Disadvantages of Short term trading.
When the mother load of all announcements is announced, try buying 300,000 shares at say $1.20 average?
Share price is prob going to rise in multiple 20 to 30 cents daily, until there becomes a slowdown of buyers entering the stock.
Good luck when that happens if you do not have already a large holding. All those buyers jumping over the top of each other, only to get a few shares here and there, are going to kick themselves over and over and over again!
With the words "Could've, would've, should've " If only I was not such a fool.
Do not forget, we all cannot be sitting in front of the computer 24/7. When the news finally travels to the media, many trading days are lost, and this is when the late comers arrive paying 2 to 3 times as much per share.
So that's it, the plan, the lost, and the brave.
P.S Its easy to buy a massive amount of shares now at $1, than be a fool at $3. Having made these mistakes, I have learnt what is the better strategy moving forward.
Each for their own methods.
GLTA
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Buyers (Bids)
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1 | 1609 | 0.565 |
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Price($) | Vol. | No. |
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