Alien Metals Ord Shs ASLRF

RE: Thanks

[RedMars]

In the past the only people who made money on my RSP were the mutual fund managers with their high MERs - ie the commissions they skimmed off my plans  every year good or bad.

As you can see I made money back on AGQ even when the stock was heading down from its highs. The share price fluctuates every day and you just need to find its range. If I didnt start DayTrading it, it would have been a much much larger loss.

Its easier to DayTrade a stock when the stock its heading up. Again the share price fluctuates on the way up everyday too.

I trade the stock on the way up and on the way down. I'll be following AGQ and others up or down 1/2 cent at a time. So if it hits 10 cents or 4 cents I'll be trading it.

I trade the same stock(s) as you get to know its history and are more comfortable with its swings. I've lost money picking new stocks as I wasn't familiar with its swings. I need to study its share price history and read the bullboards as to why the stock went up or down.

My gains are substantial since my Oct/Nov 08 lows.  Again thanks to the return of higher volume trading in the venture stocks, my increased DayTrading paid off. (I sustain losses every day/week but the win column beats the loss column at the end of the month.)

Less than 50% of my money is in play and a % of that is placed as stink bids to capture the dips and bigger dips. If we get a market corection again (and I think we will, I'll be snapping the stocks up).

I only hold 0 to 8% of any given stock on any day. It goes down to zero if my ask is hit. I may need to wait a day or more to get the dip again. Ive lost money chasing stocks that run up to fast only too see them drop even faster. I just let them go and remind myself of the losses I had chasing. Channel trading is by far the best.

Its far easier to make 100 to 500 dollars a day Day Trading than 100,000 or more a day. The professionals who play with millions are not trading penny stocks. Their bread and butter is elsewhere. My hat is off to them. But you know what? You will never see their big profits show up in your account. They call it bonuses. 

Staying long did not pay off for me on any stock last year. 

@ 1/2 cent gain. I only need to trade 3000 shares to make $15.00 to cover my $6.95 x 2  = $13.90 (buy/sell) commission. If I trade 4000 shares or more at 1/2 cent gain I make a profit.

If I buy 10,000 shares @ 5 cents its $500 + $ 6.95 = 506.95
If I then sell it @ 5.5 cents I get $550 - 6.95 = $543.05
$36.10 profit (7% profit) in one day or 2
@ a penny profit on the the same trade (ie sell at .065) I make $86.10 (17% profit) in one day or 2

If I do this a few times a week or even a month that is more than I would ever make off a mutual fund or cash savings account in a year!

Why bother with a 10 cent stock? That means I need to risk $1000 to make the same $36.1 or $86.1

If the stocks are trading at 5 cents I can buy 2 different stocks and chance making $72.2 or $172.2 from the same $1,000.

If I buy more than 10,000 shares, I chance to make even more.

If I bought 30,000 share the same day it cost only one commission to buy and say  I sold 10,000 shares a day for the next 3 days it would take 3 * 6.95 commission to sell. 4 commissions or $27.80 in all.

The above scenario is cheaper that buyin 10,000 share a day for 3 days and selling 10,000 shares a day as it would take 6 commissions charges or $41.70 in all.

Hence Day Traders will buy larger amounts at the start of a day and what doesn't get sold at a profit they can keep for the next day or sell it back if you don't want to carry overnight. 

If the trend is going down - you'll sell . If the trend is going up you'll hang on to it overnight.

I look at 15 stocks a day because that is the maximum number RBC can show on their multiple quote screen. When your DayTrading you need to track the stock prices with no delay.

I'm usually vested in 6 to 10 stocks in a day. I trade from the same basket of stocks.

The lower the share price the less cash I need to put in play.

With the venture being much lower this year it takes less $$ to trade an individual stock for a profit.

If I settle for $100 dollars a day over 200 trading days thats $20,000 a year and I never need to risk more than a few $1000. at play on any given day. I average more than $100 a day. I'll leave it at that.

Red Mars
All investments are a gamble