Is Anyone A Daytrader?

[LiquidSound]

Stocks or Options. Is this your job, or just supplemental income?

[thehaens@cox.net]

I used to in the late 90's when I was working nights, but that all fell out of favor during the Tech Crash. Now just keep a running portfolio of 5 individual stocks (about 10% of our portfolio) and the rest in mutual funds. So far my solid perfoming individual stocks have been MTSC, WFR, and RAVN. All of which are up 103%, 66% and 12% respectively since I bought them in Dec. of 03' These are the only three that I hold on to. I am about to drop CSC and JDSU if they don't start moving.
scott

[jdhdiggs]

Nope, not since I graduated. Did the math and figured out that the amount I gained (in returns) was less than just picking some good stocks and not messing with it and using my time elsewhere ie:work

[thehaens@cox.net]

Nope, not since I graduated. Did the math and figured out that the amount I gained (in returns) was less than just picking some good stocks and not messing with it and using my time elsewhere ie:work

Good points, as well, I was getting smoked on the capital gains tax at the end of the year.

[jdhdiggs]

Most day traderes forget about capital gains, commisions, and that for every skyrocket, there are about 10 that don't move and another 5 or 6 that go the wrong way.

If you can't do it full-time, you shouldn't do it at all

That, and the current market ticks me off. Reminds me of '99. Everyone pooring into stocks with little book value with negative earnigs and making the thing skyrocket artificially. Can't wait for this "Bubble" to pop.

[LiquidSound]

I only trade options. Stocks are too expensive.
After losing a substantial amount in google, I needed a different approach. Now I only trade the QQQQ's. It's an index of the Nasdaq 100, and the options are very price friendly. The strikes are in 1 dollar incriments, so the bid and ask is only a nickel apart. It's pretty sweet, you can get a delta of .70 or higher on an option that's only like $1.30. 100 contracts will run you about 13,000 bucks. Let it move a dime, that's a thousand bucks. Get in, get out, walk away. 2 dimes and that's 2 grand. Do that daily and it adds up.

[LiquidSound]

Bubbles, shmubbles..I don't care which way it goes, as long as it goes. I make money in both directions.

[AsSiMiLaTeD]

I'm a Daywalker...

[Polkersince85]

Get a textbook printed in the 60's that teach how to watch the fundamentals and conservative investment. A PE of 8-12 was considered risky back then. You really have to be careful nowdays. Today's Tip ( buy low & sell high)

[PolkThug]

Now that I'm an insider I can't trade unless I fill out triplicate forms, get permission, blah blah blah. :-(

But I used to cherry pick. I'd stay up late and wait for some company news then put an order in, then sell at lunch.

[disneyjoe7]

I'm a Daydreamer ;)