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squeakychain OP t1_iubju0x wrote

Reply to comment by DoomerGloomerBloomer in Love the degen stuff, but… by squeakychain

I agree, however I think that as long as you are day trading you should open and close every position before close, if willing to swing then you should decide before trading how much you are willing to lose.

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DoomerGloomerBloomer t1_iubkg7k wrote

Day trading is a meme. Literally no retail investor is a successful day trader. Just doesn't exist. Only con artists will claim otherwise and they're always selling a discord server or subscription too.

If you're "day trading" then you're going to run a negative cash flow operation before long.

Law of averages applies to capital markets and it's why "buy and hold" is also a meme: fewer trades are much more advantageous than "day trading".

This alone is probably why 99% of this sub is negative on an absolute P/L.

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