Current Events > Im a daytrader, AMA

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21WIVES_CHILL
02/01/21 12:02:06 AM
#1:


Mainly a technical trader. It's actually a good side income job you can do for less than an hour a day before heading off to your main job. Most of the midday action is actually slow and boring with barely any volume most of the time. I hope to make as much as the average income soon, but that requires a lot of buying power and just getting in and out of positions at the right time which is very difficult. I've been in stocks where I've hit my target points with a 10c move only to see them go higher into the dollar range, but self control is very important.

Also, trading the stock market is only gambling if you're just "betting" or "hoping" it will go up. I rely on many factors for information such as level 2s, resistance and support areas, SPY and QQQ trend, etc. before actually opening the position. A gambler doesnt care about any of that stuff and only goes long because the big green overtextended candle.
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AllegraD
02/01/21 12:02:40 AM
#2:


nah

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RebelElite791
02/01/21 12:06:45 AM
#3:


[doubt]

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InhumaneRaider
02/01/21 12:08:34 AM
#4:


So day trading is basically buying at dips and selling at slight highs, and doing it over and over again?

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Kakapo
02/01/21 12:08:42 AM
#5:


Do you really have 21 wives?

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Flockaveli
02/01/21 12:09:07 AM
#6:


You shit?

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Despised
02/01/21 12:11:34 AM
#7:


Flockaveli posted...
You shit?

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1337toothbrush
02/01/21 12:20:08 AM
#8:


21WIVES_CHILL posted...
Also, trading the stock market is only gambling if you're just "betting" or "hoping" it will go up. I rely on many factors for information such as level 2s, resistance and support areas, SPY and QQQ trend, etc. before actually opening the position.
https://www.youtube.com/watch?v=B8cN586JUR8

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21WIVES_CHILL
02/01/21 12:35:27 AM
#9:


1337toothbrush posted...
https://www.youtube.com/watch?v=B8cN586JUR8

If you dont have a stop market order in place or even a target price for a limit irder, then you're gambling in the stock market.
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Bananana
02/01/21 12:36:36 AM
#10:


the stock market is gambling no matter how educated your gambles are, no less so than horse racing or betting on sports

obviously some bets are better than others, but to pretend you can be certain in your outcome is as egotistical as it is dumb

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21WIVES_CHILL
02/01/21 12:39:16 AM
#11:


Bananana posted...
the stock market is gambling no matter how educated your gambles are, no less so than horse racing or betting on sports

obviously some bets are better than others, but to pretend you can be certain in your outcome is as egotistical as it is dumb

So you agree that anyone that invests into any sort of retirement account is also gambling then.
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RebelElite791
02/01/21 1:16:18 AM
#12:


Bananana posted...
the stock market is gambling no matter how educated your gambles are, no less so than horse racing or betting on sports
This is just blatantly wrong

Bananana posted...
obviously some bets are better than others
So it's not "no less so" than your examples

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PatrickMahomes
02/01/21 1:18:32 AM
#13:


1337toothbrush posted...
https://www.youtube.com/watch?v=B8cN586JUR8
where'd you get that video of 21_wives_Chill

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SolidShadow3
02/01/21 1:18:52 AM
#14:


What price should I set for my AMC? I wanna do a limit but have no honest idea how bad it's going to spike and I wanna get my monies worth

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By Odin's beard!
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#15
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shironinja
02/01/21 1:27:10 AM
#16:


How many boats do you have.

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ShyOx
02/01/21 1:30:23 AM
#17:


Best single day take?

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theAteam
02/01/21 1:31:37 AM
#18:


Bananana posted...
the stock market is gambling no matter how educated your gambles are, no less so than horse racing or betting on sports

obviously some bets are better than others, but to pretend you can be certain in your outcome is as egotistical as it is dumb

You don't need to be certain you just need to be right more times than you're wrong. Or not even with the right risk management.


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