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REGRETS

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Super Contributor
And I disagree - you can trade anything you want - so follow the quality issues and trade those. It removes company risk. Any way - the issue here is to AVOID REGRET! That is the theme of this thread. We are not talking about the technical merits of trading systems. That could even devolve into an investment vs trading argument if we are not careful. AND nobody wants to go there again
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Super Contributor
I traded NPN successfully until it became too expensive for me. Then I stopped. CAPITEC is not really a trading stock; and SCL is really not a trading stock!
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Not applicable
Ah, but you are the one who bought up the subject of subjective measures in your trading system, which we are arguing about. WRT regrets in your investment holdings - that is a separate matter
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Super Contributor
No! PaulC brought up two trading stocks that he regrets - ANG and GFI. So the theme remains "regrets." I then effectively pointed out that one could avoid owning "regret stocks" by not buying them! Simon then pounced on the opportunity to engage in a trading battle with a self-professed non-trader - me! Ahh.... but I do trade. Kind of an addiction.
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Valued Contributor
ya well you have been complaining not enugh butting of heads .. this was a perfect set up ..
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Not applicable
nope - you were the one who coined the phrase - don't trade stocks you wouldn't invest in. - OK, silly debate. But NPN - definitely tradable on the short side, capitec - extreme momentum made it tradable - and SACOIL? definitely tradable (not now obviously!)
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Super Contributor
But you need to pick your fights - I cannot see how you can justify buying a rubbish ("regret") company for any reason. Why trade GFI if you can trade BIL. GFI is terminal - and we are all waiting for the next bout of bad news. So why own the thing even for a minute. It might be the wrong minute. Sure it will go up and down - so will other shares!
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Valued Contributor
I no longer trade stocks, just indices .. but when I did what I looked for was large market cap (top40 stocks), good liquidity and trends .. that's all that mattered ..
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Not applicable
Simon / Skaaptjop 2 - Threshhold 0. Need to fuel this one a bit more (lol)
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Super Contributor
So what? It acts as a filter for the quality of the issue. NPN - we are not talking short trades - this is about stocks you buy not stocks you sell! (and I did indicate above that they would assume an inverse position.) AND I do not trade on the short side. CPI strikes me as a positional play - ride it and then dump it - not enough liquidity for real trading - surely. And SCL - rising a quick 1000% and then falling 90% - that is not trading??
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Super Contributor
Actually SIMON /SKAAP -2 Your arguments are oblique. You are not addressing the issue at hand. So call me when we are discussing the merits of owning quality again. But as long as you are having fun!
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Not applicable
Sacoil - definitely tradable if you were in the 1000% rise! NPN, shortable - in confirmation of your corollary.
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Super Contributor
Again - you call that trading - I call that gambling!
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Super Contributor
Don't be a clown. Of course you can own gold / silver / satrix (vix is a derivative of this. This issue is about company specific risk. Simon has taken to trading the indices to avoid this - and kudos to him for this! You, on the other hand, complained about falling in love with a stock (I assume you cannot fall in love with the VIX) and I suggested a solution to this. Capice?
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Not applicable
Generally falling in love with a stock is because it gave good returns in the past..but the past is not a indicator of the present, but more of a guide..its human nature to want more of the good and not the bad...Investing and trading differ, but one can trade the same stock, its all down to liquidity and making money in the short term while keeping ones losses to a minimum
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Super Contributor
Capisci?- you understand? (pronounced "capishi"), Did you understand? - hai capito? - No offence meant, just a little correction. However be careful not to pronounce it "capish"- neapolitan dialect (as in the movies), as you could be inducted into the Camorra :)
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Super Contributor
Which is why I used it - it is the version we all know from the mafia movies! Had I said "CAPISCI?" nobody (including me) would have understood it. Don corleone says "buy quality" - Capiche. (LoL) That format is even in the US urban lexicon.
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Super Contributor
I just tried looking it up - but there were 8 different spellings (and then the forms - like doing latin at school. In future I will avoid all terms Italian - too confusing.
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Super Contributor
Please don't try Sicilian dialect otherwise there will be a tug-o-war between Mafia and Camorra for your membership, another little correction "ch" is pronounced "k" as there is no "k" in Italian & it's dialect's alphabet. I trust you remember it's Friday, so jokes are allowed :)
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