What a difference a week makes

Today I used the rally as an opportunity to liquidate all of my IDCC (what a POS, market was up > 1%, and IDCC was up 7 cents). That wipes out the margin debt. IDCC reports earnings on Thursday, and it's too risky to hold.

Of course, if anyone wants some guaranteed money, just look at the fact that I sold. That's your buy signal for IDCC.
 
Well my decision to dump all my IDCC was good - IDCC reported earnings today and was down over 6%. (The timing of my decision was bad though, I should have waited one more day to dump, would have had an extra $10K or so.)

TA killed me today though. On IDCC's chart, there was a gap in December at 17.00. So today, I was going to buy back my shares under 17. It dropped... to 17.06 and started going back up, and up, and up. It's tough to re-enter a large position when you have to chase the stock. I still bought back lower than my dumping price, although if it weren't for my insistence to wait for the gap to be filled, I could have had an extra $9K or so.
 
I think this guy is a "theater" major and does his training on the "method" and some how fools ya all about his trades - it seems unreal that a normal person would have lazze-fair attitude towards that kind of losses..

Perhaps in the twisted way he feeds on the energy his bogus posts generate..







Quote from interdigital:

I have to give up soon. Was at -3K in my account yesterday, but now -7.5K. I keep shorting WM and it keeps going up. I am now convinced it will hit $100/share next week. Too bad I don't have any cash to buy it. :p

Now WM is off it's high for the day, and I've still lost money shorting it. I short it, put in my stop. Then it goes up high enough to trigger my stop and goes back down. I swear they are targeting me. Is it because of the huge # of shares I'm trading? Maybe that's why they like me.

I really want to try to get a few winning trades to get my account of out debt, but at this rate I might be -30K in a week. I might just need to liquidate 7.5K of stock to cover that -7.5K of debt.

Time for me to write my program to automate my trading strategy, except I'll have the program issue a buy order when my strategy says to sell, and a sell order when my strategy says to buy. I'm going to be a millionaire by year end. :D
More...
 
i think you should stop trading. you're going to lose more.
what is WM ? > Washington Mutual > these stocks are for the very experienced ones, i would not dare to invest in financial companies today or in 10 years. too volatile.
 
interdigital, you need to start listening if you want out of this situation.

****** STOP TRADING ******

if you don't even have that discipline to stop now, you cannot succeed in long run.

many contributors to this thread is trying to tell you the ONLY way is to be successful long run is to have discipline to follow your system's rules (assuming you have one) and trade the right size for your account.

right now, you need to rest the brain and body and come back to continue the battle. it might take you many months to recover, and that's what you pay for the lesson for wanting to be a trader (or are you an investor?! you need to be clear)
 
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