Hi everyone,
I’m fairly new to investing and today I decided to try day trading for the very first time. Safe to say, it will also be my last.
I picked a highly volatile stock (guess which one haha), and even though I only put in a small amount of money, I ended up glued to my screen the entire day. I got out at breakeven after 6 hours in the market and having seen +20% and -20% returns. Honestly I was just happy it was over.
Before this I had done a couple of trades around two weeks long and those turned out pretty well. But day trading is definitely not for me. I’ve realized I much prefer holding for a few months and long-term investing.
So here I am. How much time do you usually spend researching a company before you decide to buy their shares? What does your DD process look like?
Would love to hear your thoughts and routines.