I am a newbie ( otherwise why would I be here). I Have been trading from around May, doing ok by only going long and not staying in the market for too long and profit taking often and only trading blue chips. Now I have been caught on this last down leg ( Stupidly I thought congress would sign the first time and so wanted to wait for the spike duhhhhh). Anyway I don't need the money that is tied up and am only sitting on around a approx 20% loss, and because they are blue chips and great companys with great futures etc I am not worried and happy to invest. But what I have been doing lately is intra day trading and not holding overnight either taking a loss (stop loss) or taking my profit. Now I come from a family where my dad has held BHP from around $3.50 (god love him) when I told him what I have been doing He told me you are playing with fire girl you got to hold them and dont trade with money you don't have. My question can any one see why I cant buy orica today at open and sell at 18.00 and make around $400 dollars on money I dont have if I am prepared to pay for a loss of $100. and get out if it comes to that? A really stupid question I know but all my contacts say I am a fool.