tag:blogger.com,1999:blog-7138812688978974457.post5035402263019315862..comments2023-09-21T06:00:23.283-04:00Comments on Dinosaur Trader: I Lost Money On The Long SideDinosaur Traderhttp://www.blogger.com/profile/05675466667593721085noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7138812688978974457.post-85591514679999802242007-07-12T22:58:00.000-04:002007-07-12T22:58:00.000-04:00Tomorrow could be a dead day overall, but the open...Tomorrow could be a dead day overall, but the opening could still be wild. At least for some stocks.wincityhttps://www.blogger.com/profile/14062372365311040109noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-64331234582780366962007-07-12T21:09:00.000-04:002007-07-12T21:09:00.000-04:00Prospectus,That's a big debate I'm having with mys...Prospectus,<BR/><BR/>That's a big debate I'm having with myself... to move to breakeven or not... or, to trail the stops really close once a trade moves in my favor. I've let many winners turn to losers lately by holding too long.<BR/><BR/>I posted the 5 minute on TNH just because I thought it was easier to see the consolidation. My time-frame was actually a bit longer... in fact, I would have Dinosaur Traderhttps://www.blogger.com/profile/05675466667593721085noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-73596864433317293792007-07-12T21:04:00.000-04:002007-07-12T21:04:00.000-04:00Win,Yeah, the stocks I was in just felt stuck toda...Win,<BR/><BR/>Yeah, the stocks I was in just felt stuck today. There was a lot moving, but I just wasn't in it. It was simply frustrating.<BR/><BR/>I kind of think tomorrow could be dead. I hope I'm wrong.<BR/><BR/>-DTDinosaur Traderhttps://www.blogger.com/profile/05675466667593721085noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-67530517434191330922007-07-12T17:17:00.000-04:002007-07-12T17:17:00.000-04:00Dino,On TNH, you probably should have moved the st...Dino,<BR/><BR/>On TNH, you probably should have moved the stop to breakeven after it broke out. One rule I have is that once I'm up about 1R, or the distance from my entry to my stop, I'll move the stop to breakeven rather than take a loss. What was your trade timeframe and target? This looks like a nice ascending triangle setup that easily made the target (the breakout point + the triangle Prospectushttps://www.blogger.com/profile/04015439430885405767noreply@blogger.comtag:blogger.com,1999:blog-7138812688978974457.post-47084263627739349352007-07-12T17:06:00.000-04:002007-07-12T17:06:00.000-04:00I can feel what you feel. I was trying to buy sto...I can feel what you feel. I was trying to buy stocks all day but didn't find anything I feel comfortable. Watched TNH and BIDU closely but neither did much despite the crazy market.<BR/><BR/>You could've lost on many other stocks on the long side too, ICE, FSLR, HURC. I shorted HURC and was a bit scared when the market went insane. I was rather surprised when it dived.<BR/><BR/>IMO, it's muchwincityhttps://www.blogger.com/profile/14062372365311040109noreply@blogger.com