So true SJ
I myself would rather do some research via TA/FA wait and if my buy zone appears i will jump in.. Illiquid/liquid if you have done your research it should not matter as long as you like the risk/reward ratio than i dont see any problem..
JSC was classic know one wanted this stock was illiqiud and boring until it was found and yes my trigger buy came in @ 1.1c classic example of research pays off.. Now look at the volume that has turned up
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AAJ perfect example should do very well for holders ...
If you are purely a pip/dt than yes you need high volume with plenty of liquidity but you rewards for the effort i find is smallish.. Each to there own tho some like pips some like bags i personally find under 25% gain a waste of time these days as the runners/multi day plays are giving this often..
If the markets go bearish i will pip trade and scalp..Atm there crazy and as a wise trader once said buy the right bait and the fish will come and every fisherman knows patience often pays off
..
I used to pip trade everyday for a decent wage......... But since i have decided to swing trade ST hold the change has been unbelievable and have had more bags than i every thought was possible just remember the rich dont become rich overnight it takes time/focus/belief...
#right horse
#right strapper
#right team
Often gives a better chance of success lol..
Know one should criticise how someone trades or what they trade. If it works for the individual and they turn a great profit from it be a small % gain or large who cares everyone is different..
TS[/QUOTE
Totally agree with you both SJ and TS. Firstly each to their own, everyone is different and like most aspects in life what works for one person will not for another. Profit is profit at the end of the day. Took some seriously hard life lessons to develop this respect for my fellow humans but glad I made it.
As a relatively new trader albeit with a solid business background that weighs my skills toward FA I kicked off several months ago, and spent most days watching movement researching etc in front of a screen from 9am to close. Made some gains and lost some but came out about even. I found it was a very inefficient way to invest time. I chased, got emotional and wanted to see a result immediately. Didnt feel comfortable holding overnight.
Fast forward a few months and I now appreciate what an embryonic trader I am and that its probably going to be a lifelong learning curve...but I am glad I have started. Even in such a short time, for me, what seems logical is that traders need to be ahead of the curve. TS alluded to the ponies. I will use surfing...Driving to a pre determined beach hoping for waves will see a lesser chance of a good surf than a assessment of the swell size and direction, tide, wind etc and then choosing the location which to go. The surf report so to speak for me is TA (honing my skills) FA, my peception of sentiment, and any other info I can find to make a call on a stock. Easier said than done. It appears expertise in a sector is a huge benifit. I am a researcher so organically pick up knowledge which will compound in time.
Moving on theres technicals i am learning in terms entry, target, exit, re entry etc.,
For me focusing all this into a result on a day seriously reduces the odds of a sizable profit and hence personally ST approach is for me. This could change with my experience but seems a logical approach ATM.
Oh also too many Bintangs is bad for concentration.
