Recent content by Cherrypicker

Kiwi :D :D

Who said anything about investing? It has to do with extracting all you can from your winners. Eg. that Ebay long position mentioned earlier. That's going north with anger. It doesn't even look like taking a breath. It may take a week or 3 months but it will eventually...

That's why I asked earlier, why do you set targets. A single price swing may last a year and increase 100%+ before it runs out of steam. Setting a target is the opposite of what you're trying to achieve. I don't know about you but it makes me sick when I exit a position only to see it continue...

You're right, you are a bit late with your entry, but be patient and I think you'll do well with this one. There's a good chance it'll correct a little before it takes off again though. Can I ask why you have set yourself a target? I would wait and see how the stock behaves.

Old news.......I reckon the market has already factored it in.

Psychological/sentimental areas or trends of support and resistance. ie. if the market turned at a particular area or has formed an obvious trend, the crowd remembers this............until overwhelming supply or demand busts these areas wide open.

As usual , a lot of mouthing off , but nothing useful to anyone . Mate I'll try to get you started on the right foot . For me day trading was an expensive lesson on how to throw good money after bad . The same goes for indicators. My fortunes improved when I increased my time frame to weeks and...

You're right, but it depends where you live. I was at Mackay last weekend and that place is still going nuts. They're very vulnerable to the Carbon Tax and China's strength, but it's not showing.......yet. And they're still screaming for labour. Anything tied to China or India is still...

Don't use multiples to justify your entry for starters. Europe and the US are still on the credit card round about so things are going to get worse before they get better .

Lower highs and lower lows = down trend , no ifs or buts. It'll cycle but at the moment it's going down .

Big difference between Aus and the US at its peak is debt. Debt is not out of control in Aus. Yes you might call it a bubble but people are much more conservative now than they were pre 2007-2008. Everyone I know is saving for a rainy day so to speak. And China isn't going to come crashing down...

......ignorance is bliss.

....game over. It's a bull market.

It's a bull market.

We don't drink fosters! Fosters is slang for piss. After a big sess we piss into stubbies and export it to the poms.