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  4. Rocky Mountain High Brands, Inc. (RMHB) Message Board

Wrong genius. A day trader does, but luck still ne

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Post# of 75360
Posted On: 10/27/2015 1:23:57 PM
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Posted By: adirondackhi
Re: Crawford 04 #11645
Wrong genius. A day trader does, but luck still needs to be there even if you're loaded and using multiple day trading accounts. The stock can just as easily turn around after your market or limit stop sell is executed leaving you with a large missed opportunity that you wouldn't have missed if just holding long term. The only way around it is another account with a similar buy order set to fire at a specified drop, which it hopefully reaches. My primary account limits trades to blocks of 50k and imposes high premiums. It's not a day traders account.Buffet doesn't chase his tail day trading and he makes nice gains, he just doesn't need them to be instant. I've made money that way and lost it that way, like most day traders, and it takes too much of my time. Triggers aren't perfect in volatile investments. I've never been worried about this investment from the time I entered it as it was primarily a buy and hold investment. You don't have to like it, I don't give a crap. I know better, but I also know that those with low risk tolerances and poor judgment shouldn't be bragging about their investment genius while investing in pinksheet stocks because it's no place for them anyway.


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