RE: Pilgrimage to the promised land cancelled, pmsl13 Feb 2021 12:24
Rob/Dunnie
I see your still misleading people as usual that LTH is the only and best way to win
Well take this trading example
We are at 40p .. it bounces to 80p - We are all 100% up. Traders are reading the charts with Technical indicators/Elliot Waves - whatever folk use to ID the peak and sell some shares - for sake of argument - lets say all
Share returns to 40p - LTH's = Zero gain, Traders have made 100%
Now the reality of of it two fold
40p to 80p is full of bounces, if you trade them succesfully you will be at 161% not 100% at 80p - but that is hard to do so realistically you will be at 125% lets say. At the peak you might only sell half of your shares.
When it returns to 40p - half of the shares are up 125% - rest are up a few %
Lots of bounces in this share the last year - hence people can make a fortune if you have the time and skill
Its not gambling - skill reduces the risk - effort makes it work, few days ago I predicted a mini push to 2200p and it hit 2199p - thats not luck - thats a fibonacci projection - did you sell any then ?? and rebuy ?? ... to be honest neither did I cause I was eating !! haha
Is it risk free - NO!! ... does it take a lot of time - 10Hrs a day - every day
Did I have to learn **** to do it - yes, lots of courses, and hours and hours of pulling my hair out trying to work out the maths and learn the indicators
Do i suggest we all try it - NO! .. do I ram it down peoples throat - No!
I have said this before - LTH is one way - Trading is another way - Day or Swing trading
Room for all techniques on this BB and all folk
So its about time we allow everybody their voice and opinion - positive - negative - Choo Choo - When we win F1 - drinking Kenyan - Gender changers - LTH - Traders
This board posts some great info and links, I love some of the stories, people funding cars, using house deposit money - etc etc
Between us we have all come a long way - rocky and fun journey, I think we all have a passion for AML and want/need it to work
So I hold out an Olive branch to the AML BB world, that maybe we should just be more friendly and accepting of each others views and techniques ready for when we rock up in few years time to celebrate our spoils
I love this BB - It has taught me lots. II love AML and being part of the story
I'm off now to read Carpy and Richards 'volume' posts because they are useful and interesting