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Thanks for the thoughts SKI and Runner.
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Originally posted by sisterwin2
Its a tough call, I know its difficult to sell when you have such losses. The good part is that it is at major price support, but if that's broken it can go to 1.20.
You have to make the choice if you want to bite the bullet and see if this support holds.Comment
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Sisterwin2,
I know it's hard to hear someone say this to you especially after a steep loss but how and why did you let this happen to you. I know you're reading these posts on strategys and plans and setting stops etc... When money is tight and means so much to you wouldn't having an entry an exit strategy, with a stop in place to limit your losses, be sensible. I am sensitive to your situation with the loss in this position but let this be the LAST time it happens to you. Limit your losses early by setting a stop and having a strategy for an exit if it goes the wrong way. You're capital will last alot longer and you'll feel alot better about yourself and what your doing by adhering to a plan and being in control of the trade and not letting the trade control you. Take control of your emotions in these situations. I know you're a stong individual from your posts on how you intend to save your money to pay off debt in a specific period of time. Why not apply those same character strengths to your trading. It's really the same emotional control. I know you have those strengths it's just a matter of developing a plan an applying them.THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR
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I think Retail has put in a nice looking bottom and so for now I’m Bullish on it. Now as long as oil stays under control you might find a few nice swings in Retail.
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I will be looking for some pullbacks next week in this market. I particularly like CWTR. NDAQ looks good too but I think it's gone too far too fast, I am quite upset I missed the pullback to 34 two weeks ago, I had it on my radar but must have fell asleep or something.
I will post some charts this weekend or next week when I get back home.
Hope everyone had a Happy Thanksgiving!Comment
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Will DOW break 11,000?? Let's see....
Wait! I'll post a poll...yes! I will!Comment
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Originally posted by dmk112
Not quite...looks like we may be waiting for a while...
We are right at support for the NAS and if we break we will get an intermediate correction...
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Button down the hatches
Just my opinion, but I think it is a good time to button down the hatches. I am looking for a sharp move lower either Friday or early next week.Comment
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Same thing I was thinking, not going in with any long positions into the new year, remember the 1st week last year?Originally posted by New-born babyComment
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Looking at this indicator. I see we had a little fake out. It appeared as if it was going to pop the zero line but it hit the moving average and dropped. Now the 19dma is below the 39dma. This indicates a bearish set-up. It could be possible that some choppy weather may be in store. We shall see..Comment
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Here was the signal back in Dec
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All I can say for the past three days (on the NAS) is WOW! We have recovered all the losses in the last month in 3 days!!
This is a good sign, in big moves the NAS usually leads the advance (and decline for that matter). We just need the DOW and S&P to catch up here.
This almost seems opposite of last year! I guess I shouldn't have sold off my holdings, doh!Comment
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Now what??Originally posted by dmk112Comment
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Now we watchOriginally posted by Runner
Seriously this is a powerful rally we are witnessing and any pullback here is buyable, and I mean BUYABLE. Market is running and running, I'm just making some day/swing trades, will wait for the p/b to get into some intermediate holdings.Comment
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