RE: day tradeHi,all.
To Charlie Chan:I traded 3 times since Jun 30.In the 1st time at $0.49.Received $1740 from those 3 trades while you sat idle.And now we are back at $0.49.Square one.But I am $1740 richer.
To Harperhater [God,I love that name],I have no idea when a daytrader becomes susceptible to being considered an income trader. Anything you can do to enlighten me would be greatly appreciated.
Until then I'll day trade this sucker till the cows come home.
GLTA,j-unlucky.
I just wanted to add something........I believe you stated you just started trading (daytrading) last week and you have become an Expert in that that time making $1740 while we sat idle... ...............
First let me point out ...............Nobody ,I mean Nobody can pick the top and bottom every time..........
If you are able to then you are better than anyone I have ever met(and I know so great traders) and I tip my Hat to you .........
However , I have been at this 20 + years and when I first started I thought I was all that and made great trades everytime...........That lasted about 3 months ...........I got cocky,,,,,,,,,,,,,,I got an $18,000 lesson in 3 trades.That pretty much educated me on the way the market works.
I can tell this much................I have seen many come on these forums saying they sold at the top and bought the bottom..............I say BS ............maybe 2 or 3 times you can but not everytime.....Odds are to high against it.
Stocks do not trade like this very long........
There are many ways to trade and picking the bottom and top is not one.......
You can actually see by the buying what is going on and trust me....You do not want to go up against Anymouse or Canacrap..........They will wipe you out in a few trades.....
Less than 8% of active fund managers actually outperformed the TSX index ... less than 8%
These guys have all the info(inside) and Degree's out the ying yang and still cannot outperform the Index.
SO if you are that good I tip my hat ................My bet is you will not be that lucky everytime...
They actually sell programs that trade the turn and they work on some Nasdaq stocks but Venture (nope)
The Venture is a different beast for sure.......Not all it seems to be.....
I never hate to see anyone lose but I repeat ............YOU CANNOT PICK THE HIGH AND LOW EVERYTIME.
2 or 3 times maybe.............
This will either run away on you and you get caught up in the panic and you buy a stock that drops 50% after a run and wipes you out or a number of different things........
Their are books on this subject written by Doctors who study behaviour and they say the best trader is a person with no emotions.... You cannot control emotions in most cases...
Anyways ..............Good Luck ..............
.Just don't get ahead of yourself as we have seen many where you are right now...........
Very glad you made some $$$$
Just be advised that trading small amounts may be easy here now but someone dropping a few hundred thousand on the bid could change your world quickly. ..
Someone with a large amount of shares (wink wink) could decide to take some profit as well the next run.
I think this could go much higher first though...
Anymouse is tricky so be careful.
I do believe we are being brought up slowly...
Some of those warrants being taken up....????
Something on the horizion I would say......