|
You know Bill, I have been bearish so long , for so many reasons, that I agree with you deep down inside. The problem is that most of the poeple that have made real money in this market over the past 10 years have done it being long. I want to be one of those people now. To keep myself sane I put in real tight stops and have only stayed long on the ones that really take off (currently TTN, VNWK, VERT, NPIX, WPNE, and CELL) . I adjust my stops every day and actually "hope" I get stopped out (once the trade becomes profitable of course) so I don't have to worry about it. anymore. I know it sounds irrational and all that but it has actually been working quite well. I simply look for something extremely overvalued, taking off from a base like crazy, and picking up volume. Then I buy it if it closes somewhere near the high and throw a stop in at my purchase or that days close , whichever is lower. Then, whenever a new high is hit I raise my stop to the previous days low. This is the most insane method I've ever used to trade, but in an insane market I thought I'd try an insane trading method. I realize that a good ol' fashion "crash" would open me up to alot of stops being hit wayyyyyy down below where I set them but at this point I think I'll make enough before that happens to offset any negative effects....besides I always have a couple of puts lying around for a rainy day.......what can I say, those old bear habits die hard. |
