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Day Trading vs Swing Trading

Goray

Wadani
I'll post since there's no finance/investment section in the forum.

Sometime last year, I've tried day trading, kind of experiment to see how it goes. Ater few days of making a bit money, then I figured out how painful and risky it is to engage. First, you spend the entire day watching the stock, and won't be able to do anything else.

Second, I've seen how risky strategy it is to put your money to it, expecting you'll quickly make a buck.

Third, I've learned to never put your money into penny stocks. Since I was initially investing a little money, I've felt buying the cheaper stocks would let me own more shares in the stock. Well, there's a reason why those stocks are cheaper. In other words, you're dealing with companies whose balance sheets are not in a good shape.

After realizing those points, I came to the conclusion 5hat day trading is just the same as gambling. I've abandoned it all together.

Swing trading was my next goal. I've realized you need financing bacground in order to read the finance statements that companies issue in every quarter. But then I've learned few workarounds: Independent analyst expectations; the industry the stock is in; how the stock was performing in 3, 6, and 12 months; what type of news that surround the stock.; and overall global market trends - Trump being the worst person in 2018 and this year as he started unnecessary trade wars.

Gotta go back to work. Will continue from here.

Any stock trading guru, please add your few cents here. I'm here to learn and pick up few more tricks.
 

zuzu

#Justice4ShukriAbdi💙
Wadani
I'll post since there's no finance/investment section in the forum.

Sometime last year, I've tried day trading, kind of experiment to see how it goes. Ater few days of making a bit money, then I figured out how painful and risky it is to engage. First, you spend the entire day watching the stock, and won't be able to do anything else.

Second, I've seen how risky strategy it is to put your money to it, expecting you'll quickly make a buck.

Third, I've learned to never put your money into penny stocks. Since I was initially investing a little money, I've felt buying the cheaper stocks would let me own more shares in the stock. Well, there's a reason why those stocks are cheaper. In other words, you're dealing with companies whose balance sheets are not in a good shape.

After realizing those points, I've realized day trading is just the same as gambling. I've abandoned it then.

Swing trading was my next goal. I've realized you need financing bacground in order to read the finance statements that companies issue in every quarter. But then I've learned few workarounds in this area: Independent analyst expectations; the industry the stock is in; how the stock was performing in 3, 6, and 12 months; what type of news that surround the stock.; and overall global market trends - Trump being the worst person in 2018 and this year as well as he started unnecessary trade wars.

Gotta go back to work. Will continue from here.

Any stock trading guru, please add your few cents here. I'm here to learn and puck up few more tricks.

Im actually getting into drop shipping. Without making it complicated heres what you should know.



-You make a ebay acc
- you post items and products for 30$
-the custmer buys it
-Then you use the customers money to buy the real item in this asian website called aliexpress.com
-the item will be 20$ on the asain website
-You buy the item and ship it using the customers money and you get 10$
- Depends on the items price.
 

Goray

Wadani
Im actually getting into drop shipping. Without making it complicated heres what you should know.



-You make a ebay acc
- you post items and products for 30$
-the custmer buys it
-Then you use the customers money to buy the real item in this asian website called aliexpress.com
-the item will be 20$ on the asain website
-You buy the item and ship it using the customers money and you get 10$
- Depends on the items price.
Good for you brother. Just whatever you do, stick with it, as you'll learn the ins and outs of that field. Patience and persistence is what pays off. Most importantly, don't let anybody discourage you.
 

Incognito

☆Crown Prince of Africa☆
Wadani
Im actually getting into drop shipping. Without making it complicated heres what you should know.



-You make a ebay acc
- you post items and products for 30$
-the custmer buys it
-Then you use the customers money to buy the real item in this asian website called aliexpress.com
-the item will be 20$ on the asain website
-You buy the item and ship it using the customers money and you get 10$
- Depends on the items price.
The shipping prices on alibaba and aliexpress is too much to compete with the bigger sellers.
 

zuzu

#Justice4ShukriAbdi💙
Wadani
E commerce bizz is no joke ,I thought it was going to be easy .you have to out alot of hours into it . Me and my cousin recently got into it , much easier to sell the items physically is what I've noticed so far as the costumers dont have to wait for like 10 -14 days . Not much profit margin selling it in Ebay either .

indeed there is strategy needed and hours put into it
 

Goray

Wadani
I've been trading stocks for the last few months, few bumbs but is going alright soo far . I bought marijuana stocks , and enegous Corp watt stocks the later sounds promising as there are talks of its product beign bought by apple. I gained 13% when I first bought then went -45% within a week :wow:. I bought more when it dipped and now I'm hoping it gets to atleast 20.00$ .
Excellent thread @Goray , watching every YouTube video regarding with stocks gets boring which YouTube channels do you watch for tips ?

