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SMASH the BASH RSS Feed

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Created
01/06/10
Type
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Moderator PenelopePitstop
Assistants

SMASH the BASH was created to counter the obsessive-compulsive and frenetic bashing of stocks by certain individuals who hate to see anyone succeed.

Without failure it's impossible to appreciate true success. (I think that's from Gone in 60 Seconds)

We have had our failures throughout the years of trading and discovered that focusing on short-term trades in companies that are on the OTCBB with revenue and fully reporting are the most beneficial.

Why? Because if we get stuck in a stock it is a real company and has potential.

The down side of trading is that someone always buys at the high. I hate for that to be me or my friends, but alas, it happens to all of us.

I have also found that many day traders follow our picks and that can drive the price down after the initial influx.

Although a home run would be awesome with all picks that is not realistic. When you enter a position pick your exit price and take your profit.

If you are looking for 50 - 100% gains and exit your position, be happy. even if the the stock price goes up 300% - that's OK. You made money. That is the goal. As the price runs up others are getting in at a higher point. It is rare for anyone to capitalize on the 300% increase perfectly.

A strategy I like is to take the initial investment off the table at a double if possible and let the free shares run.

Good Luck Trading and let's SMASH the BASH.

Stace

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