How did you get so wealthy Warren Buffet?
I always sold too early.
Yep its kinda my new thing. That and when i see a rally that might have a pull back I hedge anything I want to keep long.
Edit- It still gets you though…I sold out of RDN and LCC on Monday haha.
Oh yea, obviously.
The point is you can:
Take earnings early on and make 10% but be sad about the extra 20% you lost.
or
Not take your 10% and hang on for 30% in a market as volatile as this one and then be pissed when you bail out on the downturn and still end up with 10% + frustration.
“Sure things” FTW
uhhh, not like you don’t know this, so, I’m just sayin.
Yep. Being as I am still very new to investing and still learn lessons daily. This is important and a ton of people dont understand that a market like this has to be bought and sold often if you really want profits. I have let too much money walk going for that extra 10%. In todays market when you see something go up 15%+ in a day no way im not taking earnings.
BTW-Glad I cut those shorts so far.
You’re new to it?
LOL well i guess not but I still feel like I learn enough from new things on a regular enough basis that I would consider myself still learning. If that makes sense. I think people are new to investing especially active investing for a solid 4-6 years.
See, there is the key. 
Not that I’m any better or should be passing judgement
Fin right it is man. The important thing is for people t really take note of every trade they make and solid strategy that they stick to and mold it to what works I guess. Most important thing I fell is that there is SOMETHING to be learned from every trade. Hmmm speaking of I have wayyyy to much long right now after clearing those shorts out today. Trying to figure out what I should pick up as a hedge for tomorrow since im not cutting my long position just yet.
Wow, my hedges must be pretty even.
I’m currently up $20 on my long portfolio today and $20 on my short portfolio :lol:
I would think about shorting WB if you want to hedge some financials. On one hand, shorting a $6 stock is like jumping off a pancake, it can only make you so much, but with the low share price WB is much more volatile than the market as a whole. If the rest of them are going down 2%, i would expect it to drop 5-10.
Im up $336 on my longs for the day and cashed out up about $400 on my shorts this morning. Another easy day but I am really venerable for tomorrow if I dont figure out something quick to grab to hedge my stuff unless i get a nice rally tomorrow in which case im selling off about 30-50%
Bought some QID and I am gladly losing quick on it. Just wanted to play it safe holding as much as I am into tomorrow. If I lose 10%+ on this I will be very happy lol.
This picture on the main page of cnn.com inspires a lot of confidence.
wishihadphotoshop&knewhowtouseit
“I accidentally the whole economy”
President Bush responds to a reporting asking, “How big of a bitch is Nancy Pelosi in person”?
LOL solid additions.
I still maintain that 99% of people don’t have the time or resources to actually try and make money consistently on short-term investments. There are people that have been doing this a lot longer and aren’t faring well. I would suggest that all of the people getting in to investing right now due to the glamour of a few peoples gains (remember the gambling analogy) need to keep this in mind. It is a great time to get money in to the market but don’t be chasing short term gains. Solid investments right now will make you lots of money in the long run. Chasing shorts is fun, and can make you money, but make sure it is throw away money (which if you are just getting in to investing, I’m implying that you don’t have 
)
lolol
Thanks brah!