What if a Stock Does Not Pan Out?
Many times we take a look at something and over the next two days it doesn't pan out, so we move on. Quite often those ideas put out, turn into winners, it just took more than a couple days for the breakout, or what have you to take place. Other times we get shook out of a position with a small profit, only to see the stock soar higher a week later. Sometimes we take two dollars in profits and we look in on the stock 10 days later and it's up 15 dollars. What's all that mean to you? So, just because we don't get involved with a play, that doesn't mean you shouldn't. Likewise, if we pull the plug on something, that doesn't necessarily mean you should. I think one of the most useful things you can do for yourself is keep a list of the plays we put on the consider buy/short table. Then, if we move on to new plays, revisit the older suggestions. More times than not our guess was right, but the timing might have been off just a bit. Over the years we have seen this over and over. One of the more successful traders I know takes notes of all the consider lists, and loads them up on some form of an alert he has built for himself. Then, without ever having to search for a new play, he just waits for one of our past suggestions to set off the alarm. It's an interesting concept for sure and no you don't need to get that involved. Just a pen and some paper, a decent chart and you are good to go. Here is what happens. Lets suppose we put out the XYZ company. We say XYZ is at 49.45 and we like it over 50.00 as a long. Well Wed comes, and it doesn't do it, then Thursday comes and it doesn't do it. So, we have already found two more stocks that look interesting and we drop XYZ in favor of the newer ideas. Does that mean XYZ is out of favor? Absolutely not! If XYZ breaks over 50, it's a play, whether it's in a day or in a week. Please folks, increase your chances of making great plays by just keeping track of the older recommendations. More times than not they will turn into winning plays, they just need some time.
Other Trading Tips Articles
Tips for Investing Many people want to take advantage of the opportunity to invest as a way to supplement their income, but few people have the knowledge or the time to monitor stocks and they are reluctant to pay the high fees associated with full-service brokers.As well, most people know that a diversified portfolio is the best-performing portfolio, but f ...Management Accounts and Small Business Many small and medium sized businesses, as well as some large companies, have little idea of the financial state of the organisation.It some instances a daily, or even a less frequent check on the bank balance, purports to represent the financial control exercised by the business owner. Other performance indicators may also be used, but ...Investment Rowing You have rowed a boat at some time haven’t you? Yes, put the oars in the water and pull. Of course, you don’t know where you are going because you are sitting backwards. Every so often you have to turn to look ahead to see if you are pulling in the right direction.Reminds you of the stock market doesn’t it? You have your money invested an ...Top 7 Considerations to Sales During Hurricane Evacuations If your business has a team of salespeople who continually handle customers outside the region and you are facing a large category hurricane coming in to your region and everyone is forced by mandatory evacuation to leave. You need to provide sales tools, such as cell phones and contact information to decision-makers in your company so your sal ...Stop Playing Games and Make Some Real Money! If you can play blackjack successfully, you can get an edge over the casino and make money.However, if you are playing blackjack successfully, you can earn far more money in a higher stakes game, with the skills you already have.Blair Hull was a successful blackjack player, and he was famous throughout gambling circles, and making ...The Top Ten Management Failures Over the past month I have been reflecting on the topic of organisational management. I am surprised by the number of organisations that survive perhaps through the benefit of their size or monopolistic position even though they exhibit some of the very worst management traits I've experienced.Some corporations like Enron, HIH and WorldCo ...Summer Safety:Stay Cool and Stay SAFE There’s no mistaking it – summer is in full swing in California. Temperatures have peaked the past few weeks, leaving residents to seek shelter indoors from the blazing sun. So how can you “beat the heat” and still enjoy all the splendors of summer? Here are some things to think about:STAYING COOL:Staying cool and preventing dehy ...Investing In Art - Starting All Over Again? If you are curious to invest in something else than real estate or stocks, art might be an option. Previous investment experience (in real estate or in financial markets) will most certainly determine your approach when exploring Art investments.For example; if you are fully focused on short term profits, in which case your investment app ...Reciprocal Linking: Is it Still Worth the Effort? When the Internet