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hesse

03/13/14 10:46 AM

#2075 RE: Ned Serious #2065

Timing. Funny because I'm trying to study you and smurfs trades for timing buys.

And to be honest, today's exit really was more lucky than good. I pretty much exclusively use limit orders when buying or selling.

I had the limit order in and ready to go while watching level II. During the spike in price there were large blocks on the ask and it was just mowing through them in a blink, not even hesitating. I was ready to sell anytime it looked like it might be slowing or struggling at a block. At that point I was grateful to get a second chance.

Eventually I felt like I was pushing my luck and saw plenty of shares on the bid and took them.

The trailing stop idea sounds less stressful! Might have to try that once and see.