Traders make pennies, Investors make dollars

Quote from Joab:

You may want to post this in EliteInvestor forums.

This forum is for real men !

For every AAPL there are 3000 wanna bee's

AAPL is only AAPL after the fact.

And just for your information I made 490,000 pennies today with a 10k account can you do 49% returns each day ?
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For every AAPL there are a lot of wanna bee's, and frankly for every profitable trader there are also a lot of wanna bee's. A lot of them buy and sell on fundamental "facts", a lot of them on "technical science" and some on both.
 
Quote from NoProblem:

Bottom line is - - -Entry is everything!
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Your kidding me? For me the entry part was very easy to get down, I think I had great entries within 3 months, I'm still working on the "perfect" exit.
 
Quote from athlonmank8:

There's tons of truth to this.

Some advice for the new people.

I've seen too many TA posts around here lately. TA is a way to get in, but not always a way to take profits if you're up.

Especially if you're investing. AAPL going from 10 to 200, think of all the times TA would have told you to sell your gains.

Common sense and fundamentals (direction) say hold the whole way.

Need to start placing a little less weight on technicals if you want REAL success.
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The bottom line is, a good trader will always make more money than a good investor.

Of course if you don't know what you're doing - it's better to be a dumb investor than a dumb trader
 
Quote from athlonmank8:

There's tons of truth to this.

Some advice for the new people.

I've seen too many TA posts around here lately. TA is a way to get in, but not always a way to take profits if you're up.

Especially if you're investing. AAPL going from 10 to 200, think of all the times TA would have told you to sell your gains.

Common sense and fundamentals (direction) say hold the whole way.

Need to start placing a little less weight on technicals if you want REAL success.
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A better way to start this thread would have been to say.

A smart seasoned investor can make millions - while most traders only make pennies.

There are just as many investors as there are failed traders if not actually many more because everyone usually invests a little and they fail because they have no clue but few people actually take on trading full time in relation to people who invest....
 
that comment is laughable. so you mean to tell me you advocate what wall street has been saying! "buy and hold". thanks for the useless tip.i'll stick to scalping.
 
Quote from Warrior4g:

that comment is laughable. so you mean to tell me you advocate what wall street has been saying! "buy and hold". thanks for the useless tip.i'll stick to scalping.
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i guess you don't advocate reading. he was saying people need to pay attention to fundamentals more and not solely technical analysis. the op is correct when he says this.
 
Quote from NoProblem:

Yes, you need to remind the BSC investors of this - I am sure they will appreciate it!
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bear was always the one rumored to have the potential to blow up even when it was over 100. people began to seriously question their FUNDAMENTALS. technicals didn't drive the stock to bankruptcy.

how do you guys think paulson made billions off of subprime? fundamentals and a trade that had very limited risk with extremely high reward.

and don't get investing confused with refusal to sell something. they are not the same.
 
Quote from robbie380:

i guess you don't advocate reading. he was saying people need to pay attention to fundamentals more and not solely technical analysis. the op is correct when he says this.
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lol exactly. :)
 
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