Day stock trading – For the hard fact of Wall Street is that if you aim at only a 4 to 6 per cent profit, the chances are you will wind up with nothing, or more likely with a loss.

On the other hand, if you should aim at doubling your money, then you will probably get a substantial profit, even though far short of your original objective. Mr. Loeb's observation is much like an old Chinese dictum: "Aiming at the large would get you the middle; aiming at the middle would get you the small," or, I might add, nothing or even a loss. The author of this Chinese dictum was perhaps too moderate in temperament to warn more emphatically against too slim a margin of safety in your calculations. Should You Sell on Good News? To wait for a little confirmation through increased price and volume in a stock is one thing; to wait final confirmation in the form of news announcement is quite another.

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