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 : DAYTRADING Fundamentals

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TraderAlan who wrote (1277)6/22/1999 8:15:00 PM
From: Jerry Olson  Read Replies (1) of 18137
 
Thanks Alan...

i've been thinking about this hard lately...i have a very good stock sense...good selection and entries. with a tendency to sit in the trade too long...greedy<g>...bad move...costly..

example...yesterday i buy 500 CNET at 51 1/2..i hold it over night, sitting good..(in the money) so to speak..it hit's 56!!! i don't sell, DUH!!!..tank city...no target, or more like no shorter term target..

i had resistance much higher..but the market rolled over...

i have to make a set of rules, that are "Un changeable"...no matter what...haven't done that yet...

trying to see where my pain tolerence is....not sure yet...but i did not like the feeling of leaving $2000G's easy money on the table...

i had a clearer picture of NTBK, bought it at 34, sold it at 38++ definate resistance there...easy to do...wasn't looking for higher numbers...CNET i had 62/63 for the number...

maybe if i use the larger target, BUT, hit 4 points inbetween, say goodbye anyway, or place a very tight stop right there...hmmmm....

watcha think???
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext