Recent content by TheDamo

Hi Xtrader, There is technically nothing wrong with your proposal - it makes reasonable sense from a business point of view. The thing is, speaking for myself, why would I (or any profitable trader) want the extra work, pressure and responsibilty of trading your funds in addition to...

Hey, steady on! I've traded as my main source of income that way for the last 6 years, so I can't be that stupid...! There's hundreds of different trading styles that work. One of the biggest misconceptions in trading is that in order to make a living, your only option is to Day-Trade...

Hi All, I think it's a case of "each to their own." Personally, I hate Day-Trading and would never do it. For me, sitting at a computer for hours on-end watching charts whilst life passes me by is not a good life to lead.....but that is just my view. I know a guy who stays in all day...

Hi All, I did say yesterday on another thread that I wasn't 100% convinced in this stock, and that it would be interesting to see what happened yesterday after the previous day's fall. Well, what happened yesterday was certainly interesting...! Thanks Damian Professional U.S...

Steady on! - like I said, we're all different people trading different strategies - a different opinion is not necessarily a wrong one. Just because I'm not currently trading in JMBA, doesn't mean it's not the right trade for someone else.....as a professional, I know and accept that...

Hi All, Just seen this thread so apologies if I've come in a little late. Personally, I could not buy a stock that had fallen from $13 to $3 during the past 2 years. If I was going to buy into this sector, then I would say that PEP looks a far better prospect. Not a bad uptrend during...

Hi All, Interesting thread, because I worked in Sales for years before I finally went full-time with trading. In sales, you learn to deal with rejection, which can be a great toughener and character builder. A bad day in a sales job where a large part of your salary relies on commission...

Hi All, On the face of it, BIDZ is a solid strong stock. I'm not personally trading it because I'm involved in other trades that I consider to be stronger. It will be interesting to see what the stock does after the significant decline during yesterday's trading day. Thanks Damian...

Hi All, I've only just seen this thread, so might be coming in a little late, but I will answer the original poster. I have followed the markets for 11 years and trading has been my main source of income for 5 years. However, for the first 6 years I was not a profitable trader - I lost...

Hi All, Just seen this thread. I would describe myself as a Position Trader, but can hold a trade from as little as 1 day up to 12 weeks, so not really sure where you'd put me on the poll. Interesting split across the poll results..... Thanks Damian Professional U.S. Share Trader

Hi All, Rather than just post a meaningless stock symbol, I'll actually make some effort and make a comment with it! I'll go for EWT (Ishares) listed on the NYSE. It's trending well, has strong earnings performance to keep it trending, has strong buying volume to support its price, and...

Hi, If you're looking to combine several different strategies on the same trading account, then I would say the most important thing will be make sure you are able to keep track of everything! You're likely to have multiple positions in the market all operating under different exits rules...

Hi, If you're looking to combine several different strategies on the same trading account, then I would say the most important thing will be to make sure you are able to keep track of everything! You're likely to have multiple positions in the market all operating under different exit...

I could trade my system with $5k or $5m and still make the same returns in terms of percentages. The rules of my stategy would not change at all, but 5k would be the absolute minimum I could probably use. Thanks Damian Professional U.S. Share Trader

I think that's a very good point. Trading is hard work. Not physically, but mentally. And yet many people get into trading because they think it might be an easy way to make money - they leave the markets when they find that's not the case. Thanks Damian Professional U.S. Share...