Trading is the only way I've made actual money in the past. I need some refresher information.
I was able to make some money before but...
I mistakenly believed in some dreck a few years back and lost almost all of my profits. Like, back to square one, hold on to my remaining duckets kind of losses.
Scaled back to some blue chip holdings and went back to work. But problem is, work is where they want you to:
>1.) Show up every day.
2.) The pay is sad.
3.) ...
4.) There is no real profit.
Where is everyone finding their stocks to watch before they explode?
One of my last remaining holdings was INTC. When INTC breached $80 I was hoping to ride it back to a great ending. I got nervous at about $86 and put a $5 trailing stop loss on it. The next day it dropped me out at $81 and I've watched it go to $99 since. Unbelievable.
Obviously my stop loss was too tight but I had to lock in profits over 80, and did not want to wait for INTC to go back up if it fell again. But now I need to get that money back in to this crazy market.
What are you doing to keep sane and find some decent multi day swing trades?
Every day on the side lines feels like a loss.