I noted in the thread that someone helpfully explained how you...

I noted in the thread that someone helpfully explained how you could easily make $1000 in a trade.

Well, if you can do that easily, then after 5 trades you've made $5000 and you can up the ante. Then you can make $5000 a trade and before you know it you're making $25,000 a week. Some people might consider that a decent wage?

Tbh I don't really think it's that simple. But there is an element of good trading in that idea – that is, that you can make $$$s on the ASX in more ways than riding stocks like TMG, MTH, SUM based on some optimistic idea of their FA based on what some unknown punters tell you is gonna happen so you won't take profits and be left holding the bag when the inevitable dump comes.

These hot stocks are always being promoted on the thread and often they will run a bit, but 99% of the time it is only to let the smarties get their profits out and then they disappear from sight. The number that actually go on to make big returns is less than the odds of your picking the right one to jump on.

On the bright side you can make $$$s from these stocks by following the chart and taking profits at key pivot points based on volume and chart moves. And if you compound your profits you can make more $$$s than by just taking a big swing with most of your capital and exiting stage left if it all goes to shite.

Anyway. Try thinking about your trading techniques more than worrying about picking the next big runner.

Just a quick rant. I gotta rush off.