PS. off topic is anyone who is holding longs, as scared as i am that if wall street doesnt break 9860 tonight its gonna roll?
PS. off topic is anyone who is holding longs, as scared as i am that if wall street doesnt break 9860 tonight its gonna roll?
And herein is where the difference lies.
So what happens o/n is of no consequence---or the day after or after that.
The vast majority of people on this site do not restrict themselves to intraday trading.
Overnight matters to someone who takes overnight positions
Sound business is to place yourself in front of demand,and remove yourself from markets which display little or no demand.(In of course the timeframe in which you do business.
People should take note of this post. Imo thats what trading is all about. Frontrunning demand to an extent.
Is it because you think of charts as magical, squiggley lines? Think of charting as the study of movement of price. Now consider that trading is an action that has the goal of capturing price movement. A chart is simply a visual representation of price movement. The movement is caused by the market, which is made up of people. People do not act randomly, and are often predictable and with emotion. Therefore, a chart is just a visual representation of this non-random, often predictable and emotional action.
We can minimise the risk by knowing certain things that won't show up in charts for months.
We can minimise the risk by knowing certain things that won't show up in charts for months.
We can minimise the risk by knowing certain things that won't show up in charts for months.
I would amend one of sentences to say that "A chart is simply a visual representation of price movement in the past."
We infer patterns and project them into the future, and this is where the "gambling" starts. We can minimise the risk by knowing certain things that won't show up in charts for months.
We infer patterns and project them into the future
All information that's publicly available will already be factored in to the share price. Just how do you think you are going to find out some info on a company that very few others know about?
There are two ways to find an edge in the market: to have information the market doesn't have, or to better interpret information that the market does have. The first applies to very few of us, so the vast majority of us will rely on making better use of information that is already known to the market. If it is known to the market, it will be priced in and reflected on the chart.
You'd be surprised how reliable these 'patterns' are. Price action repeats over and over and over again. It is gambling, but that is why we pay attention to risk management. It's no less of a gamble if we were to trade by fundamental analysis.
" The Geraldton Guardian "
been numerous occasions where local listed companies have made the local news paper in regards to various important news but only made the asx pages days and sometimes weeks later
eg . years back MGX finally recieved there train carruiages . the price got smacked cos of the delays . was mentioned in the guardian a week b4 the asx . was a "sure thing " punt the news of the recievals got taken well when announced on asx but for " locals ; it was old news
AVA . was written in local papers cabinet was rethinking its desicion on powerlines ........ got anns on ASX a week /cupla days later and ran 30+% even tho "locals "had it as old news
the AVA one best example , have a look in MGX thread for the date i posted the local news then check the ASX anns
lots of news available publically before the asx gets it on occasion . just gotta research a bit harder OUTSIDE the square to find it
I haven't been to Geraldton for over a quarter of a century....! However, I now find myself reading their online newspaper - you're going to spoil it now and tell me the good stuff is restricted to the printed copy, right?
yep actually
AVA news did not appear in online version until MUCH later . was in printed version . only certain stuff goes in the online bit . always been that way . i THINK you can subscribe for full paper via electronic version . unsure .....
i can read todays paper to ya word for word if you wish
today we have barry humfrey on the front page calling for action ! , theres a wheelbarrow racer ready for his perth run , oh and theres a new statue on the forshore
addition ...........
ok just checked online and its still on wednesdays and mondays news by the looks .....
How? I think that would be called 'insider trading'.
All information that's publicly available will already be factored in to the share price. Just how do you think you are going to find out some info on a company that very few others know about?
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