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$1000 to $32000, with momentum strategy.

Started by stocky, July 22, 2005, 02:04:12 PM

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stocky

#30
thx elite, I must have killed the strategy in the middle. Very immaturish, i admit.

The real reason being I am not able to give time during trading. This loss of focus has resulted in shift in strategy [parking in past momos then current one]. Anyway, I played some momos with half confidence and lost [BOOM, WTSLA], but again the point is that if one can't focus then its better to sit out and come back whenever one can.

Hope you will mass up the infinite experiment. Great learning for all of us. Applaud.

Also wanted to share the following cartoon [very relavent otherwise dont know if Ramsburg will tolerate it here :) ]  (c) Cartoonbank.com

AussieTrader

Bad luck Stocky,

However I'll give you an applaud for 2 things: 1) For actually posting what you wanted to do and showing your buys and sells. 2) Holding up your hand and admiting it wasn't working out.

An observation from my side being that you were buying volatile penny stocks which can be an emotional roller coaster at the best of times and falling into the classic trap of selling on pain rather than plan. On FCCN I'll tell you there were just not many sellers down at $0.0475 (I had an order sitting there all day for 100K that didn't get a bite). I have seen it so many times people sell in reaction to intraday dip only to find that was the LOD, done it myself plenty and learned.
Don't lose heart though and keep on contributing.
AussieTrader
www.3stocksonfire.org

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gmarc66

It was a brave attempt Stocky! Appreciate your efforts...and I hope u hang in there, it definitely is a tough racket and can often be quite unpredictable, even with all the technical and fundamental analysis done...nothing is ever guaranteed here.

I have been in that same position,many, many, many times...did i mention 'many!' times.

Sometimes we just got to take a breather...hope to see u back here soon.

Take care and thanks!

julia






stocky

thx aussie and julia, i have learned a lot from the post of you guys. Hope I will be wiser in future. Taking little break for a while. But will be showing up here, b/c I am addicted to 3SF :)