<Any opinions on what PCTL is up too...Where do you see downside to?>
I really don't believe it could get to 5 7/8 on the downside, if fact 5 15/16 is as low as I see short term. Like you I'm just waiting for the trend to continue.
Mr. Koppel, the author and trading executive, says psychological problems can crop up for day traders not properly trained to handle the wild swings of the markets. "If you're feeling uncertain, the market is going to make you feel even more uncertain. If you have feelings about inadequacy, the market's going to tap into those feelings about inadequacy," he says. Though he believes about 20% of amateur traders can do very well, perhaps even in a bear market, it is difficult for most traders to rationally execute trading strategies when they start to lose money.
Others take a dimmer view. "These people are not investors. They're gamblers," asserts Robert Bontempo, an associate professor of management at Columbia University's business school who was trained as a social psychologist. "Calling this investment is totally missing the point ... It's a casino, and to be surprised when greedy, desperate people lose all their money, and then snap, I mean, who are we kidding? Why should we be surprised by that?"
Don't forget greed kills, leave some for the next guy. |
