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Peabody Energy Corporation Message Board

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  • livermore1929 livermore1929 Nov 25, 2011 2:43 PM Flag

    Rode from 40-44, dodged a bullet..

    Three observations, you were adding to a losing position, kiss of death, where as you should have reveresd course and bought puts, you are trying to make back the cash on the same instrament - BTU, and you are becoming emotionally involved in the game.

    You may wish to consider reading reminecences of a stock operator and how to make money in stocks three times each.

    I've never mastered the cut the losses at 3-5% and go short thing, wish that I had, many times. I just cut the losses.

    As jessie livermore said - there is only one side of the tape, the right one.

    Good luck with it, not that luck has anything to do with it.

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