FrankSpeech Network Inc (FSBN)

[andrius]

I disagree... Never told anyone to trade frequently. I suggested selling/buying a portion when extreme moves happen. If a highly momentous uptrent happens why not sell a chunk and if another big move follows sell another chunk? Then patiently wait for an extreme move the other way and buyback 1/2 your sell and then if it pulls back more buy another 1/2? Heck after buying back you'd still have extra left funds leftover to add again or buy another stock.

For a cycle to complete like this both ways many times it can take few weeks, even months. Not sure making 4 trades in this time frame is "frequent" trading. Don't even need to watch it daily to do this. Every trader/investor should have a plan for entry and exit. To take away greed factor one should pick a spot where they want to lock in profit and put orders spread out at appropriate prices according to the plan. If your target gets reached put a buy out for same # of shares 50-66% below the high.

As for accoplished charting skills and knowledge of MM activity its more for day traders, not new investors. Why in the hell would a newbie with longer term goals need to understand MM movements on L2? L2 helps predict intraday moves so why would someone holding long term care what happens on a second by second basis? If they got their plan and orders out they don't even need to be here during the day for 1 second. Checking on price after dinner at night is all thats needed.