was young, ten years ago, one of my most pleasurable online activities was to go to a site’s link page and follow the links to some cool sites. Equally fascinating was the prospect of having my site listed on some of those links pages, which prompted me to get into the activity now known as reciprocal linking, or trading links ...Online Stock Trading Games The best way to learn online stock trading is to actually do it - in a game, that is. Before you invest top dollar in the real deal, try online stock trading games first. These games simulate the stock market very realistically. You can develop a lot of investor insight and tactics just from losing and winning.Benefits of Online Stock Tra ...How to Think Like a Self-Made Millionaire For the longest time, I was taught by my family to go to school and go to college and get a good job as an employee for a stable employer. “Be a doctor,” they said. “Be a lawyer,” they said. “Get one with a good benefits and retirement plan,” they demanded. My grandmother was so adamant that I went to a good university, that my graduation fro ...Is Your Autoresponder Truly Promoting Your Company? Getting other people to promote your web site is one of the most popular Internet marketing methods around, today. Affiliate relationships are all the rave with people who have web sites. Web marketers worldwide are trading links everyday, in hopes of driving each other's traffic to their respective sites. This is certainly something any hard ...Top 7 Business Reasons to Quit College and Start Your Own Business When recently asked to a speech by a rather well-known business college professor and asked to give my reasons why an entrepreneur should stay in college and go on to get an MBA. It seemed like a nice request but then the flashes kept coming into my mind of all the entrepreneurs who left college or even top Universities.You know names lik ...International Monetary Fund (IMF) IMF was created to faster economic growth and to decrease the unemployment level in different countries. IMF’s purpose is to provide the financial assistance to developing countries that seek it. There are economic policies that enable this initiative. IMF was created in 1944 along with World Bank and it provides aid to countries to pay back the ...Caribbean Single Market and Economy - Who Says UWI isn't Doing Enough? The University of the West Indies (UWI) has often been viewed as a long-standing partner to Caribbean Governments in fostering integration and development of our people, and forming strategic alliances.CARICOM member states are now considering the establishment of a single market economy. This will mean the general removal of all legal an ...Choosing A Forex Trading System - Part 4 In the last part of our series we explored a few key performance measures to help us in choosing a Forex trading system.Here’s our example:Let’s take another look at our example:Trading System A PerformanceNumber of trades = 1000 % of Winning trades = 92% % of Losing trades = 8% Average Winning trade = ...The Secret Art of Backtesting If you have not back tested your trading system, you might as well trade with your eyes close. In fact, whatever technical analysis criterion you use to trade with, be it moving averages, candle sticks, volatility breakouts, fibonacci retracements or any other trading system you have devised you're going to need to back tes ...Futures Brokerage Firms Trading in the futures market can be very risky and very complicated, which is why there is a need to find a competent broker who can help you, not only in effectively trading in the market, but also in understanding it. Having a good broker can be an asset since your profits can be maximized and you can have a certain level of security. Howev ...10 E-mail Organization Tips Who doesn't have issues with organizing their inbox!? I receive close to 600 e-mail each day due to the variety of activities and contacts I have online. Some I am truly interested in their content - most I am not.A big part of keeping your inbox and your e-mail organized is discipline. Yep, good ole' fashioned discipline! You need to mak ...Best Auto Loan - Tips for Avoiding an Upside Down Loan If you are new to the car buying process, the likelihood of acquiring a bad auto loan is high. For this matter, car buyers must familiarize themselves with how the financing process works. A common problem that arises with buying a car is obtaining an upside down loan. This occurs when the amount owed on the vehicle is significantly higher than ...Bond Investing Explained - Plain And Simple With all the types of investments we have these days, it can be frustrating to choose one that is right for you. It will take time to learn about different investments, unless of course you go with the "eeny meenie miny mo" method and just pick one. That, however, may lead to a problem or 2. Your best bet is to look up some information about dif ...The Advance/Decline Line "Every day I hear about the "advance/decline" line and more times than not its negative even if the market is up. How can that be?" Great question and its a bizarre situation. Let's look:The advance/decline