LinkBack URL
About LinkBacks
Reply With QuoteHow can you know...
Timing is everything: All my picks had huge gains
Timing really is everything. Every single one of my pics I actually invested in had HUGE gains.
CEMJQ at 0.125
VNDA at 1.05
HEB at 1.07
My ability to pick them is good I would say but my timing is not so great. My timing is so bad that I sold VNDA a couple hours before the huge spike and a 1000% gain back in May.
I was so confident in my pick I told all my friends any they have 10x gains! I am trying to be more patient now and in doing so hope my timing improves. Missing out on huge gains like this is really getting to my head and I know I shouldn't look back.
Share what you base your timing on? You have set times/prices for entry/exit or is it based on news or gut instinct?
too bad
How can you know...
How about deciding on the percentage profit to make before e,g say 20% once the stock crosses 20% book the profits
As a general rule, I follow the "the trend is your friend" rule. As long as a stock is trending in my favor, I let it ride. Indications of a trend reversal or a move to an accumulation phase will likely cause me to exit a position. Confirmation of trend reversal or a shift in phase is always recommended. However, a lot of my decisions also depend on my time horizon for the particular stock. It has been my experience that timing is one of the hardest things to master (if one ever could) and can only be improved with experience.
On another note, some of my favorite indicators of when to exit/enter a trade are: price and volume indicators accompanied by chart patters, breakout or breakdown through a significant Fib. line, price crossing over or under a moving average, a MA crossover and last but not least a crossover of a significant RSI level. Again, all of the aforementioned indicators should be confirmed (I like to use price and volume).
Lastly it should be said that you should never be ashamed or afraid to take profits. Don't spend time looming over a trade and thinking "I could have made that much more if I only stayed in" one should do their best to remove emotions from trading as they will most likely lead to disaster. Instead, recall why you made the decision you did and move on to the next trade. After all, if you still believe the stock has room to climb (or fall if short) you can always re-enter. With time and lots of practice timing will improve.
Last edited by DogDayTrader; 09-30-2009 at 10:44 AM. Reason: Editing.
"The only thing that interferes with my learning is my education." - Albert Einstein
Yea I have the same problem, I can pick em, but manually selling stocks is my weakness, I can set a rolling stop in most cases and make a good profit every time, but I have a problem manually selling and tend to hold positions longer than I should and loose money that I shouldnt. But with every trade I learn something new, its like anything else, enough practice and you will get better at it. I have been trading on and off for about a year, so i am still a nub...lol I think by two years trading I should be doing better, it takes time though, trading is a skill...anyone who thinks otherwise is fooling themselves.
What are your next picksOriginally Posted by FavStocks
Timing really is everything. Every single one of my pics I actually invested in had HUGE gains.
CEMJQ at 0.125
VNDA at 1.05
HEB at 1.07
My ability to pick them is good I would say but my timing is not so great. My timing is so bad that I sold VNDA a couple hours before the huge spike and a 1000% gain back in May.
I was so confident in my pick I told all my friends any they have 10x gains! I am trying to be more patient now and in doing so hope my timing improves. Missing out on huge gains like this is really getting to my head and I know I shouldn't look back.
Share what you base your timing on? You have set times/prices for entry/exit or is it based on news or gut instinct?
Right now it is...
PDMI - Paradigm Medical Industries Inc
If you were using a Robotic software stock trader you could have safely road the VNDA all the way to the 1000% mark back in May.Timing really is everything. Every single one of my pics I actually invested in had HUGE gains.
CEMJQ at 0.125
VNDA at 1.05
HEB at 1.07
My ability to pick them is good I would say but my timing is not so great. My timing is so bad that I sold VNDA a couple hours before the huge spike and a 1000% gain back in May.
I was so confident in my pick I told all my friends any they have 10x gains! I am trying to be more patient now and in doing so hope my timing improves. Missing out on huge gains like this is really getting to my head and I know I shouldn't look back.
Share what you base your timing on? You have set times/prices for entry/exit or is it based on news or gut instinct?
Robotic stock trading platforms
Have you ever heard of Robotic Stock Trading? Robotic stock trading software will buy and sell your stocks automatically according to your set rules, strategies, market trends, and much more. You should look into it.Timing really is everything. Every single one of my pics I actually invested in had HUGE gains.
CEMJQ at 0.125
VNDA at 1.05
HEB at 1.07
My ability to pick them is good I would say but my timing is not so great. My timing is so bad that I sold VNDA a couple hours before the huge spike and a 1000% gain back in May.
I was so confident in my pick I told all my friends any they have 10x gains! I am trying to be more patient now and in doing so hope my timing improves. Missing out on huge gains like this is really getting to my head and I know I shouldn't look back.
Share what you base your timing on? You have set times/prices for entry/exit or is it based on news or gut instinct?
I hope your not talking about that stock picking robot site that is just a pump & dump promotion with email "alerts" and you better hope you not on the end of the email list or you will get dumped on, LOL
I use TD Ameritrade's Strategy Desk and have custom buy and sell signals/formulas and screeners I use. I am working on a better exit strategy for the multi-baggers like BIEL, HEB, CTIC, PMDI as they handle a little differently.
Thats why I started this thread to learn more about other members exit strategies and their success or failure using it.
Posting Permissions 