I think too many of you guys try to trade our nightly setups,
you buy a breakout that is up one day and it's down the next day
and you sell for a loss, even though there was really no reason to
sell, you take your loss and the stock goes back up and would have
been a nice winner had you just given it the room it needed.
And also reduce position sizes, if you can't handle the
wiggles/noise, then your position is too large, reduce it so that
the noise doesn't bother you and goat you into selling noise for a
loss.
obviously it's not only this cut and dry. It's also best to be
more aggressive with longs when the market is not overbought, for
example if the market was up 5 days in a row, better to be
pickier than 1st day off the lows or even 2nd day
anyway guys I just suggest reducing your position sizes, and if
you are trying to short term swing these ideas, you have to have
to set a stop that makes sense for the chart. If the stop
makes you emotional, that tells you that your position is too
large.
and don't give up, too many of you try a few of our ideas and
fail, then give up, don't do that, as you see, most of our ideas
end up working out
I think too many of
someone should sue bloomberg for more FAKE NEWS! my guess ...
Posted by matt on 12th of Sep 2019 at 12:17 pm
I think too many of you guys try to trade our nightly setups, you buy a breakout that is up one day and it's down the next day and you sell for a loss, even though there was really no reason to sell, you take your loss and the stock goes back up and would have been a nice winner had you just given it the room it needed. And also reduce position sizes, if you can't handle the wiggles/noise, then your position is too large, reduce it so that the noise doesn't bother you and goat you into selling noise for a loss.
obviously it's not only this cut and dry. It's also best to be more aggressive with longs when the market is not overbought, for example if the market was up 5 days in a row, better to be pickier than 1st day off the lows or even 2nd day
anyway guys I just suggest reducing your position sizes, and if you are trying to short term swing these ideas, you have to have to set a stop that makes sense for the chart. If the stop makes you emotional, that tells you that your position is too large.
and don't give up, too many of you try a few of our ideas and fail, then give up, don't do that, as you see, most of our ideas end up working out
Thanks Matt, exactly what happened
Posted by retirefire on 12th of Sep 2019 at 01:15 pm
Thanks Matt, exactly what happened with me on VET. If I bought a second lot instead of selling it would have been my best trade of year