Swing trading... lessons learned...

[Websman]

I'm beginning to think that AOBites Good thing I'm in from 4 or so. I'm giving it one more day, or not even that if it drops below its 50.

I just posted almost the same thing over st the *** boards. I posted that I will sell if it drops below $5. If it goes more than a few points below the 50 line, there's no telling where it'll go.

I just bought the dang thing on Friday and now look at it. You're right BJ...AOBites.

[B.J]

Glad I gave it that one more day. Also, Webs, glad it didn't hit your sell either.

[Websman]

Glad I gave it that one more day. Also, Webs, glad it didn't hit your sell either.

Yea, me too.

Maybe we'll make some money now.

[B.J]

Maybe we'll make some money now.

No we won't. I'm finished with AOBites.

[Websman]

No we won't. I'm finished with AOBites.

I'll never buy AOB again.

[mooddude]

I had this stock too and it sucks. Good that I only invested $300 in it.

Anybody owned CMED? It looks like it followed the same direction.

[Websman]

AOB could recover, but there's no point in fooling around with a stock as volatile as this. There are over 8000 other stocks to trade. I can make it up elsewhere.

[B.J]

Well, I'm just glad I bought most of it when it was down at 3.60. Made some $$, but not as much as I could have.

Onward

[Websman]

Well, I'm just glad I bought most of it when it was down at 3.60. Made some $$, but not as much as I could have.

Onward

I just got through figuring it up. I made 15 buys and sells on AOB....Today's action put me at a loss. I traded it way too much. Another lesson learned.

Onward...

[B.J]

Cluck cluck... I'm such a chicken.

I have a 2/3 position of RWC which I bought at about 5.90. Had the chance the other day to add the other 1/3 in the low 6's. CRAP!!

On the bright side I still have my 2/3 working.

[Websman]

Cluck cluck... I'm such a chicken.

I have a 2/3 position of RWC which I bought at about 5.90. Had the chance the other day to add the other 1/3 in the low 6's. CRAP!!

On the bright side I still have my 2/3 working.

That's more than I have. My limit never hit on RWC. I guess I'm chicken too.

[B.J]

That's more than I have. My limit never hit on RWC. I guess I'm chicken too.

I was chastising myself out of frustration. You're not chicken. Just a disciplined Vulcan with your limit.

Often, I eschew the "limit" discipline and average in when a stock goes all over the place. With RWC, the first batch hit my limit, but I can usually be more liberal with my smaller 2nd batch if I like what I see once it begins to move. I chose not to add on Wednesday (actually did consider it), then it bounced back up like a rocket the day after.

I really wish I'd bought some TIII, but I'm sure there are more out there getting ready to rock.

[Websman]

I really admire Poorman's patience, so I'm trying learn that from him. It can be hard skill to master.

[spikefader]

I really admire Poorman's patience, so I'm trying learn that from him. It can be hard skill to master.

Man I'd love to hear more about this from ya Webs. Get specific if you have time dude. Patience is something we all need to be reading and focusing on. What is patience in trading? Where does it fit in? Certainly it is patience relative to our own trading rules that we set for ourselves, but there's an enormous amount that can be written by way of example of the things that happen to us that clouds that patience, that even confuses us about our own thoughts of whether we ARE being patient. The mind plays funny tricks on us humans.

And a Vulcan's perspective would be a wise perspective. I don't know Poorman's perspective, but I'm sure it's worth reading too

[dmk112]

I really admire Poorman's patience, so I'm trying learn that from him. It can be hard skill to master.

Poorman is more of an investor than trader. He let's stocks go down sometimes to 20-30% and a trader wouldn't allow that. So sometimes his patience pays off when the stock comes back but when it doesn't, it doesnt.