Love can stir up all kinds of emotions, some good, some bad. Emotions can make people crazy. They can make people happy, sad, angry,>>>>>> irrational.
Its no different in trading. Sometimes people fall in love with a stock. This can be a major mistake and one you want to try and avoid. The stock is nothing more than a vehicle to help you increase the size of your portfolio. Don't marry your stocks thinking its going to be a fairy tale romance where you live happily ever after. This is extremely important for day traders.
Case in point> I took $YOD for a swing last week after it had a big volume day and a little spike on news. I have played $YOD in the past and actually had it in my IRA as a swing. When it spiked last week I sold that position and started a new position on the pullback with my cash trading account. Friday it started to run, Saturday a seeking Alpha article came out. Monday the stock gapped up and took off. Then yesterday it had a continuation day. I scaled out of my position on Friday, I scaled out more on Monday and then I sold all of my Lottos on Tuesday the romance was over.
When stocks have a strong break out from a good base they often run for two or three days.
The stock went from under 3 to over 6 in 3 days. I love $YOD and I will look to play it again but it has made a tremendous move it needs to settle down a bit, absorb the move that it made and rebuild a base of stability.
I learned the hard way that I can not get caught up in the fantasy of a stock is going to the moon. Over the years I would have stocks that made this type of move only to hold it and watch all the gains disappear. I was being irrational because I was blinded by love and maybe a little greed. lol
Learn from my mistakes and do not marry a stock or let it get control of your emotions. Have a plan and execute the plan.
Morning movers and other stocks that caught my eye
$MRIN earnings nice daily gapper wait for a setup, $ETRM active premarket nice daily pr isn't all that great so don't chase it, $BLRX pr nice daily, $TWTR bounce play?, $STV continuation?, $MGIC hot daily 52 week highs on deck, $FOLD pr nice daily, $RGDO pr decent daily, $NSTG pr 50 dma bounce, $MTL pr bottom bounce? , $MSTX kinda hot daily looks like it wants the 1 dolla holla, $HK nice daily, $VICL earnings beat , $IPAS nice daily pr, $OESX bounce play, $CVM continuation?
Gold and silver miners continue to be attractive
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| Can You feel the Love ?? I can! |
This is what its all about!!
Member Email
" I just had to email you guys. I started watching this after Vegas mentioned it today in the chat room. I waited and watched for a while before taking a position. Shortly after leaving the room today I was finished trading for the day. I had time for a couple more trades and then Brandon's Place needed me.
Want a cool place to hang out, where you can learn from other experienced traders while having a few laughs? Some place where you can>>>>> feel the love?
Then click on this link http://wp.me/P3QO4L-QJ or if you want to learn more and see what current members have to say and hit the Join Us tab at the top of this page
" I just had to email you guys. I started watching this after Vegas mentioned it today in the chat room. I waited and watched for a while before taking a position. Shortly after leaving the room today I was finished trading for the day. I had time for a couple more trades and then Brandon's Place needed me.
Just after 4 I looked to see what it closed at.......WHOLLY CRAP!!!!!!!!!!!! I traded it several times and made great money today so I have nothing to complain about, but OMG if I had been in the position to watch it through the end of day, I would have more than likely squeezed in a couple more trades. I could not believe my eyes when I saw where it closed!
This is where I have to keep reminding myself to stop thinking that way and be happy that I was firmly in the green today, better then I expected. So, I will spend the rest of the night talking myself into this.......lol
Vegas......You're the man today, I don't care what NT says about you.....:)))) "
KF
Then click on this link http://wp.me/P3QO4L-QJ or if you want to learn more and see what current members have to say and hit the Join Us tab at the top of this page
Seeking Alpha
Today's Markets:
In Asia, Japan +0.6% to 14800. Hong Kong +1.5% to 22286. China+0.3% to 2110. India +0.4% to 20448.
In Europe, at midday, London +0.2%. Paris +0.5%. Frankfurt +0.9%.
Futures at 6:20: Dow +0.2%. S&P +0.2%. Nasdaq +0.25%. Crude+0.6% to $100.53. Gold -0.2% to $1287.
Ten-year Treasury Yield +2 bps to 2.75%.
In Asia, Japan +0.6% to 14800. Hong Kong +1.5% to 22286. China+0.3% to 2110. India +0.4% to 20448.
In Europe, at midday, London +0.2%. Paris +0.5%. Frankfurt +0.9%.
Futures at 6:20: Dow +0.2%. S&P +0.2%. Nasdaq +0.25%. Crude+0.6% to $100.53. Gold -0.2% to $1287.
Ten-year Treasury Yield +2 bps to 2.75%.
Today's economic calendar:
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
1:00 PM Results of $24B, 10-Year Bond Auction
2:00 PM Treasury Budget
7:00 MBA Mortgage Applications
10:30 EIA Petroleum Inventories
1:00 PM Results of $24B, 10-Year Bond Auction
2:00 PM Treasury Budget
Notable earnings before today's open: AAWW, AB, ACCO, ANR, BGCP,COT, CSTE, CYNO, DE, DPS, EZCH, HSP, INCY, LO, MSA, OC, PNK, RCI,SBGI, SPW, TLM, TMHC, TRI, VAL, VG, VICL, VOYA, WCG
Notable earnings after today's close: ACC, AEM, AMAT, ANGI, BGC,BGS, CAKE, CBS, CJES, CSCO, CTL, CTRP, CXW, DDR, ECOL, EFX, EXL,FNF, INT, IO, IPI, ITRI, KGC, LF, LPSN, MDLZ, MET, NEWP, NRP, NTAP,NTES, NVDA, REG, RKUS, ROVI, SKX, SPRT, SPWR, STAG, TAL, TCO,TNGO, WFM, Z
Good luck today !!
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