How To Trade Stocks Without Emotions(17)

Rules and mistakes:


9) Never put a limit sell order.

I can remember only the sell of NSOL where I sold at high price.

In all other cases the price always went up beyond the price where I sold.

However putting a limit order to buy after a breakout has been generally successful.

On two occasions (DAL & AXP) I put a limit buy order overnight but next day there were some bad news (broker downgrade).

I got a fill and the stock kept going down.



By Jay Deb