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First up the always needed DISCLAIMER: (sheesh) FOLLOW MY ADVICE AND YOU WILL BLOW YOUR ACCOUNT OUT IN DAYS!! so, enough of the legal mumbo jumbo
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Blog Archive
Stuff learned from the months
EARNINGS: Never a good idea to hold through earnings...that one bad stock can toast a lot of profits (A LOT)
LAW SUITS: Stay away from these! (remember GS)
ADDING TO POSITIONS: Don't just dump a stock. Do some cost averaging, maybe it will help.
FUTURES TRADING: In March it cost all my profits and then some, so I stopped futures trading. The plan was working. That is until April when the 200 point down day and bad earnings (NTY -8.62) again cost me all my profits (save 21 dollars). Then I started trading futures again to get back to the green. So, really, no point here.........?
LAW SUITS: Stay away from these! (remember GS)
ADDING TO POSITIONS: Don't just dump a stock. Do some cost averaging, maybe it will help.
FUTURES TRADING: In March it cost all my profits and then some, so I stopped futures trading. The plan was working. That is until April when the 200 point down day and bad earnings (NTY -8.62) again cost me all my profits (save 21 dollars). Then I started trading futures again to get back to the green. So, really, no point here.........?
1 comment:
Trend lines etc . . . there seems to be an unstated assumption that the past can somehow be used to predict the future. I don't think this works! Surely . . if one could use trends (or any other kinda plot) successfully to predict price movements - we would either all be billionaires, or - more likely - there wouldn't be a stock market! (Markets work by matching winners and losers??)
Best wishes anyway. I trade options "short" = which leaves plenty of time for sleeping . . .
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