Hi Cathy, For me swing trading is a better option. I do have long term holdings in the gas/oil sector and some tech. Really depends if you have access to the computer. Buy and hold is fine. Trading could be an option on occasion to lock in gains along the way in case things don't work out. Just my opinion and both strategies can be profitable. Good luck!
You are leaving a lot of money on the table throughout the year. Remember until you sell you don't have a profit. Probable market correction or stock specific news could make a stock go much higher or drop heavily. Why risk that? I hope to sell in the $15.60-$15.80 range today or tomorrow which may be obtainable. Sell and lock in gains over and over and its like the stock already reached $50. Better then waiting to hit a home run.
TNXP spotlighted in Three media outlet. I really hoped this would have bounced this morning. Not sure what happened today!
It should pop again. Should be able to get $15.80 range. Who is trading? Good luck
Just profit taking is my guess. People were waiting for a press release. Should come out in the next few days regarding the updates from the meeting. Should be a strong rebound upon announcement. 13.98 just crossed. Good luck!
Sentiment: Strong Buy
I usually don't post my trade announcements only started to when I was debating to a short that he should have covered around 13 but he wouldn't listen. BTW I am trading heavily and large volume. It may not be a penny stock but TNXP is the definition of volatile. My comment was to Cathy that people that are at work or investing 4 or 500 shares don't have to worry as much since they don't have that much at stake. They can afford to take a loss or have years to wait for it to come back if bad new occurs. The people that bought 17-21 are most likely anxious to sell and get there money back providing much upside resistance. Just trying to provide helpful advice. Good luck!
Well, I have a trading platform and have been doing this for a living very successfully for years. My first big gains were before the internet bubble with CMGI and RRRR - Rare Medium stocks that went up over 500 points. I sold. Had a friend that held RRRR and he complains to this day that he was up $300,000 and ended up the stock dropped and he made only a few thousand before a reverse split. He wish he sold. Losses are part of the game and I cut my losers around 8 %. At least with the internet there was a creation of content. This whole market now is a fabrication of the Fed and will crash at some point. That's why I prefer to take the large gains. I can always buy the new range. This was a 15% profit in two days since I bought. If you have a 4 or 500 shares then not so much to lose and you can wait it out. . Good luck!
By locking in gains over and over I am doing better then buying and hoping for a home run at 17. To use a baseball analogy I prefer doubles and triples. Don't forget there are many people still trapped in the 16 and 17 range that are hoping to get their money back and are ready to sell. This will be range bound for a while. If you were trapped higher I would wait and see what unfolds. Good luck!
Now you can see the advantage of trading over buying and hold. Safer and you bank repetitive gains over and over. Bought at 13.35 two days ago. Why wait for a homerun? In case of a market selloff or selling on the new occurs after the conference on Monday. Everyone knows with a corrupt Fed propping the market it will eventually make for a very hard landing.