I'm noticing that CP picks more volatile stocks than the SPY. When the market is down, we're down more and when the market is up, we're up more. But that's probably a viable strategy collectively in a stock picking contest where the goal is to be an outlier from everyone else. [Reply]
Originally Posted by Rain Man:
I'm noticing that CP picks more volatile stocks than the SPY. When the market is down, we're down more and when the market is up, we're up more. But that's probably a viable strategy collectively in a stock picking contest where the goal is to be an outlier from everyone else.
Originally Posted by Rain Man:
I'm noticing that CP picks more volatile stocks than the SPY. When the market is down, we're down more and when the market is up, we're up more. But that's probably a viable strategy collectively in a stock picking contest where the goal is to be an outlier from everyone else.
There are a lot of high growth tech stocks on these lists - that's the reason for the higher volatility. [Reply]
Originally Posted by myselff77:
NTNX could be interesting to watch over night.
Thanks HGF for the strategy. Was in at 14.20 this morning, but now the hard part on deciding when to sell as this one seems to be running a bit past the 10% gain. Do I get greedy and go for 20%? [Reply]
Originally Posted by myselff77:
Thanks HGF for the strategy. Was in at 14.20 this morning, but now the hard part on deciding when to sell as this one seems to be running a bit past the 10% gain. Do I get greedy and go for 20%?
My thinking is as soon as you buy just set your sell for 10% if you need to go do something else. If you are able to sit and watch closely and it gets close to 10% and you feel it's going to keep running take the 10% order out and get a trailing stoploss 2% installed.
I watched that one this morning but didn't have any "settled" cash to throw at it. I saw it at 13.64 this morning. I see the high is 17.20 so far. 26% difference.
I think best strategy in the end is to not be greedy and be happy with 10%. [Reply]
Originally Posted by Hog's Gone Fishin:
My thinking is as soon as you buy just set your sell for 10% if you need to go do something else. If you are able to sit and watch closely and it gets close to 10% and you feel it's going to keep running take the 10% order out and get a trailing stoploss 2% installed.
I watched that one this morning but didn't have any "settled" cash to throw at it. I saw it at 13.64 this morning. I see the high is 17.20 so far. 26% difference.
I think best strategy in the end is to not be greedy and be happy with 10%.
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... [Reply]
