Thank you so much for the corrections.
Will the Trader's Protractor (for which I am mailing off tomorrow ) Help me do you think: will it be easier to read perhaps (and not so changeable) as my coffee filter? (Although the coffee filter is fun: just as last Christmas Ted decided to make an apple-cranberry pie at my daughter's house and there was no rolling pin and he used an empty wine bottle. It made a wonderful scene. The coffee filter protractor is like that, if you know what I mean.)
Now, had Qcom broken through the 56 point, it would have imperative to sell it and not buy more, right? Because at that point, having no support whatever underneath , it was not a "buying opportunity"?
That is another thing we semi G&K people have to get through our heads: there are times when buying on dips is dangerous.
Did you see the chart, tragic but hilarious really, that someone had on the porch on Qcom yesterday? It shows "what happens when a stock goes up too fast and starts down"...and it shows an inverted U with "Help let me out of here" stuck right in the middle.
Great how people can place humour in the midst of sorrow!!!
I now realize the immense importance of time. How long did it take your stock to double? How long did it take your stock to triple? Hold on there!!!!
It reminds me of an IBD front page lower right hand article (they are great: kind of like an ongoing class): the headline read " Short bases have a history of failure". Well Qcom had a very very short base.
This week I am revamping my portfolio. Using this rally to sell many stocks and options, some at a nice gain, some at a loss, to stick solely to my 12 stocks. It's enough to watch, especially as I don't have the time I should.
I am once again aiming to stop working next March 1st: I think I can make more money at the market anyway, then I do working for someone else.
May I ask you from time to time if Qcom is at a certain arc, to see if I'm interpreting correctly?
Freeus |
