Yeah ... not a market for this kind of play .... which is
why I have a quick trigger these days ... I book profit quicker
than usual ... and have less tolerance for anything that moves
against me ...
yep, there's a time to hit 'singles' and a time you can try to
hit home runs 'swings', quite a few people don't understand that
you can't always swing stuff and think you can just follow one
formula one. For example I've actually had people write in
that tell me they only want trade ideas they can hold for 6 months
LOL.
sizing is important too .... there's a time to size up ... and
times to size down .... right now ... it's a time to size down for
me ... and If I get to many "failed attempts", stops, etc...
I usually pause it ... no point in churning your account for the
sake of doing trades .... the urge to trade is like holding a smart
phone for some ... they can't put it down ... lol
Well stated by both you and Matt. I too have a quick
trigger finger on the sell button these days and keep my
position size modest. Got in on/out of IQ today with a $0.75
per share gain. Was hoping this would be one of those
$2.00-$3.00 up days when it broke resistance this morning, but it
was obvious early on it was not meant to be. Will take what they
give.
Gave it all back and
IQ
Posted by RichieD on 1st of Aug 2018 at 12:38 pm
Gave it all back and then some intraday like so many others of late.
Yeah ... not a market
Posted by mla127 on 1st of Aug 2018 at 12:44 pm
Yeah ... not a market for this kind of play .... which is why I have a quick trigger these days ... I book profit quicker than usual ... and have less tolerance for anything that moves against me ...
yep, there's a time to
Posted by matt on 1st of Aug 2018 at 01:04 pm
yep, there's a time to hit 'singles' and a time you can try to hit home runs 'swings', quite a few people don't understand that you can't always swing stuff and think you can just follow one formula one. For example I've actually had people write in that tell me they only want trade ideas they can hold for 6 months LOL.
sizing is important too ....
Posted by mla127 on 1st of Aug 2018 at 01:10 pm
sizing is important too .... there's a time to size up ... and times to size down .... right now ... it's a time to size down for me ... and If I get to many "failed attempts", stops, etc... I usually pause it ... no point in churning your account for the sake of doing trades .... the urge to trade is like holding a smart phone for some ... they can't put it down ... lol
Well stated by both you
Posted by RichieD on 1st of Aug 2018 at 04:39 pm
Well stated by both you and Matt. I too have a quick trigger finger on the sell button these days and keep my position size modest. Got in on/out of IQ today with a $0.75 per share gain. Was hoping this would be one of those $2.00-$3.00 up days when it broke resistance this morning, but it was obvious early on it was not meant to be. Will take what they give.
FOR SURE, probably even more
Posted by matt on 1st of Aug 2018 at 01:11 pm
FOR SURE, probably even more important