AI
Monday, October 24, 2005 4:29:06 PM
Let me explain something about TRADING.
Some people will look at this chart and see the stock closed down a little so that pick didn't do much.
The expeirenced trader will look at this stock and see that it was @ $14.35 for the day low and $15.57 for the day high. A difference of +8.5%.
Now it didn't go from $14.35 to $15.57 BUT... throughout the day it fluctuated as every stock does and like me, I bought this @ $14.85 and SOLD @ $15.02 and I was done. Took me 4 Minutes. "QuickTrade" today.
I don't care if it went to $20, don't care if it went to $10.. I made my profits and I'm done.
The whole point in this post is to teach you not to JUST look at what it closed at but how the stock did throughout the day.
It was a good pick for me and the others did well too.
Some people will look at this chart and see the stock closed down a little so that pick didn't do much.
The expeirenced trader will look at this stock and see that it was @ $14.35 for the day low and $15.57 for the day high. A difference of +8.5%.
Now it didn't go from $14.35 to $15.57 BUT... throughout the day it fluctuated as every stock does and like me, I bought this @ $14.85 and SOLD @ $15.02 and I was done. Took me 4 Minutes. "QuickTrade" today.
I don't care if it went to $20, don't care if it went to $10.. I made my profits and I'm done.
The whole point in this post is to teach you not to JUST look at what it closed at but how the stock did throughout the day.
It was a good pick for me and the others did well too.
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