Don't you just fucking hate it when...
 

You buy a stock first thing in the Morning when the market opens and you sell it off in under half hour and make about $3,000.00. Then you drive to work all happy that it was the quickest $3k ever, and by the time you get to work it triples and you could have made around $9,000.00 instead. WHY DO I SELL ALL THE TIME!!!

Man I hate that! :Oh crap

how do you know which ones to buy/sell

I pick the ones that go up and down a lot, like the banks, financial institutes. I need to tell myself, anything up is better than nothing and not let it get to me. But man it kills me.

ok question, why wouldn't you let it get to a certain price then set a top loss on it and see where it goes. if it triples, great if it tops out and comes back to your stop loss you still are going to make a profit, either way you win right?

Good question.

Because I never know where to set my stop loss. Sometimes I'm cool being up 500 bucks but then there's times like today where its much higher. I don't like setting limits because you never know what that stock is going to do.

But your way would have made me the 9K today. :thumbsup

Dave forgot the stocks , we go to Vegas and put it all on black !!!!!!!!!!!

:1orglaugh:1orglaugh:1orglaugh

Better 3k then nothing.

I don't gamble. Although I think the stock market is a Bigger Gamble.

damn, thats still good. ive never had any luck with stocks.

I know one thing, my stocks always go way up as soon as I sell them. I can always send you my stock tips as I sell. You would be rich. :1orglaugh:1orglaugh:1orglaugh

most home traders lose, yeah they win on some lose on some but at the end they lose, so the fact you always make money even a few bucks on a trade you are ahead of the game

I hate really hot weather and I love the rain. What's a stock?

High frequency trading is where the big bucks are at.

So up the stop loss as the stock goes up, figure the amount of fluctuation in price you need to leave room for so you don't sell on a dip and your good to go. The only thing your limiting is the loss on your gains. In this situation I would have set the stop loss at 6% below your $3000 gain to start and then moved it up every time the stock went up, always lagging behind just enough to avoid the ups and downs in the price.

See I am good at making money when I get lucky and pick the right stock, but I suck at picking the right stock.

You really sound like you know your stock market tricks when picking the right stocks.
Want a job? :1orglaugh

Good info. Thanks for the tips.

Sounds like the only thing you bottom out with is your Ferrari :winkwink:

No, My lambo was lower then than Ferrari :Oh crap

I jinxed it with the quick 3k yesterday.
Lost a bit this morning so I guess it all balances out. :thumbsup

Yes... i hate that, sucks

use the cover your ass method
buy, it it goes up sell just enough top make your money back, maybe with a little profit and watch the leftover stock go up ( or down )

At least you've got something , and its definitely better then nothing

LOL, np. Now if I could just learn to follow the trends like you do...

I've never been any good with stocks. It's just not for me.

I took a little hit this morning, not every day is a good day. But you seem to have some skills there. Maybe write a book and make your money that way with the stock market. :)

Isn't that rather...greedy? I mean you did make 3k instead of not playing at all and making a shit-load of dog crap, right?
Why bother, there's more where that came from. Whenever you claim something there's always something better just around the corner that making you regret your choice. That's the easiest way to depression, my friend. Instead of thinking how wrong your choices are be glad you made them in the first place and you have the power and skill to make them again. :2 cents:

I bought Apple years ago at about 9$ a share.. Sold at 110. I think it was.. But im happy look at the profit I did make.

That was very well said and very true.

That's really good. Congrats. Can't be greedy in the Stock market.

Please also mail me :thumbsup

how much $$ is involved to make it work?

That all depends on your budget, penny stocks are always fun to test with but also have a higher risk.

I don't think there is Dollar amount to make it work. You just need to stay focused and watch it closely especially with the way economy is now.

You gonna lose 10 years or more off you life doing that :2 cents: I am pretty sure shaved more than that off my life from all the stress. Now I just swing trade for a few days or weeks at a time.

just not to closely... I find there is a fine line between keeping an eye on it and obsessing, when I obsess and don't set a stop loss I always screw it up.

If they always go up when you sell send me the list too!! :winkwink:

Keep an eye out for my email. Just give me 5% for a referral fee :1orglaugh

Very true, it needs to be a side hobby for sure. If you are obsessed with it, not worth the stress at all.

If you made 3k trading small daily swings, your trades are at least in the lower tens... you doing it for the rush, are you? Beats the fuck out of vegas, sometimes? :)