Mark Cuban breaks one of tradings golden rules

[FreakofNature]

Quote from Trendytrader:

Isn't what those market guru's tell us with buy and holding in everyone's 401k?

There is nothing wrong with adding to a losing position if you preplan your money management ahead of time and avoid risky assets.

I average down on SPY all the time, long term, never realized a loss doing this. However, I cannot say the same thing about trading.

People lose on non risky assets because they panic.

Usually this panic is caused by overleverage or impatience.

 

[Runningbear]

Quote from Runningbear:

In terms of value and current revenue growth, I think the stock is worth $21. At $21 I'd be prepared to buy and hold.

And given the fact that the market rarely goes up between may and september, I wouldn't hold a long position until October.

So 21 or 22 in October is a good risk reward. Anything else is just gambling.

Facebook is now above $37. It's gone straight up since last October. Don't say I didn't tell you.

Runningbear

 

[OnClose]

Quote from Runningbear:

Facebook is now above $37. It's gone straight up since last October. Don't say I didn't tell you.

Runningbear

Not really, it's gone straight up the last 3 days. If you bought FB on OCT 1 at $21.99 and held it to Jul 24 $26.51 you'd be up a whopping $4.51. Awesome return on your money for 9 months hold time.

 

[Runningbear]

Quote from OnClose:

Not really, it's gone straight up the last 3 days. If you bought FB on OCT 1 at $21.99 and held it to Jul 24 $26.51 you'd be up a whopping $4.51. Awesome return on your money for 9 months hold time.

What price did you buy it at OnClose?

 

[OnClose]

Quote from Runningbear:

What price did you buy it at OnClose?

I wouldn't buy this POS I'm in the market to actually make money. Were you one of those unfortunate suckers who bought the IPO two years ago? Well if so congratulations you'll finally get back to even today, hopefully.