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Re: kommisar7 post# 20097

Saturday, 01/23/2021 11:40:53 AM

Saturday, January 23, 2021 11:40:53 AM

Post# of 27477
Morgan, komm7.

No secret to my strategies when it comes to something like puge.

While I am in the accumulation phase I do play the spread. If I see a moment during the day where the price 20% or more higher than recent days I will sell off up to quarter of my position and use all that cash to repurchase shares after the price has fallen back off by roughly the same amount or more. Market makers will often do a stop-loss purge once per day where I can buy back In at the price I require.

In the liquidation phase,two strategies are useful to me. One is to simple sell off the entire position at a 20% profit...or higher, but not much.

If I hang on to a position too long while it rockets upward, greed takes over and I risk messing everything up.

My other strategy is to avail myself of the function provided by my online broker where I can look at all of my purchases individually. I can sell of just those purchases that have hit my target and wait on the others until the price for those lots are where I need them to be. By then, those are usually freebie shares as I have recovered my principal. And, yes, I do want even my freebie shares to show a good return before I do let them go.

That's how I roll on abeast like puge.


Questions?

Spock.....perhaps it's time to start writing my book