Unless you have inside info of Corporates, it is fatal to try Intraday Trading.This inside info you can have only if you have connection with the Corporate Directors.That means it is only for the Well Connected People.Hence for get it.
Re: Inside Info And Intraday Trade
by StockFundoo on Feb 19, 2013 05:07 PM
Thats a myth. Inside information is helpful for long term trade decisions. e.g. Person who created Mortgage Bonds in USA made $1 Billion by shorting them, because he knew it was worthless. BTW, this is illegal in most cases. However, for intraday and short term trading, looking at charts and learning technical analysis will help.
Re: Re: Inside Info And Intraday Trade
by Balan Iyer on Feb 19, 2013 08:07 PM
There is an interesting angle to it.Society Girl Martha Stew art of New York made millions of dollars on the inside info that the anti cancer drug deve loped by IMCLONE was to be dis approved by FDA, on the streng th of which she short sold her massive share holding.She was arrested and sentenced to impr isonment.But as the paradox would have it, the person who bought it made billions of dol lars as after one year,the sa me FDA approved of the same an ti cancer drug.
Re: Re: Re: Inside Info And Intraday Trade
by StockFundoo on Feb 20, 2013 07:54 AM
yes, so insider info can harm as well. Whereas, charts will almost never :)
