wwatson1 journal

Discussion in 'Journals' started by wwatson1, Dec 3, 2004.

  1. Token Scooby Doo reference. Keep up the good work, my brother!
     
    #301     Aug 29, 2005
  2. #302     Aug 30, 2005
  3. No trade's today.
     
    #303     Aug 31, 2005
  4. This is good stuff. It demonstrates patience and discipline...

    You, my Brother, are progressing well...
     
    #304     Aug 31, 2005
  5. This lot took me ages this morning hope you like it, There are a couple of stormers here take a bit of time to look at them.

    Just click each stock symbol and you should be taken to the setup.... Enjoy! http://www.800bull.com/index.html
     
    #305     Sep 1, 2005
  6. #306     Sep 2, 2005
  7. You must use pretty wide stops, my brother. I stopped out of CTLM last week when it hit below 2.60. I'm now pissed I missed today's runup.
     
    #307     Sep 2, 2005
  8. Im afraid you will rarely be right immediately after you enter a trade as long as you have the general consensus right thing's usually pan out. I set my stop's accordingly.

    Has this helped?
     
    #308     Sep 2, 2005
  9. In other words you set wide stops. The question is always how wide. Apparently mine wasn't wide enough. :) I set it at -8%, which seemed ok given the recent price action, volatility, and low price of the equity. Oh well, this is an art.

    :D
     
    #309     Sep 2, 2005
  10. You need to set your stop below substantially tested med- long term low's. Not a % from the trade price.
    :)
     
    #310     Sep 2, 2005