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Re: mattsinvestmentclub post# 42347

Tuesday, 08/01/2017 11:48:00 AM

Tuesday, August 01, 2017 11:48:00 AM

Post# of 346662
Your question implies the desire to trade.

With the exception of 3-4 days (including yesterday) over the last 8 months, there haven't been large "swings" intraday with very many opportunities to swing trade, or day trade, without getting "left behind".

Most days that had bullish long candles were slow and steady move ups throughout the day and a swing or day trader wouldn't have had much luck trading the action.

So my two cents worth when it comes to AMFE, is to just sit tight and hold. You've been a part of AMFE for as far back as I have, and maybe more. If you held this entire time, you're account has definitely appreciated in value.

If you've been trading it, and have been more profitable than you would have, if you just held, then you have some above average trading skills.

What I love about AMFE is that it is not a time intensive stock. Meaning, I don't need to watch it every day. That's what an investment is...

If you want stocks to trade, then you need to scan for momentum stocks that have much more dramatic short term rise and falls, as in intraday/daily. AMFE is not one of those.

Also, in order to successfully swing/day trade, you need to have the time and focus to watch very closely every second you're holding a position. This means, you shouldn't be day trading unless it's your actual career.

I'm no genius, but I'm no dummy either and I've day traded stocks and options. It's NOT easy! The shortest I've held a stock is less than 30 seconds, lol. Biggest company in the world, took a $280K share position and flipped out on a several penny move.

AMFE has become investment grade for me, not a trade.

Good luck, just be careful and be smart!

Go AMFE
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