Thanks for the reply. My point was mainly based on day traders. Are those people still making money out of that, when they buy in the morning and having to sell at close of trade on the day.?? That is the $64k dollars question.
And with what volume. Can anyone buy say 50k shares at opening and sell them at close?? I hardly think so!!
It takes me days, if not weeks, to accumulate say 15k to 20k shares. Hence why I ask that question. I am not interested in making a gain of say a few cents or just one hundred or a few hundred dollars as my living is made elsewhere. I am interested in making not less that a couple of grands in any trade that I make. If it is less than say one and one and a half grands net to me, I leave them there waiting. And, when I manage to do so, it takes days and days of waiting to achieve that figure. Even weeks.
I do understand though, that for a trader, a profit is a profit whatever that profit figure might be. But to be able to do so, one has to spend all day in front of the computer waiting to catch that favourable swing. Unfortunately that is not for me. I have better things in life to do than spending all day in front of the computer screen.
Anyway Hoot, thanks again.
CDU Price at posting:
$3.70 Sentiment: None Disclosure: Held