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no probs. I dun take it personally. For me, I dun buy on cheaper prices, I buy when there are breakouts, which mean higher prices. Also I put tight stop losses immediately for auto computerized stop outs. So in this kind of market, I take a lot of small losses but a few big wins put me in the profit. Thanks.
no offend, perhaps you hv not gone through sub-prime (somewhere last year aug), the moment (true experience) you return from pee the counter you holding drop like damn bloody shit. Opening price could be 10cts difference from yesterday closing price (talking about ave counter not heavy weight).During that time, you may think you are buying 50%-60% cheap discounted price of 52wk high price than you are wrong - it went down > 70%
sterny ( Date: 06-Jun-2008 20:47) Posted:
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totally agreed, look now 2 days raise > $11 there's damn ridiculous. Oil detrimental > sub-prime agree?? Have a naive thought - speculators (terrorists) declaring economical war against US but indirectly get all the the innocent ppls killed for nothing. Is this possible??
Livermore ( Date: 06-Jun-2008 20:20) Posted:
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when fall, cut loss first. Especially when day trading. Lose little, earn alot.
I have seen more than once in this kind of market when all this TA thing about breaking upper bollinger band was never a good indication to buy sometimes The moment you bought at breaking of bollinger band for some stocks, the next day it falls.
US Fed raise rate could result in oil price coming down and that could give a boost to the market. Furthermore we are approaching US Presidential Election. Well let's see.
Dear Ericsim,
In short term stock movement is like that, it is common, it is nothing special, it is unpredictable. Sooner or later, we used to it. The only think I know and admit so far is "stock investment will outperform other investment tools in the LONG RUN"!!!
anyone care to share what are the possibilities/opionion that causes current market movement so erratic which throw TA/FA out of the ring. From what i discovered from DOW few sessions (espescially last night) the higher the index crude oil move higher, seem like DOW vs CRUDE OIL war.