Wednesday, June 15, 2005 5:09:00 PM
Emotion & expectations have nothing to do with my trading style. I don't expect anyone to trade the same as me. My plan was followed and buys & sells targeted before I entered. Plan and simple, my sell lump target was reached and I sold and am very happy!
Was I wrong to sell, when more will probably come, NO. Would someone else be wrong to sell because I posted I sold, YES!!!
The reason I post my buy/sell moves, is to back up my big mouth. It's stick to your targets, that I'm trying to show. Not I'm good at trading. Hope most realize that.
I see a continued climb and am very close to my next trade plan being complete.
Basiclly I look at company DD wize, study charts and TA indicators, and decide how much cash to tie up for how long. Then I pick targets. Place buys and sells when targets are reached. I will re evaluate my profit sell target, just as they become in veiw and raise them if warranted, but NEVER change my time & profit lose targets.
It's called working a plan and the main thing I'm trying to get across. Learn to develope a trading plan that works within you personal desires and needs and stick to the plan.
Many times this plan will not generate the results you want. But the goals you want will always be meet. Be them positive or negative. You will always know what to expect in your trade! My personal goals are based on time to tie money up, and percentages of profit wanted vs. percentage of loss, I will except. I always succeed, because I never get results that were not planed for!!
The real trick is developing the tools to choose reachable targets. You have to pick targets that all the vairable you look at will support. Over estimating will make your targets out of reach and you will end up closing out more trades because your time limit was reached, then your sell targets!
Best to everyone in finding and developing their indvidual plans!!!
Success !!! http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!
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