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Alpine Total Dynamic Dividend F Message Board

rlo12453 7 posts  |  Last Activity: Aug 7, 2015 6:08 PM Member since: Jul 19, 2007
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  • rlo12453 rlo12453 Aug 7, 2015 6:08 PM Flag

    Good advice ~ here's another one that a wise, smart investor once said:

    Do not buy stocks that are in downtrends. Just DO NOT do it.
    Although I'm not and have not been in PGH, I've been burned in other stocks
    ignoring this advice.

  • rlo12453 rlo12453 Aug 5, 2015 6:11 PM Flag

    But wait! ... "the best is yet to come" ... and "just wait for the quarterly report"


    I guess you don't look so dumb now with that sell stop at $1.54, do you?
    That is why you earn a congrats message for maintaining your discipline.
    So once again ~ well done.

  • rlo12453 rlo12453 Aug 3, 2015 8:31 PM Flag

    Trading DISCIPLINE TRUMPS CONVICTION. How many hundreds of thousands of dollars in losses will it take for you to ever learn this. This is what traders do ... utilize trading discipline.
    We do not listen to BS like, "the best is yet to come" or "just wait for the quarterly report". Sell discipline stops in its tracks train wrecks like the cratering in PGH's stock price. Know your exit BEFORE you enter a position.
    How many people would have liked to have been stopped out of PGH at:
    $5 ... $4 ... $3 ... $2 ... well, hopefully you finally get the idea.

    To The_Professional_ Trader ~ Well done ... Did you ID an upside exit price for the trade?
    Above $1.60 you had a nice % gain in a few days.

  • Reply to

    Slow Stochastics ~

    by the_professional_trader Jul 20, 2015 10:00 PM
    rlo12453 rlo12453 Jul 21, 2015 12:42 AM Flag

    Look for the 5 day EMA crossover with the 20 day EMA - that will signal a short term buy with a stop at the intra-day crossover day low.

  • Reply to

    Breaching $2 today

    by grinderepos Jul 17, 2015 10:16 AM
    rlo12453 rlo12453 Jul 20, 2015 7:23 PM Flag

    You made a good trade. Why is that ... if you lost on the trade? Excellent trade DISCIPLINE. Well done ... and take the small loss and live to fight (trade) another day.
    Just when you think a position can not possibly go lower ... it will.

  • Reply to

    Breaching $2 today

    by grinderepos Jul 17, 2015 10:16 AM
    rlo12453 rlo12453 Jul 18, 2015 7:37 PM Flag

    I assume this posting ID is a nom de guerre for 2BC88. It's pretty shocking that after all the lecturing you have done about trading ... that you would be sitting on this magnitude (30%) of a loss. Know your exit BEFORE you enter a position. Four of the most important words in trading are, 'I made a mistake'. You should have been stopped out of this long, long ago.
    When a stock like this is in as severe a downtrend as it is, the counter trend up rallies are violent ... but also very short-lived. That is why if you are long ALWAYS have a stop in place. No matter how you feel about any stock position, never let any type of conviction sway your trading discipline.
    With the price this is trading at now, it effectively is an undated call option.
    So g/l, and I hope this recovers for all the longs. I'll be keeping this on my watch list for a short term trade ... but always with a stop in place if I'm long and the position should adverse.

  • Reply to

    Breaching $2 today

    by grinderepos Jul 17, 2015 10:16 AM
    rlo12453 rlo12453 Jul 17, 2015 7:39 PM Flag

    Have not posted in a long time, but I remember you and 2BC88 (or whatever his posting ID is now),
    talking TA with this stock. Man, if you're long this stock it is just unreal pain. I think the investment community has lost confidence in this management and its stupid insistence on paying out a dividend in spite of all the macro factors afflicting the oil market.
    I like your idea of a short term long trade - but I wouldn't go near this until I see a crossover of the 5 day EMA with the 20 day EMA - and even then only with a tight stop.
    What short term TA are you using to trigger a buy? I remember 2BC prefers a longer dated TA indicator for a buy but don't remember what that was.
    Anyway. hang in there and g/l.

7.95+0.02(+0.25%)10:59 AMEDT