3SOF

Rest easy i just sold at 1.30 i'm sure that's the bottom.  It's no one's fault stuff happens, i just think a good rule of thumb is you buy for an event, and good or bad, you sell if the event does not happen.  30% loss too much to take in technical analysis, and too hard to make up.  oh well, does anyone know something about to go up 60%?

fucking on fire alright.  burnt a hole in my back pocket, cant seem to find my wallet anywhere.  has any one seen my money? anyone?  What the #%$# !!! im not baiming anyone but me, but Im sure getting pissed of at me alot lately.  I need a win.
sorry venting...

Try this link for some good advice:
http://www.hardrightedge.com/wheel/hrerules2001.htm

puenthouse:  Please keep this board clean with the language.  Let's not make the 3SOF boards look like Yahoo boards.

Thanks

Guys,

Please calm down !
This website is a T2T project... From traders to traders...

Losing makes part of this game... Otherwise, the world would be full of «Bill Gates»'s

Looks like GLGS is going against our plan... Looks like a lot of people is losing a lot of money... But it looks to me that a lot of people are over-reacting at this point.
We are here not only giving stock picks, but trading in real time with an open portfolio. Well.... Real portfolios, get some real Losses along with real winnings...

It's really hard to run this project, if people start to behave like they are doing right now on this Topic.  I'm really pissed off with this GLGS loss on our records, but I'm even more with this topic and some of it's messages.

REMINDER: This is NOT Yahoo or RagingBull messages boards !!!!!

I'm sorry if I'm being rude, but I had to write this post.

Best regards to all Traders !

I'm buying at this cheap prices since i belive the stock is way undervalued. The company have promised a partnering Q3. Trial result's is waiting around the corner. I think you are making a big misstake if  you are selling now. The support at 1,28 is huge. I think we have find the bottom.
With good news we will se $3 in minutes. And remember news is around the corner!!!

BTW, thank's to the moderator  STOCKSONFIRE.COM is greatso far!

regards

Hey Ramsburg I wouldn't worry about it so much. You really can't stop some one loading up on 1 stock 100% and be the first to complain on any losses. This is an open message board and as such, unless it is restricted by some means you will not be able to prevent opinions good or bad.  Ultimately people should realize this is all risk, and if you follow any pick its on your own risk. Hey I took a hit not once but its part of the game, no one can bat 1000%

Best of luck to all! 

Comon guys, losing is part of the game. I too took some big losses in MTDX and minor one in GLGS. But I have two choices, either quit or learn from it. And I am sure those who lost big wont be running away, and neither am I.

that's the spirit stocky, market is here to stay and so am I 

If your going to play this game,,expect losses.Make the trade with the thought in mind "What is the worst case scenario if i am wrong"?And only trade $ that you can afford to lose on a given trade.And review each losing trade to see where you went wrong.A losing trade is never a fun thing but what is worst is to repeat the same mistakes time and time again.Remember also there has been some great trades posted here"IIJI",etc.

Ramsburg
You are great dude. I have learnt a lot from you.

Winning and loses are the part of this game.

Quote from: calguy on June 23, 2005, 03:10:30 PM
Try this link for some good advice:
http://www.hardrightedge.com/wheel/hrerules2001.htm

applaud for the link.

Quote from: netman on June 23, 2005, 05:30:09 PM
Ramsburg
You are great dude. I have learnt a lot from you.

Winning and loses are the part of this game.

applaud for the 'pic' [literally]

I got some today just to get on board but will wait to add until I see it reverse which should be tomorrow as the vol was way down today and the stock stayed exactly above the 62% retrace so still in bullish mode as is a "normal" pullback at this level.

Usually it is not a good idea to add to a position at a lower price to "average down" but with a tight stop and good timing it can make up for a loss. As an example to buy close to the 62% retrace and give it only a couple of cents on the downside could work out with minimal risk.

I posted this chart earlier to show the 9-day bounce point or the 62% retrace point and so far the 62% is holding so we will see how it does tomorrow.

Chart

http://tinyurl.com/dhwwm


(the ranking system is interesting - I noticed I had 121 until I posted the note about the $3 target was based on a wrong idea - then it fell to under 10 - gee - don't blame the messenger --)

anyway the market made a nice correction today down almost to the 32% retrace and to the 200-day EMA so a bounce is expected short term. Will be fun to watch and here is the chart --     http://tinyurl.com/aedsj     

I sold GLGS near the close for a whopping 28% loss. With 6.66% of portfolio invested in it I lost about 1.9% of global equity. On «Trading for a Living» from Alexander Elder it says: «Not risking more than 2% of total equity in any given trade is a sound money management rule».

The stock closed below $1.46 which was my selling threshold so I did sell it. This trade will stand on record as the worst trade in 3 Stocks on Fire history, at least until now, I hope forever.

Of course the stock was to be sold immediately after perception of a wrong analysis (I told I would do so if I were alone in this stock). I bought at $1.85, then found out I was wrong and the next open was $1.72. I could have lost just 7% had I sold at that open. But as anyone here I'm learning, and I know that in order not to forget big lessons I must take a good size charge. Off course, seeing so many of you guys hooked up on this because of my analysis made me go down in sympathy ... the captain is always the last man to leave the sinking ship.

I've lost $4,240 on this trade, so no one is more upset with this than me.

Now, what should a speculator do after something like this happens? Take the lesson, pay the tuition fee and move on to another speculative venture.

I'm not asking anyone to follow my analysis, I'm just a trader with a public and open portfolio. Here you can see how I pick stocks, what is the reasoning behind the trades, and hopefully, together with your comments, we can learn something about the stock market.

Taking on a suggestion made on this thread I will start a Sticky Post with some clues about selling, a much harder task than buying a stock ...  and that's all to it, good night.