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Re: Chivito post# 38085

Friday, 03/15/2019 10:39:59 AM

Friday, March 15, 2019 10:39:59 AM

Post# of 38564
It is really quite simple...I have never seen a single person go broke taking a profit but I have seen many go broke not taking them...So now I sold some shares that I have from 0045 to 015 range in the .15 to .18 range and have the rest to trade as I wish after taking a massive % profit off the table...That is realized gains which is the only relevant factor in making a profit...Unrealized gains can be gone in a flash in the OTC...they mean nothing at all until they are realized...If it goes to $1. I still have plenty of shares but if the merger fails for any reason you will have lost all your unrealized gains...only one guarantee that I am aware of in trading and that is one will go broke by not taking profit...

That is my rational and perhaps it will not work for you but I have managed to do this for 42 plus years and it has made me quite successful...Enjoy and have a great day...

Take Profits Relentlessly...Just 5 Trades a day for $800 profit per trade makes a Millionaire for the year...Making profit has little to do with the stocks you trade and everything to do with how you trade them...

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