Also make sure to sell it at the highest point. If you sell after that the price will go down and you won't make as much money.
Also make sure to sell it at the highest point. If you sell after that the price will go down and you won't make as much money.Sure! Just know ahead of time which stocks are going to rise rapidly, at what time in the day they are going to do that, and just buy them at the lowest point that day!
Haven't tried any limit orders yet so it's about time I study it. Just doing market orders so far while watching the screen constantly. JP Morgan is my broker with Chase bank and the orders are done very quickly in seconds. Not the minutes it can take just to get a confirmation with Wells Fargo Advisors brokerage which I stopped using last year.Which broker are you using? Sounds like an execution problem. Also sounds like potentially you're using market orders when you probably want to use a limit order.
Exactly, I look to see if the stock has gone up and down at least once when I day trade. And if it goes back up and down a second or third time then I buy at the down because it will probably go back up before the end of the day. Because of the pattern, you can't miss. edit - And if the company makes stuff and sells some stuff then it's even more of a sure thing. Works wonderfully, don't know why I posted about doubting myself.Also make sure to sell it at the highest point. If you sell after that the price will go down and you won't make as much money.
Ah ok. A limit order will allow you to specify a max price you're willing to pay, whereas a market order will grab whatever price is available.Haven't tried any limit orders yet so it's about time I study it. Just doing market orders so far while watching the screen constantly. JP Morgan is my broker with Chase bank and the orders are done very quickly in seconds. Not the minutes it can take just to get a confirmation with Wells Fargo Advisors brokerage which I stopped using last year.
Exactly, I look to see if the stock has gone up and down at least once when I day trade. And if it goes back up and down a second or third time then I buy at the down because it will probably go back up before the end of the day. Because of the pattern, you can't miss. edit - And if the company makes stuff and sells some stuff then it's even more of a sure thing. Works wonderfully, don't know why I posted about doubting myself.
Right, and my day trading buys are a small part of what I own. And you knew I was being sarcastic with my pattern buying post right? Was just a joke and it rarely ever happens that way of course.This is a case study in why index funds work better for most people.
"Excessive and rampant"? Is it above 2% yet? Isn't that the target?
This has been discussed several times in this thread. New cars, used cars, rent cars, guns, ammunition, 4k televisions, brand new homes (if you can find an affordable one on average income), wood, nails, labor, glue, paint, gasoline, food, etc., etc., have all gone up well more than "2%". Have you checked prices in a while?
Lumber up 400% in one year -
Lumber Prices Break New Records, Adding Heat to Home Prices
Home buyers and renters are bearing the brunt of rising wood costs, while sawmills are poised for another quarter of big profits.www.wsj.com
2% inflation is a myth when you have the Fed holding at ZERO percent, $8 TRILLION DOLLARS of borrowed money disbursed into the economy for "stimulus" and proposed infrastructure going back to 2020.
The sad thing is that by the end of the day Yellen was forced by (what was likely) pressure from people who are invested in the 2% myth like the Fed itself, call option holders, etc to walk back her comments.
Several companies have recently announced inflation is spiraling and will need to increases prices to keep up with supply costs, including Warren Buffet himself!
So who are you going to believe? The clowns at the Fed who are pretending to "see no inflation, hear no inflation" or Warren Buffet, Proctor and Gamble, Kimberly Clark, General Mills, Hormel, Lennox International, etc., who are all raises prices due to inflation?
You realize that the prices of those things you mention are a specific aberration that don't reflect the economy as a whole (so, real inflation), but a pandemic-related temporary adjustment because the long-stable supply for those was crushed by a relatively brief switch in general human behavior. These aren't permanent, inflation-related prices.
What happens when, like toilet paper and other supply-adjusted items affected by the same event and later re-adjusted to their actual price, return to normal? Do you change your position or move the goalposts to some other nonsense argument about why "Inflation bad! The billionaires told me so!"
Might not be temporary. I've definitely noticed food price increases... oil is above 65 now and most people haven't even gone back to the office yet.
The Fed obviously can't raise rates so I don't know what they will do if things start to really get out of control.
ehhh, he didn't exactly give a short list of niche things.You realize that the prices of those things you mention are a specific aberration that don't reflect the economy as a whole (so, real inflation)
Oil is also roughly half the price of what it was in recent years when we had huge supply shortages, but I guess people have really short memories.
ehhh, he didn't exactly give a short list of niche things.
Can you give a list of things that haven't increased more than 2% ? I honestly have a hard time, nothing I buy has gotten cheaper or stayed the same.
ehhh, he didn't exactly give a short list of niche things.
Can you give a list of things that haven't increased more than 2% ? I honestly have a hard time, nothing I buy has gotten cheaper or stayed the same.
i dont know how you can deny inflation at this point, even the fed is giving in and saying its happening. not a bad thing though. a bit of inflation is good.
The only thing that hasnt increased more than 2% is Fed's interest in admitting they are wrong in continuing emergency monetary policy of zero rates and buying $120 billion per month in bonds to suppress interest rates.
We are no longer in an emergency. It is time to normalize. Unfortunately the Fed as long abandoned its role of doing whatever is necessary to maintain naturally working markets.
A have mentioned this a bazillion times in these market threads year after year -
Not that long ago, even as recently as the early 2000s, the Fed would raise rates on a whim and do it swiftly with little warning. They would jack up rates .75 to over 1% in a day and send the stock market into freefall for a few days. It kept markets healthy and excessive speculation / bubbles in the stocks, real estate, etc in check. They even helped to curb growth in government spending because rate increases would cause the US Treasury to have to pay 10s of billions more in interest, setting off alarm bells in government!
Of course back then a 30 year mortgage was 7-10%. Now we are such pussies and crybabies we can no longer handle a REAL FEDERAL RESERVE. Back in the early 1980s, the Fed jacked up rates to nearly 20% to help tame inflation. You will likely never see that again.
It gives the Fed cover for continuing to hand out free money to billionaires.lol someone tell me how in the FUCK the stock market is up - on a fucking JOBS REPORT that everyone was expecting to be almost 1M new jobs... and it was ~266k?