Hahahaha, GS40, we must have the same family members:) I have a family member who said when crude hit $60 "if I had a million dollars i'd plop it into crude as it will move up 50% very soon, guaranteed. He has never traded a stock in his life...........hasn't said much since the slide to $45 either............nor does he know what contango means.....
others have said:
"djje, why don't we all just buy the .35s and sell the .54s?, it's simple, just make a few pennies every day".
I have a simple response for them "from $7.42 downwards, was $6 not cheap enough? What about $5? $4? $2? $1?????? Surely .50 cents was the bottom, right??? .25 cents???? Nah, .15 cents was......even with TA it was hard not to buy on it's way down. I was lucky to first start purchasing back at .30 cents and downwards. Others weren't so lucky.
I have made my investment living on TA and trading, and I do rather well on it, but at the end of the day, news trumps all and anyone who thinks they can randomly flip for pennies with no TA and just on a 'hunch' will inevitably lose a lot of wealth in the process. We must always ask ourselves if our winning trades were skill, or just flat out luck. Luck runs out at some point. It's an awful lesson to learn. Good luck GS.
djje
