Why worry about what other people do with their money? A friend of mine suggested I take a fast profit on one of my picks. I did and the stock has tripled from my fast profit sale price. Buy the shares they dump right here. I think near term $3.50 is as low as it's going. Long term, they will be worth a lot.
chelle- I'm still long GTAT, but you need to watch out for yourself in this market. If that means to trade with the ebs and flows of GTAT's stock price then that is what needs to be done. Just because I trade GTAT (sell when I get a nice gain and buy when it drops more than it should) does not mean I am gone forever. I still have a core position in GTAT and a long term time horizon with the company, but I can't help myself to make some profits along the way. I'm not sure why you aren't doing the same thing since you seem to have a very good feel for what the stock is about to do. You and I have been to this movie so many times; GTAT 1-20 I am just waiting for the final episode when the guy gets the girl (GTAT gets their big contracts).
If you don't understand, then you need to re-evaluate how to make money in the new market.
$(10,000 x 0.5) is a good don't you think? in & out in less than 5 minutes.
I buy and hold & i can't make 500/month profit. I think buy & hold is only for people w lots $ (i.e Buffet). Or people just want to have 5% return annually.
you make $(10,000 x 0.5) just as easily as you lose $(10,000 x 0.5), that's the point. When you trade, you always repeating the same risk every day. Why do you think you can beat the market consistently? How is what you're doing any different than putting $10,000 on the red?