Friday, July 23, 2010

Rule #1

Don't argue with the market. If it wants to go up it's going to go up. We've got some new cards it looks like...you never know for sure though.

8 comments:

Click56 said...

Hey Coach,

I was asking the other day how do you manage your trades are give us an example of one of your past trades....ie..buy all at one time, scale in. This is a personal question, because everyone is different...I just wanted to get an idea.

I got INFA and RVBD on my list too :-)

met61 said...

Do you still primarily buy the breakout and on the exact day it occurs?
Thanks,Ron

met61 said...

Do you still primarily buy the breakout and on the exact day it occurs?
Thanks,Ron

Solitary Trader said...

It all depends. If I am in profit and if everything is in my favor, then I get in very quickly. If I'm struggling, then I move in slowly. Once I get into profit, then I get bigger and move faster.

It's like the card analogy. If you're winning at poker, let's say, then you have confidence and cash. If you get a good hand, you're going to take full advantage. If however, you haven't been getting any cards, then you play more conservatievely until you get a few wins under your belt.

guy said...

The cards analogy is a good one!

FMT said...

Hi ST, I just dropped by to say hello and to see how the market has been treating you. All is well?

Solitary Trader said...

All is well!

FMT said...

Hey ST, I missed your posts. I would love to hear your take about the market and stocks you follow from time to time. Thanks