Quote (BlemBlem @ 29 Mar 2021 18:25)
Been getting into this lately to help average down on some longer term positions that took a hit recently...anyone here do this? I’ve had good luck recently always been a longer term guy but this seems to be working for now
I used to day trade for 3 years and overall kept breaking even or slightly red. Can be a lot of fees involved especially if you're shorting hard to borrow names so that usually put quite a dent into any profits. Now i'm mainly swing trading at the start of the year seems way less stressful, better return, hardly any fees associated. Definitely good opportunity last few weeks to scoop dips on your favorite tech/EV/growth plays.
Quote (Cambridge @ 30 Mar 2021 09:51)
I have my 401k for long holds, so anything in my personal portfolio is usually a mix of short term (like one week) or day picks. I've found that if I hold onto something for more than two weeks I usually get stuck holding it for the long haul in this market. It seems silly to me not to take a slight loss on something when I can use that buy power in two days to cover try and cover that loss, instead of holding for two months and hoping for a rebound.
I haven't been lucky enough to catch any of the 100-800% premarket movers, but so far anything I turn around quickly has been roughly 15-30%, which I'm certainly okay with. Everything left in my portfolio at the moment is too deep in the red to sell so I'm along for the ride on those. :P
Check out wash rule if you already haven't.