Mostly: Classical

[Sexton O Blake]

Yeah Crammer helped my CPST get to the $5s. Made money and hold a wee bit still.

My biggest problem is that when I take a peek at the intraday time frames I let it affect my trading plan. I bought based on the setup on the daily and I am going to sell based on the technicals on the daily.
I am constantly battling the "voices' however.


My dad use to check the paper the next day and then could call in to get a quote. Figures the ability to watch your stocks on Yahoo! et al (and even Streamers on the brokerage sites) just sucks you into trading more.

John Kaiser (Bottom Fishing Guide) says to sell on the way up and sell on the way down. Essentially he provides fundamental analysis of resource plays that sit in the low pennies (can be anywhere under $1 but mostly under 50 cents; 20-50 range). So the theory is you are buying a large quantity and can, as it moves, start unloading chunks of it.

I had a dot bomb winner - sold on the way up and like a deer caught in headlights didn't on the way down. Did well but could have been living mortgage free today. (I survived and love it all still so that is well behind me with a chuckle).

Your lack of profit taking - well I figure as stocks rise and rise and rise there should be some plan to sell say 1/2 or 1/3 or 1/4 as soon as it drops off - say 10% or 20% - in other words, plan on your exit before you buy and buy enough to make it reality. So if you bot a $100 stock and could only afford (based on cash and/or risk) 200 shares, how could you possibly sell that in chunks? Feeble. So you don't look at those stocks. At 20 you could buy 1000 shares - so you hold - and it goes to 60 and then drops - at 15% drop to 51, you would sell 20% lets say, or 250.

Many angles -
A) Sell all of it once it falls off the cliff
B) Sell say less than 30% of your holdings in order to recoup your investment costs - play with the freebies
C) Sell a % as it drops % (described above)
D) ?? (do you have a strategy at all?)
E) ??

Any way you look at it - you gotta be selling. I am not in favor of the "dump it all" approach. Because I fear the turn around and runaway.

I can have a good entry - say on a simplistic level (ignore EVERYTHING and go with this) - if the stochastics is DOWN and below 20 I buy. It then rides above/along 80 and then as soon as it drops to say 60 or below I sell. The stock re-entry would be at "below 20" again right? But what if it goes to say 45 and then reverses and then takes off. How do you re-enter? Not part of your strategy.

So to explain further VTIV.

So lets say I sold on Feb 9th after a good run.
The buy back would be around Feb 23rd.
Out March 3rd.
Never came back to below 20 - and off it goes without me on a great run.

Easy to have sell places but again the re-entry. I'm not saying it is GOOD to re-enter because around March 6th who knows what the world will give us as we only see the left side of the chart. But it is a problem.

So enter the MACD - it went negative around Feb 9th yet didn't around March 3rd. So I would have stayed in.

Dunno. But whatever it is .. I am going to come up with something and stick it out and try it. And I know the only way that will be even close to be possible is using stops because I have proven time and time again that I tend to "believe" it will turn around and it never does.

I have RUN (Reunion) and made money in the 80s before (bot in the 30s). Well it went back down to 20s and in the summer spoke of debentures and can't pay debt and I was laughing. But nothing happened to the stock negatively and it came back - well it is 141 now.


Today it was going down and at about 1.25 I put a sell of 1/3 of my shares at 1.32. I get to work and it was 1.55 (F*ERS!).

Its a no win game. Can't look at it as not getting 1.55 but instead I made about $1 on those shares in profit and still have 2/3s left. That is more important than woulda coulda shoulda.

Thanks for the copper stuff. I will review that. I hear there is a shortage of pennies. Now whether or not a weekly will get me excited.. well one thing in my handle does and weekly copper doesn't share that...

Sexicus..