It's been a long day especially I left for home very late because I went to work pretty late. Given the time I arrived at home, I had planned not to go to the gym to work out because I also wanted to go to work early on Tuesday. However, I would go to the gym on Tuesday night for sure.
I didn't pay attention to the markets in the morning but noticed Facebook's price dropped more than 1 dollar. Hadn't I sold it decisively on Friday, I would have lost almost 150 bucks. Day trading must be decisive. In addition, it is against machines, more accurately, systems instead of humans, so traders have to be fully energized all the time.
One of my twitter's followers, I am also this person's follower as well, keeps encouraging me to continue my Presidential Campaign and believes I will win. Though I only know this person living in Portland, I mentioned this person to be my running mate. A friend of this person is a street artist who created a banner for us. No matter what, I should keep posting my Presidential Declarations.
Before sleeping, I updated the table of SeaPower Index. It dropped again but I will closely watch Costco and Alaska Air, Nordstroms seemed being recovered.
Talking about day trading, I insist it a low risk but high return business for anyone. Let's only focus on stocks' tradings by ignoring options' tradings, which are more risky: if you can make 0.5% a trade, 4 trades a day, assuming 20 trading days a month and you take a month off every year, cashing out the earnings every month for living without adding them into capital, you will make 440% a year. Is it daydreaming, definitely not. For a middle class person, it shouldn't be very difficult for you to get 50K somewhere from your financial resources as capital, then you will get 220K return a year as a full time day trader. The key is you have to be very discipline to follow strict plan and ensure not to lose in any trade. If you lose one trade, take a break for a day or two. If you follow this advice, the worst case scenario is that you will make 100K a year with 50K capital. Of course, you can short sell, so the markets will work for you almost all of the time. The real enemy is the markets completely die, which is impossible.
Now, it is actually 6:51 PM on Tuesday, I will go to the gym to workout in half an hour.
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