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Strategies & Market Trends : LastShadow's Position Trading

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To: compradun who wrote (11812)3/30/1999 6:08:00 PM
From: Susan Saline  Read Replies (4) of 43080
 
To All:

maybe this should go on the "lets talk about our feelings" thread <gg>

but seriously

these are general thoughts to all:

Many have asked me "why" I post live trading prices

the reason is .... I consider this (SI) a live, on the job learning experience.

reasons for posting:
gives me confidence in knowing beforehand, what and why I have bot ... at the time of the buy/sell

Have a plan ... before the market opens.

Things I consider and plan BEFORE a trade is made:
target for loss (more important than gain target)
target for gain
length of holding period

on a fast gap up stock:
I will take gains as soon as I see it peeeter out. Can always get back in, and re-buy if wanted .... and experience tells me they can fall ever faster than that gap up

reason for trading ... eventually a self paying professional, for personal gains only.

Trading live helps me keep to these goals ... as I really don't want to appear a poor trader to anyone .... least of all to myself

Stock Feedback:
Always welcome here ... even if it's bad ... cause even one traders opinion can be the representative voice for many thoughts.

Thread participants: ... this is a great Team!

sue
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