Tara
I've done my share of BB stocks,made $$$ lost some $$$$$
To intense and you have no control at all except for a quick
triger... I love DT but I don't feel I have to trade
everyday. I trade on news, CNBC talk, or rumor......
I have learned to walk away from a trade that don't seem
right to me. I try to have as much positives on my side as possible.
When I do DT , I'm there to watch it tic by tic......
What I follow is
Trade stocks I only know...
Trade stocks that are solid cos.
If I get caught in a trade the wrong way and I decide to hold, it
will be in a co that should come back soon...
I don't jump on hype.....
I will go into a momentum trade if the vol is
strong enough..but will exit soon also..
Over the years I cone to know a lot of co. by
doing solid DD......I read IBD, magazines,and follow
earnings reports in IBD and keep a list of up and coming
co. for future trades,,,,You can make a ton of $$$ off
of a couple co by trading them, once you get to know
their charts...Don't be afraid not to trade.....Watch
co charts for right time. Follow other posters and do
paper trades on them. Position trading is taking a position
in a stock and knowing why you did..Maybe earnings report due
soon and by you following the co,can expect good earning or
maybe contract news to follow.Buy cos in the hot sectors and go for first tier co if you can.It all come down to doing the best DD you
can.....Example I bought BILL on Fri because I know the co and
the down grade by Leheam and the drop in price from $16 to $9 5/8
was not called for. BILL just reported good earnings and are getting
more contracts.The future looks good. So I will hold for while.
Gotta go to my real job. Hope some of this helps
Reguards
Banchee |
