Why day traders and permabulls don't mix -
posted on
May 16, 2008 06:17AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
From InvestorHome.com
Day traders were described in the preliminary prospectus for All-Tech (filed in 1998) as those who engage in the buying and selling of securities many times during the course of a day based on short-term price volatility. They typically close out open positions by the end of trading day in order to manage risk when the markets are closed. Positions are sometimes closed within minutes of the initial purchase or sale.
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So we can see there is a fundamental difference in objective between longs (permabulls) and daytraders.
Daytraders make money on the swing, and try to profit both up and down. Due diligence on the company is not required nor relevant.
Longs base their long term investments on due diligence of the company, and suffer the down days in anticipation of greater profits ahead.
Naturally, these two investor types will clash, one, the day trader, hoping for price movement up or down; the other, the long, suffering the down days with good cheer because of their faith in the future profits.
The sites on Agoracom are designed for longs, not day traders. Each site does its best to promote the featured company and help the buyer to do their due diligence with timely news releases and other important data. Day traders should not be surprized at being rebuffed, since they have no belief in any one company.
BK
BK