How does one measure turnover to know whether your order is filled wilst dummy trading, I mean you've got to factor in how much is in front of you, how many orders get pulled/modified, cross trades. And yes the psychology would be a lot different regarding risk taking appetite. Perhaps trading a stock like BHP that has tonnes of liquidity would be a better example to try your daytrading tactics.
I commend you for conducting the trial, most people rush in and learn the hard way.
With speculative stocks, It is more important to protect your capital than to make massive profits. Watch what happens to your capital on a speckie that doesnt produce the goods (see last few years of GDN chart), or one that has been heavily diluted by SI dilution - (see last week of EXM Chart - spectacular recent results does not equal spectacular SP increase)
The key to technical trading IMO is not just to recognise the formation, but to understand the fundamental that is creating the formation (past news/expectatons/insider trading) - Most day traders get stung by a failure to back up TA with FA Good luck with your trading.
SIR Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
