Stewie, just wanted to let you know about the CCME trade. I was at work last Friday, when I happened to see your email recommendation / alert for CCME that came out late in the afternoon. I went long at 15.87 and sold this morning (Monday) at 17.29 for a 8.9% gain. Thanks a bunch!.
(Shirish) Rxtrader
(Shirish) Rxtrader
Well this is interesting.
ReplyDeleteActually this stock did not trade as high as 17.29 on monday Jan . So unless we are talking different dates, this is rubbish. Stewie, what is your take on this please?
LOL.Shirish made a mistake obviously. Today is Tuesday, not monday! He sold it TODAY(Tuesday, Jan. 4th, 2011). How dare he mess up the wrong day of the week?!! ;-)
ReplyDeleteI stand corrected. Bought on Friday (12/31)and sold THIS morning- Tuesday - at 17.29. Nothing rubbish about the 8.9% gain!
ReplyDeleteI stand corrected. Bought on Friday (12/31)and sold THIS morning- Tuesday - at 17.29. Nothing rubbish about the 8.9% gain!
ReplyDeleteWell that is good to know. Obviously this stuff is not to be taken too lightly as it does impact on your reputation. I would also just suggest that it might be good to see some closes on your setups. I have followed quite a few without subscribing and a lot of them go absolutely nowhere. That is not to suggest that one cannot make good money from these really excellent ideas, but in my book a trade has both a start and a close. Getting in is easy. Getting out is harder. Lots of good and free trade ideas on the web ... Very few are followed through. Wishing you a magnificent 2011 !
ReplyDeleteI post setups daily here for the world to see for free. I give areas of where i would place my trigger points to alert of POSSIBLE entries. I DO NOT TAKE EVERY setup i post here. Not even close. Some members play the setups but i only try and play what i deem are the BEST setups. Just because a price triggers, DOES NOT automatically mean a trade is executed. There is a whole lot of stuff that goes into why i decide or not decide to take a trade! From the setups that you see me post here or on twitter, i might officially take 10-20% of them. Hope that makes sense? Wish you a happy 2011 as well!
ReplyDeleteGetting out of a trade is the toughest facet for a trader to learn and execute flawlessly, in my opinion. Entry is easy and can be completed without any thought, right? Right. Managing YOURSELF during the trade is paramount. just my 2 cents.
ReplyDeleteKeith
thedailyeminitrader.com
I disagree with the "getting in is easy, getting out is hard" idea.
ReplyDeleteThey are both as easy/hard from a practical standpoint, it's just that we as humans tend to attach our emotions to our actions and that's where the trouble begins.
Entry & Exit have to combine to provide EDGE (E>0...). There are countless ways to do that, but we have to choose, and stick to, one...
Obviously all of the above is IMO :)