Innovation Pharmaceuticals Inc (IPIX)

[noretreat]

I know a couple of people who have done well with trading. One of them was the manager of a day-trading "cafe" in the 90's...he did well, but one of the clients came back and shot up the place after losing a bundle. So trading can be deadly!

Things is, an investor should do what a stock calls for. In some cases it is buy and hold (or buy and pray!). Sometimes a stock that is prone to wild swings of market emotion SHOULD be traded on the technicals. On these stocks it is often as easy as trading the RSI. Even long-term holds can be successfully traded a couple of times as the company grows based on overall market and industry conditions. Trouble is, traders get caught up in the emotion as well and break their own rules.

It would be fun to have a few other Ihub members at the showcase again this year to compare notes and trade bullshit stories. I am 90% committed at this point. I still need to set up some other activities surrounding the conference.