Fastmoneytraders.com

By: Kimberly Nix Murray

Day trading in this market. People have asked me is it worth day trading in this market when nothing is making sense and what is day trading? Day trading is when you buy and sell the same stocks in the same day capitalizing on the short-term changes in price. If you decide a stock is going to go up then you go long on it, if you think a stock is going to drop in price then you short it.

Here at ELITE TRADER, LLC, www.fastmoneytraders.com we have a proprietary scanner that we share out to all of our clients. We have a collaboration of day traders that share ideas and stock picks. We run a daily chatroom that opens up 30 minutes prior to the bell ringing. Depending on the market, we sometimes alert trades presale or after the market closes. There is a saying, “Day traders that trade together, win together.” With all of the news and research that is out there, it only makes sense that a group of day traders can fare better than a single person trying to grasp all of the material that is flooding the market.

Can you make money at day trading? Most day traders do not make money at day trading either because they are not disciplined, do not have a plan or they lack an edge. There are a lot of psychological aspects to day trading and many people do not know how to manage their money.

I cannot tell you how many people over the years who have sent me stock certificates that either they inherited or held on to and now are worthless. You need to know when to buy and when to sell stocks to make money and holding onto stocks can be a downfall. Of course, many people will argue if you had bought stocks in Apple in the 1980s when it was $22.00 a share and held on to it, of course you would have made money. Let’s say you purchased 100 shares at $22.00 a share in 1980, today you could sell your stocks for over $14,400. If you had bought a 1,000 shares of Apple stock in 1980, it would have cost you $22,000, but you could sell it and earn over a $144,000 today.

But anyone who bought shares in Siboney Corporation $SBON, a company that sold educational software and own the stocks would cost them more money to sell it than just hold on to the worthless certificate. Each share is worth less than a third of a penny today. My uncle owns 140 shares, which is worth about 40 cents today.
Which is why it makes more sense to buy and sell and not hold on to stocks that may or may not be here in the future.

Disclaimer: The information provided in this article is as a service to investors. It is neither a legal interpretation or, a statement of policy. If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law. Stop Loss orders and Stop Limit orders may not be available through all brokerage firms. Investors should contact their broker to determine which orders are available for buying and selling stocks, and their broker’s specific policies regarding these types of orders.

What is Day Trading?
by Luke | Jan 26, 2023 | Blog | 0 comments

Day trading is the practice of buying and selling financial instruments within the same trading day. This approach to trading has several advantages over longer-term investment strategies.

One of the main advantages of day trading is the ability to take advantage of short-term market fluctuations. Day traders can enter and exit trades quickly, capturing small profits that may not be available to longer-term investors. This can lead to higher returns on investment, especially in a volatile market.

Another advantage of day trading is the ability to limit risk. Day traders can use stop-loss orders to limit potential losses on a trade. Additionally, because day traders only hold positions for a short period of time, they are not exposed to the same level of risk as longer-term investors.

Day trading also allows for greater flexibility in terms of trading strategies. Day traders can use a variety of technical indicators and chart patterns to identify potential trades. Additionally, they can use leverage to increase their returns, although this also increases the risk.

Another advantage of day trading is that it can be done full-time or part-time, allowing traders to fit trading into their busy schedules. This is especially beneficial for individuals who cannot commit to longer-term investment strategies.

In summary, day trading has several advantages over longer-term investment strategies. These include the ability to take advantage of short-term market fluctuations, limit risk, greater flexibility in terms of trading strategies, and the ability to be done on a full-time or part-time basis.

However, it is important to note that day trading also has its own set of risks and it’s not suitable for everyone. Day trading requires discipline, knowledge and a lot of practice to be successful. New traders should be aware of the risks and carefully consider their own financial situation before getting involved.

Disclaimer: The information provided in this article is as a service to investors. It is neither a legal interpretation or a statement of policy. If you have questions concerning the meaning or application of a particular law or rule, please consult with an attorney who specializes in securities law. Stop Loss orders and Stop Limit orders may not be available through all brokerage firms. Investors should contact their broker to determine which orders are available for buying and selling stocks, and their broker’s specific policies regarding these types of orders.

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Want to day trade with the best? Join our chatroom at www.fastmoneytraders.com
We start each week with $50,000 and are up over 200 percent and our account balance is over $100,000.

Day traders who trade together win together. : ) Kimberly Nix Murray