RE:RE:RE:RE:Today was worth trading LSPD ...BiggyG. Holiday's? What's that? ... I wouldn't throw in the towel just yet and give up on some really nice, juicy trading opportunities. Sure there will be good and bad days for LSPD. Every stock has them.
If your intention is to hold for more than a day or even swing trade, well, that can get risky as you never know which direction it'll go from day to day, especially with LSPD's extreme, crazy, over the top volatility.
But if you trade on a greener, more positive day with the markets rising, after your stock pick has consolidated and is clearly on an upward trend, well there are some really good trading opportunities out there on select days.
And if you don't limit yourself to only trading LSPD, there are some really good, solid opportunities out there with other stocks. My favorites right now are LSPD, NVEI, NTR (a really red hot one since late February, which I only discovered a bit too late), FNV, TFII and to a lesser degree WFG, AEM and NGT.
This week alone I traded LSPD, FNV, TFII, NTR and GIB. I didn't post them because they were all smaller amounts so they really weren't worth posting. I made $2,481.80 over 4 days which averages out to $620.45 a day using other peoples money (OPM), on margin and interest free. I usually average way more than that.
I should have done way better but I made some mistakes and also made somebad decisions (like selling too early), I shouldn't have made, as I got caught up in the moment and also wanted to protect my capital/gains.
Not an amazing amount but definitely better than working a day job for someone else. Like I've said before, if you're making an average of $500 + a day in profits you're doing really well.
I hate to admit it but I only averaged a measley .39 cents profit per trade over 8 trades. But as you already know, trading is a lot harder than most people think, so you take whatever the market gives you and be grateful for it. As long as I'm not losing money, I'm doing well.
Happy Holiday's and GLTY.