line is very simple, it is the difference between the number of stocks moving higher on a day versus the number moving lower. So nat ...Trading Psychology: The Mindset Of A Losing Trader "The only place where success comes before work is in the dictionary." -Proverb-There are two types of men in this world. One that falls and one that stands up after he falls. In NLP or Neuro-Linguistic Programming, there is no such things as failure. A failure is simply classified as a feedback and every feedback is a lesson to help you ...7 Great Money Tips To Lead You To Financial Freedom Regardless of where we are in life we can all learn something about money and how to better prepare for our future. Especially when we see that the national average is $10,000 in credit card debt and that savings and preparedness is dropping. This article can put you back on track to a more fulfilling and financially free life.1) Automa ...Sailing the Gulfs of Hydra and Argolikos in Greece It is difficult to generalise about weather patterns within the area. In the summer months the north usually sees the Meltemi from the NNE - NE. But unlike the rest of the Aegean it is by no means guaranteed and if it does not blow winds are usually light and from the south. The prevailing wind in the south of the area is from the SE and it will ...Make Money Fast - Trade For The Weekend With Fantastic Profit Potential! If you read our other articles on this site, you will see we are bullish of crude oil and unleaded gas on pullbacks.Here is a trade that could return 100% or more, see if you agree with our view, it looks an outstanding opportunity.Crude and unleaded gas have fallen over the last few days, but this will change between Friday and Mo ...Avoid Zits By Learning How To Properly Care For Acne Prone Skin Acne: It’s the curse of teenagers and adults alike. It’s a condition that nobody wants and can make the lives of people who suffer with it a misery, but the fact is that many people experience acne during some course of their life.Of course, conditions vary from person to person. However, whether it’s just a one-off breakout or a long-te ...Moving Average Convergence Divergence ( MACD ) Charts The Moving Average Convergence Divergence charts, or MACD charts for short, are a technical indicator that is derived from the more simple moving average.The MACD charts are oscillating indicators, meaning that they move above and below a centerline or zero point. As with other oscillating and momentum indicators, a very high value indica ...10 Leadership Tips for Lawyers Even if you don’t have your own firm or if you are not a partner, you can be a leader of your team or even yourself. All lawyers need a vision, mission, goals and business plan/marketing plan to be successful. If you are part of a larger organization your plan must feed into the firm plan. Practice being a leader of a small group and your lea ...Arbitrage Trading Home Business Many people today are looking for ways to earn a little extra money working from home. Maybe you are on of them. I know I am always on the look for new and exciting ways to earn some money working from home.That’s what I am writing this article. To tell you about Arbitrage Trading and SureBetPro, and how you can use them to ...Gold-Safe Investment Gold has always been known as a number one investment option. But is it really that profitable to invest in gold? The gold prices differ each year. Some years are favorable for investments, some are not. Gold has always been considered a safe investment. However, in 1980 the closing price was $ 593.8 per ounce; in 2004 it was $ 442.1 per ounce. ...How Do Know if a Breakout Will Hold? How do you know if a breakout is real or not? First off, despite what any of the so called experts will tell you, the fact is that you don't. Okay, now that we have that behind us, we can look at it a bit more objectively.When a stock has banged it's head up against a resistance level in the past, and failed to execute the breakout, there ...Search Engine Optimization (SEO) – An Overview Run a search on any of the 200 major search engines, and the results will come up in similar orders on quite a few of them. How a website owner/operator gets their website to the top of a list is called Search Engine Optimization, or SEO. Optimizing a website involves many of the same techniques, whether the aim is to optimize for Google adwor ...5 Tips To Buy Cheap Cars From Government Repossession Auctions Buying cars from government repossession auctions can sometimes be tedious and stressful.That is because there are a lot of beautiful and great cars that are always being auctioned at such trading activities, and being a shopaholic that you are, you practically would want to get hold of all those cars you have set your eyes at.Thus ...Executive Summary Preparation Tips An Executive Summary is a more finely tuned version of your full blown Business Plan. Some people get the two documents confused and others use the two terms interchangeably. There is no special set of rules for preparing either document although most people would probably agree that the Executive Summary should be contained ...
|