to hell with "long term", thats for losers ..it makes absoultely no sense to me to not only lose all that profit on spec but to go red on the whole bunch...on pure spec.
Pure spec. ??? My QLGC trade has much more reasoning than speculation alone. You manage your own account how you see fit and I'll take care of mine. Why don't you post your trades? I'm sure I'll be able to find a reason to rip just about every trade you make. You saw my trading style for a few months, that's it. I have different styles, hold times, ect for different markets. I never held myself out to be a pure daytrader as I stated at the beginning of my thread.
sorry, i came on a little strong. your management of these trades is beyond my comprehension but you are right it is your account. please accept my apology.
Seanote, Great to see you back. How much room would you normally give a longer term trade? How is the futures trading going?
Now BRK.A/B that's a good long (short?) term short I once read somewhere that Buffet accounts for 1/3 of the stock value, brk will plumet when he dies.
Futures trading is going very well. I have haven't traded a stock in almost 2 weeks. Mostly because of this market, low volume, TA doesn't help much, ect; Futures have been easier for me to trade so I'm concentrating on that for now. I look at 50 & 100 Day MAs for stop on my long term plays. I don't use a % or $ value like my day and swing trades. If I get emotional over a long term stock gapping against me then I would get whipsawed almost everytime. If you look at a 1 and 2 yr chart, you will see a different "picture" and have a different long term outlook on a swing trade vs. looking at a 10min 30 day chart. I know swing traders that use 10 YEAR CHARTS. It's all relative to your hold time and risk tolerance.
He has too much money to die. Banks, S&Ls, and Wall Street will never let him die. He'll buy additional years to his life when that time comes.