Thoughts in a Box.
A TecTraders thoughts on various topics, got some thoughts you think belong on this page. HIT US UP
Tec's Take on being green: Take Your Profit!
Tec's Take on being red: You have 3 choices here, 1. Take your loss 2. Average down and pick a new exit 3. Wait it out( I will never wait out a stock without averaging down first, it just seems to me like a waste of profit, if you think its going back up to where you got in then why wouldn't you make some money on the way back?)
Tec's Take on charting: Finding reasons to get in; is easy. Finding reasons to stay away is better. If you find enough reasons to stay away you will then have the knowledge to enter. Only when we know both outcomes can we be ready to trade a stock. Otherwise you are setting yourself up to be a bag holder. Failure to plan, Is planning to fail.
Tec's Take on PR pumps: They are a TecTraders best friend if you got in first; if you got in after the pump was on they are your worst nightmare. The bottom can drop anytime in the world of the pinks you don't need some PR crew messing with the chart. If the pump is already on extra caution is needed.
Tec's Take on Profit: You can't make all the money all the time, but you can make most of the money every time when you Take Your Profit.
Tec's Take on Brokers: These are well educated people who in a broad sense don't want to lose your money, so they take slow and tested methods for wealth accumulation. In the brokers mind 5-10% annually is a great year. These are your wealth advisors but they are not your friends, lose is lose and at some point letting them have total control of your retirement is crazy. You need to be as prepared as these people for the market at hand. It doesn’t matter to me if you let them trade or you trade it. Both of you need to be on the same page for goals and positions in the market place. Saying, I just won't look at my account and in 10 years it will be better than I left it is crazy. Get involved in your money, you earned it.
Tec's Take on Life: Live it, spend some of your time making money, the rest of your time with family and friends. True wealth is measured by those around you, not whets in your pocket. Making money is easy, having friends and family to be there is a whole lot harder. Take time to enjoy them, the rise to the top is long and hard and you want everybody there with you at the end.
Tec's Take on Work: It’s overrated if you only do what is needed to get through the day, create something, and be apart of something, starts something. If your only goal is making it to tomorrow you will miss out on the opportunities of today. Look at anyone who is wealthy and wasn't born into it. They didn't wait for tomorrow, no they have a "Carpe Diem" attitude. Seize the Day.
Tec's Take on You: If you’re here and you read the above and understand where I'm coming from, welcome. If your here and don't understand what I'm talking about and think this is junk, welcome. If your here and your thinking yeah I get it but I'm not sure I can roll that way, welcome. You've made a great choice in visiting; we will never shove anything down your throat. Its buffet only at TecNasty.com, take what you will, get your fill and be ready to contribute when called upon. This is a place for TecTraders ARE YOU IN?
The world is changing, everyday more people are taking responsibility for their income. Gone are the days when you called your broker and asked for advice on what to do with your money. Gone are the days when investing in a blue chip, well known company was the accepted practice for a secure future. Today people want and require to be informed about where their money is and how it's spent. People want to feel like win or lose they made the decision to buy and sell not some guy behind a desk collecting commissions off them regardless of the clients profit or loss.
The electronic exchange has turned the world of investing into a living breathing thing that the people control win or lose and more people are winning with strong trading strategies and backed by the information charts and the Internet can provide them on making intelligent buying decisions. Like the milkman before him the broker is a dinosaur, whoever thought putting the word "broke" in the name they call their adviser must have had some real insight because many accounts handled by these guys are heading that direction broke.
I for one care about my money and have worked hard to obtain it. I will be responsible for its success or failure in the market and I will be its "profit maker" not its broker. I'm a TecTrader.
Regards,
TecNasty
Take Your Profit
First things first, I'm really pumped at how hard people have worked to break old habits and start new ones with successful charting techniques. The hardest habit to break is loyalty and promise of bigger things to come. I feel many of you have taken a step in the right direction.
Not taking profit is the same as setting your money next to an open flame it may not burn but why take the chance. There is a sound reason we made Rule#1 of the Tec’s Top 10 Take Your Profit. Simply put it doesn't count until it’s in the boat. It's fun to tell others success stories about how well you are doing in the market. Try this instead start telling your failures you will see how much easier taking profit is when the fun of talking about your favorite stock is whisked away. Instead of being up biggley you’re holding bag.
Loyalty and Promise why are these habits hard to break? Its human nature, we are loyal to those who have rewarded us and treated us fair. We are optimistic about the promise of a better day ahead and loyalty will often feed these thoughts. I will say this now and I will have to repeat it later. If you want to be a successful TecTrader and you want to be your moneys Profit Maker then you must leave emotion win or lose out of the stocks you trade. Hope is good in most cases; hope in the stock market is a recipe for disaster. Instead of taking the profit you earned with good charting and DD, you will watch you’re profits fade away while you join bag holder support groups talking about how this is only short term and soon everybody that waited will be rich. If you have some time, go see a few investors in Seaway Valley Corporation.
We teach short term, chart-based, non-emotional techniques for making money off the stock market. Nobody is 100% right on the market, even with the help of charting. The reason we chart is to increase our odds of success and ignore the pump and dump schemes of penny stocks. We take profit to protect and conserve capitol. At the end of the day it’s all we have to trade. Loyalty and Promise won’t buy a position in another company.
Do yourself a favor and always Take Your Profit!
TecNasty & Epic Stocks
Understanding your money and available cash is one of the most important skills a TecTrader can master. First off "ALL IN" is all wrong. When you put all your money in one play you expose yourself to self destruction and complete loss. We think you should be spread over several plays with entry and exit points for each.
Lets take a $1,000 bank roll for example you should be playing at least 2 plays with that and have 20% in reserve for MOMO plays. Penny stocks move fast and having funds available for a watch list play that moves into position is key to being in the right place at the right time.
Next as always if you drain your reserve you have to exit another play to refill the reserve. This should be easy if you are taking profit like we always say. A small gain is always better than a huge loss.
Now you might say Why break my funds up? The answer is simple. Trading with charts is great but not a 100% correct all the time. YOU NEED A GAME PLAN. This is where money management comes in. Lets say you grabbed 3 stocks on Monday and in a couple of days its time to exit 1 the other two are flat. You popped 40% on the first lost 20% on the 2nd and are even on the 3rd. You can now exit all 3 with 20% net profit and you still have your reserve on hand to make a move if need be.
How powerful is this concept in the example above with a $1000 bank roll to start. We talked about a 20% reserve capitol for MOMO plays. That gives us $800 cash to make plays with. If we added nothing to our cash flow we are still putting $160 a week in reserve. Thats over $8,000 a year and your not exposed. Now we take gains and put them back in the market and we add to a our bank roll all the time but everyone is different in that respect. It doesn't matter how you handle your gains as long as you take them and stay with a game plan.
It sounds easy but its not. It take practice to rotate your cash flow in and out of trades. It takes vision to fill reserve tanks quickly. Remember when you sell a stock the funds may not be available the next day so learn your brokerage house rules on settled trades.
Look guys if this was easy everyone would do it. It takes a TecTrader to battle the boards everyday and win every week. One trade wont make or break you if you have a plan and clear vision of where you want to be. We are TecTraders and we know where we want to be. ARE YOU IN?