Strategies?

Ron_H · Oct 29, 2008

I'm new here. Hello to all.

In the past, I always bought and held. I stepped out of the market entirely for some time. With the current volatility I thought it would be a good time to try day trading (first entry). I bought 60 shares, and at up 17.5 % sold 20 shares. Plan on using that to buy a different stock that I think has equal potential. Any suggestions on strategy for balance. How long to hold or keep jumping on the bargains? What about rebuying when stock drops?

trader_dante · Oct 29, 2008

Ron_H said:
I'm new here. Hello to all.

In the past, I always bought and held. I stepped out of the market entirely for some time. With the current volatility I thought it would be a good time to try day trading (first entry). I bought 60 shares, and at up 17.5 % sold 20 shares. Plan on using that to buy a different stock that I think has equal potential.

I don't understand this. You get in a stock. It goes up over 17% and you want start closing some of it and looking for another stock where you have to start all over in looking for a good stock that is going to move?

Why not have added 20 rather than closed?

Hotch · Oct 29, 2008

trader_dante said:
I don't understand this. You get in a stock. It goes up over 17% and you want start closing some of it and looking for another stock where you have to start all over in looking for a good stock that is going to move?

Why not have added 20 rather than closed?

Can't really judge on whether he should close it or expand his position, all depends on what's happening with it. Maybe it's about to hit heavy resistance.

Ron_H · Oct 30, 2008

trader_dante said:
I don't understand this. You get in a stock. It goes up over 17% and you want start closing some of it and looking for another stock where you have to start all over in looking for a good stock that is going to move?

Why not have added 20 rather than closed?

It was a close call which of 3 stocks I was going to go with. I've had performing stocks crash and burn before. I was just thinking diversification on a small scale. Plus the stock was Haliburton. If Bush loses, and I hope he does, I think Haliburton will survive but may get shakey for awhile, just because it's so psychologically associated with Cheney.

I asked the question to learn, however.

Ron_H · Oct 30, 2008

Ron_H said:
I'm new here. Hello to all.

In the past, I always bought and held. I stepped out of the market entirely for some time. With the current volatility I thought it would be a good time to try day trading (first entry). I bought 60 shares, and at up 17.5 % sold 20 shares. Plan on using that to buy a different stock that I think has equal potential. Any suggestions on strategy for balance. How long to hold or keep jumping on the bargains? What about rebuying when stock drops?

Sorry, meant to say McCain. I just see them as two peas in a pod.

StockHunter · Nov 8, 2008

I don't understand how your day trading (daytrading=buy AND sell in 1 trading session), because it sounds like your holding on longer then a day. If you are daytrading then 17% is a VERY nice gain and I'd sell all my shares. If it's a daytrade that you decided to carry into a swing trade (holding a few days to a month) then taking the 20 shares off and letting the rest ride sounds like a good idea. Either way, nice pick!

Harryjack · Dec 10, 2008

When it comes to investing in the stock market, investors should know when to hold on to stocks and know when to unload them.

Most financial experts believe that the buy-and-hold strategy.which requires investors to buy stocks and then keep them for the long term.is the best method for ultimately making money on the stock markets. The rational behind this strategy is that, while the markets will likely experience ups and downs stemming from numerous factors, over time the stock markets tend to push upwards. Which means that those who use the buy-and-hold strategy stand to make money over time.

rathcoole_exile · Dec 10, 2008

unless you bought just before the 1929 crash when it subsequently took 20 years of pain to reach breakeven
(not sure of the facts but it's something like that, i don't have the energy to research sufficiently to refute this peurile ****e. If buy-and-hold is your bag, then buy an index tracker. of which x% always outperform y% of managed funds blah blah blah, apparently)

StockHunter · Dec 10, 2008

Harryjack said:
When it comes to investing in the stock market, investors should know when to hold on to stocks and know when to unload them.

Most financial experts believe that the buy-and-hold strategy.which requires investors to buy stocks and then keep them for the long term.is the best method for ultimately making money on the stock markets. The rational behind this strategy is that, while the markets will likely experience ups and downs stemming from numerous factors, over time the stock markets tend to push upwards. Which means that those who use the buy-and-hold strategy stand to make money over time.

lol, if you bought and held on for the past 10 years you would be at a loss

Strategies?

Ron_H

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trader_dante

Veteren member

Hotch

Experienced member

Ron_H

Newbie

Ron_H

Newbie

StockHunter

Active member

Harryjack

Newbie

rathcoole_exile

Guest Author

StockHunter

Active member

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