Australia's largest stock trading and investment forum Australia's #1 stock forum

Morning Trading August 13, page-46

First 46 Last

Share
Profile

Follow
pega

278 Posts.

4

13/08/24

10:47

Post #: 75181500
Share

Originally posted by Endless: ↑

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.

Expand

Have recently got back into trading, last traded twenty odd years ago and the ASX is like Russian roulette compared to back then .Keeps you on your toes .
4 Upvote

Reply

Top Stories

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

BUX

Buxton projects new graphite province discovery at WA Narryer play

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

There are more pages in this discussion • 77 more messages in this thread...

First 46 Last