Replies to post #66581 on GoodFellas Big Board Catalyst and Chart Plays

[sbais]

very well said how not 2 fall in love with stocks


i am learning trading but don't have any idea on chart,i observed from past 3 year continously and and follow my intituion with what i learned from observation. any good link to learn abt chart ?

my dream is to become day trader and quit the regular job working hard lets c

and thanks for the mail i appreciate it :-)

[Wrinkles]

One change to belows post: When playing PDUFA plays, you must try to find out if a company has enough cash to carry them to the pdufa date ideally, otherwise the financing deals can set you back. Many of these sub $6 stocks, do not have enough cash on hand to get to the pdufa date, must try to find them and weed them out best you can, jmo. Or do same day trades in and out and be cash overnights, then it doesn't matter.

"My take as a daytrader:

Don't do any DD on any stock, just learn to read charts and follow them. The more you learn about a stock, you get clouded thoughts, start to fall in love maybe, affects your decisions. Become robotic, umemotional, something I am always working on, cause I am an emotional person up and down, the more level you can be at this game the better. BUT LEARN TO READ CHARTS!!! CRITICAL TO KNOW, CAN'T SAY IT ENOUGH HOW IMPT IT IS TO MAKING MONEY AT THIS GAME IN THE OK CORRAL!

I'm only avg at charts, but can find my way around well enough, but need to get much better. Some guys here that are exc on charts, pay attn, ask them questions.

EDIT: I don't believe in holding anything long, don't believe in IRA's, etc. Cause when you read my profile, you'll know what I think is coming and why I think in minutes, hrs and days and not in yrs...."

[Wrinkles]

I remember 10 yrs or so ago I started trading stocks for the first time. Like most folks, I started with pennies and used to laugh at guys and their charts, meanwhile losing dough cause of hanging onto pennies for to long, losing my big profits and eventually some of my principal, cause they were going to da moon BS! As the yrs have gone by, I started to open my mind to charts and the more I learn, the more fascinated I am by them. They are amazing, tremendous weapon in your arsenal if you practice and get as good as you can at them....