I've been watching all the comments today about this stock. I was a professional trader, although I traded futures, and not stocks. I've been shaking my head all day. I'll tell you why.
Pros never gamble. They plan the trade first, then trade the plan. When you deviate from that to "see where it goes," you're gambling. Fine when it's with a small amount of profits you've allocated, but I'm seeing a lot of posts that folks are all in. At least ladder yourselves out of the trade.
Pros develop a healthy dose of skepticism. That means they come up with just as many reasons to stay OUT of a trade than to get in. Everyone I see here is overwhelmingly positive about this company. It may be right...but develop the skepticism, too. When you're overwhelmingly positive, you're trading on emotion. You will end up getting burned more times than not.
I could add more, but these two especially are relevant here.
I've been watching all the comments today about this stock. I was a professional trader, although I traded futures, and not stocks. I've been shaking my head all day. I'll tell you why.
Pros never gamble. They plan the trade first, then trade the plan. When you deviate from that to "see where it goes," you're gambling. Fine when it's with a small amount of profits you've allocated, but I'm seeing a lot of posts that folks are all in. At least ladder yourselves out of the trade.
Pros develop a healthy dose of skepticism. That means they come up with just as many reasons to stay OUT of a trade than to get in. Everyone I see here is overwhelmingly positive about this company. It may be right...but develop the skepticism, too. When you're overwhelmingly positive, you're trading on emotion. You will end up getting burned more times than not.
I could add more, but these two especially are relevant here.
Thanks for the balanced perspective.
I appreciate your advice and agree
I don't disagree. This should be looked at as a bet, not a technical analysis.
I'm in.