I've no idea where CORL (the stock) is headed, and neither does anyone else. They're all just guessing, and sometimes some of them are right. I'm long at (cringe) 33, but I was long at 26 a few days back and thought I was gonna have to take a big hit when it dropped to 18, but then it came back and I ended up selling at 29. If it goes back to the teens, I'll probably dump it, lick my wounds, and move on.
OT,IMHO, with apologies,etc., I offer the following: Alot of people who daytrade, or try to, neglect position sizing, so they're devastated by every loss. I was lucky enough to learn the importance of position sizing from a trading book before ever making my first trade; and I feel it is one of the best things a person can know about trading. About 1 out of 3 of my trades is a loss, but the average is nicely on the positive side.
Apologize that this is more of an answer than you asked for, but I'm fully positioned right now and a little bored.
Good luck to you. |
