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Strategies & Market Trends : Steve's Channelling Thread

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To: mishedlo who wrote (3108)7/12/2000 7:47:28 AM
From: Zeev Hed  Read Replies (2) of 30051
 
Misheldo, I have said that a number of times, my "buys" and sell only seems so perfect because you remember only the "good one", ELON I bought some at $56 a week or so ago, the $51.5 was an addition and I did not sell yesterday at $57 either. I missed reentry in QLGC at $71 yesterday and probably will have to pay $80, and the list goes on. I sold ONT at around $5.5 a good 25% profits last week to see it continue to $7 (it is back around my selling price, but that is no consolation <g>). I really do not see what you are moaning about, most people I have communicated with complain they are down for the year you are up 200%. If you expect to have every trade successful, prepare yourself for big disappointments. If 60% of your trades are good and you keep increasing your SL (see my continuous commentaries on APH for instance, in since May at $50 and having raised my SL to $59 just yesterday), and in the 40% of you your trades that are losses, you cut your losses rapidly, you will do quite fine. ADPT is a fine example of a stock in which the raising of the stop loss, while not assuring a big profits assures that you not lose too much when a stock turns against you. The holy one is another example, my current SL was raised to $20-3/8 from $16-3/8 just yesterday. If the hollu drops to that point, the profit will be minimal, but at least it will not be a loss, if the holy one is healed and continues to the middle $30 over the next few months, it will be a double bagger (on top of the fourbagger I took on it early this year). These few "good" ones compensate for the losses (like the RMBS loss of $2.5 I just took between Monday's close and yesterday's open).

Good luck and be flexible.

Zeev

PS, it seems as if SI hs changed how it handles ignored posts. Until now, it never showed the presence of the post, but not it shows a post stating it is ignored. From this I see that we have been honored by Johnson few times in the last few days, I have no idea what the posts are about, from other members' responses (yawn's and z's) I understand that I am missing nothing of importance.
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