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Started By
Message
I've severly failed at timing the market, but I've picked good stocks.
Posted on 11/27/13 at 10:13 am
Posted on 11/27/13 at 10:13 am
So over the past few years I've changed my policy on trading.
1st: I've stopped trying to catch falling knives.
2nd: I've looked only at market leaders that could gain market share and ROI over competitors.
3rd: I don't day trade.
4th: I've thought the market was basically good at valueing stocks so I shouldn't expect major swings greater than 30% for a stock. Get in at a low value, get out at a higher value. Good profit.
The problem I've noticed over the past year is most stocks have shot up well past my sell point:
FSLR: Bought at $30, Sold at $36, now at $60
GT: Bought at $12, sold at $14, now at $22
AAPL: Bought at $390, Sold at $450, Went to $700, Bought again at $390, Sold most at $500, now at $540
Google: Bought at $880, Sold at $990, now at $1060
AMZN: Bought at $250, sold at $300, now at $380.
I feel like I need to stop selling full positions in the future. That's why I'm holding 1/3rd of my position in AAPL. The others I'd like to get back into but I'm hopeful for a pullback that doesn't seem to be coming.
(Just a random posting...)
1st: I've stopped trying to catch falling knives.
2nd: I've looked only at market leaders that could gain market share and ROI over competitors.
3rd: I don't day trade.
4th: I've thought the market was basically good at valueing stocks so I shouldn't expect major swings greater than 30% for a stock. Get in at a low value, get out at a higher value. Good profit.
The problem I've noticed over the past year is most stocks have shot up well past my sell point:
FSLR: Bought at $30, Sold at $36, now at $60
GT: Bought at $12, sold at $14, now at $22
AAPL: Bought at $390, Sold at $450, Went to $700, Bought again at $390, Sold most at $500, now at $540
Google: Bought at $880, Sold at $990, now at $1060
AMZN: Bought at $250, sold at $300, now at $380.
I feel like I need to stop selling full positions in the future. That's why I'm holding 1/3rd of my position in AAPL. The others I'd like to get back into but I'm hopeful for a pullback that doesn't seem to be coming.
(Just a random posting...)
8
Posted on 11/27/13 at 10:22 am to C
It's strange to feel like you've messed up even after making good money, isn't it?
How much money have you "missed out" on losing because you sold when you did?
How much money have you "missed out" on losing because you sold when you did?
Posted on 11/27/13 at 10:32 am to Korkstand
quote:enough.
How much money have you "missed out" on losing because you sold when you did?
Posted on 11/27/13 at 10:34 am to C
gtc trailing stops....
Posted on 11/28/13 at 10:30 am to C
My brother bought two bitcoins just to see what happens and sold one a week or two ago. He has been bitching all thanksgiving about how he missed 200$ worth of profits
#WikiTigerSignal
#WikiTigerSignal
Posted on 11/28/13 at 11:02 am to C
You made a pretty nice profit on every one of those transactions. I think you timed pretty well, actually.
Posted on 11/28/13 at 12:27 pm to C
quote:
FSLR: Bought at $30, Sold at $36, now at $60
GT: Bought at $12, sold at $14, now at $22
AAPL: Bought at $390, Sold at $450, Went to $700, Bought again at $390, Sold most at $500, now at $540
Google: Bought at $880, Sold at $990, now at $1060
AMZN: Bought at $250, sold at $300, now at $380.
I feel like I need to stop selling full positions in the future.
It looks to me you've been very successful. Stop kicking yourself for maybe selling when you did. Remember Buffett's saying, "No one ever lost money by taking profits."
Posted on 11/28/13 at 12:53 pm to C
quote:
The problem I've noticed over the past year is most stocks have shot up well past my sell point:
Join the club
And most recently, bought some SLV where I thought bottom would be... NOPE
Posted on 11/28/13 at 6:46 pm to C
It's hard not to look at "what might have been", but you took profits, focus on the next move. 
Posted on 11/28/13 at 10:14 pm to William Stephenson
quote:
gtc trailing stops....
This. Always.
