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Anonymous
Curious if there are any day traders out in the community?
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I swing trade but donāt hold fast to that philosophy if the fundamentals of a stock are good. For e.g if BABA dips below my stop loss threshold, Iām willing to close one eye. I practice a strict 10% profit taking and that has kept my annualised returns to 20%.
I think whatās fun with Swing trading is when your hypothesis is proven right. I donāt track technicals, but I observe market trends. I took positions in Nikola and Xpev based on the observations that Americans are EV crazy. Sadly I took profit at 10%, but now XPEV is up 150%. FML.
My other best bet was AMD. Took position at $11 when they were the underdogs based on the fact that itās unlikely Intel would have a monopoly. Glad that theory panned out.
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Yes, i will see which stock have high trading volume. i know of someone who made 330 usd from blink within 15 mins last night