Louetta's Lore

[Louetta]

Got orders in for about 2/3rds of a position in RWC, AIRM and TGIS and 50% more of PWEI. Might not get all of them and might chicken out all together if the market opens weak Monday. All of these are more stocks I stole from Poormans.

[IIC]

Got orders in for about 2/3rds of a position in RWC, AIRM and TGIS and 50% more of PWEI. Might not get all of them and might chicken out all together if the market opens weak Monday. All of these are more stocks I stole from Poormans.

PWEI is a cool one...made $$$ on it twice this week...And I'll be watching it again next week...But better watch out if it ends up being my chart of the week on Sunday...last week's was DAKT and the week before was ECHO...both crushed after EPS...Doug(IIC)

[Louetta]

PWEI is a cool one...made $$$ on it twice this week...And I'll be watching it again next week...But better watch out if it ends up being my chart of the week on Sunday...last week's was DAKT and the week before was ECHO...both crushed after EPS...Doug(IIC)

I think I'm clear of earnings reports for a time except for one of my previous picks, MIKR I think, which reports in early Sept. methinks.

[IIC]

I think I'm clear of earnings reports for a time except for one of my previous picks, MIKR I think, which reports in early Sept. methinks.

Obviously...I don't know you Louetta...But from reading your posts here...IBD Forums...And from what I've heard about you...My gut feeling is that you would make an excellent daytrader.

It takes "Nerves of Steel"...or close to it (we are all human of course)...And the ability to look at things and make an Instant Decision w/o thorough DD...The most important part though is probably the ability to get the heck out when you are wrong or in doubt...The "In doubt" part is really tough. If you look at my thread you'll see I got out of NVEC way too early today although I did good...But such is life.

I DT a lot of stocks just to see them make a nice move soon after I sell...That does not bother me...I just try to grab it when I can and get on to the next thing..."Get In...Get Out...Get It Over With"...That has worked extremely well since I got serious about it in 8/04 after 6 mos of practicing...You might consider it...I have a feeling that you have what it takes to do well (Knowledge-wise & Emotion-wise)...Of course, time is always a consideration...I work in RE...and sometimes time is a killer.

Best...Doug(IIC)

[skiracer]

Obviously...I don't know you Louetta...But from reading your posts here...IBD Forums...And from what I've heard about you...My gut feeling is that you would make an excellent daytrader.

It takes "Nerves of Steel"...or close to it (we are all human of course)...And the ability to look at things and make an Instant Decision w/o thorough DD...The most important part though is probably the ability to get the heck out when you are wrong or in doubt...The "In doubt" part is really tough. If you look at my thread you'll see I got out of NVEC way too early today although I did good...But such is life.

I DT a lot of stocks just to see them make a nice move soon after I sell...That does not bother me...I just try to grab it when I can and get on to the next thing..."Get In...Get Out...Get It Over With"...That has worked extremely well since I got serious about it in 8/04 after 6 mos of practicing...You might consider it...I have a feeling that you have what it takes to do well (Knowledge-wise & Emotion-wise)...Of course, time is always a consideration...I work in RE...and sometimes time is a killer.

Best...Doug(IIC)

Doug,
Perhaps you should evaluate your time frames for holding some of your plays. It seems that you could have done much better for yourself by giving a few of them more time to breathe and develope into the winners they could be. A well placed stop will always provide the protection you need if it doesn't go the way you expect. Nerves of steel to do this. Geez, no one is even shooting at you. Well disciplined control of your emotions and strategy or plan might be a more descriptive phrase of what is required.

[Rob]

If you'd have bought NVEC last week at the open Monday and sold at the close Friday (as in the POTW) your gain would've been 44.6%! Don't you just love that 20-20 hindsight?

[IIC]

Doug,
Perhaps you should evaluate your time frames for holding some of your plays. It seems that you could have done much better for yourself by giving a few of them more time to breathe and develope into the winners they could be. A well placed stop will always provide the protection you need if it doesn't go the way you expect. Nerves of steel to do this. Geez, no one is even shooting at you. Well disciplined control of your emotions and strategy or plan might be a more descriptive phrase of what is required.

As far as shooting at me...How do you know???...My 2 sites that were hacked this week read this: http://www.schurgerviolins.com/ Hijacked by Cyberlord for Islam...What the hell was that all about anyway?

Perhaps I should reevaluate...I could have made a lot more on NVEC yesterday...but then again I could've ended up losing on PWEI instead of making .90.

I'm not saying I'm the best DT'er around...But I have made triple digit % increases for 2 yrs in a row on my dt's.

My biggest problem is work...too many interuptions...even before I go to work I usually get calls. I use stops sometimes when I can't watch.

