Of course they will go higher.
But what if your original buy price is higher (or much higher) than what the high of the inevitable rally will be?
This game is not as easy as it looks.
Fed Announces Rates!! Massive market Surge!! I Am Right
- Thread starter stock_trad3r
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Of course they will go higher.
But what if your original buy price is higher (or much higher) than what the high of the inevitable rally will be?
This game is not as easy as it looks.
I dont sell on 10 percent losses on what were great earnings and a very strong chart. I remember buying nutrisystem at 43 and it TANKED to 38 and I sold. It fell as low as 34in the coming weeks and now it is at 64. The trend remained strong but I get scared and gave my money away. ..Not going to let that happen here.
so the moral of the story is hold on to what you've got for the longest time until things turn around?
well, im sure these companies you're holding might not go out of business but would holing for 2 years to make 10% and feel vindicated worth it?
you could have easily traded your way out and got in at a cheaper price. Ultimately, you want to make money in this market and not to show how smart you are or how right you are.
well, im sure these companies you're holding might not go out of business but would holing for 2 years to make 10% and feel vindicated worth it?
you could have easily traded your way out and got in at a cheaper price. Ultimately, you want to make money in this market and not to show how smart you are or how right you are.
ok. you have a nice taste of a humble sandwich (that is a nasty tasting sandwich ..no?)...so i am going to help you out just a little more...get the taste out of your mouth.
for ever trade i enter...I need 3 reasons to justify the trade...entry, direction etc. (and i am still wrong 50% of the time)
post 3 good reasons why you should hold on to your positions.
I will speculate that you cant find 3 GOOD reasons...with you picks..i wouldnt be anything but short (actually i am, i never followed chap before...now it is on my short list) and i bought google october 400 puts just this morning.
when you dont have 3 good reasons...that is a "go flat and reevaluate" signal
looking forward to hearing your side.
for ever trade i enter...I need 3 reasons to justify the trade...entry, direction etc. (and i am still wrong 50% of the time)
post 3 good reasons why you should hold on to your positions.
I will speculate that you cant find 3 GOOD reasons...with you picks..i wouldnt be anything but short (actually i am, i never followed chap before...now it is on my short list) and i bought google october 400 puts just this morning.
when you dont have 3 good reasons...that is a "go flat and reevaluate" signal
looking forward to hearing your side.
Looks like bears cant break the 2025 point. markets heading up in last hour. Should be a nice rally money since this should be the bottom for a long time.
Becuase he is long and praying, never a very good mixture.
Based on the fact that the nasdaq tested 2025 last november and bounded off it and now it seems that it has bounced off the 2025 level again.
Nice..TIE & CHAP closed green
Its obvious to everyone, yourself included, that you very poorly timed your trades. Which is fine, it happens to everyone. But at least have an out for your positions if they continue to slide. It sounds, from your posts, that you are looking for whatever you can to justify staying long. Can you not see past your own ego?