Posted on 11/29/13 at 9:16 am to Lsut81
quote:Today is MUCH better for us SLV holders.
And most recently, bought some SLV where I thought bottom would be... NOPE
Posted on 11/29/13 at 9:26 am to LSURussian
quote:
Today is MUCH better for us SLV holders.
Yup, opened it up and peaked through my hands over my face to see what it was doing. Up 2% and some analysts are predicting a climb from here.
I'm still down 13 cents from where I bought in.
Posted on 11/29/13 at 9:50 am to Lsut81
quote:You're going to be good with that. I'm in at $19.59 so I have further to go, but I'm pretty sure I'll be okay, too.
I'm still down 13 cents from where I bought in.
Posted on 11/29/13 at 10:02 am to LSURussian
quote:
You're going to be good with that. I'm in at $19.59 so I have further to go, but I'm pretty sure I'll be okay, too.
Im no where near the guru that you are, but I know for a fact it will break $20 within the next month or two. I know you have a lot more invested and it hurts you to have to wait, but for me, I can.
Like I said, Ill prob ride it up to 22-23 and sell off
Posted on 11/29/13 at 10:09 am to Lsut81
quote:I'm definitely no guru.
Im no where near the guru that you are
quote:I agree.
but I know for a fact it will break $20 within the next month or two.
quote:I can wait, too. I really don't see much else to trade right now, especially today. The volume is so light today a thousand shares bid or asked can move the market. It's a good day to enjoy leftovers and watch some LSU sports, football and basketball.
it hurts you to have to wait, but for me, I can.
Posted on 11/29/13 at 10:51 pm to LSURussian
OP: I think you've done a great job. Getting out with a profit is a job well done, even if it continues to rise. You said you got in GOOG at $880. I bought a share about the same time when it was at $893. Then they had that great earnings report shooting it into the thousands. I plan to hold onto it for a while seeing where some of their products they are pushing go. AAPL and AMZN are other good ones as you said.
As of December 2009, the United States Census Bureau projects a world population of 8.4 billion by 2030.[1]
Personally, I'd like to learn more about commodities such as gold and silver. The demand for precious metals will rise causing prices to increase. Also, if you're investing for the very long term, consider world populations, further globalization (especially in Asian markets as more communist countries start to loosen their grips), and all the products that will be introduced. PG, JNJ, etc. all have facilities in Africa and Asia gearing up for the billions of people in these new markets. There are billions of people just now getting introduced to deodorant and toothpaste. Consider the future $$ opportunities for these companies!
As of December 2009, the United States Census Bureau projects a world population of 8.4 billion by 2030.[1]
Personally, I'd like to learn more about commodities such as gold and silver. The demand for precious metals will rise causing prices to increase. Also, if you're investing for the very long term, consider world populations, further globalization (especially in Asian markets as more communist countries start to loosen their grips), and all the products that will be introduced. PG, JNJ, etc. all have facilities in Africa and Asia gearing up for the billions of people in these new markets. There are billions of people just now getting introduced to deodorant and toothpaste. Consider the future $$ opportunities for these companies!
This post was edited on 11/29/13 at 10:53 pm
Posted on 11/30/13 at 11:46 am to PelicanPoop
quote:
commodities such as gold and silver.
one of those is a currency
Posted on 12/2/13 at 9:19 am to C
No one loses money taking profits.
Years ago, I had AAPL for $20 and sold at $25. But I also had a significant stake in Circuit City that I bought at $17 and sold at $15.
Works both ways.
Years ago, I had AAPL for $20 and sold at $25. But I also had a significant stake in Circuit City that I bought at $17 and sold at $15.
Works both ways.
Posted on 12/2/13 at 9:39 am to Lsut81
quote:
Today is MUCH better for us SLV holders.
down big today. Good luck to you guys. I have no way of valuing commodities.
Posted on 12/2/13 at 10:45 am to C
quote:
down big today. Good luck to you guys. I have no way of valuing commodities.
Here here. I don't hold any SLV right now (although I'm tempted to get in today), but I feel for the guys who are already on the roller coaster. Patience pays off with commodities, though. Definitely not something I'd get into for a quick buck.
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