Another problem is that I rarely know much about the stocks I am daytrading...In fact when the market opens I many times don't know which stocks I will be watching 1/2 hr later. So it is hard to make educated decisions about whether or not I should hold on. I have my standard watch lists but I run scans after the first half hour looking for chart formations, p/v action and sometimes technicals...I also like quick news plays although I have not made many the past few months.

If I did this f/t I would do it differently but oftentimes I'm in a hurry...which is not a good thing...but that's the way it is...thx...Doug

[IIC]

If you'd have bought NVEC last week at the open Monday and sold at the close Friday (as in the POTW) your gain would've been 44.6%! Don't you just love that 20-20 hindsight?

And if I had bot my fave stock(ex-fave) DAKT at the open last Monday and held thru all week I would've lost my shirt...As it was I made a little money on it...Works both ways...thx...Doug(IIC)

[Rob]

As far as shooting at me...How do you know???...My 2 sites that were hacked this week read this: http://www.schurgerviolins.com/ Hijacked by Cyberlord for Islam...

Huh? What are you talking about?

Registrant:
Severin Schurger, Inc.
po box 880
Alachua, Florida 32616
United States

[IIC]

Huh? What are you talking about?

Registrant:
Severin Schurger, Inc.
po box 880
Alachua, Florida 32616
United States

Webs pointed out the other day that 2 of my sites got hacked...It was true...and they were hacked by Cyberlord...At least that's what it said when you went to my sites.

I had someone resolve the issue right after eagle-eye Webs pointed it out.

Why did it happen?...I have no idea???

[Louetta]

Obviously...I don't know you Louetta...But from reading your posts here...IBD Forums...And from what I've heard about you...My gut feeling is that you would make an excellent daytrader.

It takes "Nerves of Steel"...or close to it (we are all human of course)...And the ability to look at things and make an Instant Decision w/o thorough DD...The most important part though is probably the ability to get the heck out when you are wrong or in doubt...The "In doubt" part is really tough. If you look at my thread you'll see I got out of NVEC way too early today although I did good...But such is life.

I DT a lot of stocks just to see them make a nice move soon after I sell...That does not bother me...I just try to grab it when I can and get on to the next thing..."Get In...Get Out...Get It Over With"...That has worked extremely well since I got serious about it in 8/04 after 6 mos of practicing...You might consider it...I have a feeling that you have what it takes to do well (Knowledge-wise & Emotion-wise)...Of course, time is always a consideration...I work in RE...and sometimes time is a killer.

Best...Doug(IIC)

Interesting thought. Its hard during the school year because of class and I had to swim as an undergraduate. I actually thing getting out when I think I'm wrong is one of my strong points. I'm not sure I have a feel for what to do day trading though.

[IIC]

Interesting thought. Its hard during the school year because of class and I had to swim as an undergraduate. I actually thing getting out when I think I'm wrong is one of my strong points. I'm not sure I have a feel for what to do day trading though.

I suspect that you do...Just a gut feeling...But my gut is usually right...I've been around the block more than a few times...Swimming...That's a good thing...I went to college on a track scholarship...Good to have other interests besides the market...It can be ALL CONSUMING if we are not careful...And it really should not be IMO.

I just see in you what I wish I had been like when I was 22...I grew up with the markets as my Dad, Uncle, Grandfather and Great Uncle were all brokers...Unfortunately, when I got out of college in 12/75 the market sucked...so I went elsewhere...No regrets as I do well in RE...But I know I shoulda followed my dream...I think you probably have what it takes...I hope you go for it...Day Trading was just a thought...But there are many other avenues to success in the markets...Best, Doug(IIC)

[peanuts]

Interesting thought. Its hard during the school year because of class and I had to swim as an undergraduate. I actually thing getting out when I think I'm wrong is one of my strong points. I'm not sure I have a feel for what to do day trading though.

How long do you typically hold a stock? Is time the considering factor, or percentage change? How do you know when you are wrong?

[Louetta]

How long do you typically hold a stock? Is time the considering factor, or percentage change? How do you know when you are wrong?

Depends on the play. Some just 24 hours. More likely 2 weeks to 2 months. Rarely more than six months. I sell when I think its more likely the stock will go down than up (I'm almost always long) except for the 24 hour plays which I sell right away regardless.

[peanuts]

Depends on the play. Some just 24 hours. More likely 2 weeks to 2 months. Rarely more than six months. I sell when I think its more likely the stock will go down than up (I'm almost always long) except for the 24 hour plays which I sell right away regardless.

What are you looking to gain from your 24 hour plays? What do you look for in a stock when you make these types of trades (what thing or combination of things make it appreciate in 1 day)?

What do you look for in the mid-term stocks? Do you use stops for these types of stocks?

I ask because I like to know how other people approach investing in stocks. It helps me to evaluate my own approach.