Give it a rest...the guy has posted some very solid trades the last few weeks...
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Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Give it a rest...the guy has posted some very solid trades the last few weeks...
You'd think given your UWTI experience you'd better understand why averaging down on your biggest losers is a foolish technique. "Cost average" is irrelevant, every new buy has to be evaluated as a separate trade, and simply buying more doesn't make you better off.
Its cost averaging.....every new buy is evaluated as a separate trade???
Its called COST AVERAGING for a reason....I don't know about you but when I look at my cost basis per unit in my portfolio is shows 1 average price even though I might have bought 4-5 times the same stock at different prices.
the DOW is TRULY up 1000 points in less than 1 week and ABSOLUTELY NOTHING HAS CHANGED IN THOSE 5 TRADING DAYS SINCE FRIDAY MORNING.....if anyone bought that Friday morning bottom you got very lucky, the only stock I bought around then was GUSH which I SOLD WAYYYY to early....sold shares at $11 then around $14, stock is now at $18+
I sold off another one of my long positions today, raising more cash to go short short short!!!!
I sold off another one of my long positions today, raising more cash to go short short short!!!!
don't tell me....its...its going higher....nah I dont think so
Its cost averaging.....every new buy is evaluated as a separate trade???
Its called COST AVERAGING for a reason....I don't know about you but when I look at my cost basis per unit in my portfolio is shows 1 average price even though I might have bought 4-5 times the same stock at different prices.
Every new buy or sell should be evaluated on it's own merits. "Cost average" is irrelevant, except perhaps as a bookkeeping help.
Interesting to see if we test SPX 2021 today.
no way...might gap up tomorrow morning....Im looking to add more shorts soon however like I said Im really holding out for 2100+ and new historical highs before doing so. Knowing my luck this market will peak around 2040-2060 and fall 150-200 s$p points in less than a month and Ill miss buying in short....
the DOW is TRULY up 1000 points in less than 1 week and ABSOLUTELY NOTHING HAS CHANGED IN THOSE 5 TRADING DAYS SINCE FRIDAY MORNING.....if anyone bought that Friday morning bottom you got very lucky, the only stock I bought around then was GUSH which I SOLD WAYYYY to early....sold shares at $11 then around $14, stock is now at $18+
I sold off another one of my long positions today, raising more cash to go short short short!!!!
I commend you...This thing has taken out too many layers of resistance...albeit its far too vertical, but that just attracts levels upon levels of shorts until this thing exhausts itself...markets feel too illiquid, just too easy to push around these days...very different from when I started...