Quote:
Originally Posted by Hog's Gone Fishin
I've become a big believer in mutual funds just for this reason. I've tried day trading and it's not a winning proposition. Individual stocks are just too volatile and pot luck at best. I only own two individual stocks at this time and I'm a lot happier knowing while I'm out fishing somebody else is managing my portfolio and that's how they earn their money
|
Day trading individual stocks is an amazing pain in the ass unless you have got a system to identify the exact stockings you need to trade. If you want to day trade I would suggest trading and index ETF or option or some mini-futures contracts.
The Negarian Brothers have a great premise for their system but I won’t pay for it but I know many have done similar. They have a method of identifying unusual option activity in stocks as uses that to tell them what stocks to buy or short.
The other thing about day trading is you have to have serious capital if you want to do it for a living. And if you aren’t doing it for a living then you are pretty much just gambling.