Be A Better Trader If You Must Trade
You know who you are out there. You call yourself an investor when you are really a trader. You describe your activities as investing when its really punting. You know next to nothing about the stock, how many shares, what is the free float, what biz, what sector, have they been making losses, how close to PN17, who is helming the company, what about the reputation of management, what is their normal net margins, how sustainable are those margins and will the product or services need reinventing every few years, what was the high-low during the last "play", whats the overhang for the stock, and at what levels ... If you do not know remotely any of the above, you are not a trader but a PUNTER. A genuine trader may not know all of the above, but he/she would check quickly. Naturally you can ignore all of the above and rely solely on technicals, but then you need not read my blog anymore. I will cite a few examples of what constitutes good trades and bad trades: NICORP - A sto...