foreign currency market with a company, once you know the theory and understand how the market works it makes sense to start with a low funded account. and low is really a matter of what money re you willing to start with that you won't miss if you didn't implement the right risk management and lost it. You have to see it as buying drugs or gambling. there is a reward yes but there is also for language purposes a consequence or reaction.

    foreign exchange trading appealed to me for the simple fact. I do it already on a retail level cashing my earnings from USD to CAD (Canadian dollar), for as along as I've been working online I've been paid in USD and I have to find the best rate available when my money arrives to me.

    that in itself was a roller coaster ride.

    so I figure why not learn foreign exchange and learn how to get back some of that money in the market, when reality is I am using money today to sit in my account and learn proper risk management so that new account will grow on it's own in separate way then how my primary money comes to me.

    it becomes this energy field of moving money so i can have more then what I started with.
    Skype - MinnieRileyX

    My Video Camgirl Income Journey to Financial Freedom

    [NEW BLOG] How I went from broke burnt out cam girl to … Super Affiliate GIRL BOSS

    $100,000 Webcam Goal Chart - Income Calculator


    “If you really want something, go ahead—put all your eggs in one basket. But make sure those eggs are golden.”
    “You can lose everything, but one thing you cannot afford to lose is your fearless mindset.”



  6. The Following User Says Thank You to minniesoporno For This Useful Post:


Similar Threads

  1. Tesla Motors shares surge in 1st day of trading
    By eagle2 in forum Dollar Den
    Replies: 13
    Last Post: 07-07-2010, 08:43 AM
  2. Online Trading/Investing
    By greggy in forum Dollar Den
    Replies: 3
    Last Post: 02-09-2009, 02:01 PM
  3. Trading Spouses
    By Bella21 in forum The Lounge
    Replies: 2
    Last Post: 01-28-2007, 09:31 PM
  4. Replies: 2
    Last Post: 01-21-2006, 01:11 PM
  5. Online trading
    By Farrah_Holiday in forum Dollar Den
    Replies: 4
    Last Post: 11-28-2004, 08:05 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •