innovest_11
Registered: Oct 2006
Posts: 226 |
04-01-07 09:00 AM
Having been scanning and looking at thousands of charts for some months already, keeping track of at least 500 stocks, but hold only 4 or more stocks. Always keep scanning for other better stocks,
but find it very tedious, but at the same time, don't want to lose track of any good stock, so any good advise u can give?
Also have been switching strategy from 5 days play to 20 days play, and picking bottom, each strategy has its weakness and strength, so i pick stocks based on these strategies, but in the end, find myself back to square one, no profit and no loss, what's the point of wasting so much energy?!
Sometime, u buy today, then it drop tomorrow, cut loss, then jump up the next day, some time u will win, some stocks u lose big on some news, cut loss again, some u win based on general market up, earning result, then sell to keep profit, to find it some months later, it gone up by 40% from the point u sell.
The winner is only the stock market operator. And find the only strategy to win is time. Meaning don't cut loss at all, hold forever. Buy above 3bn stocks, bigger company. Then will not get whipsawed and in out so many times to find myself back to same spot. Not to repeat anything but this is my story.
Sick n tired, maybe should only trade during uptrend market, but who knows when is uptrend or downtrend market, till downtrend happen, and one can say, play shorting, but shorting is too fast, by then time u want to short, too late
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