well, Lee, OK!
You smoked me out=g=
Lee and all - I stopped posting on all of my favorite haunts for a reason -
I wanted to make money.
I decided to stay away from chat rooms, news sites, opinions, predictions, etc, etc for a while and only trade the charts. I was totally confused by all of the info. When the Fed stopped the 30 yr bond, it was obvious that they were forcing the market toward equities. Money funds are useless.
Anyway, it helped me a lot.
The following is when it hit me -
I've followed ADBE for ages. Love the stock. When it dropped ah on Oct. 30, I watched. I bought pre-market Oct 31 for a price so good that it doesn't even so up on the charts, $23.75. I sold that day at $26 and was thrilled.
By Nov. 7th, it hit $31+.
On Sept. 20th, I bought AOL at $29.70. Sold at $31.60.
It hit $39 on Nov. 14.
Bottom line - I was lucky enough to buy three stocks at their bottoms and didn't hold. I could have/should have put stops and held.
So, around the first of Nov, I decided to start trading the charts as I thought I could. By reading everyone's opinion's on market/economy direction, I was losing focus on the one thing that we all are trying to do - make money.
Bottom line - I've done well. I closed all of my longs (don't short) last week.
We'll see if that was a mistake - VBG
anyway - I'm back!
(and I think we see dow 10,200 before we go down-if we go down -how low we go? I don't predict anymore)
edit - hope you all had a great turkey day! |
