Some Advice As To My Game Plan With Stocks

[whodi]

If I Am Long On A Stock, I Love To Sell Into Rally's, Best Time To Get Out Of Your Positions Are When People Are Buying.

ALSO, If I Am Shorting A Stock, I LIKE TO COVER MY SHORTS WHEN DOWNTRENDS ARE BROKEN AND PEOPLE ARE BUYING, EASIER TO GET OUT OF.

I Love To Buy As People Are Selling And Love To Short As People Are Buying, Keep In Mind, My Strategy Is All About Momentum Trading. Usually Keeping Stocks A Few Days To A Week Or So, Sometimes Longer Depending On What The Charts And News May Be Showing Me.

The Stocks That Dont Move Much In Rallies Are The 1st To Take A Burger When The Market Is Coming Down, Those Stocks Are Obviously Weak And Will Dive With The Market, AND WILL PRESENT GREAT SHORT OPPORTUNITES. At The Same Time, If Stocks Are Holding Up Strong While The Market Isnt Doing So Well Are The 1st Stocks To Move Up When The Rallies Come.

These Are Just My Opinions And Will Give You All Some Ideas As To What My Intentions Are When I Am Trading, Take It For What Its Worth. It Seems To Work Well For My Style But Everyone Has There Own Trading Ideas. Gl To All And Make Some Money.

[Bosanac]

Thanks for the strategy whodi and for all the picks that you have been posting daily. I am about to start a job (might be a career) and some of my salary will go toward company's matched 401K (only 6%). For the rest of my money for investments, I'm thinking whether I should invest into Roth IRA and let the money sit in there or should I just stack it all into the trading account and follow your footsteps? In the long run, the Roth IRA seems attractive because I'm only 21 and I wont have to pay taxes on the earnings withdrawn when I retire, but the earnings arent as great as short selling appears and they are not as liquid. Whats your opinion?

[whodi]

Originally Posted by Bosanac

Thanks for the strategy whodi and for all the picks that you have been posting daily. I am about to start a job (might be a career) and some of my salary will go toward company's matched 401K (only 6%). For the rest of my money for investments, I'm thinking whether I should invest into Roth IRA and let the money sit in there or should I just stack it all into the trading account and follow your footsteps? In the long run, the Roth IRA seems attractive because I'm only 21 and I wont have to pay taxes on the earnings withdrawn when I retire, but the earnings arent as great as short selling appears and they are not as liquid. Whats your opinion?

GO FOR THE ROTH IRA, THATS YOUR FUTURE, GOOD TO START BUILDING IT UP AT A YOUNG AGE. .