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Thread: I'm Back from Broke

  1. #11
    SiriMonkey is offline
    Now that you're back home Romo, venture out to other threads. I know you ain't all stock talk.
    Your ('re) much more than that. Remember?

    Julie

  2. #12
    imromo24 is offline
    Guru
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    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524
    HA! yes, barely!

  3. #13
    SiriusProfits! is offline
    Junior Member
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    Joined: May 2011 Location: Lone Star State Posts: 11
    Glad to hear your recovering imromo24, hang in there because the good stuff has yet to come.

  4. #14
    Dr. Dave is offline
    Mentor
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    Joined: Apr 2009 Location: SD Posts: 1,879
    Quote Originally Posted by imromo24 View Post
    I'm trying some new strategies...
    1. If you lose over 10% sell and try to make it back somewhere else (though I almost sold INTC at 8% loss, but I believed in it and it made a 13% come back last week!)
    2. Sell a stock after you make 20% (though with the rocky market I've been selling after 5-8% because it happens so fast right now you can get out and buy back lower within weeks)
    3. Try to wait for a stock to come to you, look for gaps to fill, wait for low volume that brings the price down 5-8% during lulls, then pounce. (been working, except its hard to time perfectly, sometimes I lose another 2% before it goes back up)

    Sweet, starting to sound like a swing trader like me... definitely much easier to stomach than having all your chips go south!
    Positions: Change so often, it's no longer useful to update this...

  5. #15
    imromo24 is offline
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    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524
    I saw your signature before. It's tough to talk stocks right now because i'm in and out some so fast. And I don't really mean to be, I'd stay in one for a year for a 5-10% gain but I'm getting them within days so I have to get out because i met my goal.

    I am finding that I can go long on some soon or change my goal for return. but like you said, its easier to stomach protecting profits when things also are falling so fast and sometimes for no reason.

  6. #16
    Dr. Dave is offline
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    Joined: Apr 2009 Location: SD Posts: 1,879
    Right now, it's a good thing I'm primarily a swing trader... not losing anything at all thru that, lol.
    Positions: Change so often, it's no longer useful to update this...

  7. #17
    imromo24 is offline
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    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524
    I hope your keeping up with the action! About 2 weeks ago I noticed an increasing short interest all around and dropping macd and broken technicals, so I took 15% out of the market and put it on my mortgage for a quick 6.5% "future" gain, and went long intc. Right idea, but should have stayed cash for a bit, but intc looked like it had plenty of support at different levels. Oops.

  8. #18
    Sean is offline
    Senior Member
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    Joined: Jun 2009 Posts: 395
    hey guys!!!

    i can't stop thinking about stocks lately lol (even tho i lost all my money in a week last time when i was just out of school!!)

    should i buy stocks again? is there a point in buying stocks if i only put in $1000.00? (i'd never buy penny stocks again tho)

    talk to you later
    Last edited by Sean; 09-02-2011 at 04:34 PM.

  9. #19
    john163888 is offline
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    Joined: Feb 2010 Location: Wayne County, Michigan Posts: 80
    Quote Originally Posted by Sean View Post
    hey guys!!!

    i can't stop thinking about stocks lately lol (even tho i lost all my money in a week last time when i was just out of school!!)

    should i buy stocks again? is there a point in buying stocks if i only put in $1000.00? (i'd never buy penny stocks again tho)

    talk to you later
    you should consider looking at the dry shippers

  10. Ad Fairy Senior Member
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