Seeking Alpha
  • Ryan Mallory
    Avoid Selling At the Highs http://bit.ly/wwuFKX MTG STUDY
    1/5/12
    Reply (13)
    • JCH57: I usually do that quite effectively. As soon as I sell something, it inevitably spikes up.
      1/5/12
    • sstonerm3: Trying to be ok with selling ARLP at 80.10 when it continued to 82 today. Still took +$6 bucks per share since last week. I'm ok, I'm ok
      1/5/12
    • JCH57: Only thing I've come up with, is when I think it's time to sell something moving up, I set a trailing stop loss and let it run.
      1/5/12
    • JCH57: Though usually that means it sells at my stop and I should have just sold it outright.
      1/5/12
    • sstonerm3: ARLP pulled back a smidge mid day and I wanted to lock the gains. Trigger happy. Seen to many positions slide to losses.
      1/5/12
    • Mercy Jimenez: Yes, Baron Rothschild said it best: "To make money in the market, I never buy at the bottom and I always sell too soon."
      1/5/12
    • realornot: Is AAPL too high????
      1/5/12
    • Ocean Man: Nice trade on ARLP stoner. I'm still long, but it did make an unusual big move over the past week.
      1/6/12
    • sstonerm3: OM: prefer it to be a long term hold, but stoner momentum/fear/run with money @ moment rule told me to take the money. :)
      1/6/12
    • Ryan Mallory: sstonerm3 - I absolutely agree - one of the big challenges is to keep the profits that you have, because in this mkt they are fleeting
      1/6/12
    • Ryan Mallory: Mercy - I'd say that describes my trading behavior best. I've learned to accept stocks will likely run on me after I get out.
      1/6/12
    • Ryan Mallory: realornot - i'd say Apple has a lot more risk as a trade at current prices, considering the run that it has. I'd be looking to secure profit
      1/6/12
    • Ryan Mallory: JCH57 - trailing stops are a good way to go - but I do run into the same problem as you.
      1/6/12