Great post my friend. Spot on ... I consider myself to be an intermediate investor right now. I am learning EVERYDAY. But, because I'm still quite new, I think I'm quick on the trigger to buy and sell. My thought is I am OK with selling prematurely compared to holding too long. But, I want to cut down on the early buying, though. I LOVE charts. I'm still learning. I work all day. Come home and spend time with my wife. Then, the rest of the night is spent learning about stocks, options, charts ... etc. :)
I do like SLV as of the past couple weeks. Bought, sold, and bought again. Already up on it again. This time, though, I bought a weekly instead of Feb call.
My thoughts on the GOOG call ... I'd like to hear your thoughts. Like I said earlier, I like to learn and I'm always up for advice from others. So, I'm all about hearing what others have to say. My thought on GOOG is that there was all kinds of panic selling. I'm not saying that GOOG is out of the woods. They seem confused on direction. They have their hands in many areas, but to me, they are just good at everything instead of excellent at a few things. Back to the panic ... they look way oversold on the 50-day because of the panic. The 1-day towards the end of the day, they started to rise again. My thought is it will bounce back to about 600 because of the panic and I think it will start this week, if not tomorrow.
Once again, I'm still an intermediate. Any thoughts or suggestions to my reasoning are more than welcome and very appreciated. Have a great night! Thanks Breakout!
Steve
AI
