josephhawkins

$IBB facing resistance at 335 and still overbought on 5 minute

Hey, I started "day trading" with $40 000 CAD 3 weeks ago. I am up to $46 500 which represents an increase of a little more than 15% overall. Note that I am limited to 1-2 trades a week (since I have to wait 3 days for my funds to become available). But after reading many specialists say 90% of traders lose money, I am under the impression that this is just the luck of the beginner and that I will eventually lose all my profits in the near future. So am I doing something right or is this just the luck of the beginner? PS: I do not make random trades so I am not gambling. I usually hold a few hours but sometimes will keep 1-2 days.

Gold channel clearly broken.The mid channel support held and bounced. Any retest of channel is a short $XAUUSD $GC_F

$CPA closed down 3.74 percent on Tuesday, August 25, 2015, on 1.61 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, its oversold condition may remain that way and should be discounted.[ATTACH]40042[/ATTACH]

$CPA closed down 3.74 percent on Tuesday, August 25, 2015, on 1.61 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, its oversold condition may remain that way and should be discounted.

No stock has infinite liquidity. The more money you have to invest, the fewer opportunities will be large enough to absorb your capital, broadly speaking. In other words, in the stock market, volume matters. The larger your investable capital grows, the more you focus on large companies, which have already realized much of their growth potential. The biggest upside is to invest early with companies while they are still small, their growth is still ahead of them, and most investors haven't realized it yet.

There are many resources that you can use to get more information on day trading and also get other perspectives on the market and what strategies people have been succesful with. I'm still learning about investing and fairly new. I've been watching videos about stocks on youtube and it has been a tremendous help throughout the learning process.