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Day Trading

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Posts: 4

mikey22222

Covers Rehab

Joined: Jan, 2008

Posts: 535

Posted: Jul. 20, 2008 - 9:02 PM ET #1

Day trading means that you don't what is going to happen. It is not wise to invest if you don't know what is going to happen

Gunners

Veteran

Joined: Feb, 2006

Posts: 3392

Posted: Jul. 21, 2008 - 8:29 AM ET #2

MMACapper

Captain

Joined: Nov, 2003

Posts: 5683

Posted: Jul. 21, 2008 - 2:29 PM ET #3

claycourtlesson

All-Star

Joined: Jan, 2006

Posts: 14917

Posted: Jul. 22, 2008 - 2:45 AM ET #4

Agreed.

You either "trade" or "invest." One of the horrible things that happens is when "a trade" becomes "an investment." Why does this happen? 95% of the time is because "the trade" starts losing money, and the position is held in hopes that it will turn to black-----and it usually gets redder and redder.

Got to have sell discipline when trading, otherwise you will get crushed and crushed and crushed and crushed.

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