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

To: Sun Tzu who wrote (8515)	4/21/2024 12:07:24 PM
From: Sun Tzu	Respond to of 10711

As an aside, it is important for all traders/investors to keep a log book of what they did and why so that they frequently review their process and improve it. So let's have a look at how the stocks in that list did after I said they are short candidates. APPS@17.44 ==> 1.85 PRM@ 10.83 ==> 2.79 before a buy signal ~3.55, now it's 7.02 EQX was without a sell signal. It went higher and selling it was a mistake DOCS@35.38 ==> 19.71 before bouncing back to ~32 then falling to now 24ish. ABCL@11.91 ==> 3.87 - I'm watching it as a long position. ... ... Arguably I could have made more money shorting and holding them, but I prefer to mostly trade futures and leveraged ETFs. I only buy stocks when I see exceptional protentional. For example, I bought CGEN ~0.60, FATE ~2, and MESO ~2.50. I got out of all three once they started to rollover. But I'm keeping a token position so I can get back in once they bottom. Anyways, the point is that you don't need to learn 100 different ways to trade. You only need to master one. And that one thing can be as narrow as you want it to be. For example you could specialize in trading copper options or specialize in trading AMZN or MSFT. And so long as you keep notes and review and learn, eventually you will get it right and will make it. But trading is a zero sum game. Which means you have to choose your competition carefully.

To: Sun Tzu who wrote (8515)	4/21/2024 7:00:40 PM
From: y2kate	Read Replies (1) \| Respond to of 10711

Thank you. What an impressive list! All winners. Clearly your signals are working. May I ask what specifically was your "take profit" signal? Do your signals usually allow you to get the majority of the move without giving too much back? I see the indicators you have on your charts but not sure what they are... Looks like most of the stocks on the list are lower now a year later- like PACB, much lower- so playing the move and exiting gracefully with your profit was clearly the way to go and probably your plan from the beginning. I see from another post that you're interested in PACB again. Do you play cyclicality with individual stocks within a sector? If it were me, I'm sure I would have been tempted to hold the winners and then watched them round-trip on me, as I've done before. Trying to break myself of this- not everything can be a multi year home run. But looking for some kind of system to help me make that graceful exit. I appreciate your thoughts! Best, Kate