because for some reason I am bothered by this whole thing.
Huh??? Have you lost money? Have you been sitting on the sidelines, on your hands?
I also didn't get too many responses about trading this stock on my original question regarding is it all about getting in/hyping the stock/and running out before the dumbest traders enter?--and then leaving them to hold the bag? Is that all this stock is about? Is that why you played it? Then what is the satisfaction of that--just the money?
It is, I believe. Whether it is a big stock, or a small stock. Volatility or % movements may differ but in general it works similar.
Look at QCOM, recently it hit $406, but now it is a bit lower. Many persons bought the stock higher, perhaps because it looked "good" and can run more.
It is, as you say just because of the damn dollars...Name me a different reason why half a million people sit down day by day and go $$$ hunting on their home PC, even when the sun is shining?
Secondly. Trading a stock is like going with the crowd. Would you buy a dead dog noone is interested about, if you are a short term investor. Perhaps, if you make believe yourself that just this stock has to move very soon... Odd.
So, many traders jump stocks which have moved move nicely, and especially when there is limited or negative supply for some time, then price moves are quickly amplified. Many of those stocks never look back, but some may indeed be grossly overvalued even before they rise.
There is always the possibility to find a real undervalued gem in which absolutely noone is interested, but the company does great things... but that is hard to achieve, and right now the money is to make elsewhere.
For the time being you trade "commodities", just - stock symbols.
And I think making great money is good.
But I got to thinking a bit about morality today. It seemed like the word that kept coming up with ADSP. And I thought I have never examined what "morality" is in trading.
You bet. As you say yourself making money is good, making great money is even better.
I am just today, the day after thanksgiving, thinking about morality and the market and trading and wondering if there is any of any sort or it is just "no holds barred fighting" without a referee which is what trading is all about?
I'm glad that there is no referee who blows a whistle when one stock rises by more then 10% or 20% or, perhaps halts the trading when the float has been turned once, lol. It is wild west and not for the faint of heart. |
