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Do you trade long only, or short too? Ie, are you trading pure volatility, or more looking for situations where there's a temporary dip in pricing relative to

Do you trade long only, or short too? Ie, are you trading pure volatility, or more looking for situations where there's a temporary dip in pricing relative to fundamentals? Do you monitor daily, > daily, and/or use any automated tools to stop out of or otherwise monitor your trades? It seems like you could make consistent small wins here but would also be subject to occasional big losses.

syedkarim 14y ago
90% of my trades are long. I should be shorting more often, but I seem to have an irrational apprehension towards it, which is just plain dumb. It depends on the trade. If I have time to get a better feel of the way the stock has been moving, I'll trade volatility. That's when I'm setting lots of limit orders in a short period of time, which is uncommon for me. If I knew how to trade programmatically, I'd be doing a lot more of this. It's something I should learn this year. But most of my trading is based on what I feel are fundamental flaws I pricing. I make it a point not to actively monitor. I have Google Finance up all day, but I'm not glued to it. I just set a limit order to close my position as soon as I get into it. No real automated trading tools and don't stop out (which is really bad practice I should change). I've looked at autotrading via subscriptions, but since I'm booming gains as high as these pros, I see no point to encumber myself with complexity. For now, I'm a profitable simpleton. Of course, I fully understand my days are numbered. I'd much rather I didn't trade, but I can't any other activity with this kind if return in time invested. You're right--I should be coming against a big loss. Actually, I have seen big losses, but I just never realized them. That's what I mean by being patient. I just wait it out until the company turns around. The sites I use for insight are: Google Finance and Trefis. And I see what is going on in the order book--I use Interactive Brokers, which offers access to almost tick by tick trading.

syedkarim 14y ago

90% of my trades are long. I should be shorting more often, but I seem to have an irrational apprehension towards it, which is just plain dumb. It depends on the trade. If I have time to get a better feel of the way the stock has been moving, I'll trade volatility. That's when I'm setting lots of limit orders in a short period of time, which is uncommon for me. If I knew how to trade programmatically, I'd be doing a lot more of this. It's something I should learn this year. But most of my trading is based on what I feel are fundamental flaws I pricing. I make it a point not to actively monitor. I have Google Finance up all day, but I'm not glued to it. I just set a limit order to close my position as soon as I get into it. No real automated trading tools and don't stop out (which is really bad practice I should change). I've looked at autotrading via subscriptions, but since I'm booming gains as high as these pros, I see no point to encumber myself with complexity. For now, I'm a profitable simpleton. Of course, I fully understand my days are numbered. I'd much rather I didn't trade, but I can't any other activity with this kind if return in time invested. You're right--I should be coming against a big loss. Actually, I have seen big losses, but I just never realized them. That's what I mean by being patient. I just wait it out until the company turns around. The sites I use for insight are: Google Finance and Trefis. And I see what is going on in the order book--I use Interactive Brokers, which offers access to almost tick by tick trading.