Eman93
4,750 posts
msg #83064
- Ignore Eman93 |
11/14/2009 2:06:57 PM
After a wild ride with TWM yesterday I soldout for a dime loss.... will wait for monday
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Walid
130 posts
msg #83065
- Ignore Walid |
11/14/2009 2:37:57 PM
Eman, do not do that. It is the older than dust trader’s trap. When a trade is not working for you, get the hell out. Run, don’t walk. Your trading deamonds are wispering into your ears now giving you every justification to stay in a bad trade. Do you hear these voices? “ Look at the debt ratio, look at this, look at that. I can’t loose on this one, it is rock sold fundamentally” You may get lucky and the stock actually turning your way some times. But if you adapt this method, it will only be a matter of when - not if – you will overstay a loosing trade that will destroy your account. Don’t boil yourself alive like a frog. With every dime down, pulling the trigger gets harder and harder. If your stop was hit, just get out. I wrote this to myself in my trading journal few years ago when I had to rebuild my account from the ground up again. Don’t learn the hard way. Wish you best of luck
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Kevin_in_GA
4,599 posts
msg #83066
- Ignore Kevin_in_GA |
11/14/2009 2:55:40 PM
Walid: sounds like he DID get out of that trade (at a dime loss). Just what you were suggesting.
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Eman93
4,750 posts
msg #83067
- Ignore Eman93 |
11/14/2009 3:49:29 PM
I have been fighting between too tight a stop and too loose...... If I use the previous swing low I will only risk a small amount but if I use a tighter stop I will buy a larger position...
In my opinion DPTR will hit 3$ by this time next year....... thats why I am still holding.
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Walid
130 posts
msg #83068
- Ignore Walid
modified |
11/14/2009 3:50:27 PM
My post was regarding DPTR.
//////////////////////////////////////////
DPTR may have bottomed ...... for the record I am in this and taking a beating...
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The dime one was TWM. Just read the whole thing next time
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Kevin_in_GA
4,599 posts
msg #83069
- Ignore Kevin_in_GA |
11/14/2009 3:55:43 PM
Perhaps if you had included his specific post on that it would have been clearer? Based on the fact that he had subsequently posted on a separate trade, your response was not necessarily to an earlier post - hence my confusion.
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Walid
130 posts
msg #83070
- Ignore Walid
modified |
11/14/2009 3:58:52 PM
Like I said, try to read a little more next time. It was pretty obvious that I am talking about a trade that is still alive.
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Eman93
4,750 posts
msg #83103
- Ignore Eman93
modified |
11/15/2009 5:57:27 PM
Thanks Walid.... I have been so good a dumping losers fast.... this one I gave too much rope to... if I get hung I get hung....
I dont have very much tied up in it but money is still money and I dont want to lose.
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Eman93
4,750 posts
msg #83107
- Ignore Eman93 |
11/15/2009 7:24:47 PM
use this filter on those oversold days like OCT 30 or Nov 2-3
The problem is you get a large amount of hits on those days so how to pick?
Should one not just swing the 3x or 2x etfs? individual stocks could run higher but do have more risk...or you could pick the bad ones.... how to pick? Chime in anytime anyone......
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Eman93
4,750 posts
msg #83323
- Ignore Eman93 |
11/21/2009 4:17:52 PM
Here is my prediction for Monday....... we go lower or at least test Fridays lows and then rally Tuesday and Wed... so we can all enjoy Turkey day... The charts are not oversold on SPX or DJIA,,, so we have room to go lower which would work out perfect for a big bounce into Wen and Fri.....
I am in luck because I will be off all week and will be able to trade the open every day...... I need to make some coin so if any one has some good picks feel free to share......LOL
I like DE, WLT IO and BAC..... I would sell DE before earnings on Tuesday AH.....
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