RE:RE:RE:RE:RE:Shouldn't we be due for a technical bounce some time soon?butchtennis. First of all I'm not bragging because I've been daytrading for well over two years now. This type of a trade is normal for me because I did it on LSPD's and NVEI's last run up only a month ago. And have done it with other stocks also.
You THINK and BELIEVE I'm bragging. I'm just stating a fact.
And you're 100% wrong. All longs did NOT make money today. Maybe on paper which doesn't really mean anything until you actually SELL and cash it in. So even if you wanted to, you can't brag because you didn't make any money today.
Did you sell and cash in your LSPD holdings at end of day today? No? Then, sorry to tell you this but you didn't make any money today. You have absolutely ZERO money in the bank to show for it.
Just like all of you longs who held after LSPD's recent run up from mid-March to early April, from $25.50 to $40.92 and continued to hold on to it (yikes!) on it's downward, death spiral all the way to it's new low of $20.52 just yesterday.
All of the so called money, paper money, you longs made during this run up was wiped out again in one felt swoop. But, like some others on this board, I traded, i.e. bought and sold, during that run up and cashed in my gains daily, like today. So I actually made money, cold hard cash in the bank, unlike you longs.
And if LSPD drops tomorrow and continues to drop over the next few days, what would that do to your so called money you made today? Again, it would be wiped out.
Here's a tip, some free advice. There's a much better way to make money from the market and it's NOT going long, not just yet anyways. It's trading ... with other people's money (OPM), on margin, interest free. You can't beat that because it's basically FREE MONEY.
All you have to do is be patient, wait for the right trading opportunity and strike while the iron is hot, i.e. in this case taking advantage of a nice, big, fat juicy bounce where all of the markets are on fire and chugging upwards like there's no tomorrow.
That's the secret to making money on the market without losing all of your gains and also not being at the mercy of short sellers who tank your stock that you're long on, as you are probably well aware off in LSPD's and NUVEI's case.
GLTY.