First, it is good that it worked for you. Initially, I was able to make a buck. But then those penny stocks that I bought tanked; I'm in a long term on those stocks, and as soon as they bounce back, I'll get out.

Brother, those youtube videos have not been very helpful to me. They're short and most of the guys have them there to get people like them. I found sites like finance.yahoo.com and seekingalpha.com providing more analysis. It is also better to read a lot about trading and investment books. Wall Street Journal and Financial Times also provide good information on stocks, but they require subscription. Stock trading companies like Charles Schwab also offer good information on how to trade and what you need to know about stocks. They won't, however, tell you which stock to pick, but the information I got from them was very helpful. Most importantly, look for how stocks are rated as well. If it is below C rating, don't bother it. I also watch when they release quarterly reports in the stock exchange. And most importantly, keep the trick of the trade in mind: Buy low, sell high.

I'll share more if I come across additional information.
 
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Goray

Wadani
@Xaji gacmo culus

I was holding onto my shares on this stock - Vanda Pharmaceuticals Inc. (VNDA) - until Monday. The higher it ever reached was $31.06 on January 22, 2019. I would've made good money had I sold my shares when it was that high. I waited and planted to sell it if it ever went up to $40. Suddenly, it started going down last week. It is currently at $20.06. I sold my shares on Monday at $25.5 USD. I couldn't find any bad news at that time but panicked when I saw how it was going down quickly. I've felt someone with an internal info may be getting out or there may be bad news that insiders are aware of it. After searching the web, I found the below info. So I was right. I'll wait for it until the legal battle between Vanda and FDA is settled.

Here's Why Vanda Pharmaceuticals Is Sinking Today (https://www.fool.com/investing/2019/02/06/heres-why-vanda-pharmaceuticals-is-sinking-today.aspx)

"
What happened
Shares of Vanda Pharmaceuticals (NASDAQ:VNDA) fell more than 19% today after the company announced it was pursuing legal action against the U.S. Food and Drug Administration. The regulator has placed a partial clinical hold on the company's drug candidate tradipitant and won't allow it to enter human clinical trials lasting longer than 12 weeks until nonrodent animal testing is performed. Toxicology data collected from a nine-month study in dogs would provide more confidence the drug candidate would avoid unnecessary risk to human patients.

Vanda Pharmaceuticals has countered that the animal testing is unnecessary and that it has already provided sufficient safety data to proceed with human clinical trials. The company is suing the FDA in hopes a court will force the regulator to lift the partial clinical hold. Mr. Market doesn't seem very enthusiastic about that course of action.

As of 11:52 a.m. EST, the stock had settled to an 18.9% loss.

So what
While the company's press release stated it was taking "a stand against unnecessary animal research" that would result in the "death of dozens of dogs," animal testing in rodents, dogs, pigs, zebrafish, and even primates is a routine part of preclinical drug development (sorry, Fido). That said, Vanda Pharmaceuticals may have a case.

The FDA has set guidelines for conducting animal testing. However, if a company provides additional information that demonstrates equivalent data to what might be gained from animal testing, then the regulator is supposed to make an assessment and describe why the data are or are not equivalent. Vanda Pharmaceuticals alleges the FDA didn't do that in this case.

Instead of reviewing numerous preclinical animal studies -- including "a three-month rat study, a six-month rat study, and a three-month dog study at doses up to 300 times the intended human equivalent dose" -- the FDA wants tradipitant to be tested in a nine-month dog study. That recommendation is nonbinding, but it's not an uncommon request. Of course, Vanda Pharmaceuticals would rather not delay the start of robust human clinical trials by nine months.

"
 
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Sagal

#Justice4ShukriAbdi👑🍒
Wadani
First, it is good that it worked for you. Initially, I was able to make a buck. But then those penny stocks that I bought tanked; I'm in a long term on those stocks, and as soon as they bounce back, I'll get out.

