Conix, the facts are that sometimes the charts are right and sometimes they are wrong and anyone who says different is just trying to pull the wool over someone's eyes. Charts can be very helpful in both trading and investing but most of the time they are not very accurate for OTC stocks. Just too much manipulation to get a truly accurate picture. The big board stocks come a lot closer to giving a truer picture with charts. The problem is that I have seen people on here who actually believe it is easy to read the charts and make money because you make it sound that way. The saddest part is probably 95% of those people will lose money trying to trade OTC stocks by charts and yet you continue to make it sound so easy and make fun of the longs for buying and holding. Thankfully most of the people who post here are seasoned investors and just laugh off the fact that you make it sound like it is so easy to make big bucks trading this and other stocks. Nothing could be further from the truth. I just hope you don't convince some of the novice investors to try your so called fool proof trading methods. Please don't come back and tell me you don't make it sound easy because you do.
I have been trading stocks for more years then I care to admit and I can tell you that making a living by trading is one of the hardest things one could ever do. As I said earlier, probably 95% of the people who try it lose their butts along with many who have lost their life savings. It takes a discipline that most not only don't know but most can never be that disciplined. If you truly make a living trading stocks and by trading, I more refer to what is called a pattern day trader, then more power to you. Trying to convince the others that people who are buying and holding are not making the money they could if they would just use the charts and trade well IMHO that is doing a disservice to the many people on these boards because so called day trading is something that takes a whole lot of experience and then anyone who thinks charts work on a continuous basis for OTC stocks, well let's just say I have seen some of the smartest men I have ever known make a million and then lose it all back very fast thinking they have it down.
You may be the exception to the rule and may be making money trading these OTC stocks by charts but as my mentor used to say, THE GAME IS NOT OVER AS LONG AS YOU CONTINUE TO TRADE.
Good luck to you Conix and I really mean that but I think you should really think about some of the comments you make about people are losing out because they are investing and not trading. Dangerous talk my friend.
AI
