Quote:
Originally Posted by tiger123
My average stack price is about 228. I bought it all in the past week. Lets hope she keep going up from here!!!  |
as a professional (Hedge Fund Manager), I will tell you that your trade (s) could be the worst I have seen/heard of in 10 years...It has a P/E of 54, and has gone VERTICAL recently. Absolutely HORRIFIC timing. I am sorry, normally I keep my mouth shut, but it's trades like this that cause the violent swings in the market. People chase chase chase stocks, rather than having some foresight, and then when things get bad, they panic out and cause the down move to be more exaggerated. Your Risk/Reward ratio becomes all risk, and virtually no reward (based upon collected statistics)
All of that being said, don't chase, if you see a stock you want to be involved in, wait for a down move to get in to it. Maintain discipline in your trading, you will do much better.