When a stock spikes up two second after I've bought, let's say a few weeks ago when I bought WPT at $17, it jumped almost immediately to $17.70. In retrospect I should have sold right then, but I was still thinking of placing my stop, and within 15 minutes it had fallen below my purchase price and never stopped heading down. I bailed at $16 on a call to the broker, not a stop. I can't seem to ride a stock up to its potential, if there is any. And I'm never quite sure where to place a stop loss to ensure I don't get stopped out too early. Well, lately my stops haven't been tight enough. Sometimes I'm so confident I don't place a stop, and lose big time. I've been studying, but I've taken a breather from day trading lately, and have been buying and holding stocks like DMX, AXI.B, GLE. I'm not sure if its my emotions getting in the way or my developing ability to read indicators.
ET (Extra Tupid) |
