Arrayfunction
:
Ahhhh, finally vindicated after holding since July. But what do I do oh great wise one? I only know how to HODL and not when to leave with my bag of money
Though in all seriousness, if you had any tips on how decisions are made (i.e. a NFA question :) ) as to when it is time to close out vs the risk/reward of further price movements, it would definitely be appreciated. Never had this happen before
Trytosaveabit
OP
Arrayfunction
:
Me! I would scale out some to secure some profit and lower my diluted cost! That way I can handle bigger pullbacks and stay in profit longer! And then if it does pullback? I can then buy some more if it looks like it’s going up again! And I will still be below the price it would be currently trading at when I make that additional buy! But that’s just me! Hehehe. Yes you may not profit quite as much if you were to hold all shares to the top price! But at the same point! If it drops without me scaling out some! Well I can lose a lot more faster as well!
Arrayfunction
Trytosaveabit
OP
:
Thanks for the help! I arrived at a more primitive version of that logic, so it's very reassuring that I am not off doing something anyone else would know better
I am a bit more limited with my intraday trading because I only use cash accounts (to get more than the 3 "day trades" in a margin one). I will just pretend I am doing something by coding some simulations of your technique in R as I procrastinate a decision!
Trytosaveabit
OP
Arrayfunction
:
You are aware that since you didn’t buy today. You could sell that 10 different times today and it wouldn’t count towards a day trade anyways! A day trade is going in two directions in one day! So Ex buy 100, sell 100 = DT! Buy 100, sell 30, sell 15, sell 30, sell 25 = 1 DT! Buy 100, sell 40, sell 30 buyback 100, sell 30 = now 2 day trades! 2 full directions in a day!
Arrayfunction
Trytosaveabit
OP
:
Oh yes, very much correct! I have plenty of shares purchased with settled cash I can sell - but eventually I would run out of them if I traded volatility for a few hours
When it's an unstable limit cycle, I'd want to buy/sell 20-25% of the position at each peak and valley. That only works for so long before I run out ones I can sell without a GFV
T-24Century : crazy just hold on to hear good news
Trytosaveabit OP T-24Century : It should be coming soon! Hehehe
This_Guy Trytosaveabit OP : oh ya, focus is here now, waiting for the launch lol. yes sir!!!!
Trytosaveabit OP This_Guy : Indeed! GL and big profits to ya
Arrayfunction : Ahhhh, finally vindicated after holding since July. But what do I do oh great wise one? I only know how to HODL and not when to leave with my bag of money
Though in all seriousness, if you had any tips on how decisions are made (i.e. a NFA question :) ) as to when it is time to close out vs the risk/reward of further price movements, it would definitely be appreciated. Never had this happen before
Trytosaveabit OP Arrayfunction : Me! I would scale out some to secure some profit and lower my diluted cost! That way I can handle bigger pullbacks and stay in profit longer! And then if it does pullback? I can then buy some more if it looks like it’s going up again! And I will still be below the price it would be currently trading at when I make that additional buy! But that’s just me! Hehehe. Yes you may not profit quite as much if you were to hold all shares to the top price! But at the same point! If it drops without me scaling out some! Well I can lose a lot more faster as well!
Trytosaveabit OP Arrayfunction : BTW! Congrats on a great trade
Arrayfunction Trytosaveabit OP : Thanks for the help! I arrived at a more primitive version of that logic, so it's very reassuring that I am not off doing something anyone else would know better
I am a bit more limited with my intraday trading because I only use cash accounts (to get more than the 3 "day trades" in a margin one). I will just pretend I am doing something by coding some simulations of your technique in R as I procrastinate a decision!
Trytosaveabit OP Arrayfunction : You are aware that since you didn’t buy today. You could sell that 10 different times today and it wouldn’t count towards a day trade anyways! A day trade is going in two directions in one day! So Ex buy 100, sell 100 = DT! Buy 100, sell 30, sell 15, sell 30, sell 25 = 1 DT! Buy 100, sell 40, sell 30 buyback 100, sell 30 = now 2 day trades! 2 full directions in a day!
Arrayfunction Trytosaveabit OP : Oh yes, very much correct! I have plenty of shares purchased with settled cash I can sell - but eventually I would run out of them if I traded volatility for a few hours
When it's an unstable limit cycle, I'd want to buy/sell 20-25% of the position at each peak and valley. That only works for so long before I run out ones I can sell without a GFV
Your way sounds much more thought out!
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