Trading against my own prediction

[Bolimomo]

I am tired of trading on my prediction that turns out to be wrong.

How about this idea:

Whenever I have a "prediction" on an intraday movement on a stock, I will get in with minimal shares (e.g. 100 shares or 10 shares). Lock the direction and the price. These are test shares. I don't really care if I win or lose on these shares.

In the event that I was right... oh well... okay. Close out. Next prediction.

But if the market goes against what I predicted, I must have been wrong. This is when I would close out my original test position and then flip and get in heavy, like 1000 shares or 2000 shares in the opposite direction. My "bread and butter" will be made from these trades.

You think this will work? :D :D

[Flyboy]

:biggrin:..no, cuz once you get on the other side, it'll reverse..ask me how I know:cry:

[simpletradesnet]

:biggrin:..no, cuz once you get on the other side, it'll reverse..ask me how I know:cry:

You could take turns--Monday one of you enters a sure thing for a 100, but tells the other one who goes the opposite in quantity.
The next day the other one goes in on a definite winner for 100 and the other person takes the other side big time. etc...

[Gordo]

Kinda like when after you wash your car......here comes the rain. I couldn't pull the trigger today on any of my picks. As soon as I thought it was time it reversed leaving me thankful (FAZ/FAS). Someone made some money but not me.