Hey Krano. I did notice you getting onto the popular stock bandwagon and getting a bit carried away with the 'potential' of various hot stocks. That method (stock picking) doesn't work in the long run unless you have a lot of luck and then stop trading.
To win at trading you have to ruthlessly stick to the plan and just make incremental gains.
If you do have a really big win you have probably done something wrong. lol
Old jungle saying: The psychology of trading is written in the chart.
Btw. Like a few others I'm also looking for a different approach. It's not like the good old days.
My suspicion is that many new traders turned up when on-line trading began and they have slowly lost their capital. Combined with new computer trading and brokers joining in, the margins have been killed.
There's still $$$s to be made but discipline is more important than ever.
Good luck out there team.
PS: For whoever asked yesterday. You can easily see if bots are trading by the size of the trades.
$1.45 worth of buys is a sure sign. But a stream of hundred dollar size trades is a giveaway.
- Forums
- ASX - Day Trading
- Morning Trading August 13
Morning Trading August 13, page-33
-
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity