RE:RE:RE:RE:RE:Yesterday gains wiped outYou said you are making money using that method. Anyway, I am honestly happy to see you make money whether it's sustainable or not. I just caution that using that method can make a 180 in a heartbeat. You've just started using TA (correct me if I'm wrong) and you've had some success but time will be the true measure of it working or not. I last added to my position at $25. I added several times on the way down and have an average of $40.66 so some have experienced larger gains than myself. It is extremely difficult to time a bottom, especially in a situation as such. It appears that a lot of us here have fared pretty well with adding to or creating a position at low SP levels. I, personally, have all you here to thank for helping me with my decisions. Without this board, I would not have been able to make well-informed decisions. I hope it returns to the state it was before in which useful information was flowing strongly. Good luck to all.....except notwrong and his 15 aliases!
CJAlberta wrote: Slinger, Very true what you say as many times it has NOT worked out for me. For example, I was long on the US dollar yesterday and got crushed this morning ... I certainly don't have this thing figured out and probably never will, but it certainly is fun trying and gives me a sense that I am making money (even sometimes when I don't!) I wasn't lucky enough to get in at CXR at $25 as you did. Nice work finding the bottom, I wasn't so fortunate and was way off with finding the buttom (ACB/share around $46 now for me) so you are in a much better position I agree! Good day, CJ