SI
SI
discoversearch

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 : Momentum Daytrading - Tricks of the Trade
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cash who wrote (590)2/22/1998 8:12:00 PM
From: Terry V   of 2120
 
Cash,

Understanding the reality of what really happened on that trade, will make you a lot of dollars in the future. It is important to understand as a trader, that even though you were wrong the first time in, (or the second or third :-)), if the trade once again becomes worthy, it is still a play. If that happens while you still have a losing position, so be it. The import of the matter is understanding that when you buy again...it has NOTHING to do with the dollars that you originally invested. It is a new position...bought and paid for with new dollars. Conversly, if you already have a position that has appreciated, and the security again meets buying perameters that signal a further rise north...BUY IT AGAIN. And no, you are not averaging up...simply starting a new position with a security that you feel will increase in value...in a short period of time.

Keep up the good work.

Best of luck in all your trading endeavors,

Terry
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News