Yes, since it a subjective saying then the 'good trader' would know how long is long enough. After all, whom it "matters" to, is the trader themselves.Good traders will know how and why their trading profits so they will know exactly how long is too long.
Yes, since it a subjective saying then the 'good trader' would know how long is long enough. After all, whom it "matters" to, is the trader themselves.
I am averaging down at the moment.
because 99% of investors are just idiots. Don't listen to them
What stupid advice, if you have done proper research and understand the fundamentals that are likely to drive your chosen stock price higher in the medium to long-term, and the price falls, you SHOULD be buying more, not selling up.
I have averaged in on most of my positions. Whenever they drop, I buy more. Why? I understand what I am investing in. You would only sell if there was a game changer, and usually nothing changes, the market just swings the other way for a while. If you sell purely because they go down, you probably shouldn't have been in to begin with because you lack financial intelligence.
Weekly chart below, look at it every time you decide to avearge down would be my
Great advice
Weekly chart below, look at it every time you decide to average down would be my
(11th-September-2011)
I have 3 parcels...and im reluctant to buy more as i like to limit myself to 3 parcels, my average price is 4.48 currently an unrealised loss of 14.58% easy to see how 1 more average down at around 3.65 would of been nice...that opportunity may come around again.
~
- 4.73
- 4.39
- 3.95
Just to near (still in the trade) wrap this thread up..i did get another chance to buy PTM cheap and did so, bringing my average price down to 4.25...since then the PTM share price has rallied hard and closed on Friday at 4.41
So as usual my averaging down experience has been a positive one, nerve racking, time consuming and annoying but eventually positive....im still in the trade and looking for 4.50 so i can get out of the 2 highest priced parcels for break even, 1 winner 1 loser...leaving the last 2 buys in substantial open profit at probably an average price of around 3.90.
My chart from the PTM thread below.
~
You have taken 2 yrs to get just above break even.
In that time you have been incorrect 4 times.
You must be trading very small parcels.
If you traded for an income you'd be eating a lot of baked beans!
How's your averaging down experience with APN going?
You poor thing!... i eat baked beans once every couple of weeks.
...
~
PTM is one of 22 stocks i hold so its not all about 1 stock...first and last parcel big, the other 2 small...trading profits currently make up about 20% of my yearly income with dividends and distributions making up about 12% ~ i eat baked beans once every couple of weeks.
APN is my biggest loser down 42% at the moment..a disaster for sure, terrible timing and 1 of 22 stocks i hold....currently 14 winners 8 losers. see below to get an idea of why my strategy is profitable.
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I saw one of your tables a few months ago.
Ill have to find it again.
In it were some shockers where you let 100s of % winners fall back to small % and even losers.
When I have time Ill find it and post comments.
All is not as rosy as it seems.
I to am Cynical!
LOL here's another one for ya...this one is closed trades this financial year.
Seriously i had no idea it looked this good...i dont click the closed trades tab to much.
~
So
Can you explain to me why your stats at the bottom of your posts
Shows an expectancy of 67c in the dollar?
Doesn't add up on the two tables you've posted up.
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