Howard Lindzon - Latest Comments in The Top Ten Reasons You Sold Stocks on March 9th, 2009

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

howardlindzon — Wed, 04 Nov 2009 09:38:03 -0000

for now you need to load stocktwits desktop and tweet away and than unclick
the CC button

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

Mrs Buttons — Wed, 04 Nov 2009 05:12:06 -0000

I am having a problem on stocktwits - how do I tag my comments so they go directly to stocktwits and not to twitter? I put the $ in front of the ticker, but I noticed many do not...and they post wiht no problem.. did I set up my account wrong on twitter? Can I set up a spearate account on stocktwits and not go thru twitter as a sign on? thanks

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

Mrs Buttons — Wed, 04 Nov 2009 04:39:26 -0000

The few that made big coin in the stock market – in an honest way – were those that honored price. They honored their stops on the way down through 2008 and they took their entries on the way up starting in March, 2009.

I think that's overly simplistic - why not just employ a robotic then and not follow the markets? Perhaps that's where it is headed - a totally mechanical unemotional exchange? I want to believe what you say, but if it were that easy, there would have been a lot more than a few. es, we learned from the experience both good and bad. We are more informed but also flawed. If the psychologists are right fear trumps greed which will make the struggle to earn back our losses ever the more challenging.
good post and thought, Howard.

Mrs Buttons

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

howardlindzon — Wed, 04 Nov 2009 00:47:13 -0000

thx appreciate that.

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

The Fly — Tue, 03 Nov 2009 23:56:39 -0000

"The Fly" and "The Swan" own all of you pikers.

Here is my post on March 8th, 2008

http://ibankcoin.com/flyblo...

There is a lot more.

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

ben — Tue, 03 Nov 2009 21:00:29 -0000

That comment was meaningless. It amounts to: Those who "made big coin in the stock market" were those who bought low and sold high. Gee, thanks for the tip.

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

howardlindzon — Tue, 03 Nov 2009 18:03:07 -0000

Love the power of blogs and ability to look back honestly

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

howardlindzon — Tue, 03 Nov 2009 18:00:54 -0000

Thx.

If we do it right it just stays as a human contextual idea machine.

Keep us in line.

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

ChartingStock — Tue, 03 Nov 2009 17:58:46 -0000

Excellent Point About Overall Portfolio Risk Management Concerning "Honoring Their Stops On The Way Down" & "Took Their Entries On The Way Up". StockTwits Does An Amazing Job Of Bringing Intelligent Trades To Traders World Wide As Opposed To The Majority Of "Noise" In The Broader Financial Media. Whatever Form Of Down Side Protection Traders Have, Whether It Be Options, Stops Or True Selling Discipline, These Methods Of Portfolio Risk Management Are Major Components Leading To Long Term Trading Success. These Vital Points Are Almost Never Mentioned In The "Main Stream" Financial Media & Yet They Are A Key Difference Between The Millions Of Traders Who Fail & Yet Still Watch CNBC, Versus The Many Traders Who Succeed. Keep Up The Great Work @StockTwits & Thank You For Bringing Intelligent Trading, Investing & Portfolio Risk Management To The Many Traders World Wide Who Hopefully Will Succeed In Part Due To StockTwits Great Work.
Posted By @ChartingStock

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

chartsandcoffee — Tue, 03 Nov 2009 17:42:36 -0000

The best trade this year (quite frankly, it is what has made it possible for me to have a double digit return this year) was buying big names companies under $5 in the first and second quarter of 2009.

There was a true threat that many companies would go to $0. But if you bought 50-60 of them it was a pretty good bet that they all wouldn't goto $0. So even if you lost a few companies to bankruptcy, once the threat was lifted, these stocks were going to take off and make up for any 50-75% losses.

There were many profitable trends in 2009, such as going long gold. But I would say that it is almost impossible to have a really good 2009 without catching the buy big name companies under $5 in Q1-Q2 trend.

This was my post from March 9, 2009. It somewhat goes with your follow the big trend concept. I've definitely had missteps since March. However, nailing this big trend was what mattered.

http://www.chartsandcoffee.com/2009/03/what-was...

It is fun to review your writings.For Q1, Q2 and part of Q3, the market went much higher than I thought it could. Yet, to a certain degree, this was balanced out by the fact that my "junk long" stocks went much higher than I thought they could. Sometimes they were up 40-50-60% in a day. For a while, that was common practice. If they went down 15%, it was like they were down 1.5%.

People always talk about panic bottoms. We were all able to see the ultimate panic bottom.

Look at Denninger from March 5th:

http://market-ticker.denninger.net/archives/852...

"Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone. If you live in one, figure out how you can get out and live somewhere else if you detect signs that yours is starting to go "feral"; witness New Orleans after Katrina for how fast, and how bad, it can get."

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

tivoboy — Tue, 03 Nov 2009 14:51:05 -0000

It was indeed scary, but being short the market worked for me at the time. Also, buying on the dip there especially C and BAC 2010 and 2011 call options for pennies is going to help a LOT!

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

Brent Rose — Tue, 03 Nov 2009 11:13:25 -0000

I believe the #1 reason I sold my stock is March is that I was flat broke. Good times.

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

howardlindzon — Tue, 03 Nov 2009 10:59:17 -0000

just for drama :)

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

ivanhoff — Tue, 03 Nov 2009 10:51:30 -0000

why are you embarrassed? you caught some of the biggest highly liquid trends of the year: oil, silver, amzn. I am sure your investors are happy.

Re: The Top Ten Reasons You Sold Stocks on March 9th, 2009

howardlindzon — Tue, 03 Nov 2009 10:36:51 -0000

delete