Replies to post #10295 on Short Term Pinch (STP)

[SamLBInj]

Wow, That has happened to me several times. Each time it has happened is when I had to run out due work or go see a Client who just happened to show up without notice.
lost over $9,000 one time as I put in a sell (With a Limit) as it was starting to drop when I left but the Price kept going up so it never executed. The next day it Gapped way down and was almost worthless.

This is why I am not trading right now. If I can't watch it I would rather not trade in it. Once we get caught up I'll be back every day which should be soon.

Waiting to see whats going on with my Son and his Hernia and it's impossible to find Plumbers and Carpenters in this area.

Soon I think we will see the cost of a Simple Plumbing Service Call go from $150. to $180. Range to well over $400. to $500. as There are not enough Plumbers anymore and we will have to Pay a lot of Money to get Qualified help. Everyone went to computers and a computer can't go to your house and fix broken Water lines, Faucets, and Toilets...Not yet anyway :-)

This is happening in most Trades right now. Be Prepared to Pay Thousands just to get your Water Heater Changed.

[Global Interface]

Holding hell or high water to lose in both directions is a kick in the nuts. I bet more people than most would think, have been there done that and more than once.

On the other side though, I sold a $10k AMZN play after it stalled at resistance with all systems go for no gain just before stepping into a meeting earlier this year. If I hadnt chickened out and let it ride it would have been worth $53k I think it was. Doh ! !

Job one for an STP pirate is to protect that loot though. If you gonna build it, you can't let the plays go to zero on you.

Stick around here long enough and you're sure to hit a 10bag eventually though. Just dont lose more than 9 before that. LoL

Cheers to your next 10x soon.

G