I always seem to sell too early.

[Steve Alexander]

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

Tip: Stop doing that.

 

[ironchef]

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

I know most elite traders advised you to let the profit runs and cut your losses early. But as a non elite retail trader, I find that very difficult, here is a retail mindset:

Unfortunately human nature tends to go the opposite way, a fellow retail swing trader has a system similar to yours, hunts for 52 week low stocks and places his bets. He took small profits but also tight losses and actually did well.

The key is small profits and tight losses: Stocks after 52 week low tend to rebound some (death cat bounce) and then reverse. If your profit/loss ratio is positive (profit exit > loss exit) your overall results = profits even if win:loss is 50:50.

Don't know if I make any sense so I welcome comments from others.

Good luck and regards,

 

[murray t turtle]

I know most elite traders advised you to let the profit runs and cut your losses early. But as a non elite retail trader, I find that very difficult, here is a retail mindset:

Unfortunately human nature tends to go the opposite way, a fellow retail swing trader has a system similar to yours, hunts for 52 week low stocks and places his bets. He took small profits but also tight losses and actually did well.

Don't know if I make any sense so I welcome comments from others.

Good luck and regards,

%%
Makes perfect sense;
good way to lose money , buying GE @ 52 week lows. Could work buying real estate @ 52 month lows, but plenty of stocks go from 52 week low to goose egg[00.00] Value investors[ a small group ] can make money some, buying lows

 

[murray t turtle]

I'm not surprised: I think I'd probably feel pretty sated, myself, after 44 years in any industry ...





She wouldn't go out with profit-takers???

%%
NOT a prediction; she most likely preferred profit makers, rather than those taking her profits. LOL.

As long as the commissions dont take away profits,OK by me. Great point ,J9999,hard to get hurt [ pronounced '''hert'' ],taking a profit; especially on weekly charts.,