1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.
I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.
I Hope this helps,
Juan
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My order on IGT filled early this morning.
I have now bullish positions on QCOM, BRCM, and IGT, and a bearish position on DRIV.
Previously posted charts:
4 comments:
Juan,
Retracement watch on FDX, GGC.
Good anticipation of AAPL today by accountholder. How many got in before the rise today?
I am currently in IGT, XLNX and QCOM.
Looking for an entry into BRCM tomorrow too.
Glad to see that you are now only risking 10% of your trading account on one trading idea at a time. **Smiles**
fortitude: Now you'll take away your compliment. I accidentally sold my great position in AAPL when I panicked. CNBC said they were raising iTMS prices, and I thought that would be bad new so I sold when the stock was maybe 64.35 or so. It was a terrific profit but premature to say the LEAST! I do have another silly position in Dec 80 calls. Just a gamble, a fling and gosh there's a chance it could pay off bit if AAPL keeps moving. But I'm out of my CRC and feeling stupid as can be. I thought I'd buy back on dip, but by the time it dips the stock will be 100. :(
accountholder,
You sold at a profit, that is the important point. When it gets too much exit. You did what was right for you. Don't feel that you did wrong. We are all learning this.
To me the most important question is: can you reproduce what you did to gain a profit? did you follow a system that could be used to pick other stocks with the same success?
The most successful stocks of the last 2 or 3 years, triggered my system at some point. So it follows that we should be able to pick such stocks and make the most of each of them. BUT that is not enough. For every successful stock that triggers my system there are some that don't (maybe 2 or 3), so you must learn to eliminate does before they cause us losses that exceed our gains with the winners. The balance should be large profits.
We are still obligated to exit stocks that have exhausted their bull runs, and that is also difficult. However, the AMZN trade shows that with routine profit taking and reducing the risk around earnings is a viable solution. The use of CRC's is well suited for the taking of profit in the short-term, while leaving the door open to larger profits in the long run.
I suggest that you do your own modifications to the system, but try to stick with something that can be reproduced. What you want is not make the occasional killing only to lose it again. The goal here is to make profits consistently, no matter how small. Think of it this way: are you beating the S&P 500? of not, then you need to refine your system.
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