long gm and HAL? both are in a downtrend wait till an up bar to enter with some kind of support. Sold HAL like a week ago Stock was just acting right + Too high.
The key to making a lot of money. Is to innovate Today was a fantastic day even though I didn't trade that much. Like anything in life, To stand out, you need to step out. Out of nowhere, @ 9:55 PM EST 2/6/2005, I figured out the most RISK FREE ENTRY in SWING TRADING EVER. OMG. You will be seeing BANKING HERE. BANKING BANKING. fking A FKING A hahahahahah You know in trading, its not about how much you make, Its how consistent you are. Its how much size you can put on to the consistency. SIZE * INCONSISTENCY = BANKRUPTCY NO SIZE * INCONSISTENCY = LOSER NO SIZE * CONSISTENCY = OK INCOME. SIZE * CONSISTENCY = MILLIONS.
The stocks are quality and my entries suck. Even though I am holding this for 3+ months, id prefer not haveing to sit through a half cycle against me(wasted time). Same stocks with better entries. This experience was great. I think I may have been up to a month early with these entries for the fastest IT capital appreciation.
Coolweb, I have read through this journal and I belive your ideas and attitude towards the market have merit. You sound like you are learning what it takes to execute a strategy. I have only one question: what is your trade size and are you trading real money? Please do not take my comments as condescending, I respect the approach your are developing in terms of 1: thinking for yourself and 2: letting all of us know about it, as well as being very honest with yourself. I want to know what risk you take (share/contract size) on what analysis and if that analysis holds merit in terms of your relationship with money/risk. Mike
Mike "Not to sound condescending" And you are asking me if I trade with real money? Are you <b> RETARDED </b> ? Not to talk condescending to you: A 100k position would be small size to me. haha
Personal moment of weakness there... I knew this would go nowehere. Anyway, I tend to give people the benefit of the doubt much too often. Haven't used the ignore function in a while... right about now feels like a good time. Bye CW
Mike805, You must understand, I love taking a shit on people like you. You talk trash to me early when I was starting out, I'll take a shit on you when you come begging me for info you can't have or want to know. The only person benefiting from any conversation we will be having is you. I have nothing to learn from you. Understand? Move your ass out of here, Son. Remember to hit that <b>ignore button </b>as well. ----------- Everybody else, I love you all Back To swing trading talk after taking out the trash.