I will try to explain my method one more time to you T4P.
I did actually trade ABS and CNP while all the hype was on about them and made good money out of it too.
I banned myself from trading(punishment) for two days after for trading in shares I knew absolutely nothing about.
to do that in my mind it becomes a straight out gamble.
I only concentrate on 15 different stocks at a time,CVI is one of them. I only trade in shares between 5c and 30c. As soon as CVI went passed 29c I stopped trading, in my mind its out of control(blue sky as you call it) and I cant impact on buy or sell price. When it came back down under 29c I got interested again
Reasonabilty good knowledge is mainly sentiment,drilling, hype,announcements due etc etc, anything that would make the price move.
When I read it like that, i live on the finge of yours and others knowledge like a gutter rat
Now CVI why would I buy this week and not any other time.
I was sort of hoping that the next moment of opportunity would wait till next week, but anyhow.
The price must show some steady improvement (i never try to pick the bottom) so 95c to 10c I decided to give it a push along and bought 200,000 at 10c setting my sights on the day of 11c. I sold half last night and waited till see if you guys were going to support it at 11c(you didnt show) so I decided to dump them at 10.5c this probably triggered a fall in price today. I decided when I bought them that i didnt want to over the weekend
My profit on transaction around $1400, small pickings I know by your standard but I only set myself $5000 a week from my day trading stock.
Now its possibly set up for another round next week
Thats the crux of it, crude and simple, in my mind I trade in a small group of companies that I consider I own and can do what I want with them (virtual companies)
Hope you understand that different investors trade in different methods.
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