Sorry-fundamental analysis has NOTHING to do with active trading. What did a high PE have to do with the 8 point correction to long side earlier in week? Zip that's what- and the same can be said for a myriad of other stocks.
This is ignorance. You should never ignore fundamentals when trading individual stocks. You can ignore them on baskets, but definitely not when trading individual stocks versus ETF's.
Ridiculous. Trading is not investing. U couldnt be more wrong. Care to explaing how a stock with a 100 PE can correct at a swing point? X Clueless...
Hey bw-- Would u like me to show u some stocks w/ single digit pe ratios where u woulda lost your &$$ going long??
come on, all you great traders.... pls do have compassion for trader like neke.... it is like a hundred volcano imploding within him, everything that his better self touches, turns against him.... we all are looking from outside the box and could see clearly what have been happening. but neke is there by himself within the thick woods, and everywhere he looks.... there are only trees and more trees in front of him.... neke could very well comes out of this woods, if he would only allows himself to just be himself looking back to what he did the first enormously successful years.... neke, just pull yourself together and put yourself in charge again just like what you did so well in the beginning.... neke, do it.... my friend! just put yourself in charge! take back your leadership and ownership from your emotions. neke, you are in charge, ok? no one here can do it for you. with your passion in trading, you could make those back within a year! many old timers here accumulated more than six-figure just within last few weeks, while every dicks and janes were complaining how bad the economics and markets were.... neke, i believe you can do it all over again. you have shown us here that you are full of the right stuff and an unquenchable fortitude. just take off to tibet or somewhere remote where you can enjoy all the luxury in life, for a month or so, with your best friend.... and when you come back, we all will still be here to render all our moral support and whatever you need to recover whatever you desire to recover. just to assure you that most would be here, many here have been in the market since before 1985.... just imagine that! go away to seclude your good self and have fun to the extreme for however long, it won't cost you more than 50k for a month in luxury.... on the flip side, you would end up in the statistical pools as just a series of number precedes with a giant N.... neke, what is it going to be, our trading comrade? going to take responsibility for yourself so you may become a great trading example for generations to come? you are the absolute master of yourself, K? (katherine, void the $750 receipt. this last one-half hour analysis is free for neke with the hope that he would return much greater and much more enriched then, than tody!)
I am not going to tell you what to do, but from my past experiences of big drawdowns, the temptation is to make it all back quickly so you can feel better. You have to get rid of that emotion and build up the account step by step. It will take time to get back to your previous highs. DO NOT RUSH. But also don't go on a month long vacation or take a long break. You will feel miserable about doing nothing while you are down. The only way to rebuild confidence and put yourself in the right trading mindset is to trade. Be very selective. When the golden trading opportunity arrives, take the trade. If you have a winning edge, your trades will be high probability and you will start making money. But you've got to be selective and take only the best trades. When your confidence is down, 55/45 trades don't help. You need 70/30 trades, where you have at least a 70% chance of winning. Good luck.
Good idea.. the markets are very volatile at the moment so counter trend turning points are very hard to nail.
Isn't neke still working a full time job while trading on the side? My point is there are traders doing this full-time for years having a rough time of it right now.