RE:RE:RE:RE:RE:FASCINATING DAY. BOUGHT ACInvincible, I do post each of my trades, partly to give people some insight, or for food for thought for others to measure their own thoughts, but mostly to slow own thinking down and clarify to myself the reasons of what I choose to do with regard to this or any other stock. Perhaps Invincible, if you spent more time actually reading and understanding, rather than posting ratty-azzed posts of no value, then you would up both your game and your portfolio value. Humble enough to want to learn is always a better option than being humbled by the market. THAT lesson is always ruthless.
What I do as a trader is NOT easy and certainly not for everyone. It's decades of studying, training, and responding to the data as it comes in rather than "hoping" for the data to prove my wishes. As you can see, my mind and my position change as the data/news changes. Imagine 30 people (30 indicators) standing in the room yelling at me to either buy/sell/do nothing. Often they disagree. But on the occasions that consensus starts to build, then it's the time for action, whatever that may be. You digest an ENORMOUS amount of information from everywhere, continuously. The trick is to see that consensus take shape, such that action is prompted. It's unemotional. It's calculated. I respond. I don't "hope" and I don't "guess". People who get a few charts going and think they've got it going on...well...it's a dangerous thing. Truly, technical trading, as much as I believe in its value is only 50% of the equation. The other 50% is "art"...seeing the sublties and reading them. It's the softer side of the equation, but in hindsight, is absolutely critical. Unfortunately, it comes primarily via experience, unless you have someone to learn from.
If you're good, you can do extremely well. But I've said any number of times that if you take 100 bright people who "think" they can do this well, 95 of them are dead wrong. I easily spent a decade doing an excellent job showing that I was firmly one of the 95. NOT fun.
If you take the time to look below, you'll see how this thinking works. It is all "real-time" thoughts, such as they are. Again, "trader", NOT investor. I'm an excellent trader. I'm a HORRIBLE investor. Know your strengths and stick with it! In my next life, I'd actually like to be an investor. ;)
My sale at $30.70 (This was from a buy at about $23ish if I remember right
CLICK HERE Buying back at about $26.40
CLICK HERE Buying more at about $27.40
CLICK HERE Changing my mind because technicals soured, and getting back out at about $27.00. Freaking good traders are right 7/10 times. The trick is to recognize the bad trade quickly. Get out with a nick rather than a gash.
CLICK HERE Turns out that was a good thing. Bought back in today at an average of about 24.28 instead of riding it down from $27.00, saving a 10% loss, from the previous buy, or a 20%+ loss from the $30.70 sale.
CLICK HERE Invinceableone wrote: Will you be so kind to tell me when to sell next time? Please Starsearcher you are obviously somewhat of a Stock Guru!!!!