chetron
2,817 posts
msg #79075
- Ignore chetron |
9/11/2009 3:52:06 PM
STOPPED OUT F @ 7.38
|
johnpaulca
12,036 posts
msg #79104
- Ignore johnpaulca |
9/11/2009 11:25:12 PM
You should print this and keep it beside you when you trade: Source Stockscores.
1. Buying a weak stock is like betting on a slow horse. It is retarded.
2. Stocks are only cheap if they are going higher after you buy them.
3. Never trust a person more than the market. People lie, the market does not.
4. Controlling losers is a must; let your winners run out of control.
5. Simplicity in trading demonstrates wisdom. Complexity is the sign of inexperience.
6. Have loyalty to your family, your dog, your team. Have no loyalty to your stocks.
7. Emotional traders want to give the disciplined their money.
8. Trends have counter trends to shake the weak hands out of the market.
9. The market is usually efficient and can not be beat. Exploit inefficiencies.
10. To beat the market, you must have an edge.
11. Being wrong is a necessary part of trading profitably. Admit when you are wrong.
12. If you do what everyone is doing you will be average, so goes the definition.
13. Information is only valuable if no one knows about it.
14. Lower your risk till you sleep like a baby.
15. There is always a reason why stocks go up or down, we usually only learn the reason when it is too late.
16. Trades that make a lot of intellectual sense are likely to be losers.
17. You do not have to be right more than you are wrong to make money in the market.
18. Don't worry about the trades that you miss, there will always be another.
19. Fear is more powerful than greed and so down trends are sharper than up trends.
20. Analyze the people, not the stock.
21. Trading is a dictators game; you can not trade by committee.
22. The best traders are the ones who do not care about the money.
23. Do not think you are smarter than the market, you are not.
24. For most traders, profits are short term loans from the market.
25. The stock market can not be predicted, we can only play the probabilities.
26. The farther price is from a linear trend, the more likely it is to correct.
27. Learn from your losses, you paid for them.
28. The market is cruel, it gives the test first and the lesson afterward.
29. Trading is simple but it is not easy.
30. The easiest time to make money is when there is a trend.
|
trendscanner
265 posts
msg #79131
- Ignore trendscanner |
9/12/2009 9:59:28 PM
This list has some great advice. #5 strikes close to home for me. I have too many watch lists and filters, need to simplify my stock and trade selection process a bit. I've had some decent success this year but I spend too much time on unproductive activities. There are lots of good methods discussed on the forum so I expect I'll find one soon that works for me.
|
johnpaulca
12,036 posts
msg #79148
- Ignore johnpaulca |
9/13/2009 7:18:50 PM
RIGL...nice setup...entry above $7.82
|
johnpaulca
12,036 posts
msg #79149
- Ignore johnpaulca |
9/13/2009 7:44:48 PM
XL($16.98)...had a recent pullback still has room to run.
|
johnpaulca
12,036 posts
msg #79154
- Ignore johnpaulca
modified |
9/13/2009 10:52:46 PM
PTP(34.74)....buy signal
|
Kevin_in_GA
4,599 posts
msg #79164
- Ignore Kevin_in_GA |
9/14/2009 8:18:31 AM
ETFC up 8.6% in PM trading (at 1.80 right now).
|
chetron
2,817 posts
msg #79165
- Ignore chetron |
9/14/2009 8:28:27 AM
rake it in, kev = D
|
xxcheck
53 posts
msg #79174
- Ignore xxcheck |
9/14/2009 10:08:34 AM
Kev Good Job on ETFC... Right there with you. Lightened my position a little but still in it.. Mark
|
Kevin_in_GA
4,599 posts
msg #79177
- Ignore Kevin_in_GA |
9/14/2009 10:51:01 AM
Rake it in? Not quite yet ... it's trading right at my entry point. Given that it was as low as 1.60, it has moved up solidly over the past couple of days (today's move was on the Citigroup upgrade, and news that the BOD terminated a poison pill provision). Looks more and more like an acquisition is in the plan.
|