<b>note: I am not looking for advice on how to succeed in trading. Please do not give any (comments about techniques allowed). This is a journal of thoughts </b> EXPE: $21.24 now Looking at that stock I have to let out a wild belly laugh, The key to trading/investing is, you never know which resistance will hold, if it doesn't hold you want your stop to take you out as fast as possible from the position, If it drops below and comes back you might be able to take a second look. This is how stops are so effective, A Very small stop can force a do or die action in that exact time. If its suppose to do what its suppose to do, it will never look back.
<b> note: I am not looking for advice on how to succeed in trading. Please do not give any (comments about techniques allowed). . This is a journal of thoughts </b> Good stocks = Good stocks. I am reminded once again, I have another portfolio of stocks, that if the stock is good and has risen steady without wild retail buying, even when the market is down, the stock is relatively uneffected some even + . I believe this is the key to holding the "trend", To make big money you need to be in the big trend, You need to find trending objects, These objects will not be listed on WSJ, these objects will only be found by the studious. So you hear about people playing golf and checking their stock quotes and going "hey I just made another hundred k today" And people are amazed, "why is this? How do they do this? I'm sitting here clucking my hair out over $300" Its because they bought 5 months ago and the daily fluctucations mean nothing to them. Its built such a cushion , that any big jump in stock price usually precided by a selling will not induce fear to have them sell the stock. This is essential in riding the bronco. Cushion.
Thunderdog, Lets just say the advice I've been recieving = trash. I get better advice from my pet dog. Don't give me advice, I don't need it or want it anymore. Attention is the least of my worries, I'm more interested in making myself look awesome. <b> I am EGOTISTICAL, Selfish, Arrogant, Not Humble, Big enough bank account, so whats new, now that we have that cleared up, back to trading posts, . </b>
The treacherous path to $200k a year? You want no trash? I'll post you something valuable: If you start going before you know what you're doing, the path is indeed highly treacherous.
nonosense, Your post is good, except, I know what I'm doing. If you knew what you were doing, you would KNOW that I KNOW what I'm doing just from hearing some of the underlying ideas I post The only comments in here, are from the same chumps, ElectricSavant, This guy doesn't even trade. And a few others.
Look here Non-trader, when you start trading, then hit us up with some of your opinions. Until then, go back to carry and cash please. Geezus, I Don't know whether to roll on the floor to laugh or cry.