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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: towerdog who wrote (6064)	12/15/2022 5:50:11 PM
From: Sun Tzu	1 Recommendation Recommended By towerdog Respond to of 10713

LLY and MRNA would be my picks as an investment (not swing trades, though it often works out that way). WDC and MU should make for good swings.

To: towerdog who wrote (6064)	12/15/2022 6:30:11 PM
From: Sun Tzu	1 Recommendation Recommended By towerdog Respond to of 10713

How I do my GTC buys I set my GTC buy targets often months in advance. Almost by definition, this means I am committing to catching a falling knife. So there are some stringent criterias for that. Firstly, it has to be a company that I like. That way, if I get stuck with it I will not have many regrets. Secondly, it has to represent very good risk-adjusted-rewards for me to catch a falling knife. The target is not based on some academic measure of what is a good value. Rather it is based on given the inherent volatility of this specific stock, how deeply into the value spectrum it can go. Now there is an inherent balancing act to be done here: If you set it the bar too high, you may not get a fill. And if you set it too low, then you end up holding the bag on a premature fill. In general, readers of this thread should be able to get a better fill than I b/c I set my prices months in advance you have a chance to choose your entry more precisely. Which brings us to my 3rd point: the initial fill is just the beginning. It's just a signal to me to look up and see what is going on and where should I put in additional entries or perhaps I should cut it loose. This is important b/c I set the order long ago and things may have changed. For example today I got a fill for AFRM. I thought that it would have been filled in Oct/Nov, but it didn't go that low then. So I sold it at market. Setting a GTC buy months in advance to catch a falling knife is an art. Make sure that you are wearing gloves ;)