Day trading

csgohan4

day trading will breed a gamblers mentality, even subconsciously you may not be aware of it and you will regret not making a previous trade and count the potential profits you 'could' have made. Or alternative, make a rash decision and your down 30-50%.

Look at the EQT share price for the last 1-3 days, it's difficult when to take your gains or losses. 

Take the pain with the gain and do your own research

Don't forget the FCA will not compensate you for bad investments

OP can you also define success for your lloyds Shares, which wouldn't have been my first or last choice to be honest.  3%? 5% gain? 10£ punt? 100£ punt?

chucknorris

BriNylon said:

I have been day trading recently as the market is so volatile.  I have been having really good success with Lloyds shares.  Does anyone on here day trade, or have recommendations for any particular shares?

Why do you believe that you can (over the long run, over many trades) overcome having to absorb the stamp duty, the spread, buying and selling fees, and still make a profit?

Old_Lifer

I have often thought of doing as   Apodemus  says  but  I have never actually done so.   Probably down to the type of person I am  I suppose.   I  have no problem taking a profit   but selling  part of a holding which I have gradually built -up over a period of perhaps a couple of years or longer , with the intention of  reinvesting in the  share shortly afterwards  would cause me angst.    If the share price fell,  I would end-up with a few more shares but if the shares rose steeply, I would end-up with fewer shares than I started with.  Sometimes the rise may be down to a known event   and to some extent  can be factored into the decision (you expect an announcement of good sales figures or signing of a deal, for instance)  but at other times the rise may be down to  a change in sentiment when more people  notice the share , the share starts to climb and a feeding frenzy sometimes starts  and the share price rises quite rapidly.  This is what has happened  with PHE in the last week or so, as more people discover the company..   If I had decided  sell part of my holding  at  3p just before the rise ,  I would  be kicking myself when the price went to 7p days later.

coyrls

dunstonh said:

 Does anyone on here day trade, or have recommendations for any particular shares?

Most amateurs doing day trading lose money.   So, the best advice is not to do it.   Most professional investors don't attempt it either.  So, what do you think makes you special that you will buck the trend?

Because all the successful day traders on this forum are going to generously reveal their secrets when asked nicely.  Easy.

coyrls

coyrls said:

dunstonh said:

 Does anyone on here day trade, or have recommendations for any particular shares?

Most amateurs doing day trading lose money.   So, the best advice is not to do it.   Most professional investors don't attempt it either.  So, what do you think makes you special that you will buck the trend?

Because all the successful day traders on this forum are going to generously reveal their secrets when asked nicely.  Easy.

Only a few problems:  Sucessful day traders, this forum, reveal secrets.

Old_Lifer

Given the word order in the second sentence of the above post,   if we translate it into German, it might make sense   but shouldn't the verb be at the end of the sentence ?