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Monday, September 10, 2018 4:06:08 PM
Look at the last 6 months, went from $3 to $12, what to do, as I outlined in advance in every post, take 50% of your shares and place staggered stop losses.
You got stopped out of 25% of your shares at $11, you get stopped out of another 25% of your shares at $10.25.
NOW, you wait (as I did) and when it hit $7, you go back in and buy EVEN MORE shares than you owed to start and (all those shares are FREE).
It went back up to $9.50, and we were told on this board …."this is your last chance to buy in single digits" righttttttttttt.
I read on this board that "stop losses were the worst thing you could do"
YES, if you live in fairytale unicorn land and believe that stocks will ALWAYS only go up and up and up with no profit taking that happens in real life.
Buy low, sell 50% high, buy back MORE lower, and repeat.
If you do that,
#1 you will ALWAYS at least own 50% of your original shares (for that HOPED FOR giant run up).
And #2 the MAJORITY of the time, you will wind up owning many more shares then you originally bought for FREE with NO additional investment.
OR, just keep watching it go up and down and up and down with gaining any advantage from what will happen most of the time.
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