How many stocks are you upramping and down ramping as you day trade/momentum trade?
How are those iron ore, graphite, nickel, copper, oil and coal stocks you upramp going to travel as the EU falls into a deep recession in 2015?
China's GDP will fall to 7% or less, the lowest in 25 years, the US economy slows to 2.6% or less and Japan enters a severe recession? Do you understand that the commodity prices of those above have another 20-40% to fall from their current levels while Gold will rise to above $US1500/oz once Greece defaults?
The days of easy day trading are over now that US Fed has stopped its QE. BOLTA!
Cheers Nectar
IDC Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held