Seeking Alpha
  • wigit5
    well the gains of earlier this week are now all but gone, just need to tell myself I'm not a trader. $COP $ANR $PSX $INTC $QRE
    4/12/13
    Reply (29)
    • cfb5006: I wouldn't be running too far from these coal names here. This pullback with the good news (WLT CNX & Nat Gas) seems like more of a gift.
      4/12/13
    • Perkins Cove: Please don't tell yourself that. The Oberman (Ocean Man) says "Everything starts out as a trade. The ones that drop 10% become investments"
      4/12/13
    • Perkins Cove: No matter "trader" or "investor", learn how not to lose your money. http://bit.ly/zZ8RDp
      4/12/13
    • cfb5006: Everyone left these for dead with falling met coal and record low nat gas. Now those fundamentals have changed.
      4/12/13
    • wigit5: I never was a trader perkins, nothing I have bought did I think I would sell in less than a year... I won't run from any of these names as
      4/12/13
    • Perkins Cove: When bigthinker wakes up from his nap he will probably tell you the same thing. In his words "do not give back your gains".
      4/12/13
    • cfb5006: Usually stocks rise before fundamentals; however, that is not the case here.
      4/12/13
    • wigit5: I believe all have upside long term I dumped $JRCCQ as I just don't see them surviving long term anymore The risk of getting nothing was high
      4/12/13
    • Perkins Cove: "If you have a bad position, release, and fight again tomorrow" (Top Gun....grin) Stubborn longs at the top of a market is a "bad position"
      4/12/13
    • Perkins Cove: Be prepared to "go to guns"....er....cash. Also learn shorting and or inverse ETFs. (Ocean Man was 65% cash the other day. Learn from him.
      4/12/13
    • wheelz23: it's not what you believe it's what the market believes...think like that and you'll do better
      4/12/13
    • wheelz23: it's not a matter of being right/wrong or being a trader or investor...it's about making a profit
      4/12/13
    • cfb5006: It blows my mind that more people aren't rushing into these therm coal names with nat gas at 4.20+. What are you waiting for?
      4/12/13
    • Perkins Cove: wigit5, I am evidently not the person you will listen to. So, I'm peeling off and heading back to the carrier. "Ghost Rider, this is Ice..
      4/12/13
    • Perkins Cove: wheelz23 (is that you Viper?) good points.
      4/12/13
    • Scott Hopper: wigit5, as a DGI I'm in your corner stay long and prosper [(unless divi suspended or reduced :-)]
      4/12/13
    • wigit5: haha Thanks Perkins, it's not that I'm not taking your advice I hear your points and it goes into my decisions! For the numbers I'm still
      4/12/13
    • wigit5: profitting, my dividends have helped me stay profitable (outside of the $JRCCQ trade) which was just poor timing/judgement. It was my first
      4/12/13
    • wigit5: set of buys ever without a broker so I'm writing it off as a learning experience.
      4/12/13
    • wigit5: Scott, exactly I believe long term these companies are solid and when I am ready to sell them they will make me money.
      4/12/13
    • Scott Hopper: Right I was long in HNZ until an announcement a few weeks ago...:-)
      4/12/13
    • wheelz23: at least you admit losses...many people on here talk about their wins, but don't mention their losses
      4/12/13
    • wigit5: I don't see the point in not admitting losses, people who only talk up their gains on a basically anonymous website have issues (to be nice)
      4/12/13
    • Scott Hopper: Me wheelz? I sold HNZ with a 20% gain in one day when Buffett announced purchase......:-)
      4/12/13
    • wigit5: not to mention that no one should really be ashamed of attempting to better their own situations. losses suck but it's nothing to lie about
      4/12/13
    • wheelz23: i have this favorited and read it from time to time, courtesy of jeff pierce: http://bit.ly/12V3FiQ
      4/12/13
    • wigit5: thanks wheelz i'm going to print that and post it next to my computer great words...
      4/12/13
    • wigit5: thanks for sharing
      4/12/13
    • Perkins Cove: @wheelz, excellent link! All good points to absorb, not just read and file away. Kudos to you and Jeff Pierce, at "Zentrader"
      4/13/13