One more thing Jack. I am sure you are aware of it. Just saying.
Taxes are different for long-term vs short-term holds. I believe you are holding since last year. So a balance must be struck between longs and flips.
It is important to spot the top in my opinion. When the ticker runs with dips on the way up (intraday charts), its a healthy gain. However, just before the rally is about to expire, the intraday chart lights up with green candles (no red) - that's a short squeeze and not regular buying / selling / flipping - that's where I would start to worry. Could be at any PPS (example 7.00 - 10.00 in the upcoming run).
Fannie has been good to many. With patience, it will be good to many more I believe.
It is equally important to block the 'sound' from the world around us. I only come to this board to feel the 'buzz' - what folks are doing, news, etc AND to learn from experienced traders (there are a few here) not about this stock, but the markets in general. Its good to buy/sell based on one's own calls. That way, we can accept our wins / losses on our own and not regret listening to some one else calls.
Am in touch with VeteranTrader for a while. We play very similar tickers.
John CM is a good man too - lots to learn from his balanced posts.
Dr Key (rare here) but good trader.
Blue suggested me a book "The intelligent investor" by Benjamin Graham.
I had a good chat with Obiteridctum the other day about Hedge Funds investing and Algorithm trading.
Many others, I am just forgetting names at the moment.
As I am not trading for a while now (lack of good tickers in my watch at the moment). I am doing more research - trying to improve my strategy in this period.
P.S. I am only 4 months in the game. So this is just my opinion.
