Day Trading Afternoon Thread January 11, page-40

Hi all. Jeepers! Where did all the new pumpers come from!?

We must look like easy pickings.

As usual the charts doing all the talking.

BPH pulled back to 5.2c support area. !00% hype this stock so timing is everything. Volume is weak so might as well wait for big pullback and try and read the room as to the next jump. But that's gonna include some luck.

CPO. Can't really bust that 12c overhead? Anncmnt overload might be a problem. Boy who cried wolf scenario?

Some other real turkeys getting pumped. New Year's punters might be helping them along. A shame we won't get to know youse that well.

Anyone seriously interested in DTing stand back awhile and focus on just a couple of stocks. Put your commonsense hat on and look at the FA without emotion. Does it really mean anything or has this been getting promoted on the same BS for yonks? Look at the chart and see where the money flow has been and gone. Are punters gonna buy it or are they waiting to take profits?

Test your intuition for at least 3 months and focus more on where you get it wrong than right.

Everyone has different aptitude and experience. Some have a better grasp of the odds, others can read the market better. Some peeps are just good gamblers but they are probably doing something like this already. There are many ways to skin a cat on the ASX.

Be honest. If you haven't tried this before there's probably a reason. If you've tried and failed then don't do the same thing again.

Unless you are quite good at this there are better ways to make a dollar. imo