tag:blogger.com,1999:blog-5675747790038131091.post8520873685554609147..comments2010-01-11T12:08:17.595-08:00Maria Palmahttp://www.blogger.com/profile/13312421033720261560maria@salondemaria.infoBlogger2125tag:blogger.com,1999:blog-5675747790038131091.post-40462451385366065722010-01-09T07:48:54.261-08:002010-01-09T07:48:54.261-08:00Thanks for the link and mention. <br /><br />If I may clarify, there are independent traders, and among this diverse group, there is a more specific group known as day traders. <br /><br />I&#39;m very rarely a day trader. However, there are the rare good luck days when a stock will pop 10% after a purchase, then maybe I&#39;ll take my gains and move on. As you could imagine, this happens very rarely and usually something major is going on within the market (e.g. the crash in Oct 2008). <br /><br />I&#39;m a fairly risk averse guy, so 99% of the time, I&#39;m using a &quot;buy on the dips&quot; strategy that takes weeks or months to see a profit (if at all). <br /><br />Daytrading is fun and exciting, but it&#39;s been proven that only 20% of day traders can make money over the long term. Since you&#39;re a longer term investor, I&#39;d suggest starting a stock market simulation game where you test out your trading strategies first, so you&#39;re risking any of your own capital. It&#39;s also good to remember that fake money doesn&#39;t translate the same emotions as real money, so take this into consideration.Matt_SFhttp://www.blogger.com/profile/02136595245613316721noreply@blogger.comtag:blogger.com,1999:blog-5675747790038131091.post-46780421611559271402009-07-01T22:36:33.609-07:002009-07-01T22:36:33.609-07:00Great Tip, I appreciate your advice....Thank youGold Forecastinghttp://www.rickackerman.comnoreply@blogger.com