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Originally Posted by juan valdez
apparently stocks were a bargain in 2017. this is some sort of melt up to start the year. amazing stuff
Kind of like tech stocks were a bargain in late 1999.
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Originally Posted by rafiki
Gonna try day trading pot stocks for the first time over several weeks. Went 3/3 today and I find the red days are probably the easiest. The idea that I could make $750-$1000 in 90 mins is sort of the lifestyle I could use this year.
This is usually how the end begins. Shorter time frames greatly increase fees relative to potential maximum edge. Risk whipsawing if you're not pretty bright and calm. Etc.
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Just gotta figure out the best way to sell. You guys day trading sell with stop limits, stop markets, or something else? I had a stop limit get jumped right over today, just curious what may be the easier play in highly liquid stuff. Always find my day trading exits clumsy. Never tried trailing stops tbh. Not used to timelines this short on trades.
If you don't have an edge on selling it doesn't matter when you sell except for managing risk of ruin, and I assume you're not betting anywhere near your whole stack.
So where is your edge on selling? Expound it. What fundamentals? What technicals? What observations? What market conditions? If you don't have one then there's no point even thinking about it provided RoR is zero. That will seem very unorthodox to the anxiety-disorder trade management nannies, but it's a fact if you think about it.