It's been very entertaining to watch these wild movements in a few stocks over the past few weeks. It's been spooking hedge funds and investors to exit short positions in a hurry, fearing that they will be on the wrong end of a move higher. Anyone in on the action and buying a new 2022 4Runner as a result?

As a disclosure, I don't own any individual stocks of any companies but I am invested heavily in precious metals. Been interesting to see the larger investment firms close out their short positions on silver in a hurry and drive the price up.

💎🙌💎🙌

interesting. I was curious what made silver move so quickly, because I know the reddit hivemind adamantly denies moving off of gme to silver, even though major news networks were saying otherwise

One could day trade 4Runners and make a pretty penny


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Silver usually goes up a higher percent than Gold. I own more Silver than Gold right now. (I did close my brokerage account to buy my first house, in my second now, paid cash).
________________2007 SE V6 Titanium

Day trading is a short way to lose your money. Investing is a much more dependable approach to increase your deposit

A savvy investor once told me... "Money is like soap, the more you handle it, the faster it goes away"

successful day trading is rare. there are professional money managers that have significant capital and information resources backing them to try and make profits off of short term capital markets volatility. Stocks tend to be quick to reflect new information. think about it, the average investor is competing against professional money managers and high frequency trading algorithms when placing an order for a buy or sell. to think that you have an information asymmetry here to make money consistently is a dream

a few good bets here and there sure, that's possible. but consistently making good money (after transaction costs and taxes) is very unlikely. buy and hold for the average investor is far superior

I know this because I am one of those 'professionals' - it's my job. I have access to real time data feeds globally and instantaneous market news and live asset class pricing around the world. most low cost / free sources for retail investors are delayed 15 minutes. by the time you see price movements I can literally be in and out of a position. this software costs thousands of $ a month, far more than a 'retail day trader' would be able to afford and still make a profit

If this was only the 2007's. We could all make $$.

My nephew bought a 1968 Janis Joplin concert poster at a garage sale for $20 a few months back. It's going up on Sotheby's this fall starting at $8,000. He does this kind of stuff all the time. Low risk and high yield, which is the opposite of day trading.

I was able to get day trading out of my system after the dotcom bubble and have been mostly broad based index funds ever since. They have done quite well with minimal stress and effort.

That's great... but where does he park the profits while he is onto the next garage sale opportunity?

Putting the money to work, while you work (and sleep), is really the key to success.

That said, I rather go hunt for gems like your nephew than try and day trade the market. More fun, less stress, and probably a greater chance of success.

I was day trading crypto earlier this year. you can make some good money but damn is it time consuming and stressful.

Joining a strong trend move is the most straightforward and most popular trading strategy. But since no trend on the chart is visible as a straight line, correctly timing an entry can be challenging. There will always be pullbacks and periods of consolidation. Fortunately, they tend to form predictable continuation patterns, yet they often offer attractive entry opportunities. Triangles, flags, pennants, and rectangles are the most important of these chart patterns, and they are ubiquitous in both upward and downward trends.Swing Trading Strategies For Profit | Tim Thomas rarely, if ever, look like perfect geometric shapes, but to the experienced eye, they can nevertheless provide excellent evidence

Totally. I was day trading cryptos on leverage from time to time from 2012 to 2017. It was wild but having to stay awake all night waiting for the Chinese markets to open was not conducive to a productive life. That's how I bought my 4Runner.