quote:Originally posted by Jo4321: PS: Quick question:
I realize now that I SHOULD have cut losses when things got below a 20% loss. However, that's a lesson learned and now I have things that are way beyond that.
As a general rule, at what percentage of loss should you just hold it since selling would bring so little cash? -50%, -60%, -75%, -93% ( LOL, yes, I DO Have one that is -93% NNRF)
Thanks, Jo
Depends on how you are playing.. what your style is. I'm strictly a chart player, so any loss more than ten percent for me is too much unless I know I'm getting into a trade too early. Purl's style of F/A is inherently a longer term hold and therefore you must be prepared to possibly hold through a larger loss. Alot of it is feel.. If I get into a trade and I realize I'm wrong, I don't wait for a set percentage before I exit... I rely on trend lines quite a bit..
-------------------- Spend word for word with me and I shall make your wit bankrupt Posts: 977 | Registered: Jun 2006
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IN reference to the buy PGPU*.08 and flip*.09 this morning i could have bought at .05 and sold at.08 so you never know?
Posts: 65 | From: Texas | Registered: May 2006
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IN reference to the buy PGPU*.08 and flip*.09 this morning i could have bought at .05 and sold at.08 so you never know?
Posts: 65 | From: Texas | Registered: May 2006
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AS far as PGPU buying at.08 and selling .09 how bout buying at .05 and selling at .08 like the 14th
Posts: 65 | From: Texas | Registered: May 2006
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well well well, the game is a foot.... RD, we have a lttle visiter, shall we welcome him?
Posts: 10729 | From: oregon | Registered: Feb 2005
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Ok, here we go.........Tradin read this thread from begining to end...If you are smart you just might get an idea of what you are in for, Ka-pish?
Posts: 10729 | From: oregon | Registered: Feb 2005
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That's crazy to say you can't give somebody advice unless you have 5-10 years experience. If a newbie is about to make a mistake, and you can help, but you only have 1 year experience, who cares. And I don't think it's your "Blunt Honesty" that people don't like, it's your arrogance, patronizing, and contradictions.
quote:Originally posted by Purl Gurl: My comments on trusting or not trusting select people has nothing to do with a person being a good person nor a bad person, nothing to do with a person being smart nor ignorant, nothing to do with being nice nor mean.
My branding select individuals as not trustworthy is based solely on displayed knowledge and known degree of experience. Nothing more.
If you do not have at least five to ten years experience at intense stock trading, you have no business providing advice to others.
This year, I am sitting on twenty-six years of experience in trading stocks, very actively.
I tend to believe there are none here who can equal my experience nor my knowledge.
I do not mince my words. Those who do not like my blunt honesty, go cry baby to your momma.
Purl Gurl
-------------------- Insanity: doing the same thing over and over again and expecting different results Posts: 491 | Registered: Jun 2006
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thanks for being easy on me as you can tell i am new. iread a whole lot but not first hand experience.thats about to change.i would personally like you to look at UBDE and tell me why?and should it be watched?
Posts: 65 | From: Texas | Registered: May 2006
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10 of 13 thank you for your advice, I have been trying to clarify the day trading rule. I called Scottrade and still didn't get a good explaination. I will give an example tell me if this is bad for my situation. I own CHDT. On Monday it goes up to .2 and I sell. Later that same day I buy back in. After buying back in on Monday, I hold until Tuesday and sell again after it goes up. I again buy back in later that day. Will this become a problem. I would love to flip stocks more often but not having 25k in my account I'm afraid of getting in trouble. I've had many oppertunities to make money this way, instead I end up taking a loss. Any advice from anyone would be great. Purl and others thank you for taking the time to help those of us who are less "stock" smart.
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a day trade is also called a round trip by brokers.. This means that you buy and then sell in one trading day. The example you posted would not be a day trade.
-------------------- Spend word for word with me and I shall make your wit bankrupt Posts: 977 | Registered: Jun 2006
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technically (ie, SEC/NASD), the three, free round-trips you get refer to round trips in a single stock...
however, brokers may impose their own interpretations--eg, the $25k minimum balance for daytrading account: some require $30k *cuz* $25k is the minimum... Make sense? There's the regs, on the one hand, then broker intrepretations on the other...
with cash accounts? better to have two or three--a little more bookkeeping involved, but well worth it
quote:Originally posted by cassity: So on Friday I bought two seperate stocks. I sold both stocks that same day, does that count for 2 strikes against me.
yep
-------------------- Spend word for word with me and I shall make your wit bankrupt Posts: 977 | Registered: Jun 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by cassity: So on Friday I bought two seperate stocks. I sold both stocks that same day, does that count for 2 strikes against me.
yep
RD? He bought 2 seperate stocks...that is 2 strikes? I thought that it was the same stock...not different stocks... with etrade and choicetrade...I can trade 2 different ones and it is "OK" but the same stock would be 2 strikes in that 5 day period..and the 5 days need to be business days...not including weekends or Holidays...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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Not sure about individual brokers, but I've had ameriturd tell me any round trip counts... I investigated it with them a few years ago when I really started reducing my hold times down to minutes. Dunno if anything has changed recently either as I have changed my focus to forex where there are no such restrictions.
-------------------- Spend word for word with me and I shall make your wit bankrupt Posts: 977 | Registered: Jun 2006
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quote:Originally posted by Relentless Despot.: Not sure about individual brokers, but I've had ameriturd tell me any round trip counts... I investigated it with them a few years ago when I really started reducing my hold times down to minutes. Dunno if anything has changed recently either as I have changed my focus to forex where there are no such restrictions.
ya, that's what I'm saying about "broker interp" and hence the suggestion to have 2-3 accounts...
learn the advantages v disadvantages of each, and trade to your benefit...
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LOL, yes, I DO Have one that is -93% NNRF) ![[Smile]](smile.gif)
