InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,745.37
(
0.40%
)
US TECH 100
19,586.80
(
0.79%
)
Dow Jones
42,175.11
(
0.62%
)
Brent Oil
70.95
(
-3.06%
)
Bitcoin
65,137.49
(
3.17%
)
Post# of 137481
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Profe$$or

Send PM Follow Ignore
Followers 923
Posts 57460
Boards Moderated 1
Alias Born 10/25/2005

Profe$$or

Re: None

Thursday, 01/24/2008 11:03:45 AM

Thursday, January 24, 2008 11:03:45 AM

Post# of 137481
I would like to address an issue. I just received a PM..and in the PM an individual stated that we used to just shoot for 3% gains and now it seems like I'm swinging for the fences. Why the change in philosophy?

First..the chart is there to serve as a reminder not to always go for the home-run. Granted. However in a very literal sense I have never suggested to exit a trade once 3% is gained. 3% is the minimum amount of gain sought. Now going all the way back through the IBOX you can see that most of our gains actually take in 10% - 30% on average.

You have to be flexible as a trader. Not every single stock will be played the same...and not every single trade will use the same technical approach.

COPI is my growth stock.

In hindsight...it seems silly to question my methods here...look at what I'd have missed out on if I'd have sold COPI with a 3% gain. A 10% gain. A 100% gain at .06. A 300% gain at .09

In this frozen moment of time it would appear the management of the portfolio by the staff has been flawless. I liken us to a fund or money manager with this model portfolio.

Having addressed this; remember that no one here is holding a gun to your head. If you got in at .03 and feel you need to take gains or profits or lighten your holdings in any stock; then by all means do so. In complete honesty, if I had more cash lying around I'd be buying more COPI here


Enroll in Wealth University today!
#board-10933



Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up