Buy/Sell

[Jerklian]

Terrific, thanks

...dekuji moc

[Airelon]

... prosim

[gijoe9]

Decisions Decisions no easy recipe for making them. Every one developes there own style and learns to manage their risks/money in a way that is comfortable to them. The only problem is that many times that style is not very profitable or contains unexpected risks. All the technical jargon aside you have to learn to assess situations as they present themselves. Buying a stock at a given price and deciding to sell if it moves +10% or -4% is all well and fine but what about the situation that makes the stock move? That needs to be addressed as well and added to your evaluation prior to deciding to sell. Maybe news comes that makes it desirable to sell at +3% and with the low investment take a hit on fees.

The bottom line is that you do your best at the time and don't be afraid to change your mind as the situation dictates. Beyond even that though is the simple need to improve your ability to make these decisions based on your cicumstances.

[Jerklian]

That is something I am still trying to develop philosophy on. I think for trades it should stay pretty darn mechanical. I suppose it is good to remain flexible to a point but I like to bias entry with some sound research and then wait for some technical setup and entry.

With investing you need to use some other analysis as well while the position is ongoing. I would not DCA a stock that is down 20% because it just broke north of a bear flag...

But still - I really feel like going with Ed Seykota on this and forget about trying to predict anything. Maybe it makes me feel good to try and predict what will happen as a reason for getting into a stock, but everything else seems better left to money management and exit srategy or trend riding (Ed's way). There have been plenty of positions I've been in that news makes me think that I should definitely do this, only to see a completely unexpected reaction. Maybe with time you get better at this, however, I haven't seen a consistently good commentator predict movements based on anything other than price action.

*note - all statements double as questions - that's why I'm posting

[moneyman]

Use a trailing stop loss. If the stock price falls by a pre-determined amount and the stock is sold, then it was the right time to sell. This will help minimise your losses.