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Day Trader’s Weekend Aftermarket Lounge 11-13 Sep 2020, page-41

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Plimsoll

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11/09/20

19:41

Post #: 47281153
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Originally posted by Aussieasxgod: ↑

this isn't financial advice.

if you want to trade night / early morning that's o/s like on wall steet. strongly discourage that .

why?

betting against your stock to go up , and currency to remain low.

it's hard enough to find a stock to make a gain.

your in construction - so DT day trading is out, why ?

because you can't be on your phone all day looking at candle light charts to predict when the stock is going to make a run,

I work in a office / and I still find it hard.

so what you want to be / become is an INVESTOR.

long term hold minimum 3 years,

don't need any schooling / education. why ?

because your not going to put in a buy order limit because that pip isn't going to change your life.

because your in it for the long haul.

DYOR in a stock you like , see if it has potential. invest in it .

and check 6 months time how it's travelling.

why? so your not tempted to be that 'stock broker ' try make a quick $500 to invest In your long term stock

and be on the end of a loss of a day trade

hope this helps

investing is about making money doesn't matter how long you hold. plus hold over 1 year 50% cgt discount

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Agree God, very sensible advice, too many novices burning cash , when developing a career far more important . Career will keep paying the bills , ASX casino wins won’t . Leave day trading to a bunch of old guys , retired with a plenty of time and cash on their hands.
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