How much of your portfolio would you say you day trade vs hold long?
30% long
The rest is either cash or day/swing trading. I do a lot of weekly options.
This doesn't count my 401k, I keep all that in mutual funds and don't mess with it.
I don't have a hard rule on how I keep the money allocated. Right now I feel there are some save plays on high IV stocks. If the market changes, I don't mind pivoting to safer dividend yields instead of option premiums.
I haven’t been comfortable enough to dive into day trading but I’m considering getting into it. What percentage do you think your up since june on your day trades?
I'm did 10% last month and at 13% so far this month. I'd have to really look at it prior to that but some of those numbers are out of wack. Like I made a bunch of money buying stuff at stupid low prices Microsoft at $150, JPM at $85, KSS at $18, CDR at $0.79. Those aren't typical returns.
I wouldn't say I'm a day trader as much as a swing trader / options seller.
I don't have enough time to watch the charts throughout the day to do a lot of day trades. If I do, it is stocks that I watch an awful lot and see the patterns, then I set limit orders and trailing stops to help me. I did a trailing stop on GE today for example which locked in my profits at 10.11 price (purchased at 9.64 last week). Maybe I sold GE too early (wouldn't be the first time), but I'm banking it will go below 10 again.
If you're interested I can link some Youtube channels that I've learned a lot from. There is a lot of information out there and I'm still learning myself.
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