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bolido_sentimental  1yr ago (text post)   4133 thread views

Small-Scale Question Sunday for December 25, 2022

Merry Christmas, everyone!

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Is (part-time) day trading a reasonable option if researched thoroughly enough?

People get paid full time salaries to thoroughly research a company enough to pull their fund a single digit YoY return for the investment. Most markets are efficient, so don't bother. You'd make far more money building some sort of business part time than you would trying to invest in stock. The market is in downturn anyway; you will probably lose money trying to make daily trades, unlike the last decade where you literally couldn't lose if you fed your dollars to a hampster.

Best advice I can give: find good companies and put your money in them. Small cap and micro cap are less efficient than large and medium cap, so you get lucky more often with those picks but they are also more volatile. Otherwise, try and find a market niche near you that isn't being filled and put your money towards that. Start a small business on the side and invest your money into that. You have more control over it's success than you do with a single share in COKE that you intend to sell 10 minutes later.

Worst advice I can give? Learn options trading, far more strategies for making money than simply trading straight stock. Lots of work, can be riskier, but higher rewards for your time. I don't recommend it though, it's like gambling but for the people at the blackjack table who think they can count cards.

I don't really have reading material. Find a textbook in personal finance and read it. Then read about how the Fed works and realize the cards are stacked against you, and invest with that in mind.

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