Cutting losses - not the best idea

Quote from inandlong:

I wish this statement had to be electronically signed once a month by every member prior to posting.
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Yes. There are so many ways, but we all struggle find something that works for us and then we start thinking it is the only way.

g
 
Quote from ges:



Yes. There are so many ways, but we all struggle find something that works for us and then we start thinking it is the only way.

g
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And like you say.... for us.... it might be.

Similarly, there are certain stocks that I refuse to trade because I "know" ahead of time that I am going to lose money. Silly.. of course. But it is one less mental struggle I have to deal with.
 
this mrmarket is boring me. hey buddy the market has been going up last 9 months so of course it works. lets see it in a down market work too. you sound like a guy in a yahoo chatroom saying i bought 50k shares of ibm 10 points lower. your great and we are all losers ok. i remember guys like you 4 years ago when the market going up thinking they were the greatest thing in the world. we are traders and we live by are rules i think you would be better served on eliteinvester.com
 
Quote from brokerboy:

this mrmarket is boring me. hey buddy the market has been going up last 9 months so of course it works. lets see it in a down market work too. you sound like a guy in a yahoo chatroom saying i bought 50k shares of ibm 10 points lower. your great and we are all losers ok. i remember guys like you 4 years ago when the market going up thinking they were the greatest thing in the world. we are traders and we live by are rules i think you would be better served on eliteinvester.com
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I have documented all of my trades on my homepage for over 7 years. I've had investment forums on Prodigy, AOL and the Motley Fool.

I've been through up and down cycles and my model has worked fine. Please don't make assumptions without checking your facts.

I am, indeed, HUGE!
 
Quote from brokerboy:

this mrmarket is boring me. hey buddy the market has been going up last 9 months so of course it works. lets see it in a down market work too. you sound like a guy in a yahoo chatroom saying i bought 50k shares of ibm 10 points lower. your great and we are all losers ok. i remember guys like you 4 years ago when the market going up thinking they were the greatest thing in the world. we are traders and we live by are rules i think you would be better served on eliteinvester.com
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Fourteen whole posts into your tenure at EliteTrader and you have it all figured out.

First and foremost, mrmarket's open trades are available for your perusal. Secondly, he has posted here new selections that have done well. Third, read again my post quoting and affirming that there are many ways to make money in the markets. Fourth, mrmarket is not saying you are all losers, although..... Fifth, it is "we live by our rules". And sixth, if mrmarket bores you, don't read the thread.
 
between inandlong and MrMarket i gota.......:D bwahhhahahaha

:D sorry could not hold it back......

I can't wait for the print version on paper back, these guys :D bwahahahaah
 
Quote from mrmarket:



I have documented all of my trades on my homepage for over 7 years. I've had investment forums on Prodigy, AOL and the Motley Fool.

I've been through up and down cycles and my model has worked fine. Please don't make assumptions without checking your facts.

I am, indeed, HUGE!
More...


Just about a year ago when you started posting this crap, your record was pathetic. When considering the TVM and opportunity cost, your strategy was one of losing money. Do not even try to lie, your record of about two years was taken into account to show a stupendous return of 3%.

Now you just got lucky on an up market.
 
Quote from inandlong:

Fourteen whole posts into your tenure at EliteTrader and you have it all figured out.

First and foremost, mrmarket's open trades are available for your perusal. Secondly, he has posted here new selections that have done well. Third, read again my post quoting and affirming that there are many ways to make money in the markets. Fourth, mrmarket is not saying you are all losers, although..... Fifth, it is "we live by our rules". And sixth, if mrmarket bores you, don't read the thread.
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I cant believe you actually support that joker. As a moderator you should know about this characters previous threads.
 
Quote from Mecro:




Oh bullshit do not even try to lie. Just about a year ago when you started posting this crap, your record was pathetic. When considering the TVM and opportunity cost, your strategy was one of losing money. Do not even try to lie, your record of about two years was taken into account to show a stupendous return of 3%.

