Hey, Art: If you're going to trash my post, at least don't thank me for it. Anyway, the very first post on this thread reads as follows:
"Greetings Rocket Club Members!
We all want to improve our game & sharpen our trading skills.
Can you impart your precious gems of wisdom here?
Please feel free to list ideas, tips, reminders, advice, that you
feel works in the Market.
Most of these seem to be learned the hard way, thru experience,
which can be quite costly at times.
Be honest about yourself and fire away!!"
Note that the post does not request only tips on "mechanical operations" or other hocus-pocus not tied to fundamentals. My post makes a valuable (I think) distinction between selling on a downturn in fundamentals and a downturn on hype. Indeed, you missed the entire point of my post, which was that if I still like a company, I'll double or triple down when it dips -- I only bail out when it falls for significant, fundamental reasons. You might make more money following this "beginner's" advice than by chasing day-to-day fluctuations in spreads.
On the other hand, I am impressed that an expert trader like yourself took the time out of his busy day to respond to a post by little ol' me. Gosh, you must have lost thousands on the trades you couldn't make while you were typing it.
Justin |
