• Bildar
    As promised, and also to answer a question, more on ABX (cont'd):
    7/12/12
    Reply (9)
    • Bildar: I use two strategies (outlined in my profile).
      7/12/12
    • Bildar: In the second, Hal aids in buying and selling individual stocks outside of long or intermediate term broad market buy/sell signals.
      7/12/12
    • Bildar: The position size for these on initial entry is smaller than when accompanied by broad market signals.
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    • Bildar: These also are often buy/writes (the 'writes' done on first bounce.)
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    • Bildar: Procedure calls for a write or break even stop put on once initial positions are profitable (like on the first bounce).
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    • Bildar: Bought 2 smidge bites (small) of ABX yesterday (see realtime stock talks.). Both were profitable toward the end of the day.
      7/12/12
    • Bildar: But in this case, I was occupied with managing the much larger hedge positions so didn't follow procedure, though I was planning to hedge.
      7/12/12
    • Bildar: So I still hold them today. I'm posting this to illustrate how important discipline is.
      7/12/12
    • Bildar: And also to get "Hal" off the hook, as he doesn't deserve the blame!
      7/12/12