Wednesday, August 26, 2009


a minute till th eclose sold AIG
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2 comments:

joshua said...

nice trade with aig.i saw it coming through on my HOD list and i had an alert set at 35. but, i did not pull the trigger. i started live trading in may, and after many losing days, i am finally starting to see the momo. Getting a little positive each day is my goal for now. today, i got in late, made two trades (.31 and .18), and was done. i told myself no more trading on the day. so, i had to be disciplined and not trade. i don't know if that was the right or wrong thing to do but none the less i did it.

4:10 p.m.
Scott said...

You are smart to take it slow. Never think that opportunities won't come around in the future. Take all the time you need to learn what's going on and develop your trading style. It's a much better way than jumping in clueless, losing your cash and getting psychologically damaged.
On the other hand, never think you are "lucky" to have 2,4 10 winning trades in a row. Luck has nothing to do with it. You saw an opportunity, you executed it, you took profit. That's just trading.

When I see something that's moving through to new highs with volume I like to jump aboard right away instead of waiting. Personally I like to be the guy selling out to the late arriving traders who are buying.

9:30 p.m.

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