Replies to post #19063 on lowtrade

[boogaloo]

Picassa, Not sure. Depends on whether you prefer capital turnover and potential to make nice % gains on other trades, or if you are willing to let TLR just sit there tying up your $$ in hopes that it'll do what you want it to do.

I know it could jump up without notice, but sometimes a trade just doesn't work out. Nobody says you have to make most of your gains on 1 stock. I stopped out of ERES today, it was behaving very wacky... but it's out of my mind already, instead of trying to figure it out. 5% loss on that one. My other trades have offset that and given some profit this week.

[lowtrade]

Stress, emotion, and large losses.

I can't help with anything above.

They are best the reason to learn how to trade!!

That I can help with.

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I'm starting to think you aren't reading anything except posts about TLR. We ALL know what it feels like to hold a position past when we should have sold at. We ALL are on your side. But we can't return to when you should have sold at.

So all anyone can say, is think about capital perservation. That is to learn to take your loss as soon as possible, when (hold) indications no longer exist.

Or your stressful, possible large loss, will turn into a HUGE one. If you see a red day from the start, unlike the last 2 days which started with an AM gap up, expect to see the $1.07 gap below to fill very fast!

IMO don't wait once it starts heading in that direction. I know what motivates one to find others which support your hopes for a run. But they are only opinions. We all have one.

There is one more thing I really shouldn't mention to support your hopes. But I will.

The chart went from a reverse heads & shoulders play, to an up channel play and is now forming a possible TEMP job pattern.

If this (hold) turns into an up channel continuation, all is OK. Keep playing the up channel. But if it breaks down and fills the gap below, that pattern will become NULL.

And a new 3 leg 3 month run, with a 6 to 9 month walkdown pattern will show up.

The positive to that happening is usually with that pattern, there is an attempt, in month 4, for the price to recapture previous highs.

It doesn't make it all the way back up, before the long walkdown takes hold. But it does usually give a bag holder a chance for regaining some of the losses.

So here's what to watch for, if it dives to close the gap below. You want it to stall (base) at that gap fill point for a few days to a week max. If that happens, it says traders are not ready to give up yet and it pops up to 50 or 75% of the the previous high, from the stall/base point.

You can get in on that pop. Remembering to sell the minute you see the exhaustion candle, red day following, exit signal.

Then just walk away, happy you got any losses back at all. Because the next thing will be a long drawn out walk down.

Re cap;
Your at a hold.
You need to take loss fast if it dives.
You need to continue to trade the up channel if it continues.
If it continues, this time sell at the up channel top trend line!!!
If it dives and stalls, buy back in on any new pop, during a 3 to 5 day stall. Then sell as soon as that pop shows any sign of reversal and walk away!
If it stalls longer then 5 days give up, walkaway.