Could I ask for some of you guys with great experience to share your own tips and thoughts on your trading methods. Nobody knows who we are, so what do we have to lose?
I have been reading Slobheads .......mmmm.......... Confessions of a Day Trader. Now this guy has a lot of coin to invest, he is buying lots of blue chip stocks, unimaginable amounts of money invested!
I actually have not had a chance to calculate how much he invested, but it was a Lorra Money. Very scary to me.
So after risking these huge amounts of money, he ended the week with a gross profit of $1695.00. I cannot understand this?
For me and please remember that I am a very inexperienced trader. I have figured a few things out, I may be wrong, so pleeeese correct me. I am not proud and am very willing to learn.
If I buy 100000 shares for say 3c, every pip increase is $100. It matters not if the share is 1c or 8c.
Then you move up the scale to say 14c. Buy 100000 shares, every cent increase will reap $1000.00!
Of course the reverse happens if they drop uuuurghhh.
My poor head is working overtime and is exhausted. I cannot even begin to think about people buying 1M shares.
So I would love to learn from the learned. It surely cannot be this simple can it?
