Risk-loving day traders are stepping back from the market’s frothiest corners — bets that soared through the summer on little more than momentum and hype https://t.co/qfIwjJYdVh ...

Market Trends - Swing trading is now central to the market, not just a strategy [1] - Day trading has largely shifted towards swing trades [1] Investment Opportunities - Space, robotics, quantum computing, and AI chip stocks are part of a new industrial revolution [1] Yahoo Finance Resources - Yahoo Finance offers free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, and advanced tools [1]

Futures Trading - Day trading in futures is a style where positions are opened and closed within the same day [1] - Day traders avoid overnight exposure to mitigate risks from news or volatility [1]

General Opinion - The opinion suggests that day trading is inappropriate for members of Congress [1]

Core Insights - The article discusses the best stocks for day trading, emphasizing the importance of making disciplined trading decisions over merely chasing profits [1][3][7] Day Trading Overview - Day trading focuses on capturing quick price movements within short time frames, often involving multiple trades in a single session [3][4] - The strategy is highly reliant on short-term market fluctuations, which can lead to significant gains but also carries a higher risk of losses [3][4] Market Conditions - Current market conditions are described as volatile, with overpriced stocks rising and strong earnings sometimes leading to negative reactions [5][6] - Differing market perspectives and frequent data releases create opportunities for skilled day traders [6][7] Methodology for Stock Selection - The selection of the best stocks for day trading involved screening U.S.-listed companies with a beta greater than 2.0 and an average daily trading volume exceeding 2 million shares [9] - Stocks were further filtered for consistent volatility, defined as an average daily trading range exceeding 5%, and ranked based on hedge fund holdings [9][10] Stock Highlights - **Aurora Innovation Inc. (NASDAQ:AUR)**: - Beta of 2.5, average daily volume of 22.3 million, and a daily volatility of 5.2% [11] - Positioned for growth in autonomous trucking with significant partnerships and a strong cash position of $1.3 billion [13][15] - **Bloom Energy Corp. (NYSE:BE)**: - Beta of 3.4, average daily trading range of approximately 7%, and a remarkable 450% increase over the past year [17] - Strong fundamentals supported by clean energy growth, with analysts raising price targets following positive performance indicators [18][20]

Trading Performance - The trader initially aimed for a daily profit goal of $4 thousand [1] - The trader experienced both winning and losing trades, including taking a full loss on one trade [1][2] - Despite a 16% win rate and five losses, the trader ended up over $1 thousand [3] Risk Management - The trader actively managed risk by reducing it to zero or break even on certain trades [1][2] - The trader took breaks to reset after experiencing losses [2] Trading Strategy - The trader entered both long and short positions in crypto [1][2] - The trader aimed to capitalize on price movements and breakouts [1][2]

Honestly, the past three months have been some of the best day trading I've had. Like the first two days of of this month, I did 17,000 in profit. And then last month, I traded maybe a week and did 23,000.We're really crushing it right now. I just increased my risk as well. So excited. ...

Investment Philosophy - Understanding investment concepts, even without becoming a day trader, enhances life skills and investment decisions [1] - Viewing life through the lens of trading can improve overall life quality [2] - Applying trading principles, like those in "Trading in the Zone," benefits life even without chart analysis [2] Risk and Reward - Early conviction, based on understanding, leads to rewards due to asymmetry in risk [3] - Successful investing requires understanding opportunities before they become obvious [3] Personal Development - Life is viewed as an investment of effort, energy, and time [1]

I've been day trading for over eight years. If I had to start from scratch to get to where I am now as fast as possible, here's exactly what I would do. Firstly, I would avoid the mistake of trying to put money into an account and play around.You're just going to burn and piss money away doing that. First thing that you should be doing is building capital by getting a freaking job, Loki, while you're learning trading in the background. Okay, this is difficult.You have to make sacrifices to get here. Okay, s ...

Trading Strategy & Analysis - The trader utilizes a combination of trend following, momentum trading, and reversal strategies, identifying trends, weakness, and breakouts [5][6] - Elliott Wave theory is employed on Bitcoin charts to analyze market movements, identifying five-wave patterns and ABC corrections [7] - Fair Value Gaps (FVG) are used as indicators for potential reversals, targeting the midpoint of these gaps [6] Risk Management - The trader emphasizes risk management by setting stop losses and adjusting them as the trade progresses, often moving to break even to secure profits [14][16] - Risk is actively reduced during trades to protect against potential losses, especially in volatile market conditions [24][33] - The trader aims for specific risk-reward ratios, such as 1 to 10, by strategically placing stop losses and targeting potential price movements [13] Trading Results & Performance - The trader documents a live trading session, showcasing real-time profits and losses, with a focus on transparency [1] - The trading day resulted in a total profit of $7,800 across multiple trades, demonstrating a successful trading session [51][61] - The trader discusses individual trade outcomes, including profitable trades, break-even trades, and missed opportunities, providing insights into the realities of day trading [55][57][61] Market Commentary & Outlook - Bitcoin's potential bearish momentum is discussed, with a possible move down to $114 being considered [17] - The trader identifies key resistance and support levels on Bitcoin and Solana charts, using these levels to inform trading decisions [8][9] - The trader acknowledges the unusual price action on Sundays, describing it as "wacky" and highlighting the challenges of trading in such conditions [3][46]