posted
It looks like this 3% deal is over for awhile. SIRI more than likely to do a R/S later in the year. Not much left since I bought in a $2.05 and it's trading around .40. I wish I had got out the day before the merger when I was up 30%. Never would have thought that once approved it would drop like a rock. Kind of a perfect example of something that didn't meet the profile for what I was looking for and I jumped in anyway on a gamble that the approval would let it take off. Wrong on that one.
IP: Logged |
posted
Well, I'm done for quite sometime SIRI is pretty much crap now. I'll go thru the R/S and just leave it in my account for years and maybe something will become of it, maybe. I'll give this 3% a try once I come up with cash which doesn't look to be any time soon with the construction business in the toilet at the moment. I have been trading out of the wifes 401k the past month and not doing to bad there. I've added about 5% to her balance. So I'll be back and this time I won't deviate from what I am supposed to be doing which isn't play a stock on a whim. Another lesson learned. God does it ever stop!!!!
IP: Logged |
posted
Great news for me......... nope SIRI didn't go up. My wife seeing me so depressed I couldn't gamble on stocks anymore opened an account for me. So sometime next week I am going to pick up where I left off at $3,400 and try it again. I would have to look but I believe I have 500 free trades and $5 a trade thereafter if I'm still kicking by then.
IP: Logged |
posted
Nice one. I actually sold at 3.06 from 2.30ish average. Had more than half of my 401K/IRA in it, so that was pretty nice. Can't say I hope it keeps going for you, since that would mean gas prices go back up, but I wish you luck anyway.
IP: Logged |
quote:Originally posted by tman75: I got in dxo at $2.08 last week and pulled out today at $3.20.
Hey I use sharebuilder and that sob won't let me purchase anything I really want. I wanted to get DXO when you guys first started to bring it up around the 1.60-1.80 range I believe. What broker do most of you use?
IP: Logged |
posted
depend what kind of service-product you want watch these:
successTrade - Lowtrade - Just2trade (same group)
firstrade
tradeking
choicetrade
quote:Originally posted by AJGrano:
quote:Originally posted by tman75: I got in dxo at $2.08 last week and pulled out today at $3.20.
Hey I use sharebuilder and that sob won't let me purchase anything I really want. I wanted to get DXO when you guys first started to bring it up around the 1.60-1.80 range I believe. What broker do most of you use?
posted
In C this morning a little to early at $4.34 no worries though as I feel confident it will go up some from there. Still in KEME poor choice on that one but it has been holding steady around .28. Sold SNDK earlier this week for around a 6% loss.
IP: Logged |
posted
still holding KEME at a little more than even money at the moment. Should gain some ground next week since it's been on the way up. Still in C but no worries on that just wished I had waited to buy a little longer. Selling half my WFC on Monday, got in that for 1k at 9.85. I should have sold at 18 a couple weeks back and bought back in but never did. I was holding out for a double to dump half and ride the rest. That's Mondays plan.
IP: Logged |
posted
jg...a quick 3-10% could be made on XRM or BEE. Try to buy after the morning dip and hold for about 3-4 hrs and you'll have your percentage.. GLTY
quote:Originally posted by jgrecoconstr: Boo.... hold onto it for that 52 week range of 6.49. that would be awesome!!!!
and pass up stopping at 3%???
also watching some of the builders to see if they can dip back or keep going CHB BZH HOV and started to look at CAV but that one has a lot of dust on it.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
IP: Logged |
posted
Boo I've made some bad picks and bought in at the wrong time the past few months. I'm still doing the small % gain, I mean it's on my mind but I'm kinda just letting things ride. I'm up about 700 on KEME but not ready to sell just yet because it has been gaining ground slowly since it was delisted months ago and tanked. There aren't many stocks that fit the profile I was trying to trade from last year. All those established support lines have all been broken. Good luck today!!
IP: Logged |
posted
I try to watch the charts for the most part. Just sold half my Ford the other day since it teetered. imo it's a lot to do with support and resistance and risk tollorance as a swing trader. Keeping the stop loss ON and watching fo the major resistance points. There are certainly plenty of decent stocks out there. After the big sell off in March and thier bounces i'm looking for many to consolidate. I keep my practice account going also to keep practicing moves like GCI made and some others that are breaking or trying to break out. just a matter of taking the time to find them and do the dd. Still working full time so i may play many on my practice account that i don't play for real since i can't be on the trigger. anyway, just rambling. cheers
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
IP: Logged |
quote:Originally posted by jgrecoconstr: Boo.... hold onto it for that 52 week range of 6.49. that would be awesome!!!!
and pass up stopping at 3%???
also watching some of the builders to see if they can dip back or keep going CHB BZH HOV and started to look at CAV but that one has a lot of dust on it.
