We all have made same mistake,, I dare you , there is not a single soul ,, who did not place an open market order,, on hype stock that was gapping up 300 to 1000% over night ,, in our beginning stage..
Yet,, people because of their inexperience ,, and greed,, do not think ,, how high it will go .. before placing an order,,
The rule is simple ,, if you missed the position before the gap and there really is no fundamental changes in earnings,, revenue or valuation .. be a prudent shorter ,, rather than joining the madness dressed as a fool ,, not an motley one ,,,
It is our responsibility ,, to keep on repeating ..
No open market order..always use limit...
Do not jumo on gappos ,, I am dumping on you ..
Always wait till 10 AM .. to buy stocks ..
Always sell into opening strength ..
Watch the ticker and live action ,, do not day trade or momentum trade using .. real time only , get a level II,, many are saying ,, 200 bucks a month is tooooo expensive ,, compare to my cable bill of 32 dollars,, meanwhile ,, they lose ,, thousands !!! Because they are flying blind ,, Get a level II if you are serious about trading .. ! |
