starsearcher40 wrote: Personally, I think these boards, at best, provide a forum to test your OWN beliefs. Not MAKE your beliefs. TEST your OWN beliefs. And then you act accordingly. I'll say it again. I'm a trader. As such, I'll spin on a dime with a trade if the charts point me in that direction. I'll call myself out on being right or wrong in a matter of seconds. And that can happen multiple times in the same day. On a swing trade, I'm a little more patient, measured typically in days to weeks. Investing? Rare for me, and measured in 1-6 months at most.
And what people don't seem to understand, is I can put through trades that are TOTALLY in opposition to each other. I can sell an investment position, but then the same day, buy the trade position. It's nothing personal. It's just responding to the time frame parameters that YOU YOURSELF set up and then be true to them. If I'm wrong, then I re-evaluate and then react accordingly. Case in point. I exited the rest of a long position in the $19.30's on Friday because of the parameters I chose to entertain. At the same time, I entered a trading position in just below $19.00 the very same day. Same on OGI. Entered a trade/swing position that I'll ride for possibly a couple of weeks. But at the same time, I have no real inclination to enter an investment position. And investors might make a ton of money there! It's not a comment on the stock. Investing for me is just that rare.
Now if this is too much for some, or just sounds like some multiple-personality disorder gone nuts in the market, well...I can't help you there. It certainly isn't for everyone, and as I ACTIVELY warn my own children, do NOT EVER try and do this. One, in particular, has stars in his eyes and thinks this is the easy way to riches. It is NOT. It's hard as Hell, and a great way to go broke in a hurry. I also tell him if you take 20 people who think they can do this, 19 are dead wrong. That's lousy odds. Now, if you happen to be that 1 in 20, you can make a stupid amount of money. For many years, I did an extremely convincing job that I was one of the 19. For about a decade now, I'm that 1 in 20 (but ohh, the dues I paid to get there!)
It's ONLY about making money people. No one EVER goes broke taking a profit. Just figure out WHAT you are in the market, become stunning at it, and make your OWN best decisions.
Free55dom wrote: Ha Mayhem, I was thinking the same about SS40, and I had my kids sell half thier position & I sold very little, money I will use now for dips.
We should go easy on SS40, at the time the markets were a little worry-some, they still are especially being this time of years. Markets, like the dow seem bloated and Trump the loose cannon makes people edgy.
I think we all contribute to this forum includinng SS40, so lets not shush him away, lets just not believe him all the time, he has his own agenda just like most people on here.
I have to say most of you guys on this board have kept my confidence up with my investment in Canopy including SS40, so lets move on and continue to make a pile of money.
GLTA,
Free55dom
48OMayhem wrote: Why did I follow Star and sell my whole position. Man I am so dumb.
Mayhem