[quote=desmond]Flu,
You could just admit you bought to early? I am now watching VLO and if it keeps dropping it seems it would be a good buy.[/quote]
Not really. Maybe. Hard to tell… Because I don’t buy/sell just one or two times… I buy in chunks, with each leg down , buy more and when it goes up a bit, I sell a bit early, because I can’t time the absolute low or absolute high and I’m just happy if I can get a $1-2 gain each trade up or down.
So, bought another 1000 shares just now at $19.91. I don’t know exactly how much I’ll make or lose until I exit this stock when it breaks out of it’s trading range of yo-yoing up and down. I wouldn’t put a heavy long term buy or short on shit like this because it bounces up and down all the time. Great for bed, not so great for long term holds.
And the other thing is I don’t need to be right all the time, just most of the time 🙂
