RE:RE:RE:RE:RE:RE:RE:trading this weekWell, your strategy was to "stay long and strong" above $1.60 when I was telling everyone to sell.
Yes people, develope your own strategies, specifically, any strategy which is the complete opposite of what this tragic poster claims to be doing. I couldn't be more serious.
quakes99 wrote: Glad that helped! ;-)
Experienced traders use a disciplined approach where they set specific buy and sell target prices and stick with them (a difficult thing to do). They may use technical analysis or look at peer group pricing or any number of factors to decide on their entry and exit points. For example, you set a price target and sell at that price without looking at news or other factors. You are guaranteed then to make your profit target no matter what happens after that. If you are trading a lot of stocks and miss one that goes parabolic... oh well.. you have the profits from all your trades and maybe another chance will come along. Not everyone is looking for the double or triple... trade 5 stocks for a 20% gain each time and there you have your double! Lots of strategies to play with but all have some associated risk that bears careful consideration. In my experience it is the taxes that surprise people the most. They don't plan their entry and exit points with a clear goal of tax efficiency and end up trading their profits away to the tax man. :-(
Just my opinions... develop your own strategies and do what works for you!
Good luck with your trades. ;-)