Money Business Talk

Business and Entrepreneurship => Stock Trading => Topic started by: isnardo_z on July 26, 2011, 10:50:25 AM



Title: If you buy and sell in the stock market do you have to work every weekday?
Post by: isnardo_z on July 26, 2011, 10:50:25 AM
I was just wondering because I am thinking about doing some day trading but my current job could get in my way. OK so how much time do I have to spend a day to see some profit?


Title: Re: If you buy and sell in the stock market do you have to work every weekday?
Post by: Bill_Brasky on July 26, 2011, 10:46:53 PM
Depends on how good you are. If you going to be a day trader then you are responsible for your own butt. Its been a while for me but I believe with the trading programs out there, you can set them to sell at a certain loss level. If I were you I would buy/sell penny stocks to learn and minimize loss. All serious investing should be done through an agency and broker professional who can set up and help monitor your portfolio while achieving financial goals.


Title: Re: If you buy and sell in the stock market do you have to work every weekday?
Post by: polaroi on July 26, 2011, 11:22:53 PM
just watch the news or read the paper see whats going on..like say you have tomato stock and Florida gets a bad frost(most ppl grow them there) your stock goes down..recent study's say that tomatoes help you live better,stock goes up....only requires a little bit of work to buy and sell but you haft to pay attention there is no room for slaking off.


Title: Re: If you buy and sell in the stock market do you have to work every weekday?
Post by: Auntie_Mame on July 26, 2011, 11:25:15 PM
It is more than a full time job to be a day trader. You need to keep aware of everything going on in the world. I often had 3 to 5 TVs  tuned in to various news and business  programs from 6am to midnight. You'll need a fast Internet connection with automated broker than can make trades in less than a second and provides streaming real time quotes of all trades going on. At the end of the day (or if you want to take a meal outside the office), convert everything to cash. You can easily loose a year's profit in an hour if something happens and you are not there to react.


Title: Re: If you buy and sell in the stock market do you have to work every weekday?
Post by: Raysor on July 26, 2011, 11:30:09 PM
If you are day trading you probably need to stare at the screen all day! Unless you got a better method.


Title: Re: If you buy and sell in the stock market do you have to work every weekday?
Post by: drmark27 on July 26, 2011, 11:34:48 PM
Day trading is a job in and of itself.  People think they can just "trade here and there" with a full-time job in the forefront.  They soon learn the trading becomes lost money just like any other hobby (but unlike other hobbies, it's not enjoyable because you're losing that money!).


Title: Re: If you buy and sell in the stock market do you have to work every weekday?
Post by: John_W on July 26, 2011, 11:40:18 PM
In a joint interview of Bill Gates and Warren Buffet, Bill Gates said that he takes two weeks every year to read about 250 position papers, Buffet replied that he does the same except that it's 50 weeks a year.   If it's investing that you're talking about then it's a life long pursuit but not necessarily a time critical pursuit in that you shouldn't have to watch the market second by second.   Now day trading is very much a different beast as you're trying to open and close positions in very short time frames.   Essentially with day trading, you're trying to identify arbitrage opportunities and are often chasing opportunities with very small advantages which makes money management aka risk management critical to success.   For most people, day trading is something that simply is beyond their skill and talents but not beyond their ego so eventually they will over bet and in gambling and investment terms, suffer a blowout.   Now you may believe that you're up to it, but chances are you're not and unless you take that to heart, you'll be setting yourself up for a lot of grief.


Title: Re: If you buy and sell in the stock market do you have to work every weekday?
Post by: Josh_S on July 26, 2011, 11:45:00 PM
Depends on the type of stocks that you are buying. Higher dollar stocks that you buy are going to pay less unless you are using alot of money. Penny Stocks and Nickel Stocks are the type of stocks that you are either going to watch very closely or set a Sell Limit on these so you dont lose to much money.