Not always out when stocks turn; happened to trade this one right. MSFT news always good for point or two run in stocks, then they return to where they were before. I stated nothing but facts, which was that it had good momentum, busted through 15 on good volume, and was a good pick (ie, it made me $$$).
I do state the negatives in my trading, but I don't believe in killing momentum of stocks. Since I sold at 15, I wasn't going to say "hey, I'm out, thanks for the ride"... you know why? bcz everyone else would think it was time to get out too, and they would bail.
You wouldn't be whining right now if it ran to 16... instead I would be the one looking like a chump for selling to soon; not holding forever thinking they were going to overtake MSFT.
I lose money, but not often. Here, I'll disclose this to you... I lost a 1/16th on WIND today, you happy? But up nicely in FFIV and scalped PILL and AWEB.
I guess I should start posting at the "No Hand Holding - Picks Only" Thread. No one cries over there. Then again, no one cried when I gave FFIV at 18 1/2 yesterday, or ACVC the day before at 14 1/4 and watched it run to 18 1/4.
Do your own dd.
Regards,
Jason |
