HSX Forum

Playing & Trading Strategy

Traders are afraid of getting burnt if there's news and the price moves up suddenly. But it's a lot better to take the hit on breaking news

Posted by: RogerMore on Jan 10, 08:08 in response to edzep's post Oh yeah, and many traders still don't get that: about 2/3...

than the one where the stock bleeds value for weeks or months.

Old player needs to know how the other big portolio players are doing swordfish1 Jan 09, 06:41

I know I'm losing over $2 million a day ($7 million yesterday). Right now I'm trying to ride it out and hope things turn around. {nm} Mojave Jan 09, 08:55

I posted on Stars about my biggest losers, all held the "right"way, and someone criticised my strategy. I have reversed and radared and BUY StarBondFund Short the Pats Jan 09, 09:57

I'm with you... I saw your post below (sure you saw mine)...I'm still 'red' every day, and if I'm 'green' it's usually just $200K or so.. Flash Jan 09, 10:24

i thought the same swordfish1 Jan 09, 11:51

hope you folks stay I know its hard {nm} An Old Actor Jan 09, 21:10

im keeping quiet swordfish1 Jan 10, 07:55

I'm not really going anywhere...but I'm gonna have to re-think how I'm playing... {nm} Flash Jan 10, 08:52

hope you folks stay I know its hard {nm} An Old Actor Jan 09, 21:10

I saw HUGE gains for weeks after the share increase. Now I'm in the same boat you are. Lost over 7 mil in 3-4 days. Rigit Jan 09, 16:36

Change your Strategy LTSDOYCA Jan 09, 13:14

It's January JohnTEQP Jan 09, 21:06

January is generally a great time on HSX - the openers might not be much, but Christmas movies with great legs, big delists mean cash gets RogerMore Jan 10, 07:27

I can't seem to have a bad day (knock on wood). Well, maybe one or two in a couple of weeks. I'm usually not too active at trading. edzep Jan 09, 21:44

edzep, like lobogotti the other day, it sounds like you are describing my playing style ndmaster Jan 09, 22:12

This is the answer. My portfolio is growing at a rate I have never seen before, and has sustained that growth since the move to 75K limits. RogerMore Jan 10, 07:48

Oh yeah, and many traders still don't get that: about 2/3 or so of all stocks should be held SHORT. edzep Jan 10, 08:03

Traders are afraid of getting burnt if there's news and the price moves up suddenly. But it's a lot better to take the hit on breaking news RogerMore Jan 10, 08:08

Oh, one more thing - I haven't found it very helpful to go chasing the money on stocks that have already moved. RogerMore Jan 10, 08:04

Agreed. I almost never trade other than the days IPO's and can't stop making money. {nm} shadowking Jan 10, 07:57

Lost over 7 million in the past 2 weeks. The only positive has been Starbonds. {nm} laujer Jan 10, 07:32





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