OT - Even since brokers changed their trading conditions to T+1 instead of T+2, runners have got less and less. It seems as soon as a stock runs, you can almost bet on it having a retrace the next day. It has become harder to trade. I remember the days where you were able to get into a stock and get out,and the next person would still be able to make money if they got in after you had exited. Now it seems that you have to hustle your way in and pray you get out with a profit.
Take these examples:
1. SKY - High of 36.5 closes 22 in one day
2. MX1 - High of 27, now sub 20
3. AQX - high of 6.3, closes 5.4, and now 3.6 all within 2 sessions
Trading used to be clockwork, 2 days of running, slight pullback day 3, then 2 more days of running again, slight pullback. We all made good money. I miss those days
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- Afternoon trading Feb 13
Afternoon trading Feb 13, page-248
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