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<blockquote data-quote="HLN A55" data-source="post: 4863" data-attributes="member: 46"><p>I've considered this for one time and have reached the following conclusion myself...</p><p></p><p>Any trading on a day to day basis is 100% speculation and should be treated as such. It's a risk that people calculate on a number of parameters.. ALL of which have nothing to do with the relative strength of the company or it's earnings/dividends etc. Think of it in the same vein as lottery number picking systems <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p><p></p><p>I've watched stock for some time that has a weekly cycle... close strong on Friday, dip Monday, Tuesday, plateau Wednesday and rise again at the end of the week... I can say with SOME degree of confidence that I can predict where someone COULD make money but in the end its the same as I said earlier... 100% speculation. THAT is why investment firms don't do it nor do pension fund managers.</p><p></p><p>You'd make more money with a $75K investment that you nurtured into a 10% return for the year in the long run...</p><p></p><p>It's same for people that speculate what the price of oil will be from week to week... month to month... and THEN what happens? The price of oil gets hit by a totally unpredictable event and EVERYONE gets proven wrong.</p><p></p><p>I guess in conclusion I'd say that if you're going to do it, go ahead and go for it now because there really isn't (in my opinion!!) any more knowledge to have with respect to day trading... it's more like playing the odds than anything else. You've got the same odds playing blackjack with your $10k... </p><p></p><p>Like I said, I wish you all the luck in the world... keep me posted!!!</p></blockquote><p></p>
[QUOTE="HLN A55, post: 4863, member: 46"] I've considered this for one time and have reached the following conclusion myself... Any trading on a day to day basis is 100% speculation and should be treated as such. It's a risk that people calculate on a number of parameters.. ALL of which have nothing to do with the relative strength of the company or it's earnings/dividends etc. Think of it in the same vein as lottery number picking systems :) I've watched stock for some time that has a weekly cycle... close strong on Friday, dip Monday, Tuesday, plateau Wednesday and rise again at the end of the week... I can say with SOME degree of confidence that I can predict where someone COULD make money but in the end its the same as I said earlier... 100% speculation. THAT is why investment firms don't do it nor do pension fund managers. You'd make more money with a $75K investment that you nurtured into a 10% return for the year in the long run... It's same for people that speculate what the price of oil will be from week to week... month to month... and THEN what happens? The price of oil gets hit by a totally unpredictable event and EVERYONE gets proven wrong. I guess in conclusion I'd say that if you're going to do it, go ahead and go for it now because there really isn't (in my opinion!!) any more knowledge to have with respect to day trading... it's more like playing the odds than anything else. You've got the same odds playing blackjack with your $10k... Like I said, I wish you all the luck in the world... keep me posted!!! [/QUOTE]
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