Originally Posted by myselff77:
Good advice, thanks. I got a little greedy this morning and it almost cost me. I should have put on the stop loss when it was going over 17. Luckily it rebounded after falling initially, and I put on the stop loss and just sold out at 16.44. Not bad for a few hours...
I'm pondering the idea that we use the ability to manage our portfolio at the quarter mark which would be July 1. Where we can remove one stock and add one or if you want to stay where you're at you can do that. If you add one on July 1 the beginning value starts there for that particular stock.
Originally Posted by Hog's Gone Fishin:
I'm pondering the idea that we use the ability to manage our portfolio at the quarter mark which would be July 1. Where we can remove one stock and add one or if you want to stay where you're at you can do that. If you add one on July 1 the beginning value starts there for that particular stock.
Thoughts?
I'm fine either way. My initial reaction was to keep our picks for the year, but if someone gets wiped out it might be better to keep them engaged if they can dump their dog.
But I think we should keep the dollars that were made or lost that quarter for the dog. So maybe you close out the books each quarter and sum everyone's dollar amounts, and then start everyone new the next quarter under the rule that they can only switch one stock at most. How does that sound? [Reply]
Originally Posted by Hog's Gone Fishin:
I'm pondering the idea that we use the ability to manage our portfolio at the quarter mark which would be July 1. Where we can remove one stock and add one or if you want to stay where you're at you can do that. If you add one on July 1 the beginning value starts there for that particular stock.
Thoughts?
Is this happening at the beginning of each quarter? [Reply]
I'm now 28 wins, 3 losses since April 1 in my day trades.
2 of those losses would have been wins if I'd sat on them for 10 days longer but I got out quickly instead.
Trading out of 3 accounts seems to be working nicely if I stay disciplined to only trade one account each time so there's always "settled" money available to get in and out the same day.
Still bag holding TSLA at 873 and CMRX at 2.44. Both should rebound in time. I made three swings on CMRX and got stuck the 4th time. [Reply]
Originally Posted by Rain Man:
I'm fine either way. My initial reaction was to keep our picks for the year, but if someone gets wiped out it might be better to keep them engaged if they can dump their dog.
But I think we should keep the dollars that were made or lost that quarter for the dog. So maybe you close out the books each quarter and sum everyone's dollar amounts, and then start everyone new the next quarter under the rule that they can only switch one stock at most. How does that sound?
So, from this, you can drop a stock that's down 50% but that 50% has to be averaged in at the end of each month . Your other two stocks will just continue as is from the April 1 starting price, And the new addition will start July 1. Does that work??
Or we could just keep the three and live with them and add a 4th.
Originally Posted by EPodolak:
Is this happening at the beginning of each quarter?
I think that would be the right thing to do. It'll keep it a little more interesting. [Reply]
Originally Posted by Hog's Gone Fishin:
I'm now 28 wins, 3 losses since April 1 in my day trades.
2 of those losses would have been wins if I'd sat on them for 10 days longer but I got out quickly instead.
Trading out of 3 accounts seems to be working nicely if I stay disciplined to only trade one account each time so there's always "settled" money available to get in and out the same day.
Still bag holding TSLA at 873 and CMRX at 2.44. Both should rebound in time. I made three swings on CMRX and got stuck the 4th time.
Honestly you're killing it and I am surprised to be honest. This has been a tough 2 months and you're posting real-time trades to keep yourself honest.
Seriously man, keep it up. My trading style doesn't meet what you're doing but it's very interesting to watch.
And you didn't have to die on the meme stock hill, watching your hard earned cash evaporate into thin air for most of them. [Reply]