was a TA player, that means you shoul not hold for long. The time I posted SNDA was $37 and it poped over 41 before G8. However, China did not raise RMB rate at G8 as suspected. I closed SNDA positions after London bombing (around $39), because I think the terro changed the topic at G8 and most probably China would use this chance to delay the action. I did not make much profit on SNDA, again, the main reason is the terro changed the way it may go.
Housing sector is a FA player, which means you can hold for long term with good dividend every Q. When posted, it was at a pulling back period, good timing to load.
When you buy, please set your goal as the way the stock goes. That is to say, if the stock is a TA player, you should go in and out fast, and cut loss very quickly (less than 3-5% loss) if you cannot make money in 3-5 days. If the stock is a FA player, you can give it more time and hold even with 15% loss.
Housing sector is a FA player, which means you can hold for long term with good dividend every Q. When posted, it was at a pulling back period, good timing to load.
When you buy, please set your goal as the way the stock goes. That is to say, if the stock is a TA player, you should go in and out fast, and cut loss very quickly (less than 3-5% loss) if you cannot make money in 3-5 days. If the stock is a FA player, you can give it more time and hold even with 15% loss.
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