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Forum - Wall Street Pit    Stock Due Diligence for All

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From: RichJr (Rep: 235) reply to mundiDate: 03/17/2011 22:00
Forum: Wall Street Pit - Msg #2101408Thread #673188346 (Rec: 55)
Re: may i be so bold as to give you some trading advice? just be a sector trader....nothing else..just that....... watch for individual sectors under intense demand....whether by some world-wide event or perhaps just due to one or more in the group getting run up....... dont do anything else at all....if no sector is in demand with big runs...do not trade........... this will do a few things immediately

1. your win/loss ratio will make an abrupt turn for the better.....when a sector is in demand...you can make mistakes and not only will they likely not cost you money...they will prob make u a little anyway.

2. your winners will be larger winners.....when a stock starts to catch buying pressure, it will often go parabolic because everyone is looking for new stocks in the sector.

3. your entire outlook will become very positive because, well, you are consistently winning in the stock market.

4. you moods and health will dramatically improve.....being a sector trader is a much more measured and calm methodology.....actually its just plain FUN......most of your time will be spent reading news, looking at why various stocks blew up, and making well prepared sector lists.

5. you will have more free time for other pursuits ....

just try this approach Mundi......



Formerly known as RichieRich2



Reply to mundi - Msg #2101388 - 03/17/2011 21:07

i been trading for more than 10 years, still i make endless lines of mistakes, if i find 10 potential gainers i always end up in the single one that dont move, when i look at my history i have hardly made any gains, when i have made a dew gains i often go all in for the big kill and lose what i have made over the last month or more, i never seems to get anywhere, that is the simple truth, but i still hope, but i know i may as well just throw a dart.
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