To the person who PM me..also posting on forum because I get asked these things many times.
My goal is .10 a day . I usually buy 10k shares in a shot ,but many times I buy in lots while stock is moving up ,end up paying higher average PPS but still get my 10k. Sometimes I get stupid and buy more,not recommended :D
I'm a very calm trader,not much fazes me,but when I'm in a slow moving stock it drives me up the wall..I can't stay in a slow moving stock all day in order to gain a penny or 2 or break even or lose a penny or 2.
I need to get in and out in several stocks to make that.10 and slowing moving crap takes up too much time of the day to achieve my goal. That being said..slow moving stocks is not the reason I exited today's trades,main reason was ,trade was going against me.
If you look at my trades (today for example) when I exited, you'll see it was the correct thing to do at that time for my style of trading. There's no hoping it rebounds ,I try to trade what I see,not what I hope.
Also..The more trades ya make, increases your odds of making that .10 ,and being stuck in a snail moving stock doesn't work for what I'm trying to do.
If I catch a runner,that's great,but that's not what I'm looking for.
In addition...I need action,I enjoy trading.
Slow moving stocks aren't enjoyable to me,matter of fact ,makes my blood boil. Fast moving and I'm as calm as a cucumber,go figure.
Total for day +.05 = $500 . Only reason I'm still green is because I exited the trades as soon they went bad.
I don't give a crap if it goes green later in the day,that's hindsight because it could have just as well went down even further.
I can tell you something really stupid I did,I'm still green but could have been much more green big time,and that is EKSO. I broke from my style of trading. If you read my posts on EKSO you will understand how many I bought and at what price. I let my beliefs and hope get involve.It's a good long term stock ,but I messed up and losing profits.
