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The Brains Trust - 2024, page-1760

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paddington bear

18,039 Posts.

7873

09/08/24

13:27

Post #: 75141975
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Originally posted by cha ↑

timeframes
never something addressed on here
to work out your timeframes and whether you fall into the 10% of investors who make money or the 90% who lose money
over time

i traded short term for years until i realised what it cost me in terms of lost opportunities

i then ran a long term account and a short term trading account
now it is just the long term. easier safer and more profitable

before i get howled down
this has been my main theme in posting during entire run of spx from 1050 up to now
i feel a bit like a nag and i will stop it and take a break especially while spx makes up its mind as to next step
i agree daytrading is the way to go just here

pros and cons
daytrading - you will be doing it all your life to stay ahead

longer term do the sums

I used to invest large amounts in each short term trade to make a decent return for that week

trading the asx when it was $30. trade for a few pips and out
do the same now at $60. costs twice as much. get stopped out sub $60 if you trade with stops. it is a lot of pips to then make up
and you have missed out on doubling your money

compare rms at 3.9c
dyl at 10c
boe at 3.9c
all have run and run
all posted on at the time
i used to battle the sharks on rms from 3.9c to 5c and back again. until i decided i actually appreciated their interest in it. it showed there was something going on there. i just bought my wad of it and sat back and let them play games

buy 100000 rms at 3.9c and stop worrying about the pips as it doubled to 8c
cost of $3900
now at $2
$3900 is now a 50 bagger
now $195000 and i expect about to rerate again

imagine doing it with a decent investment instead of $3900

all from trend change post GST

cmm from 10c
nst from 66c
gor was 9c
hch 4c
and so many others

once they become midcaps then easier to measure each move
need to stay active. i posted on adt from sub $1 to over $4 and then the game changer for me was the loss of some of its land. now sub $3 again. no surprise
the ones who dont make it?
ivr still at 4c. even if you buy it at 7c and paid $7000 you are down $3000. just wait for next piece of news and sell the darned thing

the problem with following the macros is when they turn down you sell out and never rebuy
always looking for the next big thing for a few pips

i post for the mum and dads who need to see a way to make some decent capital over time with low risk
even if you pick the best 5 midcaps or better yet the bluecaps and follow them and them alone
it is a good way to double your money over time. 7 years is the statistical average
jbh at $36. posted on it ad nauseum

sto sub $3
even ozl at $5
sfr from sub $6
pru from 20c
i still hold the sto pru and sfr shares
if they retrace for awhile? every decent move up follows a decent hammer and they each move to a large extent according to their internals. pru was not ready at 20c and was the last of my goldies to run back then but because i held it well it is now one of my best on this run as its internals fix up

i actually enjoy the short term posts
there is a lot of truth in what is said. a pump before the dump. yes a million times yes i see it over and over
a dump before the run. again yes

this week is day trading week with some volume coming in on the hammers
alk ran wednesday afternoon before news out thursday morning. the hammer down before the news and now the insiders are sitting on it from 38c
i actually bought some then as a short term trade
hch similar
red yesterday

am i excited yes. am i going to return to day trading? maybe for fun and a little while just here

great if you can do it. babs streisand is rumoured to enjoy the thrill of daytrading and it is a thrill

just be aware of your limitations and what suits you is the lesson and what you might miss out on

work out what works for you and follow it happily and safely

i find i am reluctant to put decent money into daytrades so why do it?
the successes like buffett know the value of safe trades over time

there are a few fund trading experts who call the trades for the myriad of fund managers out there
that is why i expect volume came into cmm on 20.6.24, evn 21.6.24, nst 21.6.24 pru 21.6.24 and others
try daytrading on paper perhaps but dont lose sight of the big picture

there was one lady i knew who trusted a lot of money with her then partner who trusted an expert on shares to trade long and short. they made a lot in a short time despite my advice to her just to trade the long trades
sure enough you can guess the outcome once the market pumps and dumps began. what i call churn.
anyway that is it for me for a long long time
enjoy the volatility

Expand

I am not a day trader, trying to take each cycle that comes along. If I do trade something for a day, it is usually purely by "accident". But love watching the day traders though.

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