My daily ROI is slight higher than average since I started posting on this board but not by much. I don't feel any pressure posting my RT trades on the board for a few reasons: I've been doing this for 6 years and understand the highs and lows that have and will happen which have a direct affect on me and no one else. I'm just providing my perspective on the market and how I trade. If I have a bad trade that only affects my pocket book which is the only "pressure" that I feel. I'm at a point now that I am much more relaxed and able to see the big picture so each time a stock gaps away from me I don't get whipsawed out and close my position in fear which has improved my returns 10-fold. I've worked in the Direct Access business for 3 years now and have seen traders and clients put so much emphasis on their last trade that a bad morning will cloud their judgement and cause multiple losses like a domino effect. If I started this thread a year ago for example and my first 5 trading day posts were all losers then I would have no credibility with the board. That is the psyche of most traders unfortunately. I'm sure I will hit a loosing week in the near future but the trick is risk management. During your loosing streaks don't be stubborn and continue to hold. Minimize your losses and let your profits run. I'm not talking about home runs either. Stops and target prices are very important to stick to.
I just wanted to reiterate some of the other posters to this thread in saying how much I enjoy it and hope you keep it up, win or lose.
I want to chime in and also say how much I also appreciate your Real time positions. BTW, where in Texas are you?
IMO - PALM - Buy 1 1/2 month accumalation base broke out on Friday's heavy volume. Break out to 6's possible. Support @ 3.40 Target 6.00 ED - Buy Stop @ 40.75 Target @ 46.55 COHU - Buy Stop @ 26.55 Target @ 32.75
Seanote said: PALM - Buy 1 1/2 month accumalation base broke out on Friday's heavy volume. Break out to 6's possible. Support @ 3.40 Target 6.00 Hey seanote... how did you pick the stop on this trade? Its sitting right in the middle of the gap up. Whats your thinking here? axe