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Strategies & Market Trends : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (6354)	3/31/2009 8:08:54 PM
From: jmiller099	Read Replies (1) \| Respond to of 7944

Quite an interesting take. In the spirit of the daytrade, I can agree with probably all of them. However, I opened a new position today at 3:57PM EST. Whether it works out is to be determined April 17 at the latest and tomorrow on wake up at the earliest. One modification I'd suggest, which has been noted to me a lot these days and that I agree with and do not put into practice. -moderate position sizing , so that you can think straight.. transacting a $50k lot is Never necessary on entry , ease in .. bulk out 1. If it is a single sized position and you catch a doubler, you can take your cash out of it and let the rest go if you don't feel the bulk-out is deserving. 2. Discussing the $50k lot might be in violation of the below hushed position sizings. (Hope those positions sizings are built on high volume stocks, not the thin pennies!!!)

To: ~digs who wrote (6354)	3/31/2009 8:13:29 PM
From: Provider	Read Replies (1) \| Respond to of 7944

I have 3 things that are pain in my trading profits. 1) Buying/Selling at the high/low of the day. 2) Not placing a stop, to get me out if the trade goes against me. 3) Thinking that I KNOW where the next move is. And usually I do all three at the same time when I KNOW that the market will go up or down, get in at an extreme without placing a stop. And because I KNOW where the market is going and have not placed a stop, when the market goes against me, I'm confident my trade will come back to me and inevitably loose a BUNCH of cash. And this usually occurs after a number of successful trades, thus I start getting that feeling that I really do know where the market is going. Wrong! I continue to try watch out for these things, but there is something in the emotional me that takes control a just the wrong time to assure that I'm about to give up a number of days profits in one lousy, ill-timed, unprotected trade. After it happens, I always swear I'll never do that again, but, unfortunately, I continue doing it. Provider