The $500 Experiment

Quote:

Originally Posted by bearishbull

klip, how do you play your stops? that gets me from tiem to time, becuase you can't set stop limits for pennys. do you pick a number and if it hits that you sell? and if so, does that mean you watch your ticker all the time?

I work nights a lot of times and pretty much can watch the market all day. So yes, I watch them closely. Before I enter any trade, I know exactly what I expect to see that day. If I don't see it happening, I will bail. Sometimes, it reverses intraday and I miss out, but more times than not it continues with the pattern it is setting. Almost every stock I pick is at a "critical" point where it's going to move almost undoubtedly in my mind, but which way is always the mystery. lol. If I can't watch, I tell my wife what prices to inform me of and she watches and contacts me if it hits one of those numbers that I give her and she sells or buys for me. It's very black and white for me. There is no second guessing or looking back. It can beat you up too much.