facebookDoes anyone have a favourite stock right now they are swing or day trading and why? I've been jumping in and out of Tesla myself. Wondering if anyone else on Seedly is doing anything similar? - Seedly

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Anonymous

24 Nov 2020

āˆ™

Stocks

Does anyone have a favourite stock right now they are swing or day trading and why? I've been jumping in and out of Tesla myself. Wondering if anyone else on Seedly is doing anything similar?

Curious if there are any day traders out in the community?

Discussion (4)

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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

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I swing trade but donā€™t hold fast to that philosophy if the fundamentals of a stock are good. For e.g if BABA dips below my stop loss threshold, Iā€™m willing to close one eye. I practice a strict 10% profit taking and that has kept my annualised returns to 20%.

I think whatā€™s fun with Swing trading is when your hypothesis is proven right. I donā€™t 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 itā€™s unlikely Intel would have a monopoly. Glad that theory panned out.

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