timeframes never something addressed on here to work out your timeframes and whether you fall into the 10% of investors who make money or the 90% who lose money over time
i traded short term for years until i realised what it cost me in terms of lost opportunities
i then ran a long term account and a short term trading account now it is just the long term. easier safer and more profitable
before i get howled down this has been my main theme in posting during entire run of spx from 1050 up to now i feel a bit like a nag and i will stop it and take a break especially while spx makes up its mind as to next step i agree daytrading is the way to go just here
pros and cons daytrading - you will be doing it all your life to stay ahead
longer term do the sums
I used to invest large amounts in each short term trade to make a decent return for that week
trading the asx when it was $30. trade for a few pips and out do the same now at $60. costs twice as much. get stopped out sub $60 if you trade with stops. it is a lot of pips to then make up and you have missed out on doubling your money
compare rms at 3.9c dyl at 10c boe at 3.9c all have run and run all posted on at the time i used to battle the sharks on rms from 3.9c to 5c and back again. until i decided i actually appreciated their interest in it. it showed there was something going on there. i just bought my wad of it and sat back and let them play games
buy 100000 rms at 3.9c and stop worrying about the pips as it doubled to 8c cost of $3900 now at $2 $3900 is now a 50 bagger now $195000 and i expect about to rerate again
imagine doing it with a decent investment instead of $3900
all from trend change post GST
cmm from 10c nst from 66c gor was 9c hch 4c and so many others
once they become midcaps then easier to measure each move need to stay active. i posted on adt from sub $1 to over $4 and then the game changer for me was the loss of some of its land. now sub $3 again. no surprise the ones who dont make it? ivr still at 4c. even if you buy it at 7c and paid $7000 you are down $3000. just wait for next piece of news and sell the darned thing
the problem with following the macros is when they turn down you sell out and never rebuy always looking for the next big thing for a few pips
i post for the mum and dads who need to see a way to make some decent capital over time with low risk even if you pick the best 5 midcaps or better yet the bluecaps and follow them and them alone it is a good way to double your money over time. 7 years is the statistical average jbh at $36. posted on it ad nauseum
sto sub $3 even ozl at $5 sfr from sub $6 pru from 20c i still hold the sto pru and sfr shares if they retrace for awhile? every decent move up follows a decent hammer and they each move to a large extent according to their internals. pru was not ready at 20c and was the last of my goldies to run back then but because i held it well it is now one of my best on this run as its internals fix up
i actually enjoy the short term posts there is a lot of truth in what is said. a pump before the dump. yes a million times yes i see it over and over a dump before the run. again yes
this week is day trading week with some volume coming in on the hammers alk ran wednesday afternoon before news out thursday morning. the hammer down before the news and now the insiders are sitting on it from 38c i actually bought some then as a short term trade hch similar red yesterday
am i excited yes. am i going to return to day trading? maybe for fun and a little while just here
great if you can do it. babs streisand is rumoured to enjoy the thrill of daytrading and it is a thrill
just be aware of your limitations and what suits you is the lesson and what you might miss out on
work out what works for you and follow it happily and safely
i find i am reluctant to put decent money into daytrades so why do it? the successes like buffett know the value of safe trades over time
there are a few fund trading experts who call the trades for the myriad of fund managers out there that is why i expect volume came into cmm on 20.6.24, evn 21.6.24, nst 21.6.24 pru 21.6.24 and others try daytrading on paper perhaps but dont lose sight of the big picture
there was one lady i knew who trusted a lot of money with her then partner who trusted an expert on shares to trade long and short. they made a lot in a short time despite my advice to her just to trade the long trades sure enough you can guess the outcome once the market pumps and dumps began. what i call churn. anyway that is it for me for a long long time enjoy the volatility
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