@Dark Doofus the reason I picked a high figure of 200k is for the very reason you mentioned, i.e. if a trader only made the average annual wage in Australia, what would be the point of full time trading?? They could just get a boring normal job and have all the benefits of super, sickies and paid holidays with zero downside risk (besides getting fired for day trading!!)
@higo what do you think of that CXO chart? Yea volume dropped by midday yesterday and price was consolidating around 9c. I was expecting some buying in the late afternoon which occured and price got back up to 9.5, however it failed to push past and then got dumped on decent volume....I took that as a sell signal and stopped myself out at 9c....
I reckon it will be pulling back some more? lookin for a entry in the low 8c range...thoughts?
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