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Okay, you answered my question....In essence, you are trying to make scalp trades.
Fine, I just could not figure your logic before.
--PJS
>
> Well, it was an interesting market and trade. As I stated earlier, I wanted
> to short BA when I heard about the major crash in Asia and Europe. Why, BA,
> it is one of the biggest exporters and it has already been rocked the last
> few days.
> Unfortunately I can always get a good price.. This is a mistake I often
> make when the market makes a strong move. I try to catch the initial blast
> but usually I don't because my trades are too small, relatively speaking.
>
> I do a lot of shorting when all hell breaks loose. So I placed my order
> before the market opened. Then the stock dipped and I should have gotten
> out, but due to time differences between west coast and est coast I am not
> thinking too clearly at 7am PST... So I just let it ride.
>
> Then as it keep rising, I got concerned, after it rose to 49 and stayed
> there for 30-45 mins It seemed to be making a top.
> So I thought I could average down my cost by buying another 1000 shares. At
> this point the market was beginning another down wave. BUT BA keep rising?
> So I became more nervous and keep watching the tic, it was strongly negative
> and the market stay pretty strongly down.
>
> Then around 1:00PM est, I decided it wasn't going to work in my favor, so I
> have learned there is USUALLY a strong market move up or down at around
> 1:30PM est. SO I decided to get out at 49 if I could. I was lucky to get out
> where I did.
>
> I am still surprised that BA didn't go down further. All things considered
> it should have..I thought I had chosen the right stock considering what was
> happening. But BA had a lot of strength considering so many negatives.
>
> I do appreciate your comments like the one I received from nwinski, about
> how he felt I used poor judgment. This may be the case, based on logic, but
> I don't always use logic in my trades. It is more a gut feeling. Your
> feedback gives me way to maybe fine tune my trading style. I doubt if I will
> change, but I do consider all that is said.
>
> As for when to buy and when to sell, I usually just wait for a stock to
> stablize and then buy or sell, or I sometimes I just
> play a hunch.
>
> If you have watched my trades over the last few days, I like to play
> momentium and the waves in the market.
>
> What have I learned? stop trying to catch the first wave....! As I said on
> BIG movement days, I try to get in early but never do... I hope to correct
> this flaw, but not looking hopeful. I also try to ride the bounces in the
> market, based on short covering
> close to earning release time, like I did with Micron Tech, and Intel.
>
> What is an expectable loss, hard to say, I remember back in the early 80
> when I made and lost $20,000 in 5 days...
> I think I am a little wiser, but not always sure.
>
> For those nice fellows who send me the not to friendly e-mails, I am sorry
> if I have offended anyone.
> I decide to try this as a learning experience for myself, gaining from your
> feedback, and for those who might want to consider day trading. It is hard
> to expose yourself, in this way. I feel somewhat like I am being evaluated,
> in a fish bowl. or taking my final exam at Day Traders school.
>
> So I worry, a little that I might trade based on what you all might think
> rather than what I think is right. So please understand!. I hope my gains
> and losses provide some purpose to those of you who don't DELETE
> automatically when you see my name... DAM another stock e-mail....NO
> BEAUTIFUL CHARTS! with all of them lines..
>
> Please make your comments via this forum for all to see, unless you want to
> gus at me for being such an "arrogant fraud,
> showoff, or dam fool.
>
> Regards to All
> Don Green That Smart Ass!
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