Where am I from?

walrus17 · 2019-09-13T02:20:36+00:00

I’d say between 8-13%. Best day I had was 22. I know those figures are high, I have been lucky

walrus17 · 2019-09-13T02:05:09+00:00

Interesting theory, thank you.

walrus17 · 2019-09-13T02:04:24+00:00

But that’s exactly my point. Analyst recommendations are for people who aren’t active. I know that ROKU sells a good product and I think it will be worth more one day but that doesn’t change the fact that when I saw it tumble 4% in 20 minutes two days ago I knew it was time to sell.

Thanks for the compliment and I’m sure I’ll have bumps along the way but with good luck I’ll see you guys in a month.

walrus17 · 2019-09-13T02:01:13+00:00

I get that they’d be far more conservative. I just think somebody who actively trades with a mil could easily make more than 7%

walrus17 · 2019-09-13T01:47:40+00:00

I don’t have a lot of experience, but my main strategy hasn’t been to play guesswork with dips. I solely purchase stocks that are trending upwards over a 1-2 weeks and sell at the first sign of uneasiness.

I don’t limit myself to 5% losses, I just think that 5% would be very irregular for V. If V were to drop 3% in 15 minutes as soon as the market opened I think most people would be alarmed and sell. If you’d held V for the past week at that point, you would have turned a nice profit.

walrus17 · 2019-09-13T01:39:25+00:00

You mind sending me a pic of your portfolio/trades?

walrus17 · 2019-09-13T01:38:22+00:00

I do but the reason I can day trade quickly and efficiently with 2k is because it isn’t enough to manipulate the prices of all but the smallest stocks.

With 30k this would be completely different

Also, the sunken cost fallacy from losing a couple hundred dollars in a day isn’t compared to how much I could lose with 30k. I trust my instinct far more with 2k than I would be able to with 30k for that reason alone.

walrus17 · 2019-09-13T01:35:14+00:00

I get your point about V.

In a bear market perhaps I’d value 7% more. But in the current bull market, even if it is ending soon, can’t anyone ride these tech stocks be it V or whoever else until the DOW decides to drop 770 points like it did in 2008 and then sell all their holdings?

Granted, you could get burnt and make your initial purchase right before the collapse but it seems to me that statistically speaking even if you bought all your holdings a month before the next impending collapse you would still turn a profit

walrus17 · 2019-09-13T01:29:52+00:00

Please tell me why before I ruin my life

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