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Originally Posted by ThePornPusher
Anybody here currently doing any day trading?? I've recently been thinking about getting into it myself..I saw this though....
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Not strictly daytrayding, but swingtrading.
Basically this means that I don't necessarily close any open trades at the same day but keep the stocks/options/whatever in my account for a few days or weeks until I think it's time to sell them again. Sometimes this may be at the same day, sometime two or three weeks later.
Personally I don't touch Pennystocks or anything which isn't listed in some major index - too risky for me. Mostly blue chip companies and related options during the last months.
Turned out I seem to be pretty good at doing those things. I made 4-5 times more during the last 6 months with my portfolio than with my daytime job (which does pay quite well itself) in a whole year. Then again, it's currently a bullish market around here, so it doesn't mean that much.
