Well well -
How interesting that the futures looked so dire around the beginning of the last hour of trading -
Problem is if you didn't sell positions - you are in fact hoping - that is never a good strategy -
It is not ok to come out and say look now it 's green - we were right - think instead of the alternative -that it was looking like a continued huge selloff in the morning - then more plunging.... What then?
Bigger losses - is what.
Plus the futures will swing all night - want to stay up and sweat?
The point I want to make is that it was risky to bet guess or hope-
I am not bearish by nature - but I know when to pack up and watch from the safety of having my cash under my mattress-
So what do you lose from selling out ? a bit of brokerage- usually you can always find a new entry to your much loved stocks -
Or you might just be free to take the opportunity if it presents in the morning -
I always have a concern that this situation may cause stagnation and lack of interest for new buyers - Usually when everything settles nothing happens - or we can have a dead cat bounce and continue lower- that can be another lesson---
So all that holding is really in my opinion not worth the stress...or time.
I am also speaking for myself and from a daytrading perspective - afterall that is what this thread is about -
There were a few Kamikazes that trade rain hail or shine - I had to giggle - now you all should know that there are a few that are still trading no matter what -hats off to them - very funny and cool LOL--
It is risky business - But you know what -they take the risk and might catch the bounce - they are used to the scariness - that is where they make good money or eat soup --
For anyone new it is a great experience to watch and learn what happens -
Some things lost a lot some held their price - now is the time to get looking get your FA hat on and so some homework - this situation exposes the good stuff -
I hate seeing people stuck in trades and have to watch everyone else catching the bounce -
Just hope that you all survive the turbulence and get in a position to be able to stay in the game![]()
- Forums
- ASX - Day Trading
- DTers after Market Lounge 6 Feb
DTers after Market Lounge 6 Feb, page-40
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online