Leaderboard

I'm often asked: if the price changed after the trade alert, what should I do? Should I enter at higher price or be patient and use limit orders? I decided to do a little exercise and check our latest trades. Out of 10 current open trades (some are half allocation), ALL of them could be entered at prices lower than the official alert price. Same is true for previous 10 closed trades. NO EXCEPTIONS. Sometimes it took few hours, sometimes you needed to wait for the next day. But eventually a limit order at price equal or lower than the official price would get filled. I think you get the answer. ALWAYS use limit orders. Never chase the price. If in some rare cases the stock moves and you are not filled, so be it. Better to miss a trade than overpay. Also debunks a myth that our performance cannot be replicated. Patience always pays off. And if not always, then 90% of the time.. On a related note, it is usually also possible to enter the trade before the official alert comes out, based on the information in the discussion topic.

As many of you know, it has been a difficult period for me and my family. My wife had a second stroke last month and had to do a brain surgery last week to remove a brain stem cavernoma. I'm glad to report that the surgery went well, and she is now recovering in rehab. It is still a long process, but the most difficult and risky part is behind us. I would like to thank everyone for your support and good wishes! I'm very fortunate to have such great community, both on professional and personal level. The number of emails and messages was really overwhelming. Special thanks to our dedicated team of mentors (@Yowster @SBatch and others) for covering during my absence. I expect to be back in full force shortly and to continue providing the same level of support and service you are all used to. Happy Thanksgiving and happy trading during those challenging times!