Posts filed under “Apprenticed Investor”

Honor the Discipline!

Last week, I mentioned I made a QQQQ purchase ("toe in the water"); I also suggested that "since its now almost in the money by a half point, I’ll move my stop loss to breakeven. I’ll average up if we rally, and hold the position until it starts misbehaving."

As it moved higher, I also moved the stop loss with it. When it broke
$38 today to the downside, I was stopped out for a very modest gain.

If you bought something for a trade on Thursday’s plummet, you may be
getting close to breakeven on it (depending upon what you purchased).
Your discipline should be to never let a winner turn into a loser, and
never let a Trade become an Investment. You can always repurchase
something back if it starts behaving better later.

For now, if you took something in for a quickie, and it ain’t working
out, you should be thinking in terms of capital preservation, not the
next turnaround or bounce.

Category: Apprenticed Investor, Technical Analysis, Trading

Apprenticed Investor: 10 Lessons Learned in the Selloff

Category: Apprenticed Investor, Economy, Investing, Markets, Psychology, Technical Analysis

How Cheap is the Market?

Category: Apprenticed Investor, Data Analysis, Earnings, Investing, Markets, Psychology

More on Stocks Making 52 Weak Lows

Category: Apprenticed Investor, Psychology, Technical Analysis, Trading

Principles to Assist in Financial Decisionmaking

Category: Apprenticed Investor, Investing, Psychology

How Professional Traders Differ From Amateurs

Category: Apprenticed Investor, Investing, Psychology

What do you believe that’s actually false?

Category: Apprenticed Investor, Investing, Markets, Psychology

10 Smart Selling Strategies

Category: Apprenticed Investor, Investing, Trading

Measuring Real-World Inflation versus Investing Returns

Category: Apprenticed Investor, Federal Reserve, Inflation, Investing, Markets, Psychology

Are you a ‘clueless’ investor?

Category: Apprenticed Investor, Investing, Psychology