Originally Posted by lewdog:
I've made two stock trades since Feb 1st in my trading account.
I'm not good at shorting and I don't like guessing.
Professional traders talk about how they will sit out months/years at a time as to not lose capital in down turns. Once the market reverses, they can achieve super performance because they will have a larger sum to trade with then someone losing money trying to trade during a correction or bear market.
The last 7 days I've made 5 winning trades in this shitfest of a market
ARCT 11.48%
AXSM 10%
ARCT 10%
ATER 6.3%
ATER 5.0%
Several of those could have made 20% plus but I learned that it's best for me to just set a sell limit right after I buy and just walk away. When I've tried to find the top and sell before they come back down I fail.
1 loser URYL , and that was my fault as I didn't get my sell order set after I bought it and it tanked before I got home . Could have made 10%.
How can a professional trader claim to be a professional and sit out a year? If they are professional I'd think they understand options well enough to make money in a bear market.
Anyway, technical analysis is overrated IMO. Even warren Buffett says professional traders seldom beat the S&P.
I wish I was comfortable with options but I just can't get there. [Reply]
Originally Posted by Rain Man:
As a random observation, I've purchased a few stocks from The Motley Fool's "Can't Miss" free list. For the most part, they've underperformed.
Originally Posted by Hog's Gone Fishin:
Checking it this morning it was down to 31.83(-43%) premarket around 6:30.
Lets pretend we buy there and see what today brings. It's a bad eR so it'll be interesting.
35.01 would be a 10% scalp
Several buyers on ST loading up, others just bashing Cathie , TDOC is one of her major holdings
Just FYI, Motley Fool has in the past touted Teladoc as one of their "no-brainers". Fortunately, I've been learning and didn't buy any.
I'm starting to formulate a hypothesis that doing the opposite of what Motley Fool suggests could be a good strategy. [Reply]
FLWS popped up right under TDOC about 30 minutes before market open
That would have been the play.
Could have bought at 9.07 high today so far is 10.74 (18% gain)
Could have set a 10% limit sell and walked away. Trying to catch the top is hard unless you see it running and get a trailing stop set to follow. [Reply]
Originally Posted by Rain Man:
Just FYI, Motley Fool has in the past touted Teladoc as one of their "no-brainers". Fortunately, I've been learning and didn't buy any.
I'm starting to formulate a hypothesis that doing the opposite of what Motley Fool suggests could be a good strategy.
I read Motley Fool's input about once a week and am a bit underwhelmed. I'll add using "fool" in your brand name as an investment advisor is a poor choice. [Reply]