No, I dont have real time quotes. I make more mistakes when I watch the prices move. For example, if something keeps climbing, I'll wait for it to fall so I can buy. After waiting for a while and watching the price climbing higher, I say: "Heck, I better buy before it rises much higher." And I buy. After which the thing (you guessed it) falls. It's easier to analyze and make decisions after trading hours.
During trading, your attention is focused on the price movement of a dozen stocks and you forget to check the percentage of rise etc. Also, if it's a stock which you have caught on a volume alert, you might not know beans about it and there is no time for research.
On the other hand, checking out the stocks after close, reading up on them, spending an entire night reading all the threads on it will give you an instant picture of what the stock is about. You can make a cold calculated decision as to how much it might rise, what price is worth buying, what range is a good short sell....whatever. The next day place limit orders at that price and go play ball with the kids. If you were right...good...If not there's always a next chance. Much better returns than real-time in the long run due to fewer mistakes.
Of course, some people have the detached concentration which allows them to make extremely profitable decisions by using real time quotes. Not me. Guess I'm too old.
Cadaver |
