My my my, did everybody have a profitable day? I did well on a GNET trade, making over a point at lunchtime, then participated in the end-of-day run on GNCI, which was mercilessly hyped on CNBC. I'm holding GNCI (I bought more after I sold my fist batch) and CYCH.
Some of you did some great trading on DBCC today. I'm amazed at your learning curves. Even though it ran up at the end of the day, having locked in a good profit by lunchtime is a way to reduce risk. I can't wait to see how it trades tomorrow. I'm expecting gaps in DBCC, GNCI, and a bunch of others that closed very strong.
I also wanted to mention that there are many styles of trading. It's apparent to me that Jeff and I are different in terms of the length of our holds. For me, I've been successful at playing overnight holds and selling into the opening rally the next day. I may or may not buy a stock back during the morning pullback. I also do a lot of "lunchtime dip" buys, selling them after 2 PM when the pros come back for lunch.
Jeff, correct me if I'm wrong, but it seems you're more patient than I, holding a stock through the intraday drama. Do you find yourself repeatedly buying or selling at any given time, as I do?
I'd also love to hear what works for the rest of you. Please let me know. |
