The concept of house money, selling half when the price doubles and letting it ride..

I mix my stocks between highly volatiles, safe (I call TSLA safe) and the potentially rewarding over months. Ironically it's that last category that is most frustrating and least rewarding to me, and the first I will get out of once they turn a profit.
 
VicBee said:
I live in Singapore and started hearing about covid in late December. Like most, I paid little attention through January, when the virus started spreading, putting people in hospitals and killing them. By late February there were talks of confinement and shutting down Asian factories.
At the same time, I was communicating with friends in the US who seemed pretty oblivious to the whole thing. The market was holding,o_O covid was a Chinese thing and only 3-4 countries in the Middle East and Europe seemed affected.....
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Oblivious? Don't know if your U.S. friends are clued into what the markets are doing on a regular basis but the Dow had already dropped by -16.97% by end Feb 28 '20!!!!!!!!!
 
SunTrader said:
Oblivious? Don't know if your U.S. friends are clued into what the markets are doing on a regular basis but the Dow had already dropped by -16.97% by end Feb 28 '20!!!!!!!!!
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It's possible I've got my dates wrong. I'd have to check when I did all that. May have been Feb and not March.
 
deaddog said:
Murray T;
I haven't looked at the Stock Traders Almanac. I try and stay away from stuff that will bias my thinking. I'd rather trade what I see on the charts.

I prefer to think of myself as a speculator. I'm buying the stock because I think it will increase in value. I don't care about the underlying company, only how the stock performs.
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OK, as far as repeating patterns go;
i get a lot of big trends off 200 day moving average/ its a good objective measure + trend confirmation.
LATE sell signal also\ 200dma,also\ IBD founder notes........................................................
 
Magic said:
What is your PnL in raw $$? I don’t doubt you trade this way; small retailers have a bunch of inefficient ideas like thinking fair marks are meaningless until you hit the exit button. Doesn’t make it right. Almost all of the bigger traders I know understand the math behind portfolio optimization to a decent extent.

If your trading works the way you want it to then more power to you. But if you want to get better you should consider a more accurate view. Also spreading around inefficient adages can hurt the new guys.
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Vic's calling TSLA a ''safe stock'' to trade may cause him more trouble than his occasional preference of a realized gain vs a gain/LOL.
In energy sector he maybe helped by his ''realized gain'' main goal.
TSLA's volume trending waaaaaaaaaaaaaaaaaaaaaaaau down, 12 months, doesnt bother me, they're buying it @ 200dma. But huge overhead resistance @ JAN, 2021 makes it a bit dangerous for traders. Fine for investors\ maybe a dead duck for traders.
Agree with dead dog/snoopy\ try to avoid overhead resistance when trading.:D:D
 
VicBee said:
Didn't need to read your point to have factored in opportunity cost in trading decisions. I believe that sometimes what you call a loser can turn to become a winner given time.
For example, I held BABA and AMZN shares. Both fell significantly and I did not have stop losses. I sold and took the hit on BABA but held on to AMZN which came back to make me a nice return. My logic was that AMZN is solid enough to come back, while BABA is caught up in the Chinese turmoil and unlikely to come back anytime soon.
I am fully aware that had I put stop losses on both I would have been better off taking small hits on both and catch either on the rebound.
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Totally agree with that logic, I actually financed an increase in my AMZN long position shorting BABA
 
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