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The Art of Blowing Yourself Up.
- Thread starter PohPoh
- Start date
You got lucky. This is a bull market and you picked all obvious mo-mos that have done well (except for AMR, yuck, a few others Im not going to say anything).
All of your plays are good right now, but some are starting to smell like funk. If I were up 40% and it was May, then I would cash out everything and walk away. Come back in July-August when I know the markets will start smelling like funk.
You might think that these plays will continue on their merry path of enlightenment, but I did look at a few and some are starting to violate some moving average lines. This could be temporary, but I have learned that when your up and the stock starts to chop, then its time to bring your cash to safe harbor.
Not a bad strategy of going with all obvious plays though. Its safe and wont bring you the lotto ticket, but it also wont bring you pain.
All of your plays are good right now, but some are starting to smell like funk. If I were up 40% and it was May, then I would cash out everything and walk away. Come back in July-August when I know the markets will start smelling like funk.
You might think that these plays will continue on their merry path of enlightenment, but I did look at a few and some are starting to violate some moving average lines. This could be temporary, but I have learned that when your up and the stock starts to chop, then its time to bring your cash to safe harbor.
Not a bad strategy of going with all obvious plays though. Its safe and wont bring you the lotto ticket, but it also wont bring you pain.
Quote from stock_trad3r:
I buy and hold quality stocks like DDM, GS,AAPL,CHAP,BIDU,GOOG,AMR,MA,RIMM so I dont have to worry about blowing up
I trade to make money..40+% YTD returns without hedging or options.
Buy & hold the play to pay trade to make $$$
Quote from PohPoh:
but YOUR OWN PERSONAL ACCOUNT.
Have you blown it up? And I mean blown it to pieces....like 100+% loss....
If not, what's the furthest down you went?
If you want to know about as subject, you ask the best..at blowing up accounts...
http://www.collective2.com/cgi-perl...336&session=339337856661211279488880787119076