| | | Welcome Lou ... would be happy to have you. I've been active in the markets since '89, started this thread in the later 90s and it was a top 5 thread here on SI. But over the years bursting bubbles, me doing less trading, etc. led to far less activity. But I still use it to discuss trades, investments, strategies, list all my trades, etc.
I'm mainly a buy and hold investor now but will always trade around positions to take what the market is offering at any given time. More than anything, I've always loved the community aspect of this site and sharing objective information for the good of all. Would love to see it return to some posts by others than only myself. Since early retiring 4.5 years ago, I've been far more active. A lot of opportunity for like-minded folks.
So, I'd love to see your continued contributions. The only studies/trends I use anymore are some simple moving averages, support/resistance poitns and the MACDh. I've found I can be quite successful by minimizing the data to what I have found works best.
Congrats on that good trade. The stop loss is such a powerful tool to limit those bad trades. What many fail to realize is that if a stock moves against your expectation, you were already wrong once and that should be your trigger to exit the position ... as long as you aren't building a swing position over a longer period of time and willing to average lower. But it takes discipline to realize when you need to stop averaging lower and it's time to punt. Because of today's volatility, when it comes to taking call positions, or even long positions for that matter, I like to average in and wait. It's not often I take a true day trade anymore unless something just runs away after I purchase it.
I used to be a big trader but those days are behind me. Now I look for good trends, good income, good companies and then let the entries come to me.
Thanks for reaching out and hope to see others follow.
J |
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