New Habit

[sponono]

Mark Douglas says to become a successful trader one must think differently. I think this is a new habit that most of us have to learn. One of the components of thinking differently is to go against the grain. I am now trying to Hope when others Fear and Fear when others hope. For example I took a short position on DTC despite its high relative strengh have made a small profit. Now instead of Fearing that my small profit might disappear I am Hoping it would grow bigger. I have also taken a short position on NPN at a historical high and have made a small loss over two days. I am Fearful that the small loss might become big and should close the position should the stock close above R290.

[jack12]

To be simple I would have looked for a trending stock, my choices were AGL, BIL, SOL, SBK and I was long in KIO. I was never fearful because I was trading with the trend. Yesterday my TA signaled an exit for AGL so I closed my position. If you trade with the trend you will mostly be in the same direction as the market.

[#3]

I agree. buy low sell high. Even in a down market your entry is low and your exit high. If you cannot understand that you should be an investor rather and cost average over many years to max profit.

[Maddog]

I try to buy high and sell higher to me buying a stock thats reaching its new high or even a 52 week high is a signal often to buy based on some fundamentals.Often such a stock exceeds expectations. But hey thats just me and im no expert so take my comments with a pinch of salt