Have a great weekend everyone. Hope you survived volatility week. Many more likely to come.
Your homework for this weekend is to make an excel sheet with every position and your what your basis is. Figure out the price you can't stomach it to drop under, and a price target. Mark those areas on your charts so you can always see them.
Learn to go into every week with a defined plan of action. Where are you happy with current holdings and where do you let them go? Have a list of 5-10 stocks you think are good opportunities and outline your plan for what price you would buy them at, what your stop would be, and what target you are aiming for.
If you are a long term holder, this isn't for you. This is for the people here who's goal is to strategically buy and sell and to keep their money where the puck is going.
Form your plan
Trade your plan
Don't stray from your personal risk management
Let it go when it hits your target
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)