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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.

Roughly $100k. Started with small amounts, losing $500 here, $1k there. I was relying on basic indicators I learned from reading a couple of books. Worst thing was I'd take a big win every now and then. With my first $20k account I was down to my last $1k and I bagged a $14k win (purely ass...

The golden rule!!!

Believe that at your own peril. You are all forgetting the most important aspect of this so called 'housing bubble' in Aus. Based on supply and demand, there is still a major under supply of land/housing. Prices may pull back a little but this will be purely cyclical. The way wages are...

This statement couldn't be further from the truth. The mining boom is a relatively new phenomena. It is responsible for sucking the life out of many rural and agricultural communities. In the city I live mining only accounts for about 20% of the local economy and this city has one of the most...

All I see is a slow painfull distribution phase slowly sucking in more 'retail day traders'. We have seen nothing like the base formation that took place in March-April '09. More like the opposite.