CHB BZH HOV each gave a bit more than 3% today PMI on the otherhand ...... yawn
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
IP: Logged |
posted
jg. I just uncovered your thread. (Only took me a year eh? LOL)
Good Luck to you!
I would like to give you a pep talk and a few recommendations as you take this on a second time.
Keeping your money in cash is a form of taking a position. In fact, it should be your primary position. If your cash is spending more time in stocks than it is in your account than you are taking unnecessary risks.
For this type of dip and dunk trading MOMO is king. Don't try to call bottoms or get in on the ground floor of anything. Predictions are for speculators. You are a shark that only moves in when the smell of blood is in the water. Look for movers that are already well into their bounce but show no signs of slowing. If the trading even starts to lag - sell. If it is taking you more than 2 minutes to decide to sell you are not being assertive enough in your exit decisions and will get caught again.
Never never never never never never never hold overnight! If you feel you should be holding overnight then you are either A) In a runner and no longer playing the 3% program. Or B) in a stock you should have sold hours ago.
Always keep your head in the game. This program is about 200 trades, not 200 investments. You are Donald Trump...if your stock is not performing as expected "Fire Them!"
As your zeros grow the zeros in the stocks that you let yourself invest in should shrink. I.E. when you have 3k let yourself trade down to $.01. When you have 10k only let yourself trade down to $.10. When you have 100k (WHEN...not IF!) only let yourself trade down to $1.00. When you have 200k only let yourself trade down to $2.00. When you have 300k only let yourself trade down to $3.00. Et cetera, Et cetera, and so forth. This will keep you in stocks where your coin is not likely to overwhelm the trading patterns. (You should always check the OS prior to entering just to be sure. Never own more than what is trading over a few minutes span. Never own more than a full percent of the OS.)
Remember your goal above all else. This is not about the company, this is not about the stock, this is not about news or revenues or profits or dividends. This is not about ****ging, this is not about friends, this is not about other traders and their opinions. This is about 3%. Period.
Cut SIRI. Now. Your last post says it all.
quote:Originally posted by jgrecoconstr: If SIRI keeps this up I'll only be down 50% in awhile.
This stock and the loss you are not willing to accept is making you feel defeated and helpless. You cannot succeed with this type of program with that kind of baggage! It is slowing you down. Cut it away from you...take a week off...shake out the rest of your emotions...and when you come back SIRI did not exist. Always: the previous trade did not exist. That is the past, your head needs to be continually focused on the present. Be ready to hit sell the second the stocks start doing something you don't like and move on.
In the future don't 'think', 'KNOW'. If you 'think' XEM is going to go up 3%? Don't get in. That isn't good enough. 'KNOW' XEM is on fire, is going to go up 3%, and it is going to do it within the next 45 minutes. Be assertive and uncompromising like you have never before been in your life.
And behind all of this, every single time you sit down to the computer to do anything that has to do with stocks you are to say out loud as your mantra "I deserve to be happy. I deserve to be healthy. I deserve to be wealthy. I am going to take what I deserve."
Every time you sit down to the computer your sole focus should be on taking what you deserve. Do this and your mind will be in the right spot to make the trades you need to succeed.
My only request - after your time of single minded focus is done...When you have succeeded and taken what you deserve. Don't only make your life better. Make the life of someone else better too. The world is full of people looking for an opportunity. You are now one of the few who has learned that opportunities are not found. They are either given...or they are taken. First you take...then you give.
Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues.
IP: Logged |
posted
Big, after that pep talk I think I can own the world. Thanks for the wisdom and I agree with everything you said to the "T". I will be honest though, there have only been a few times when I absolutley knew I was going to get the 3% on a trade the day I bought or the next day. Some took longer than others. SIRI I wrote off along time ago as a lesson learned, I bought on a gamble on that one it didn't fit what I was looking for but the news and pending news was promising. I should have dumped it when I was up but held for one day to long. The greed got me on that one but lesson learned. I'm going to get back to it seriously in the very near future maybe a couple weeks when things slow down for me here. Thanks for the advice and I'll try to stick to it.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
GLTY
