Another thought just to throw out there -
I've been analyzing my positions on stocks, the pyschocology of it all and I think in the near term I might start to trade a little differently - I know other people have been known to stop by here and some might disagree, but let me know what you think:
I've done really well so far on stocks that I analyze the Technical analysis, do some quick research on, see that it's probably going to pop soon, and then play the runs. Nothing spectacular, but 1.4k here, another 1k there, one day quick hits and then out. I'm still favorable of the company and still like it long term, but if I don't do that it seems to either take a slow ride south before it builds up more momentum, or just stalls with all the heightened exposure and MM activity - enough to drive a man crazy.
The other mental game I deal with is that if I accumulate stocks, I more prone to hold long and watch a stock stall or fall. I start to do the mental calculations - "If this thing goes to a dime, I'm set!" So far, it hasn't happened. I'm relatively new here, but I've traded stocks on other indexes and I've followed stocks for 10 years, so it's seems to be pretty consistent. Also, it's tough to unload a lot of shares and I'm less inclined to part with some shares, knowing they "could" be worth so much more in the future. Since I don't have a huge amount of capital to sit and watch right now, I might take a more liberal approach and have two accounts. Maybe keep my Ameritrade account just to hold stocks long in, like CHNW, but everyday, if I have a little freed up capital, I think I can roll 1k here and 1k there - It's not amazing or anything to write home to mom about, but it's a steady flow and I stay one tract and sharp with stock trading, not second guessing, you know what I mean? Maybe I'm talking out of my butt here, but does anybody else feel this way sometimes?? It's more difficult to manage and not marry a stock when you start accumulating it. It's easier to stay fluid when you constantly cashing out and have cash to reinvest...It's not a popular method with the veterans, but it does keep the market honest and it keeps me @ peace without feeling trapped into a stock or stuck, because I'm out of capital and I'm even with all my stocks waiting for the next big jump, because it's dropped 1/2 it's share price. Just a thought...
I'm actually in a good place - closed green today, but it get's old watching the same stocks day in and day out holding for the big ride...knowing I might get locked out, or shares released or just because of life's demands miss a day because of work, only to realize it jumped 200% and the dropped back down...
I guess I'm just brainstorming...but I'm still adjusting my strategy here - thanks for listening...
Remember the Widows and Orphans.
AI
