daytraders after market lounge 6th mar 2012, page-22

  1. 33,081 Posts.
    Bazi, one thing about PEK. See how you now have a fixation about getting out at your buy price. You have to forget about that. If you sit on it and won't sell until it hits your buy price, you might miss out on the chance to sell and buy back lower and then sell at a lower price again but still recoup your original loss. And the worst thing is, if you hold on and then sell at original price you might miss out on the next run up when it sets a new ST high, cause your sell price will be the new buy price. Bit confusing but think about it.

    PS: I sold PEK today at 49c. Got a placeholder bid at 44c.

    Btw. Good job with your trades. More than me lately. I've got mired down managing a small dog pack. That is really what you shouldn't be doing.
 
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