Brother, those youtube videos have not been very helpful to me. They're short and most of the guys have them there to get people like them. I found sites like finance.yahoo.com and seekingalpha.com providing more analysis. It is also better to read a lot about trading and investment books. Wall Street Journal and Financial Times also provide good information on stocks, but they require subscription. Stock trading companies like Charles Schwab also offer good information on how to trade and what you need to know about stocks. They won't, however, tell you which stock to pick, but the information I got from them was very helpful. Most importantly, look for how stocks are rated as well. If it is below C rating, don't bother it. I also watch when they release quarterly reports in the stock exchange. And most importantly, keep the trick of the trade in mind: Buy low, sell high.

I'll share more if I come across additional information.
You can't 100% trust the ratings. They give crap bonds triple A ratings, thats how the credit crunch happened.
 

Goray

Wadani
You can't 100% trust the ratings. They give crap bonds triple A ratings, thats how the credit crunch happened.
Sister, I don't bother bonds. I only deal with stocks. And in my limited experience in this field, the one at Charles Schwab turned out to really reflect the performance and balance sheets of the stock. Actually, they advised me to stay away from penny stocks. I didn't listen. I'm now sitting on this stocks that I've lost money on.

Sagal, are you in the finance field?
 

Sagal

#Justice4ShukriAbdi👑🍒
Wadani
Sister, I don't bother bonds. I only deal with stocks. And in my limited experience in this field, the one at Charles Schwab turned out to really reflect the performance and balance sheets of the stock. Actually, they advised me to stay away from penny stocks. I didn't listen. I'm now sitting on this stocks that I've lost money on.

Sagal, are you in the finance field?
I am intrested in a change in career into the finance sector. Right now I am in the science sector. I use software to analyse large data sets. I think with some experience I can become successful in the finance sector.
 

Goray

Wadani
@Goray what do you do? Are you in the finance sector?
I was in the IT sector but now I do project management type work. I want to start a business, and that has led me an interest into the finance field. I want to do MBA with strong emphasis on finance.
 

Sagal

#Justice4ShukriAbdi👑🍒
Wadani
I was in the IT sector but now I do project management type work. I want to start a business, and that has led me an interest into the finance field. I want to do MBA with strong emphasis on finance.
What type of business?
 

Goray

Wadani
What type of business?
Real state - buying older homes, fixing them, and putting them up for sale into the market. Currently, the economy is booming, so it is good for selling homes, but for people like me, it is too expensive to buy them now. We have a Republican in charge in this economy now, and within this year or next year a recession will hit. Foreclosures will start. That is when we buy houses in affordable rates, fix them up, wait for few years until the economy improves, and then sell them.
 

Sagal

#Justice4ShukriAbdi👑🍒
Wadani
Real state - buying older homes, fixing them, and putting them up for sale into the market. Currently, the economy is booming, so it is good for selling homes, but for people like me, it is too expensive to buy them now. We have a Republican in charge in this economy now, and within this year or next year a recession will hit. Foreclosures will start. That is when we buy houses in affordable rates, fix them up, wait for few years until the economy improves, and then sell them.
Good luck abowe.
 

Goray

Wadani
All of the markets are showing red today. Trump is the biggest goofy elected president in Murica: He started a trade war with China, the second largest economy in the world. What an idiot! The Chinese always play the long game; they keep him hopeful that he's going to achieve something when in fact they want to inflict maximum pain - of course slowly.
 

Suarez

#SaurezSeason
Wadani
Im actually getting into drop shipping. Without making it complicated heres what you should know.



-You make a ebay acc
- you post items and products for 30$
-the custmer buys it
-Then you use the customers money to buy the real item in this asian website called aliexpress.com
-the item will be 20$ on the asain website
-You buy the item and ship it using the customers money and you get 10$
- Depends on the items price.
I used to engage in that business I found out it was Haram. The prophet said "Do not sell things which you do not own". Being a cashier is something else, but drop shipping you have no inventory, like space to store your products to sell so you rely on something else like someones warehouse or an app like shopify.

You don't even own the product to begin with. Very much you say you have something which you don't and you use someones money and go to AliExpress and buy it from there and ship it.
 

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