Watch the share today carefully. There is some serious fuckery afoot. It got halted as soon as it opened, then did a huge jump to 157, and then halted, and suddenly dropped to 144. The black hats might be doing the short sell trick, so if there is a dip, jump on it. Its an oppurtunity for those who missed.
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I can't keep posting on all these threads. I was a futures trader for ten years. A cardinal rule of trading is: NEVER CHASE A TRADE! If you miss it, your risk increases exponentially. A trader is not made by that "one big lottery win." A trader is made by many, many planned executions.
Please be careful!
I got in today because I couldn't do it yesterday due to work. So I paid about 11 times the price that everyone else got it for yesterday. I figure better late than never. Lost $1,500 in value the instant I bought, too. Pretty cool how that works.
What can ya do...I'm a buy and hold guy anyway
I'm sorry to say, "buy and hold," especially off of news, is a losing bet. Plan the trade, then trade the plan. A successful trader is made off of many planned executions, not that "one big trade" that puts you way ahead...but never happens, or you go broke chasing it.
Traders fail because they only plan half the trade -- the entry. You must also have an exit, and don't deviate from that plan. If you have enough profit built up, you can draw out your capital when you strike your exit, and let the rest ride with a trailing stop, but that's only when you have a few wins under your belt.
Never chase a trade!
All investors are not traders. Your remarks are valid and appreciated although they focus 100% squarely on traders, trading, and how to trade. That's not an area of interest for me—partly because every article available on "So you want to learn to trade stocks" warns several times in all caps that trading stocks in general is not for novices and is a losing bet for all but the most savvy and seasoned traders, who take years to develop their skill, and many never do quite get it right. If you're one of the successful few, congratulations. But no, this was simply an investment. I never "chase" anyone or anything: trades, clients, hazy dreams of untold riches, waffly prospects who can't make a decision, even my dog.
Soon as you start to chase, things and people run away as fast as they can.
Different people will define "investment" in different ways. I could not in any way call DWAC an investment, but you obviously have different criteria.
If more "investors" used trading methodology in how they approached what they do, I think people would be far more satisfied in their individual results.
Unless you know what TA is signaling and you find an entry point on the way up. But that takes a lot of time and practice and losses.
i get that but 2 things.
I stopped trading years ago as i had moral issues making money this way
fuck commies, my choice to buy has nothing to do with gains.
I have a whole library of trading books, but I was a trader from 1997 to 2008, when QE ruined technical trading. I'm sure all my books are out of print.
I'm sure there are good books out there now, but stay away from "gurus," especially those who charge hundreds or thousands. What you are looking for are time-tested rules that everyone follows, and work with your individual temperament. Check out summaries, and ratings on Amazon...that will help you narrow the field of good books.
I was a technical trader, because that used to be a good deal of what drove futures. Stocks requires a fundamental analysis of financials. But it's still good to have a working knowledge of both.