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Patience Is a Virtual

Posted by Satuki On January - 13 - 2009

I have no trades today. I am waiting for perfect set-ups. Most of the time, we wait, wait and wait…. As you can see from My Portfolio , it is kind of rare to have big winners. Most of the time, I work very hard to keep my head above the water.

 

FSLR dropped like a rock since some analyst downgraded it. I tried to short this quy quite a few times before. All went belly up. This time it went down without me. I would not short FSLR from here since the best short entry has passed. Your risk to short FSLR now is too much. So let it go.

 

I found twitter to be very useful to communicate with my readers. I can publish my trading thoughts easily to my blog and people who follow me on twitter. It takes 2 minutes to sign up and it is totally free. I might not be able to chat on Twitter too much during the market hours. You know how crazy it is if you have to watch 15-20 stocks at the same time. It takes a lot of concentration power. However,I will be more active on Twitter after the market is closed.

 

BTW, if anyone tells you that trading is easy or you can get triple digit returns every year using some kind of trading system or robot, that is a hideous lie. I can tell you that trading is harder than getting any bachelor’s or even a master’s degree in STEM. You will make it only after a tremendouse amount of hard work.

Good Luck!


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  • Melissa, paper trading is one way to go. I believe thinkorswim has a practice account(paper money). If you can have 2-3 profitable months in a ROW, then start with very small positions. Once you start to trade with real money, focus on executions instead of losses or profits.
  • Melissa
    Can you suggest a good way to pratice trading?
  • Ray, don't rush. It takes a lot of time and practice to be a good trader. I think it is the right thing to do to close all your positions for now.
  • Ray
    Trading is hard and takes a lot of discipline. I obtained my bachelors last year.. piece of cake! I am enrolled in a Masters program right now which isn't too bad. I started trading last year and now I am at a 6k loss.. Trading is tough as you said. I hope to learn a thing or two by observing your stock moves before I continue trading. I currently have no open positions.
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