New guy here and new in the stock market. I am looking to hold on to stocks long term and do some day trading occasionally once I learn to do it correctly. That's why I'm here. To learn more about the day trading stuff to make money for long term investments. If that makes any sense. I guess thats it! I'm a beer brewer currently in Florida. Looking to learn more about trading! Thank you! Sent from my REVVLPLUS C3701A using Tapatalk
Welcome. Day trading in its strictest form (buying and selling the same securities in the same day and liquidating the entire portfolio at the end of each trading day) tends to have a very low success rate. Most things take time. Rome wasn't built in a day.
Very good point! I had read your response on another thread on what it takes to become a day trader and what you said really nailed it on the head! I guess it's okay to hold a stock not necessarily for a very long time but hold it for a week to a couple of months but also for a couple of years. I guess what I should mention is that I am starting with only $155 and I was wanting to find a way to grow that money quick but its not realistic. Thank you! Sent from my REVVLPLUS C3701A using Tapatalk
The best day traders can separate emotion from their trades and just deal on instinct/cold hard facts, never getting too attached to a share. Some of the best investors, Warren Buffett, etc have been known to hold their most profitable stocks for decades. Basically, if it aint broke dont fix it - if the company is doing well then ride any short term volatility as long as the long term targets are still achievable
