/biz/ - Business & Finance

>try to do day trading for months based on purely technicals and risk/reward
>work really hard, staring at the screen for hours, making and losing fractions of a percent over and over, some days are good some days i get rekt by crabbing

>now i just DCA into support levels on dips of good stocks i like, or gamble some money i don't mind losing on penny stocks like OPTI
>already up a fuckload
>literally just check it once or twice a day and waited, that's it. buy the rumor sell the news on penny shits.

this is so much better holy fucking shit. even though im down on AMD right now i don't even care, i've got all the time in the world to wait, hell if it went down to 88 i'd buy more. meanwhile i've been holding OPTI for a month and am already up 200%, and held GME for a couple of months at $10 and sold at $20 (hoping for that to drop so i can buy back in before it moons again, but i made 100% i can't complain really). literally just bought in early and waited, knowing the DD beforehand and applying my risk appropriately.

day trading is a fucking meme. buy and hold is the way, i don't care if you play penny shits or mega caps. only go long, never short, and just fucking wait, that's it. it's so simple.