Now you just got lucky on an up market.
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Please look at all of my trades and show me how it adds up to 3%....this must be the new math:

closed trades

STOCK DATE IN DATE OUT PAID SOLD GAIN ANN GAIN
DHOM 1/8/2002 1/30/2002 15.30 17.75 16% 266%
GNWR 1/3/2002 4/9/2002 21.38 24.80 16% 61%
SAH 1/31/2002 4/9/2002 28.05 32.49 16% 85%
ANH 1/10/2002 4/22/2002 9.73 11.30 16% 58%
GAN 4/9/2002 5/1/2002 56.20 65.09 16% 262%
RYL 4/10/2002 5/3/2002 100.35 116.17 16% 250%
JOSB 5/8/2002 5/17/2002 20.58 24.11 17% 696%
MHK 2/20/2002 5/20/2002 60.00 69.66 16% 66%
TENT 5/14/2002 5/21/2002 13.67 15.88 16% 843%
HAMP 6/18/2002 7/9/2002 21.89 25.35 16% 275%
RATE 1/9/2003 1/13/2003 4.30 5.14 20% 1783%
LCI 1/24/2003 2/6/2003 20.00 23.40 17% 477%
ODFL 1/3/2003 4/3/2003 29.05 33.77 16% 66%
AVD 8/19/2002 4/14/2003 15.07 17.58 17% 26%
QSII 2/25/2003 5/6/2003 26.14 32.10 23% 119%
JFBC 1/2/2003 5/21/2003 50.90 59.46 17% 44%
LEND 5/19/2003 5/27/2003 13.75 16.47 20% 903%
PORT 2/7/2003 6/2/2003 46.85 53.67 15% 46%
NFI 5/27/2003 6/5/2003 51.45 59.45 16% 631%
DRL 4/7/2003 6/6/2003 37.70 44.02 17% 102%
HITK 5/7/2003 6/16/2003 37.16 45.60 23% 207%
OHB 5/21/2002 6/17/2003 9.92 12.01 21% 20%
FBC 6/6/2003 6/26/2003 20.85 24.24 16% 297%
MBT 5/2/2003 6/26/2003 48.50 57.04 18% 117%
VNBC 4/12/2003 6/30/2003 18.89 21.96 16% 75%
SSYS 6/19/2003 7/7/2003 33.35 38.90 17% 337%
ACMR 4/22/2002 7/14/2003 22.01 25.46 16% 13%
UTSI 7/3/2003 7/16/2003 36.28 41.95 16% 439%
FCFS 7/8/2003 7/21/2003 16.30 18.84 16% 438%
FRED 5/2/2002 8/1/2003 26.23 30.29 15% 12%
SFCC 7/30/2003 9/2/2003 26.01 31.00 19% 206%
ESI 8/7/2003 9/12/2003 39.59 46.38 17% 174%
MDC 7/10/2002 10/1/2003 46.59 54.25 16% 13%
COH 6/9/2003 10/14/2003 25.75 30.21 17% 50%
ARO 10/3/2003 10/14/2003 28.90 33.62 16% 542%
NARA 7/25/2003 10/16/2003 18.91 21.94 16% 70%
DKS 7/29/2003 10/29/2003 39.99 47.21 18% 72%
WRLD 6/3/2003 10/29/2003 14.43 18.63 29% 72%
WLS 10/16/2003 10/29/2003 54.10 62.76 16% 449%
GRMN 5/23/2003 10/29/2003 45.91 53.00 15% 35%
JBSS 10/24/2003 10/30/2003 28.37 34.13 20% 1235%
FINL 9/29/2003 11/3/2003 27.13 31.39 16% 164%


open trades

STOCK DATE IN PAID NOW GAIN TARGET
PTSI 4/15/2002 24.84 19.00 -23.5% 28.9
AXL 5/20/2002 34.73 35.16 1.2% 40.2
CHKE 5/22/2002 21.50 20.91 -2.7% 24.9
WSB 6/30/2003 10.67 11.09 3.9% 12.4
AMHC 7/14/2003 41.00 41.38 0.9% 47.6
HELE 9/2/2003 24.13 22.29 -7.6% 27.9
PRX 9/18/2003 72.40 72.15 -0.3% 83.7
CBK 10/20/2003 29.38 29.91 1.8% 33.9
CLSR 10/31/2003 30.47 31.95 4.9% 35.1
 
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