I see so many comments which seem to be very personal on this forum. When I posted a comment on AVENG and it might be a nice short opportunity, I had only one comment, indicating that the share is posed to go up (Now that I banked my profit, time for other things). Should we not be debating these type of things rather than wether a person on this forum has multiple personalities? Is this forum not intended for discussion on topics such as this? So that if I say, "Well I think I will go Long on Firstrand next week" (Which I intend on doing) this comment elicits a conversation, rather than posting some comment about the *****(Cencored)***** on pool tables? So, comments about ***** (Cencored) ***** on pool tables or rather discussion about the long position on Firstrand?
Please see this following post as well intended useful stuff and dont get all defensive its not directed at you...I am not calling you a fool so here goes....your post completely forgets and ignores the fact that, to use a avaition mataphhor, take offs are optional...landings are obligatory. Trading entries are optional but exits are obligatory....so u enetered and exited already ....anyoee can enter a trade ...any fool that can click a mouse but can he exit at the right time?..This thing has still got so far too go and you are out already?....I guess u are off the conventional wisdom "no one has ever gone bankrupt taking a profit" school of thought? Well I got news for you Ive seen loads of people go bankrupt taking small profits when they have no exit plan.
like an Ostrich?...does the price action not bear this out...we are here to learn or stick our heads in the sand...next time remember a few % is not enough...why did you exit by the way ...do you even know?...making 2 or 3 % is not enough reason...in fact it is a reason to stay in a trade
at the risk of being sucked into another one of these rediculous forum debates, i will give my 2c worth. Chartist is right in some of his post - an individual trade is irrelevantg if you cannot consciously stipulate under what conditions you took the trade, and under what conditions you would do it again. So the dude that took the trade, just because HP said so, is the losing trader here (unless the strategy is to consistently take the trade when HP says. But Chartist, where you are again wrong is to think that the trend is the only trade worth taking. There are many counter trend trading strategies out there. In fact, shorting rarely succeeds with a trend following strategy, given the tendency for short sharp movements.
oh skaap I absolutely agree...if anything i am accused of wanting to trade counter trend more often than not....My comment was in response to someone (RAMS) saying that a short would be against the trend which it absolutely is not...they were merely not able to identify a trend
I agree with this comment, I had a reason I entered the trade and I have a reason for the exit. I know I could have made a bucket of cash on this trade, but my strategy is in line with my personality as well as my personal circumstance. I am comfortable with what I did and would have done this again in exactly the same manner given the same set of data.