- You know every stock symbol on the top of your head.
- You’re not satisfied until you can make a profitable trade to make up for bad trades.
- You enjoy the challenge of trading over actually making money.
- You are constantly flustered by the ups and downs of a stock in a given day.
- You start to make crazy excuses and blame others for your bad trades.
- You frequent message boards and social networks to try and pump up your stock.
- You are glued to the Twitter stream to see what traders are actively buying and selling.
- First thing you do when you get up and last thing before you go to sleep is check your stocks.
- You find and follow a new stock everyday.
- You start buying based solely on what somebody says.
- You bet large portions of your portfolio on a few stocks.
- You check your account balance every 5 minutes of market hours.
- You scoff at the trading strategies of other people.
- You never really actually get better at trading.
Archives of “message boards” tag
rssHow to know when to exit your position?
This started as a quirky post but quickly turned into something probably more useful. I admit the post is based on personal experiences. Luckily, I do not make these mistakes any more….at least not very often ;). Enjoy!
1) It is time to sell when…..you find yourself using extra technical indicators on charts to justify holding your position that you didnt use to get into it in the first place!
2) It is time to sell when…..you find yourself going to yahoo message boards to see if someone has some positive news that you don’t know!
3) It is time to sell when…..you find yourself justifying to yourself holding a position for fundamental reasons when you entered it for technical reasons!
4) It is time to sell when…..when you ask an “expert” on twitter or some blog to chart a stock checking for entry when you are already in it!
Let me know if you readers have any other such fun “indicators” and I shall add them
How to know when to exit your position?
This started as a quirky post but quickly turned into something probably more useful. I admit the post is based on personal experiences. Luckily, I do not make these mistakes any more….at least not very often ;). Enjoy!
1) It is time to sell when…..you find yourself using extra technical indicators on charts to justify holding your position that you didnt use to get into it in the first place!
2) It is time to sell when…..you find yourself going to yahoo message boards to see if someone has some positive news that you don’t know!
3) It is time to sell when…..you find yourself justifying to yourself holding a position for fundamental reasons when you entered it for technical reasons!
4) It is time to sell when…..when you listen to an ” Idiot expert” on Blue Channels or Joker Analysts Websites to chart a stock checking for entry when you are already in it!
Let me know if you readers have any other such fun “indicators” and I shall add them.