Its not all about LTH30 Oct 2021 01:31
Reading the post's throughout the day I get a little fed up with anyone who dismisses any other trading except holding for the long term . If you decide to day trade go for it, if your going long term also go for it but don't dismiss each others option to do so.
There were at least 13 decent dips today which is a day trading dream, my day trade profits are now secured profits sitting nice and safe. Yes I need to keep my eye on the ball but it's well worth it, if I went to the Bog then I took my phone with me, so rewarding relief also led to rewarding profits at the same time!!
I hold long term if there's a steady (not slow) rise but if it's volatile (like today) I'll change tack and day trade. You can buy back in even at a higher SP and still make more profits day trading by selling the highs and buying the dips rather than sitting on a slow volatile rise like today. Stupid predictions like its "going to fly" don't help anyone.
I don't care what the SP is on Monday, normally the first 30 mins of each day enables a decision of which way to proceed. As said my profits have already been banked so the luxury of time to make a decision is always on my side,
Guys it's your choice whichever way you decide to trade but polite consideration of other investors options should come first before stupid comments are posted.
Just my thought of the day but no one should trash other investors methods of trading - Good luck to all for Monday whichever way you decide to trade - a profit is a profit!