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Re: elysse1kittycat post# 21151

Monday, 12/07/2009 6:42:19 PM

Monday, December 07, 2009 6:42:19 PM

Post# of 92949
My trading strategy is that more of a swingtrader. I am not fond of the daytrade as i believe it hurts the market and have lost more trying daytrades than i ever had by swingtrading and i usually will try to keep a foot in the door if my profits allow me to do so and go long term with the stocks i like. I strive to make at least a 20-50 percent gain on most of my trades but usually will get out if a 25 percent loss has been taken because it indicates the stock just won't move without a miracle. Signs here pointing down quickly with a slim chance they will turn this around anytime soon after todays dismal results. My trades are part of my monthly and quarterly income and i don't have years to sit twiddling my thumbs and hoping like some investors do. Either a company is a hit and everyone wins or a loss and i move on and i am choosing the latter for this stock. It has almost no momo even with good news and things are looking rough as far as the approval that would make this pop nicely and make all of us long or short any real money.

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