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If you can do short term trading and it works then power to you....

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285 Posts.

24/11/20

18:08

Post #: 49110591
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Originally posted by moneygalore: ↑

Maybe move to short term trading ? I don’t really post in DT forum much now because I don’t day trade anymore. It’s a recipe to lose monster amount of money if you do not know what you’re doing.

For example I held IMU since 5c, now 12.5c ,
EMN bought at 30c , now 61c

Great profits being made this way and you’re not chasing it. Research stocks you like, study the charts and find what the support is. Put buy order just above support line if the company fundamentals makes sense and sit back until announcements are made. You would then be in the drivers sit and able to make those monster % rise without having to pip trade it on the day of the announcement.

Also this means you no longer need to constantly stare at the screen. Only on the day of announcement to decide if to sell or keep holding.

I won’t name , names but a few here have almost permanently put me off day trading because of their blatant ramping and no regards for other people’s money.

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If you can do short term trading and it works then power to you.

It doesn't work for me.

For any STT success there are many failures, suspensions, delisting or holding at a loss.

I rather daytrade and at the end of the day I know my P & L.

I walk away and come back the following day afresh
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