The Art of Blowing Yourself Up.

Discussion in 'Trading' started by PohPoh, May 24, 2007.

Your accounts biggest drawdown was a loss of:

  1. Loss? I've been up since day 1

    3 vote(s)
    4.3%
  2. 0-15%

    8 vote(s)
    11.6%
  3. 15-30%

    13 vote(s)
    18.8%
  4. 30-45%

    5 vote(s)
    7.2%
  5. 45-60%

    5 vote(s)
    7.2%
  6. 60-75%

    9 vote(s)
    13.0%
  7. 75-100%

    13 vote(s)
    18.8%
  8. 100%+ Nick Leeson LTCM Amaranth catclysmic personal disaster style

    12 vote(s)
    17.4%
  1. None of my business but you may want to reconsider your definition of quality stocks.
     
    #21     May 24, 2007
  2. you cant argue that GS and AAPL aren't quality.
     
    #22     May 24, 2007
  3. feb2865

    feb2865

    the art of blowing yourself up

    Imagine. all you have to practice bending over ..hard

    I prefer to concede that labor of love to a nice and loving girl.

    It's easier and more pleasant I think

    Peace
     
    #23     May 24, 2007
  4. You got lucky. This is a bull market and you picked all obvious mo-mos that have done well (except for AMR, yuck, a few others Im not going to say anything).

    All of your plays are good right now, but some are starting to smell like funk. If I were up 40% and it was May, then I would cash out everything and walk away. Come back in July-August when I know the markets will start smelling like funk.

    You might think that these plays will continue on their merry path of enlightenment, but I did look at a few and some are starting to violate some moving average lines. This could be temporary, but I have learned that when your up and the stock starts to chop, then its time to bring your cash to safe harbor.

    Not a bad strategy of going with all obvious plays though. Its safe and wont bring you the lotto ticket, but it also wont bring you pain.

     
    #24     May 24, 2007
  5. #25     May 24, 2007
  6. jnbadger

    jnbadger

     
    #26     May 24, 2007
  7. Damn...


    I thought this was a Ron Jeremey thread about how to service yourself like he does....


    :eek:
     
    #27     May 24, 2007
  8. No..that would be called "How to blow yourself"...
    semantics..
     
    #28     May 29, 2007