Re: Tuesday morning thoughts
in response to
by
posted on
Dec 04, 2007 09:30AM
Discuss the various junior resource companies within the McFaulds Lake Area
TN
I do understand that if you are good enough you can do very well as a trader. I know there are many different TA charts that can help you. One is the candlestick. Scroll over and you can see what it said concerning NOT.
You start with 400 shares and sell at .25. Buy back at .17, then go right through the moves they recommend. You wind up with $1764. with the stock at $5.43. Had you done nothing you would still have 400 shares but they would be worth $2172.
I do wish I was smart enough to take some off the table before the price declines and rebuy when it is ready to go back up but I just can not do it.
I have made over 30 trades in the last month but they were always to sell something to buy something else that I felt had more potential. Until I think I have something with more potential than NOT, I will not sell it. When I do, I will sell it. I also will sell some if I feel I have too much exposure to a particular stock. Not and area plays are less than 10% of my portfolio.
I was fortunate enough to get into precious metals and PM stocks back in 2001. I have been in and out of many stocks, but whenever I try to day trade I buy high(because I just know it is going higher) and I sell low (because there's just no telling how low it might go)
I live off my investments and have been for the last 12 years. Al is right, he will do it his way and I will do it mine. If you select and copy this post and put it in word you can read it better.
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