LNG Trading/Charting discussions, page-121

Most people out there are delusional, when it comes to the market. The whole system is rigged and manipulated on a daily basis. It always have and will be into the future. But rather than complain about it all. You need too use it to your full advantage and make some money. It is here to stay, not going anywhere or going to change. The biggest rule most people break. Is letting emotions overtake common sense. I have done this my self. But thankfully, not often. Most people are irrational, rather than rational when it comes to money. Many get this crazy idea that the company they invest in, owes them a living. Or like part of their family. They don't care about you one iota. If you lose all your money or not. So don't think they do. All we should focus on is how much potential profit could we make on the stock we are taking. The rest of it is just noise.

Investing for the long term is fine. If you have an exit strategy before you buy. The same also applies to short term trading as well. Every stock i trade. I know my exit, win or loss, before I get set. No one knows if what they have bought or shorted. Will end up being the greatest thing since sliced bread. Or the greatest dud in history. The best ramps can fall and the least loved can rally at some point.You might wake up one day and LNG is $25 or chapter 11. Either is possible, but yes probably unlikely anytime soon for either to happen. But you never know. You need to have all areas covered and your plan of attack worked out, before you open the trade. Just in case the worse case happens. And you need to plan for the worse case.

What if LNG keeps rising for now. What is your exact exit price? Do you hold until you die. Or cash in those chips while alive. And buy that Bugatti Veyron you have always dreamed of. What if this is the top. Where do you cut your losses? Or decide to take profits that you have already made. This is something everyone should know before a position is taken. Yet 99% of people out there have no idea where they would sell for a profit and or loss. If someone buys something in the hope it will never crash. Then you shouldn't be playing the market. Stick to the casino. There is no guarantee with anything. No matter how much you believe in something, how wonderful or hyped it is. Anything has the potential to be here today and gone tomorrow. Enjoy the ride along the way and lets all make some money, regardless what strategy or time frame we take.