Ugh! You said it
Need to unload 10k shares of MDLZ that were acquired for an average price of 44.8 and 1k shares of SPG, avg price of 200! Ouch!
I always seem to sell too early.
- Thread starter invortex
- Start date
Ugh! You said it
Need to unload 10k shares of MDLZ that were acquired for an average price of 44.8 and 1k shares of SPG, avg price of 200! Ouch!
Go futures, you won't have that pain, because you'll never be able to get into that situation to begin with.
For demo trading,
trading is
99% technical,
and 1% mind / money management
For live trading,
trading is
99% mind / money managment,
and 1% technical.
Presuming you are ok during demo trading, then you should focus your attention on the mind aspect. As long as your conscious mind is not functioning in tip top condition,
and your subconscious mind is controlling you, very difficult to earn $.
trading is
99% technical,
and 1% mind / money management
For live trading,
trading is
99% mind / money managment,
and 1% technical.
Presuming you are ok during demo trading, then you should focus your attention on the mind aspect. As long as your conscious mind is not functioning in tip top condition,
and your subconscious mind is controlling you, very difficult to earn $.
It's very easy to go broke taking profits, if you take small profits and large losses.
You, and people like you,...are constant losers in the market. -- Because all you see and sense is the surface level of things.
You are highly and easily fragile to the whips and lashes and volatility the market decides to feed and serve to you.
You have nothing in your trading arsenal, aside from merely...just basically gambling based on intuition, which yours is shaky and flakey.
I'm not saying all of this just to sound superior to you, but to open your mind on multiple levels, and even dimensions.
Sometimes, success in the market...is just a relatively simple matter of approaching it from a different door or angle or perspective.
It's like striking oil, or unleashing a flood of water,....all it takes is to move a couple things around...and the Gush will come,
My beagle is fat and timid and bashful and stubborn. While my corgi that died was an energetic, eccentric firecracker. 2008, great year.
I just ate Chinese food and a whole pot of coffee.
I hope you all make a million dollars in 2018 and beyond, or $4200 every business trading day,...from my deep and profound and expert trading knowledge.
Why don't you quit waxing philosophical and just give the guy something of substance that he can actually use.
I don't know, if I were you and have a system that consistently gives me a profit, eventually it will all add up and become big profits. You need patience and be satisfy with a winning method.I like to buy at dips or 52 week lows and wait for the stock to rise and then sell as soon as I can make a little profit. Then almost always, the stock goes up big and I have missed the huge ride up. I can't seem to discipline myself not to sell. And a few times I kept the stock it went down
Anyone have any tips for me? Thank you
You can always experiment with a different method, but should do it in parallel and not give up what gets you here.
Best of luck to you.
I'd suggest trying to define your rules a little more tightly. Re-examine and re-test why you think your system will work, using an array of different rules for selling.
Although some stocks are simply in an industry that is in a downturn and will ultimately recover, some stocks will never come back. They aren't making 52-week lows for nothing. Do you have a rule for identifying and avoiding the stock or selling in such situations?
Although some stocks are simply in an industry that is in a downturn and will ultimately recover, some stocks will never come back. They aren't making 52-week lows for nothing. Do you have a rule for identifying and avoiding the stock or selling in such situations?
No disagreement there. I understand that was your main point. But also pointing out that one should probably be more diversified than 1 stock unless they have a lot of control over the company or know information that the rest of the market does not know.
We're in an insanely bullish market, it doesn't matter all that much what you buy if you diversify, you'll make money.