[ strategy - type of ] Hey, Sue.
>>To get to know me...I will explain how I trade...
number 1. I am a great risk taker...but not yet smart enough to get out when a trade turns bad.
<<
I sometimes, later, find myself buried in an Issue even after I notice it is starting to turn bad TA wise, especially if I really like the Issue and forget to pay attention to the Chart because I don't believe that an Issue I like will actually do a Fibonacci Retracement or a Diastolic Wave (if ya don't know don't ask) and because that scenario doesn't seem like a possibility at the time of my decision to invest in the issue.
[ how's that for a run-on sentence? ]
It sometimes reminds me of an old fairy tale. The one with the phrase ... Nibble nibble like a mouse who's that nibbling at my house? I think when they nibble away the price of an Issue it's the worst.
[ remember to set Mouse Traps!!! ]
High Hopes simply don't cut the Mustard when the Chart starts saying sell. Emotion which is contrary to rationale sometimes keeps me in.
That's the Worst Mistake I've made recently besides Averaging Down.
>>2. I day trade...not usually more than 3 trades per day
sometimes none at all<<
I Don't normally day trade at all unless I have a % Gain that can't be refused. There's nothing like taking Profits!
I need to learn to let the profits Ride like the Analysts suggest. ...
Just Kidding. Remind me not to both mock and/or follow them.
>>3. Mostly I short term trade...trades from 1 to 4 days>>
Same here but I don't limit to 4 days on some I really like ... see # 1. [ insert reminder here ]
>>4. If I suggest a stock as a buy here...I expect it to go up almost immediately, BUT after the initial move up, if it does not continue up, I will most likely sell at breakeven.>>
If I suggest a stock I fully expect it to go up within 30 days and have little downside risk but start on it's journey quickly. If it's starts down I want out ... unless ... see #1.
>>5. Intermediate trades...on stocks...that I KNOW, and have followed and played regularly, but do not have the timing down pat...so those I will let fall and recover...because I am sure the profit will come ...just poor timing on my part. 1 month to several.>>
Sometimes ... If I really like a stock ... I get afraid to trade it because I want to be in the Issue at the Best Price Position !!!!
[see #1]
Remind me not to like a Stock anymore ... OK? I mean Stocks are just paper. Stock Certs come from trees unless you fail to take Delivery of them. If you never take Delivery it's hard to tell what they are made of. :)
I like Trees. Remind me not to like paper ... except for the specific benefit it can provide. A Vehicle .. A means to an end ... [ no jokes about paper and ends .. ok?] ... A step on the ladder ... etc.
I'm happy you enjoy the Thread ... We are Glad you are here too. Thanks for *Your* contributions, Sue. I enjoy them and learn from them.
I'm reading all your posts .. and following your logic.
And as Chevy Chase would say ... "I like it."
Ray
>>> ps...I see You are number 5 on the SI HOT threads lists...congrats :o) >>>
Yeah, Well, we'll get there to #1 someday soon.
Stay Tuned!
Disclaimer: No matter what happens ... there will still be many Stock Issues that captivate the the minds and money of the traders.
That's just the way it is .... I think. |
