SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Trader J's Inner Circle
NVDA 182.55+2.0%Nov 24 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Trader J who wrote (17)11/1/1998 3:47:00 PM
From: Mike McFarland  Read Replies (2) of 56535
 
Thanks very much for your response.
Your $500/day target does not mean too much
to me since I don't know with how much capital
you are working--but congrats...that's certainly
a number you can live off of if you can sustain it.

You say in your profile that your do have some positions
"out of necessity"--I take it you have losses in some ideas
which you are not willing to take? I held two stocks with
losses--I decided one was a dog and dumped it, the other
I think could pay big...should I double down? {;-)}

Set a realistic goal for what you want to achieve
That seems to go against the "let profits run" adage--
do you mean to say that if a person has a goal of say
1k/wk they should quit when they reach that? My guess
is there are periods when general market conditions
make it easy to trade for big gains...if a person trades
like crazy then and stays out the rest of the time they
should do well...but I guess that is the whole trick.

The market in general has come back from it's correction
quite nicely--I wonder if we are getting close to the end
of that rally and now would be a good time to slow down
on the trading. That is my guess anyway...what is yours?

-MM
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News