sino strategic, page-12

90% of traders lose money I read with interest 90% of traders lose money.

Don't know where motorway got this from but I assume it is correct.

So how does this happen, what goes wrong.
Let me tell you what I do.

I pick a stock, don't matter which but must have a history of ups and downs.

I trade with GCN, now I make sure I have enough, that depends on how much you want to trade.

I put in a couple of buy and sell trades.

If it drops to .?? I buy, if it drops to .?? I buy more, .?? and so on.
If it rises to .?? I sell, .?? sell more and so on.

Now how do I know it is going to rise or fall, I don't really but I know it will move up and down, and if SSI rises then it will rise some time after, and likewise if SSI fall.

It is hardly rocket science, sometimes the trade can take a week, some a day.
Sometimes it goes below what you buy, I just sit tight until it turns again.

The aim is to make as many trades and end up with around the same amount of shares at the end of each month.

It don't matter which stock but if you can see a pattern then it's a start, and as I say if it follows another stock like SSI then you have a good idea.

But it is important to always have some, anyway that is my view.

And yes you don't make anything unless you sell, don't lose unless you sell, and you can't sell unless you buy first.

By the way SSI is rising so it is a fair bet GCN will at some stage rise.