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13/08/24
10:47
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Originally posted by Endless:
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Hey Krano. I did notice you getting onto the popular stock bandwagon and getting a bit carried away with the 'potential' of various hot stocks. That method (stock picking) doesn't work in the long run unless you have a lot of luck and then stop trading. To win at trading you have to ruthlessly stick to the plan and just make incremental gains. If you do have a really big win you have probably done something wrong. lol Old jungle saying: The psychology of trading is written in the chart. Btw. Like a few others I'm also looking for a different approach. It's not like the good old days. My suspicion is that many new traders turned up when on-line trading began and they have slowly lost their capital. Combined with new computer trading and brokers joining in, the margins have been killed. There's still $$$s to be made but discipline is more important than ever. Good luck out there team. PS: For whoever asked yesterday. You can easily see if bots are trading by the size of the trades. $1.45 worth of buys is a sure sign. But a stream of hundred dollar size trades is a giveaway.
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Have recently got back into trading, last traded twenty odd years ago and the ASX is like Russian roulette compared to back then .Keeps you on your toes .