Comments on: Lack Of Patience And Discipline Causes Trading Losses

By: artificialwings

artificialwings — Tue, 14 Apr 2009 04:20:05 +0000

nevermind about the pattern day trader thing

By: artificialwings

artificialwings — Tue, 14 Apr 2009 04:17:19 +0000

Tim– do you see anything wrong with trading OPTIONS instead of actually trading the stock, so long as volume is good compared to open interest in the option? It saves a ton of $$ on commissions, absolutely limits losses, and avoids pattern day trader shit.

By: sebarich76

sebarich76 — Tue, 14 Apr 2009 02:14:17 +0000

nice after market

By: lazydeveloper

lazydeveloper — Mon, 13 Apr 2009 21:25:38 +0000

Thank you for the reply Tim. I am still learning and your rationale on the boards defiantly helps for future plays.

By: timothysykes

timothysykes — Mon, 13 Apr 2009 21:11:42 +0000

this is not up due to the market, its a technical breakout/penny stock momo play, aka perfect, gap up 10-20-30 cents and hopefulyl a morning spike, just gotta get more traders involved

By: lazydeveloper

lazydeveloper — Mon, 13 Apr 2009 20:38:04 +0000

I was looking for this stock to hold $3.30 by the end of the day since it would create nice support (on the sideways price action at the $3.20 range) for the morning panic. This stock fades with every down tick of the market and will quickly drop to $3.00 support if the market opens negative tomorrow. I like to have support going into the mornings and the $3.00 support is a potential 20-cent loss for those holding larger positions (since time is needed to unload). If your not planning to watch this like a hawk tomorrow then I wouldn

By: venu.gandi

venu.gandi — Mon, 13 Apr 2009 20:27:22 +0000

GS posted double the expected earnings… just wondering how this is going to effect us… news on cnbc…

By: Spit

Spit — Mon, 13 Apr 2009 20:17:07 +0000

Why would people try to short this on that amount of strength just on the breakout? is it in case its a fakeout?

By: HopeSolo

HopeSolo — Mon, 13 Apr 2009 20:09:22 +0000

Tim: I hear ya, didn’t even think of that. I’m so trained now into taking small losses, I kept thinking, who would let their losses run this large? Haven’t even though of all the people trying to short it on this break out. Thanks for that. After hours momentum looks nice at least. Hopefully no bad news overnight into the morning…

By: Spit

Spit — Mon, 13 Apr 2009 20:05:09 +0000

im in 800 at 3.21, rubbish entry.