LindyBill's Ballroom Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : LindyBill's Ballroom

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LindyBill who wrote (5)	9/29/2001 3:11:25 AM
From: Mathemagician	Read Replies (4) of 248

Hmmm... I opened a small intermediate-term long SEBL position today at 13.07 on the strength of a short-to-intermediate term 2B, a relatively (though temporarily) good P/E, the settling down of the crisis situation for now, a good risk/reward scenario and a gut feeling. GTC Stop is set at 12. Target is 15-20. i.e. at 15 I will increase my stop to lock in a small profit after tax & txns and after 20 I will follow it up with tight stops. In between, the stops aren't as tight but always there. Looked pretty good for most of the day, but sold off for the last hour or so and closed at 13.01. Still, once the wheels are in motion I'm a spectator until 15. I would say that my most glaring personal challenge (read 'weakness') that trading has exposed so far is that I just don't like being out of the market. I wouldn't call it impatience since once I establish a position I generally let the scenario play out. But when I'm all cash, watching the market is sort of like watching somebody else's kid play ball. It's not bad, but more than anything it just makes you miss your own kid. Know what I mean? M

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next